Cardano Summit 2026 cancelled after treasury vote falls…

The Cardano Foundation has confirmed it will not hold its planned 2026 summit after an onchain governance vote to fund the event narrowly failed to clear the required supermajority. The revised proposal sought 7.8 million ADA (roughly $2 million) to stage a two-day event in Singapore on October 5–6, but yes votes captured only 65.21% of participating DRep stake — just shy of the 66.67% threshold treasury withdrawals require.

By headcount the vote actually favored the summit: 135 delegates voted yes, 61 against, with 24 abstaining, and the Constitutional Committee approved it. But Cardano's governance rules require roughly two-thirds of delegated stake, not a simple majority, and the action expired unratified. The Foundation, which holds DRep voting power itself, abstained from the summit vote to avoid influencing the outcome.