Cardano Drops to $0.1572 After Iran Strikes Five Countries; Kraken Quietly Stakes $1B in ADA

ADA-3.35%

On July 13, Cardano (ADA) fell to an intraday low of $0.1572 following coordinated strikes by Iran across five regional countries, which rattled broader crypto markets. ADA recovered partially to near $0.1616 by session close, down 3.60% over 24 hours.

Kraken quietly registered 12 Cardano stake pools in June with approximately $1 billion in ADA delegated, marking a significant institutional commitment to the network's infrastructure amid the price volatility.

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