Cardano founder's $250M medical project to close

A Wyoming medical project backed by a $250 million investment from Cardano (ADA) founder Charles Hoskinson is set to close due to financial difficulties. Hoskinson announced that he will now focus on the Cardano ecosystem and the privacy-focused blockchain Midnight. According to CryptoSlate, the medical business is scheduled to shut down at the end of July, citing over-expansion and excessive costs.