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Cardano founder Charles Hoskinson delivered a new message to the community on April 12, declaring that the Cardano ecosystem has reached full decentralization while hinting at a potential step back from active involvement. In a livestream titled “See you on the other side”, Hoskinson reflected on a decade-long journey with Cardano, praised recent governance milestones, and announced plans for a perilous personal expedition.

Cardano Fully Decentralized, Hoskinson Steps Back Briefly

Speaking from his home office in Colorado following a trip to Paris, Hoskinson opened with a candid statement: “This time it’s to go somewhere to do something that is quite dangerous—so much so there is a possibility of death.” He characterized the livestream as a precaution, a chance to reflect on what has been built in the event something were to go wrong. While he reassured viewers that he expected to return safely, the tone of the address underscored a transition, both personal and professional.

The central focus of Hoskinson’s message was the formal maturation of Cardano’s governance infrastructure. After more than a decade of development, he asserted that Cardano has now entered a fully decentralized phase, citing recent constitutional and institutional advancements made possible under the Voltaire governance framework. “We have passed a constitution both through a constitutional convention and an on-chain ratification,” he said. “We have passed an info action approving a roadmap. There are almost a thousand DREs [Delegated Representative Entities] registered and an interesting distribution of power amongst them.”

These milestones mark a significant shift for Cardano, effectively transferring decision-making authority from the founding entities to the broader community. A transitional constitutional committee—partially elected—is currently in place, with fully democratic elections scheduled for later in the year. Budget reconciliation among DRAPs (Delegated Representative Action Plans) is ongoing and expected to conclude within the next 60 to 90 days.

Hoskinson emphasized the significance of this structural shift: “I wanted to build something where I could spend my entire life working on it, but I didn’t want to be a dictator or a king.” He likened Cardano’s trajectory to Bitcoin’s early evolution, referencing Satoshi Nakamoto’s departure from Bitcoin development as a precedent for decentralized growth.

The founder also praised the ecosystem’s increasing technical plurality, highlighting the recent node diversity workshop in Paris. There, he met with teams from Pragma, TXPipe, Blink Labs, and Harmonic—independent development groups contributing alternative node implementations to strengthen the protocol’s resilience. “It was really impressive to spend some time with them and see them,” he said. “The end result of those conversations is basically an assurance that we will have multiple independent implementations by independent teams in the Cardano ecosystem.”

In a notable moment of cross-chain collaboration, Hoskinson mentioned that even members of the Ethereum community were present at the workshop to discuss interoperability and client diversity. This broader dialogue reflects Cardano’s ambition to move beyond its insular beginnings and into a more heterogeneous blockchain environment.

While affirming Input Output Global (IOG)’s continued presence in the ecosystem, Hoskinson made clear that the organization’s prominence would now be subject to the will of the community: “You ultimately get to decide how prominent that role is […] whether it be involved in core infrastructure or simply building on top of the protocol.”

A New Era

Hoskinson also discussed the growing enthusiasm around Midnight, a new privacy-oriented blockchain protocol under the Cardano umbrella, describing it as a potential gateway for “millions of users” into the ecosystem. He portrayed hybrid applications—bridging Bitcoin, Ethereum, Solana, and Cardano to Midnight—as a promising direction for the space.

Amid these technical updates, Hoskinson’s remarks turned reflective and philosophical. At 37, he noted that he now finds himself at a liminal point—not young, not old—and is increasingly seeking fulfillment outside the crypto sphere. “I’ve been chained down for the last decade,” he admitted, referencing his ventures into ranching, synthetic biology, and even fringe endeavors like the “alien salvage expedition in Papua New Guinea.”

This upcoming venture, however, stands out in its severity. Although he declined to specify its nature, he admitted that it’s “one of the most challenging things I’ve ever done in my entire life,” and that it has been in preparation for over a year. “If I survive—which is very likely—I will record it and put it up on Twitter when I return,” he said.

Hoskinson framed the journey as both a personal test and a necessary mental reset before entering the “long brutal march” of the next Cardano era, citing Midnight, Hydra scalability, Minotaur’s AVS (Active Validator Set) ambitions, and the roadmap’s transition to full realization. “Cardano’s roadmap is the best it’s ever been,” he asserted, referencing the system’s emerging functionality as a Bitcoin DeFi platform and its commitment to scalable governance.

Yet behind the achievements lies a sense of fatigue with the broader crypto industry. Hoskinson expressed disenchantment with the market’s narrow focus on price movement at the expense of innovation and impact. “Every accomplishment doesn’t matter ]…] everything is chained to whether the price goes up or the price goes down. You have no idea how thoroughly boring that has become.”

He concluded with a reaffirmation of Cardano’s resilience and a tacit acknowledgment that his role may soon evolve. “Cardano, like Bitcoin before it, is durable. It’s here to stay. All elements of centralization have been removed… that was my life’s work, and I’m proud of that.”

At press time, ADA traded at $0.6452.

Featured image created with DALL.E, chart from TradingView.com

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Blockchain investigator ZachXBT has exposed the trader behind a series of high-risk trades on Hyperliquid, linking the activity to a UK-based individual with a history of financial crimes.

ZachXBT revealed on March 20 that the trader is allegedly William Parker, a UK citizen previously convicted of financial crimes in Finland and the UK.

Parker gained market attention after executing aggressive leveraged trades on Hyperliquid between January and March. The crypto whale claimed these trades had secured nearly $20 million in profits.

However, ZachXBT publicly accused the trader—who operates under the X handle @qwatio and the alias MELANIA—of engaging in cybercriminal activities. By the next day, Parker responded on X, denying the accusations and refuting claims that he funded his trades with stolen assets.

According to Parker:

“[ZachXBT] is wrong here. Interested to donate but by his logic he would be labelled a scammer if we do. Big problem – ability to taint an address by dusting.”

Digital trail exposes illicit links

In a detailed social media post, ZachXBT’s investigation traced Parker’s blockchain activity across significant platforms like Binance, Roobet, and Alphapo.

His analysis also suggested Parker’s X account was likely purchased, given its recent name change, prolonged inactivity, and age.

Further scrutiny revealed deeper ties to fraudulent activities. One of Parker’s followed accounts, CryptxxCatalyst, was linked to phishing scams.

The crypto investigator pointed out that blockchain records showed that in January 2025, he manipulated a casino game and targeted phishing victims.

A wallet associated with him received funds from these scams, including a $17,100 transaction. That same address was flagged as a drainer fee receiver in another exploit.

His gambling habits provided more clues. Withdrawals from four Solana-based casinos were traced to his Telegram details, helping the investigator confirm his identity.

ZachXBT also tracked a recent transaction from wallet 0xe4d3 linked to a UK phone number publicly registered under William Parker.

According to ZachXBT, Parker’s criminal history dates back over a decade. In 2023, Finnish authorities convicted him of stealing $1 million from two casinos.

Before that, he was known as Alistair Packover, later changing his name to William Peckover. In the early 2010s, he made headlines in the UK for fraud charges tied to hacking and gambling.

ZachXBT concluded:

“It is abundantly clear WP/AP has not learned his lesson over the years after serving time for fraud and will likely continue gambling.”

According to Arkham Intelligence data, a wallet associated with Parker currently holds over $23 million in digital assets.

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