Cardano news: 30 to 31 October 2026
4 stories from the Cardano world, 30 to 31 October 2026, each in a few sentences. Published 31 October 2026.
31 October 2026
The Cardano Card stops working today
The Cardano Card, a Visa card that EMURGO launched with Wirex in November 2025, ends on 31 October 2026 because Wirex is closing its custodial service. The card offered up to 8% cashback in crypto. No replacement card has been confirmed.
Card holders need another way to spend ADA from today.
Source: Altcoin Buzz
30 October 2026
Hoskinson warns of dangerous code after the Binance wallet drain
Cardano founder Charles Hoskinson warned on X on 30 October about the code used to drain a Binance hot wallet through EIP-7702, an Ethereum feature that lets a wallet hand control to a contract. An analyst's reconstruction says the code used 50 signed authorizations and kept exactly 1 ETH in the wallet, likely to avoid low-balance alerts.
Cardano wallets do not use this Ethereum feature, but anyone who also holds coins on Ethereum should take care with signing requests.
Source: Crypto Economy
30 October 2026
Intersect proposes splitting the 2027 budget into seven areas
Intersect proposed dividing the 2027 treasury spending limit into seven areas, each with its own steward, plus an area for open contributions. The first governance info action is planned for 10 November, with a second round in December or January. It also reported that two Mithril milestones worth 658,718 ADA were approved.
ADA holders and their DReps will vote on how next year's treasury money is split.
Source: Intersect
30 October 2026
The 22 million ADA copper reserve request has almost no DRep support
Intersect reported that the treasury request for a 22 million ADA strategic copper reserve had 0.4% yes votes from DReps against the 67% it needs, and two no votes from the Constitutional Committee. The 9.6 million ADA request from Trivolve Tech had 20.5% DRep support and the 940,000 ADA AURORA request 3.36%. The copper request expires on 15 November and the other two on 20 November.
All three requests are far from passing, so the treasury money is likely to stay where it is.
Source: Intersect
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