With a 65% support rate stuck just below the threshold, the rigidity of on-chain governance can sometimes feel colder than people.

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BlockBeatNews
The Cardano 2026 Summit was canceled because a treasury funding proposal was not approved
The Cardano Foundation stated that on-chain governance voting did not reach the two-thirds threshold, and the Cardano 2026 Summit was therefore canceled. The proposal was to allocate 7.8 million ADA from the treasury for the Singapore summit, and although it received 65.21% DRep staked support and the approval of most representatives, it did not meet the 66.67% funding threshold. Founder Hoskinson and Foundation CEO Gregaard called for support before the voting deadline, but it ultimately did not pass.
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