Cardano price action has been lackluster over the past few weeks. It has moved within a range, facing resistance at $0.40 and finding support at $0.31. This lack of momentum is coupled with a decline in the coin’s open interest (OI), which has reached its lowest level since May 2023.
Bitcoin miner Iris Energy is under scrutiny as a class-action lawsuit alleging Australian the Bitcoin mining company overstated its computing capabilities and misled investors about its prospects in high-performance computing (HPC).