Cardano's futures trading volume on Bitmex soared by 37,655% in the last 24 hours, reaching over $105.65 million, as traders prepared for the Federal Reserve's policy decision on December 10. ADA's price increased by 11% on the day, outperforming most top-10 cryptocurrencies, with a weekly gain of nearly 7%. Open interest for Cardano rose by 10.93% to $813.7 million, indicating significant leveraged buying. The ADA price surged from $0.423 to $0.489, bolstered by network developments, including a $70 million ADA treasury withdrawal proposal that received over 71% approval. Additionally, the native token NIGHT was launched as a Cardano Native Asset on December 4, with plans to transition the Midnight network to a fully decentralized mainnet.