DeFi

DeFi

Cardano founder Charles Hoskinson proposes converting 0M ADA to Bitcoin and stablecoins

Cardano founder Charles Hoskinson proposes converting $100M ADA to Bitcoin and stablecoins

Key Takeaways Charles Hoskinson proposes converting $100 million ADA to Bitcoin and stablecoins to enhance liquidity. Cardano’s low stablecoin-to-DeFi ratio is targeted to improve through strategic crypto conversion. Share this article Cardano co-founder Charles Hoskinson has proposed converting $100 million in ADA from the project’s treasury into stablecoins and Bitcoin to strengthen liquidity and accelerate […]

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Cardano’s 0M plan to tackle DeFi and stablecoin challenges

Cardano’s $100M plan to tackle DeFi and stablecoin challenges

The Cardano ecosystem could soon undergo a strategic treasury shift to energize its DeFi and stablecoin sectors. On June 13, the network founder Charles Hoskinson suggested allocating around $100 million worth of ADA from the network’s treasury towards a mix of stablecoins and Bitcoin. According to him: “[W]e take about a hundred million worth of ADA

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Amazon, Walmart, and Expedia consider issuing stablecoins to sidestep costly card fees: WSJ

Amazon, Walmart, and Expedia consider issuing stablecoins to sidestep costly card fees: WSJ

Key Takeaways Walmart, Amazon, and Expedia are exploring stablecoins to reduce transaction fees for card payments. The adoption of stablecoins by retailers depends on the Genius Act, which would regulate their use. Share this article Top American retailers and travel companies, including Amazon, Walmart, and Expedia, are weighing the launch of their own stablecoins to

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Solana-Linked  Billion DeFi Dream Crushed By SEC Intervention

Solana-Linked $1 Billion DeFi Dream Crushed By SEC Intervention

DeFi Development Corp. hit a major roadblock this week when the US Securities and Exchange Commission blocked its $1 billion registration filing. The move came after regulators found that the company’s Form S-3 lacked a key internal controls report tied to its 10-K. As a result, DeFi Development—formerly known as Janover—pulled the filing and said

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Circle brings USDC to Ripple’s network as XRP Ledger gears up for EVM-compatible sidechain this quarter

Circle brings USDC to Ripple’s network as XRP Ledger gears up for EVM-compatible sidechain this quarter

Key Takeaways Circle’s USDC is now supported on the XRP Ledger, offering developers seamless access without bridging. XRPL plans to launch an EVM-compatible sidechain in Q2 2025, enhancing smart contract capabilities. Share this article Circle has launched its flagship stablecoin, USD Coin (USDC), on the XRP Ledger (XRPL) mainnet, tapping into the network’s high-speed transactions

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Pyth Network Publishes Real-Time Prices for 100 Major ETFs

Pyth Network Publishes Real-Time Prices for 100 Major ETFs

Pyth Network has launched real-time price feeds for over 100 major exchange-traded funds, including products from Blackrock, State Street, and Vanguard, with onchain access to data representing more than $8 trillion in assets. New Pyth Integration Brings Live ETF Prices to DeFi Builders Pyth Network has introduced real-time exchange-traded fund (ETF) price feeds, enabling blockchain

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Ethereum Foundation releases first 1TS outlining roadmap to tackle security challenges

Ethereum Foundation releases first 1TS outlining roadmap to tackle security challenges

The Ethereum Foundation has released the first report in its most comprehensive security initiative to date, which maps the critical risks Ethereum (ETH) must address to support trillions in global on-chain value. The first Trillion Dollar Security (1TS) report outlines what individuals, institutions, and governments require to entrust significantly larger sums to the network. The

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Wall Street’s Guggenheim Treasury brings its flagship tokenized debt instrument to XRP Ledger

Wall Street’s Guggenheim Treasury brings its flagship tokenized debt instrument to XRP Ledger

Key Takeaways Major DCP issuer Guggenheim launches US Treasury-backed Digital Commercial Paper on the XRP Ledger. At its launch on Ethereum, Guggenheim issued $20 million of DCP, which received the highest credit rating from Moody’s, P-1. Share this article Guggenheim Treasury Services, one of the largest and most respected asset-backed commercial paper issuers, is bringing

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Ethereum Governance Tokens Spike as SEC Backs ‘Innovation Exemption’ for DeFi Projects

Ethereum Governance Tokens Spike as SEC Backs ‘Innovation Exemption’ for DeFi Projects

In brief Several Ethereum DeFi governance tokens rose after SEC Chair Paul Atkins said the agency would establish an “innovation exemption” for entities engaged in the crypto subsector. A DeFi-focused roundtable on Monday inspired “optimism,” a spokesperson for a research and advocacy group said. Uniswap, Aave, and Sky saw “unusually heavy” trading volume, potentially lifting

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Cardano launches Cardinal to fuse Bitcoin liquidity with DeFi ecosystem

Cardano launches Cardinal to fuse Bitcoin liquidity with DeFi ecosystem

Cardano has taken a new step in bridging the gap between Bitcoin and decentralized finance by launching Cardinal. This protocol allows the top blockchain network to interact with Cardano’s DeFi ecosystem. Cardano founder Charles Hoskinson highlighted the release on June 9, sharing a post from Roman Pellerin, Chief Technology Officer at Input Output Global (IOG),

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