TechFlow News, May 31: According to The Block, the Cardano Foundation confirmed that the Cardano Summit 2026 will not take place this year, as the on-chain treasury funding proposal failed to reach the required supermajority threshold of 66.67%. The revised proposal sought a grant of 7.8 million ADA—approximately $2 million—and ultimately received 65.21% support from DReps’ staked voting power, falling short of approval. The summit was originally scheduled for October 5–6 in Singapore. Separately, EMURGO’s sponsorship proposal for TOKEN2049 has been approved.
Navigating Web3 tides with focused insights
Contribute An Article
Media Requests
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号




