Cardano Foundation cancels 2026 summit after treasury funding vote falls just short

The Cardano Foundation's 2026 summit is canceled after a treasury funding vote falls short, with 65% support just shy of the required two-thirds majority. Despite last-minute endorsements from founder Charles Hoskinson and CEO Frederik Gregaard, the measure failed to secure the necessary backing, leaving the event's future uncertain amidst Cardano's ongoing development and market fluctuations.