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Cardano Falls To 6-Year Low Amid Crypto Pessimism

Cardano Falls To 6-Year Low Amid Crypto Pessimism

ToplineCardano’s ADA token, once the world’s third-largest cryptocurrency, extended losses on Wednesday as it traded near a six-year low following the cancellation of its flagship conference and a broader crypto market selloff. Cardano’s market value has plummeted by more than $80 billion in recent years. NurPhoto via Getty ImagesKey FactsThe value of Cardano dropped 2.3%…

Defense tech is flooded with money, but who’s built to last?

Defense tech is flooded with money, but who’s built to last?

Defense tech is red hot right now. Anduril and Mach Industries just doubled and quadrupled their valuations, respectively, and the U.S. government is proposing a 40% increase in defense budget. A wave of new startups is chasing those government contracts, but according to Ross Fubini, the venture investor who wrote Anduril’s first check, most of them will get lost in the Valley of Death between prototype contract…