Learn Cardano Podcast

Australia's High Court has ruled that Block Earner's old Earner product was a financial product, giving crypto earn, yield and rewards providers a much clearer legal line to deal with. The episode explains why the ruling matters for Australian crypto users, why it does not mean crypto itself has been banned, and why products that promise passive returns may now need the right licences before operating in Australia.

Peter breaks down how Block Earner's Earner product worked, why the court compared it to a bank-style deposit product, and what changed after all seven High Court judges agreed the product required a financial services licence. He also looks at the practical impact for users, platforms and smaller crypto companies that may face higher compliance costs or choose to leave the Australian market.

The episode then separates custodial yield products from Cardano's native delegation model. Plain Cardano staking keeps ADA in the user's own wallet, does not pool custody with a stake pool operator, and appears to sit on the safer side of the legal line, while more complex staking services, guaranteed returns, liquid staking or pooled custody arrangements need proper legal advice.

Chapters:
0:00 Did Australia Ban Earn?
1:06 Products Needing Licences
2:12 Who Block Earner Was
3:17 Labels Do Not Matter
4:15 The High Court Ruling
5:02 Block Earner Moved On
5:31 Why Guardrails Matter
7:32 Does ADA Staking Count?
8:41 Cardano Delegation Difference
9:55 Where Staking Gets Murky
10:38 What It Means
11:27 Wrap Up

What you'll learn:
- Australia's High Court ruled that Block Earner's old Earner product was a financial product because it let users seek a return and had derivative-like exposure to crypto prices.
- Block Earner did not have the required financial services licence for Earner, but that product had already been shut down in 2022 before the case reached the High Court.
- Block Earner has since moved to a regulated model and secured an Australian Credit Licence in May 2026 for its crypto-backed lending business.
- Australian crypto platforms offering fixed earn, yield or rewards products may need licences, clearer risk disclosure and stronger compliance standards.
- The ruling does not ban crypto, seize coins or automatically outlaw every staking arrangement; it targets products that take user funds and promise returns.
- Cardano's native delegation model is materially different from custodial pooling because ADA remains in the user's wallet and never goes to the stake pool operator.
- Stake pool operators and staking service providers should get proper legal advice, especially if they custody assets, pool funds, issue liquid staking tokens or guarantee returns.

Links & References:
Block Earner becomes the first crypto company in Australia to secure an Australian Credit Licence:
- https://link.learncardano.io/4cBg4V
Australia's High Court backs regulator in Block Earner crypto yield case:
- https://link.learncardano.io/8p3G4R
ASIC successful in High Court Block Earner appeal:
- https://link.learncardano.io/JBZ86r
Australian Securities and Investments Commission v Web3 Ventures Pty Ltd:
- https://link.learncardano.io/kVaKTw

Website: https://link.learncardano.io/bQ68Rc
X/Twitter: https://link.learncardano.io/3a1Qtv

Disclaimer: This content is for educational purposes only. Nothing constitutes financial advice.

DISCLAIMER: This content is for informational and educational purposes only and is not financial, investment, or legal advice. I am not affiliated with, nor compensated by, the project discussed—no tokens, payments, or incentives received. I do not hold a stake in the project, including private or future allocations. All views are my own, based on public information. Always do your own research and consult a licensed advisor before investing. Crypto investments carry high risk, and past performance is no guarantee of future results. I am not responsible for any decisions you make based on this content.

🔗 https://www.youtube.com/watch?v=Fq8FhvxET2k

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🔗 https://learncardano.io/

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This week's Cardano news update covers AlphaGrowth's Cardano PRIME proposal going live on-chain, including the 120 million ada ask, the net change limit debate, and why DeFi growth is becoming a major treasury conversation.

Peter also looks at Ethereum researchers discussing native UTXOs, RealFi entering testnet with a real-world finance model, the latest SecondFi wallet recovery guidance, and EMURGO stepping down from the Pentad while it focuses on the SecondFi recovery process.

Chapters:
0:00 Weekly Cardano Roundup
0:41 AlphaGrowth Cardano PRIME
3:19 DRep Voting Begins
4:36 The 120M ADA Ask
5:17 Net Change Limit
7:40 Ethereum Looks At UTXO
10:16 RealFi Testnet Launch
12:05 RealFi Portfolio Model
14:11 SecondFi Wallet Guidance
16:46 Scams And Recovery Risk
17:12 EMURGO Leaves The Pentad
18:53 Wrap Up

What you'll learn:
- AlphaGrowth's Cardano PRIME proposal is live on-chain and asks for 120 million ada to support a 12-month DeFi growth programme.
- The current net change limit is a key governance constraint, with discussion around increasing it to 500 million ada.
- Ethereum researchers are exploring native UTXOs, highlighting a model Cardano has used from the beginning.
- RealFi's pre-prod testnet is live, showing a private-credit and real-world yield model for Cardano DeFi.
- SecondFi users are still being urged to follow official migration guidance carefully and watch for scams.
- EMURGO has stepped down from the Pentad and says its immediate priority is the SecondFi recovery process.

Links & References:
AlphaGrowth Proposal Announcement:
- https://link.learncardano.io/5xOoK0
AlphaGrowth Proposal On-chain voting:
- https://link.learncardano.io/b1tMio
Net Change Limit to Proposal to Increase:
- https://link.learncardano.io/OCO4gy
NCL On-chain Voting:
- https://link.learncardano.io/w1K3uK
Ethereum Road to UTXO:
- https://link.learncardano.io/ihDPzv
- https://link.learncardano.io/x3qti7
RealFi Enters Testnet:
- https://link.learncardano.io/d9gnLr
- https://link.learncardano.io/7FXsqt
SecondFi Update:
- https://link.learncardano.io/Hp0vZx
Emurgo Steps Down:
- https://link.learncardano.io/3KT4g4
Glacier Drop Resumes:
- https://link.learncardano.io/onEiOW

Website: https://link.learncardano.io/bQ68Rc
X/Twitter: https://link.learncardano.io/3a1Qtv

Disclaimer: This content is for educational purposes only. Nothing constitutes financial advice.

DISCLAIMER: This content is for informational and educational purposes only and is not financial, investment, or legal advice. I am not affiliated with, nor compensated by, the project discussed—no tokens, payments, or incentives received. I do not hold a stake in the project, including private or future allocations. All views are my own, based on public information. Always do your own research and consult a licensed advisor before investing. Crypto investments carry high risk, and past performance is no guarantee of future results. I am not responsible for any decisions you make based on this content.

🔗 https://www.youtube.com/watch?v=Fq8FhvxET2k

Subscribe to the audio podcast:
🔗 https://bit.ly/learncardano-spotify
🔗 https://apple.co/3jEPM8C
🔗 https://learncardano.io/

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We have another major update from SecondFi around the hack and also the recovery of all the funds for users that have been affected. So let's get right into this one here.

What you’ll learn:
• We have another major update from SecondFi around the hack and also the recovery of all the funds for users that have been affected.
• This is the official statement from EMURGO at the moment around the SecondFi incident.
• Now, I'll go through this summary really quickly for you guys to get to the point.
• They've engaged multiple different security firms to conduct a review, and they have patched the current vulnerability that they have ident…
• So they're not releasing all the details of it just as yet, because there may be more that I've found.
• And they do know that there are malicious actors at the moment trying to get more funds out of this particular exploit.

Chapters:
0:00 SecondFi Update From EMURGO
0:45 Official Statement Summary
1:45 Security Review & Patch
2:30 Fund Recovery Focus
3:15 Wallet Status Verification
4:10 Migration to Hardware Wallets
5:00 SecondFi Ceasing Operations
5:45 Yoroi Future Unclear
6:30 Hardware Wallet Recommendations
7:45 Next Steps This Week
8:30 Final Thoughts & Safety

Links & References:
Official statement from Emurgo on SecondFi Update:
- https://link.learncardano.io/WKofNg

📧 All my links - https://link.learncardano.io/j4yE4L

💰 Support the channel 💰
🔒 Get a hardware wallet! 🔒
🔗 Keystone Wallet https://link.learncardano.io/SWwpua 💳
🔗 Ledger Wallet https://link.learncardano.io/ZG3459

📈💰📊 Referral links
Kraken - https://link.learncardano.io/35NAWG
MEXC - https://link.learncardano.io/Xx7347
OKX - https://link.learncardano.io/yi4wpX
Coinstash AU - https://link.learncardano.io/gKMuB8

✅Check out more Cardano news and updates:
🔗 https://link.learncardano.io/lbdonS

☕ BUY ME A COFFEE ☕
🔗 https://link.learncardano.io/E6wHk0

Delegate to Our Stake Pool
Search for the pool ticker ADAOZ
🔗 https://link.learncardano.io/8eQt6m

🚀 Become a Member!!! Join this channel to get access to awesome perks! 🌟
🔗 https://link.learncardano.io/1qhahg

Members get:
🕒 Early access to all content
🎥 Exclusive members-only videos

Thanks for your support! 🙌🎉

===
DISCLAIMER:
This is educational content, not financial or legal advice. I have no affiliation with, stake in, or compensation from the project discussed. All views are my own based on public information. Do your own research and consult a licensed advisor before investing. Crypto investments carry high risk. I'm not responsible for decisions based on this content.

🔗 https://link.learncardano.io/88GnDo
===

Subscribe to the audio podcast:
🔗 Spotify https://link.learncardano.io/IbVJqj
🔗 Apple Podcasts https://link.learncardano.io/gvOCtH
🔗 LearnCardano.io https://link.learncardano.io/cQEeJd

Follow on Social:
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#cardano #ada #blockchain

Website: https://link.learncardano.io/bQ68Rc
X/Twitter: https://link.learncardano.io/3a1Qtv

Disclaimer: This content is for educational purposes only. Nothing constitutes financial advice.

DISCLAIMER: This content is for informational and educational purposes only and is not financial, investment, or legal advice. I am not affiliated with, nor compensated by, the project discussed—no tokens, payments, or incentives received. I do not hold a stake in the project, including private or future allocations. All views are my own, based on public information. Always do your own research and consult a licensed advisor before investing. Crypto investments carry high risk, and past performance is no guarantee of future results. I am not responsible for any decisions you make based on this content.

🔗 https://www.youtube.com/watch?v=Fq8FhvxET2k

Subscribe to the audio podcast:
🔗 https://bit.ly/learncardano-spotify
🔗 https://apple.co/3jEPM8C
🔗 https://learncardano.io/

Follow on Social:
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🔗 https://facebook.com/learncardano

Your staking rewards are being taxed twice.

When you receive staking rewards (ADA, ETH, SOL, etc.), the ATO treats them as ordinary income at the point you receive them. Then, when you later sell or dispose of those assets, you pay capital gains tax on the profit.

In this episode, we break down exactly how the ATO views staking rewards, airdrops, and DeFi transactions, why many people are only reporting half the story, and what the new 2027 CGT rules will change.

We also cover:
- How the ATO’s data matching program works
- Why airdrops have zero cost basis
- Why wrapping assets in DeFi counts as a disposal
- What you need to start tracking now

This is educational content only — not financial or tax advice. Always consult a qualified accountant for your personal situation.

0:00 Intro & Hook
1:50 Staking Rewards Taxed When Received
4:30 CGT When You Later Sell
7:15 ATO Data Matching Program
10:10 Airdrops & Zero Cost Basis
11:40 Key Takeaways & Wrap Up

References:
ATO Guidance on Staking Rewards and Airdrops:
- https://link.learncardano.io/FqFj1t
How to work out CGT of Crypto:
- https://link.learncardano.io/E5WvMt
- https://link.learncardano.io/AIorOi
Crypto Data Matching Protocol:
- https://link.learncardano.io/7wvlx5
Crypto asset as an investment:
- https://link.learncardano.io/4fnY3P
- https://link.learncardano.io/GmSplq

ATO Tax reform:
- https://link.learncardano.io/wUYTik

Treasury budget 2026-2027:
- https://link.learncardano.io/JJ1cWB

📧 All my links - https://link.learncardano.io/j4yE4L

💰 Support the channel 💰
🔒 Get a hardware wallet! 🔒
🔗 Keystone Wallet https://link.learncardano.io/SWwpua 💳
🔗 Ledger Wallet https://link.learncardano.io/ZG3459

📈💰📊 Referral links
Kraken - https://link.learncardano.io/35NAWG
MEXC - https://link.learncardano.io/Xx7347
OKX - https://link.learncardano.io/yi4wpX
Coinstash AU - https://link.learncardano.io/gKMuB8

✅Check out more Cardano news and updates:
🔗 https://link.learncardano.io/lbdonS

☕ BUY ME A COFFEE ☕
🔗 https://link.learncardano.io/E6wHk0

Delegate to Our Stake Pool
Search for the pool ticker ADAOZ
🔗 https://link.learncardano.io/8eQt6m

🚀 Become a Member!!! Join this channel to get access to awesome perks! 🌟

🔗 https://link.learncardano.io/1qhahg
Members get:
🕒 Early access to all content
🎥 Exclusive members-only videos
Thanks for your support! 🙌🎉

===
DISCLAIMER:
This is educational content, not financial or legal advice. I have no affiliation with, stake in, or compensation from the project discussed. All views are my own based on public information. Do your own research and consult a licensed advisor before investing. Crypto investments carry high risk. I'm not responsible for decisions based on this content.
🔗 https://www.youtube.com/watch?v=Fq8FhvxET2k
===

Subscribe to the audio podcast:
🔗 Spotify https://link.learncardano.io/IbVJqj
🔗 Apple Podcasts https://link.learncardano.io/gvOCtH
🔗 LearnCardano.io https://link.learncardano.io/cQEeJd

Follow on Social:
🔗 Follow on X: https://link.learncardano.io/sH30IF
🔗 Follow on Facebook: https://link.learncardano.io/zJdm3z

DISCLAIMER: This content is for informational and educational purposes only and is not financial, investment, or legal advice. I am not affiliated with, nor compensated by, the project discussed—no tokens, payments, or incentives received. I do not hold a stake in the project, including private or future allocations. All views are my own, based on public information. Always do your own research and consult a licensed advisor before investing. Crypto investments carry high risk, and past performance is no guarantee of future results. I am not responsible for any decisions you make based on this content.

🔗 https://www.youtube.com/watch?v=Fq8FhvxET2k

Subscribe to the audio podcast:
🔗 https://bit.ly/learncardano-spotify
🔗 https://apple.co/3jEPM8C
🔗 https://learncardano.io/

Follow on Social:
🔗 https://x.com/learncardano
🔗 https://facebook.com/learncardano

In this Cardano ADA news update, Peter covers the latest SecondFi recovery steps after the Yoroi/SecondFi wallet incident, including the asset recovery checker, support ticket process, hardware wallet migration guidance, and the temporary pause on Midnight Glacier Drop redemptions.

The episode also looks at Open USD, Brale, and the Cardano Foundation's pathway into the new stablecoin standard, plus the upcoming Catalyst pilot around stablecoins, programmable tokens, and on-chain identity. From there, Peter digs into Cardano's DeFi activity problem, treasury funding debates, the proposed 500 million ADA net change limit, Cardano Prime, and why DRep delegation matters for the next phase of governance.

This is an ecosystem update for ADA holders who want to understand what is changing across wallets, stablecoins, DeFi, treasury funding, and Cardano governance without the hype.

Chapters:
0:00 SecondFi Recovery Update
6:31 Open USD Stablecoin Standard
10:15 Brale And Catalyst Links
14:56 Cardano DeFi Revenue Debate
21:49 DRep Priorities And Proof
24:43 Treasury Net Change Limit
27:01 Cardano Prime Proposal
31:30 Find A DRep
32:20 Wrap Up

Key Takeaways:
- SecondFi has released an asset recovery checker and is directing affected users to submit support tickets while avoiding transactions from potentially compromised wallets.
- A 16 million ADA recovery fund has been allocated for users affected in the initial SecondFi wallet drain, while White Hat recovered assets are being held separately.
- Midnight Glacier Drop redemptions are temporarily suspended as a precaution while the SecondFi recovery and wallet mapping process is resolved.
- Open USD brings major payment companies, banks, and crypto infrastructure providers into a new stablecoin standard, with Cardano connected indirectly through Brale.
- The Cardano Foundation's Brale relationship and the upcoming Catalyst pilot could create a route for OUSD, stablecoins, programmable tokens, and identity tooling on Cardano.
- Cardano still needs far more on-chain activity and real revenue-generating dApps if transaction fees are to support stake pool operators over the long term.
- The proposed 500 million ADA net change limit may shape whether major initiatives such as Cardano Prime can receive treasury funding.
- DRep delegation remains important because treasury funding decisions are increasingly tied to DeFi, infrastructure, and ecosystem growth priorities.

Links & References:
SecondFi Update:
- https://link.learncardano.io/z...
Move to a Hardware Wallet:
- https://link.learncardano.io/2...
- https://link.learncardano.io/d...
SecondFi Checker App:
- https://link.learncardano.io/T...
Midnight Redeem Halted:
- https://link.learncardano.io/4...
- https://link.learncardano.io/Y...
Open Standard:
- https://link.learncardano.io/y...
- https://link.learncardano.io/O...
- https://link.learncardano.io/S...
Cardano Foundation and Brale:
- https://link.learncardano.io/t...
- https://link.learncardano.io/8...
Cardano Catalyst:
- https://link.learncardano.io/O...
Cardano Revenue:
- https://link.learncardano.io/n...
Transactions:
- https://link.learncardano.io/W...
Phil on Chain:
- https://link.learncardano.io/B...
New Net Change Limit:
- https://link.learncardano.io/O...
- https://link.learncardano.io/Y...
AlphaGrowth - Cardano Prime:
- https://link.learncardano.io/R...
Find a DRep:
- https://link.learncardano.io/u...
- https://link.learncardano.io/l...

Website: https://learncardano.io
X/Twitter: https://x.com/LearnCardano

Disclaimer: This content is for educational purposes only. Nothing constitutes financial advice.

DISCLAIMER: This content is for informational and educational purposes only and is not financial, investment, or legal advice. I am not affiliated with, nor compensated by, the project discussed—no tokens, payments, or incentives received. I do not hold a stake in the project, including private or future allocations. All views are my own, based on public information. Always do your own research and consult a licensed advisor before investing. Crypto investments carry high risk, and past performance is no guarantee of future results. I am not responsible for any decisions you make based on this content.

🔗 https://www.youtube.com/watch?v=Fq8FhvxET2k

Subscribe to the audio podcast:
🔗 https://bit.ly/learncardano-spotify
🔗 https://apple.co/3jEPM8C
🔗 https://learncardano.io/

Follow on Social:
🔗 https://x.com/learncardano
🔗 https://facebook.com/learncardano