PANews reported on February 7th, citing CoinPedia, that Cardano founder Charles Hoskinson revealed during a Red Days livestream that his cryptocurrency assets have lost over $3 billion due to Bitcoin falling below $66,000 and ADA dropping to $0.25 (a 92% drop from its 2021 peak). Hoskinson emphasized that he is committed to blockchain technology rather than pursuing profits, stating that money is not his motivation and he will continue to invest even after such losses.