Whales Dump 110M ADA as Price Slides to $0.232 | Musashi Testnet Enters 'Fire' Phase

ADA slides to $0.232 as whales dump over 110 million tokens and on-chain daily active addresses plunge. But while the retail charts flash red, core engineers just pushed the Musashi testnet into its highest operational phase, setting the stage for the Leios upgrade. Welcome to your Daily Crypto Briefing for Tuesday, October 13, 2026.
In today's institutional data desk report, we break down the severe ADA sell-off, the missed developer deadlines, the massive NIGHT token listing in Japan, and global stablecoin regulations.

📊 CHAPTERS / TIMESTAMPS:

00:00 - Market Hook: Whales Dump 110M ADA & Musashi Enters 'Fire' Phase

00:45 - Market Tape: ADA, Bitcoin, Ethereum, Solana & XRP

01:30 - Cardano TVL Drops to $65.1M & DAA Plunges 41%

02:15 - Core Engineering: Musashi Testnet & Leios RC 2026w41

03:00 - Developer Delays: Node 11.2 Misses HFWG Tag Deadline

03:45 - Enterprise Updates: Fireblocks Target & .ada ICANN Progress

04:30 - Midnight Network: NIGHT Token Live on OKCoin Japan Order Book

05:15 - Native Tokens: $SONG Metrics & 213,994 ADA Reserves

06:00 - Bitcoin Macro Wrap: Strategy Confirms 848,250 BTC Holdings

06:45 - Global Regulation: EU Council Confirms MiCA Stablecoin Crackdown

07:30 - Top 3 Institutional Takeaways

08:15 - Outro & Important Disclaimer

🔗 PRIMARY DATA SOURCES:

• Prices & Market Data: CoinMarketCap & CoinGecko
• On-Chain Cardano Metrics: Koios REST API (Epoch 661)
• DeFi Liquidity & TVL: DeFiLlama (v2 & legacy)
• Institutional ETF Inflows: Farside Investors & SoSoValue
• Ecosystem Intelligence: SongMarketCap & Intersect MBO

📌 CONNECT WITH US:

Read the full institutional briefing and research notes:
• Substack: https://dailyoncardano.substack.com
• X (Twitter): @DailyOnCardano
👍 With whales dumping 110 million tokens and Node 11.2 missing its deadline, are you concerned about short-term momentum, or is the Leios testnet success keeping you bullish? Drop your thoughts in the comments, and please LIKE, SHARE, and SUBSCRIBE for daily institutional on-chain intelligence!

⚠️ DISCLAIMER:

NOT FINANCIAL ADVICE. This video is strictly for educational, informational, and research purposes only. Cryptocurrency assets are volatile and carry high risk. Always conduct your own research before making any investment decisions.
#Cardano #ADA #CryptoBriefing #DeFi #MidnightNetwork #Bitcoin #DailyOnCardano