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Cardano founder Charles Hoskinson broadcasts from Tokyo amid brutal red markets, revealing he's lost over $3 billion yet refuses to walk away. He calls the current financial system "irredeemably evil" and positions cryptocurrency as humanity's only path to freedom, even as prices plummet across the board.
The crypto industry faces mounting pressure as red candles dominate charts. But one voice refuses to dim. Speaking to his community from Japan's capital, Hoskinson delivered a raw message about integrity, corruption, and the long road ahead for blockchain technology.
Tokyo Message Amid Market Bloodbath
According to Charles Hoskinson on X, broadcasting live from Tokyo during the third cohort of Cardano ambassadors, he acknowledged the harsh reality facing crypto investors:
"The markets are tough right now. It's red. It's red, red, red. It's almost like The Shining. And people are not feeling good."
Despite meeting investors and developers throughout Japan who thought Cardano was fading, Hoskinson doubled down on commercialization readiness. He pointed to Starstream and Midnight as examples of infrastructure moving forward. The founder emphasized that full decentralization and governance completion position the network for real-world use cases.
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The $3 Billion Declaration
The Cardano founder made a stunning financial disclosure during his address. He's personally lost over $3 billion as crypto markets tumbled. He could have cashed out at any point. He chose not to.
"I've lost more money than anyone listening to this. Over $3 billion now. It would have been real easy to cash out. Just walk away. And do you think I honestly care if I lose it all? Do you think I'm doing this for money?"
Lark Davis highlighted on X three key points from Hoskinson's speech: the $3 billion loss at 8:55 in the video, his absence from the Epstein files and FTX scandal, and his emphasis on integrity being all anyone truly has. Davis expressed "MAD RESPECT" for Hoskinson's stance.
The founder contrasted his position with others in the industry who succumbed to temptation and corruption. He pointed to his absence from major scandals as evidence of his principles.
Must read: Jeffrey Epstein Invested $3M in Coinbase Through 2014 Deal Arranged by Tether Co-Founder Brock Pierce
Cryptocurrency as Global Economic Solution
Hoskinson framed cryptocurrency as the inevitable solution to a transitioning world. Globalism has peaked, accelerated by artificial intelligence and demographic shifts. The human race now thinks in terms of collective humanity rather than isolated nations.
"The only way to run a world like this is through a cryptocurrency. Full stop. Otherwise you have to build an empire and no one's strong enough to conquer the world right now. Not even China."
He argued that a globalized market requires a common economic language. After 15-plus years of consideration, he's concluded no alternative exists to blockchain technology. The inevitability of victory simply requires effort and persistence.
The founder rejected the existing financial system as fundamentally corrupt. He referenced the Epstein files not for the crimes themselves but for the social acceptance of documented wrongdoing by powerful individuals without consequences.
"Deep down inside, we all know this can't last. And humanity's moved on. We don't want to accept some dark group of people who worship Bronze Age pagan gods and who murdered children should just have the right to lead us forever and control us with money."
Related: Bitcoin Faces $300M Liquidation Storm Amid Global Selloff
Infrastructure Reality Check
Hoskinson pushed back against pessimism about blockchain's current capabilities. The technology already processes billions of transactions monthly. Identity, data sovereignty, and self-sovereignty solutions surpass anything built in traditional systems.
"Today, right now, these systems are far more advanced for your identity, your data, and your self-sovereignty than anything that has ever been built in the legacy world. It's not a hypothetical. It's not an aspiration. It's a reality."
He acknowledged the industry's problems including meme coin mania and various scandals. But he framed these as growing pains from a young movement without centuries of institutional knowledge. The pieces exist across Solana, Sui, Cardano, and Midnight. Someone just needs to package them for mainstream use.
The founder name-checked Vitalik Buterin and Anatoly Yakovenko as fellow fighters working toward the same goal. Whoever succeeds in making blockchain accessible will open the floodgates.
Check out: Vitalik Buterin Demands Ethereum L2 Overhaul: End Copycat Chains and Ignite Innovation
Personal Integrity Over Wealth
Hoskinson's message centered on personal principles over financial gain. He emphasized his default answer to questionable opportunities is "no" regardless of potential rewards or social standing.
"All you have is your integrity. You have to be able to look at yourself in the mirror and say, you know, today I did the right thing. Today I wasn't an asshole or an evil person or a bad person. Today I fought for something that was right. That's all we have."
He positioned each line of code written and each ambassador recruited as progress on a difficult path. Some days prove easier than others. He committed to continuing regardless of team size or personal circumstances.
The founder warned conditions will worsen before improving. More red days lie ahead. But he framed the choice as simple: return to a rigged system that inflates away wealth and eliminates jobs through AI, or build something fundamentally different.
"At the end of the day, are you having fun? Find a way to. And know that each and every one of you in the cryptocurrency space, you're doing something that matters."
Hoskinson closed by inviting people to join as Midnight Ambassadors, participate in Cardano's Intersect governance, or support any cryptocurrency aligned with these values. He emphasized unity across projects rather than tribal token loyalty.
The road remains long. The markets stay red. But Hoskinson promises he's not going anywhere.
3 Key Takeaways:
Hoskinson lost $3 billion in crypto downturn but refuses to cash out despite easy exit opportunityCardano founder frames blockchain as humanity's only solution for global economic coordinationIndustry integrity emphasized over wealth as markets face continued red days ahead
#CharlesHoskinson #Cardano #CryptoMarket #Blockchain #ADA

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Notice the blue line on the chart—long-term support.

Yes, trading went below this level but it is recovering the same week, on the same session, on this exact same candle.

If you look at our stop-loss strategy, we focus on manual stop-loss. Weekly and monthly. Something like, "close a trade not only if the action pierces support but if the monthly (or weekly) session remains below the relevant level." That is, if the session closes below.

A pierce of support, on any timeframe, is not enough for us to close a good position, a trade. Why? Because we know the market is tricky and things happen just like it is happening today.

Yes, there was a strong crash but we are already back above support. The entire move is happening within just 24 hours, that is why is better to never use a stop-loss, not if you are trading spot.

Anyway, the action looks the same as June 2023. The action went below support just to recover followed by a massive bullish cycle.

The current session has a very long lower wick, this is a very strong bullish signal on its on, specially since we are looking at the weekly timeframe.

Cardano is now trading back within the opportunity buy-zone, great entry prices. Timing is also great because the bearish move is ending now which means bullish next. There can be bullish action for 1-2 months straight, it can be more. This is the bullish cycle—relief rally—we've been waiting for.

Buy now, but make sure to sell when prices are up.

Namaste.

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