Key facts: Midnight launch raises Cardano relevance concerns; audit of 318M ADA complete
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The launch of Midnight has raised concerns about Cardano's relevance, as industry experts emphasize the need for real-world utility and a shift towards 'business tokens' with measurable value.1Galaxy Digital's CEO and Head of Research highlighted the need for Cardano to show real utility and revenue models to stay competitive in the crypto market.2Charles Hoskinson confirmed the audit of 318 million ADA from unredeemable presale vouchers is complete, urging the Cardano community to move forward.3
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