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Altcoins

Cardano News Today: ADA Price Crashes 5.1% After CIP-0113 Token Launch

Cardano News Today: CIP-0113 Programmable Token Goes Live on Mainnet Cardano news today centers on one big release. The Cardano Foundation confirmed that CIP-0113, Cardano's long-awaited prog

AnonymousCryptoCompass newsroom
October 7, 2026
5 min read
NEWS
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Cardano News Today: CIP-0113 Programmable Token Goes Live on Mainnet

Cardano news today centers on one big release. The Cardano Foundation confirmed that CIP-0113, Cardano's long-awaited programmable token standard, is now live on mainnet. Issuers can finally build compliance rules directly into native ADA tokens, and no hard fork was needed to do it.

Within a day, the update pushed Cardano into the top crypto assets by market cap, before a sharp price pullback hit ADA. Here is the full breakdown of the launch, how ADA price today reacted, and what the network has planned next.

Key Takeaways

  • CIP-0113, Cardano's programmable token standard, is live on mainnet, letting issuers add freeze, seize, and KYC rules to native tokens without a hard fork.
  • ADA price today sits at $0.2544, down 5.1% in 24 hours, even as market cap today climbed to $9.548 billion and ADA entered the top 15 assets by market cap.
  • Cardano held a Node Diversity Celebration Day in Singapore, and Charles Hoskinson flagged Pogun, a Bitcoin-to-Cardano stablecoin lending project, for launch within 90 days.

What Is CIP-0113? The Biggest Cardano News Today

Here is the problem CIP-0113 solves. Its native tokens could always be minted freely, but once issued, they moved with zero control from the issuer. That gap blocked the exact assets that drive volume on other chains: regulated stablecoins, tokenized securities, and real-world assets that need freeze, seize, allowlist, or KYC rules attached.

CIP-0113 token launch

Source: X Post

According to a Foundation post on X, CIP-0113 fixes this without touching the base protocol. Tokens stay native Cardano assets, but every transfer, mint, and burn now runs custom logic that the issuer sets. Compliance lives inside the Cardano programmable token itself, enforced by the network, and wallets and apps keep working as before. The eUTXO transaction model that makes predictable stays untouched.

This matters most for the assets that have stayed off until now. Stablecoin issuers can lock in freeze and seize controls the way regulators require. Tokenized securities can carry built-in allowlists, so only approved wallets hold them. Real-world asset issuers get KYC gates baked into the token itself, instead of a separate smart contract that could break or get bypassed.

In short, CIP-0113 turns it into a chain where regulated money can actually operate, not just technically exist on it.

How Did ADA Price React to the Launch?

The market answered fast. Its market cap surged within a day of the launch, and ADA overtook Monero, WhiteBIT Coin, and the LEO token to enter the top 15 digital assets by market cap, based on CoinGecko data. That left ADA sitting just behind Chainlink (LINK).

Cardano market ranking

Source: Coingecko Data

Then came the drop. At the time of writing, Cardano price today stands at $0.2544, a daily fall of over 5.1%. The market cap today is $9.548 billion, with $782.079 million in 24-hour trading volume. Zoom out to the weekly chart, though, and ADA is still up 4.2%, so the bigger trend has not broken down.

Cardano price today

Source: Coingecko Chart

Metric Cardano (ADA) Chainlink (LINK) Price $0.2544 $14.04 24h Change -5.1% -1.7% Market Cap $9.548B $10.156B 24h Volume $782.079M Not disclosed

Note: rankings can shift quickly as the market reacts.

What's Next for Cardano After CIP-0113?

The token launch was not the only thing happening. Teams behind Cardano's independent node implementations wrapped up a three-hour Node Diversity Celebration Day in Singapore, calling the event a success.

There is more on the roadmap too. Charles Hoskinson said on X that Pogun, a project built at pogun.io, is set to launch within the next 90 days. He described it as bringing a major improvement to BitVM, the technology that lets Bitcoin connect into stablecoin lending. Together, CIP-0113's compliance layer and Pogun's lending plans both point toward the same goal: pulling regulated money and Bitcoin liquidity onto it.

Charles on Pogun project

Expert Opinion: Market analysts tracking Cardano note that short-term price drops after major upgrades are a common pattern, since traders often sell into news rather than hold through it. The more important signal is structural: CIP-0113 closes a gap that has kept regulated stablecoins and tokenized assets away from the chain for years.

Whether that turns into a higher Cardano market cap today over the coming months will depend on real issuer adoption, not just the code going live. The Pogun announcement adds a second variable worth tracking, since Bitcoin-linked lending activity could bring fresh liquidity to the network if it ships on schedule.

Conclusion

CIP-0113 gives it the compliance tools stablecoin issuers and institutions have waited for, even though ADA price today dipped 5.1% right after launch. With Node Diversity Day done and Pogun due within 90 days, Cardano news today points to a network building infrastructure first and letting price catch up later.

YMYL Disclaimer: This content is for informational purposes only and does not count as financial, investment, or trading advice. Cryptocurrency prices, including ADA price today, are highly volatile and can change within minutes. Always do your own research and speak with a licensed financial advisor before making any investment decisions.