US EditionCardano Founder Proposes Deploying $100M of ADA Treasury to Boost DeFi, Earn Yield, and Reinvest in ADA
- Charles Hoskinson unveiled Cardinal, the first decentralized finance protocol enabling Bitcoin use on Cardano, during Bitcoin 2025.
- This development followed efforts to create a trust-minimized, non-custodial cross-chain system that uses MuSig2 technology and wrapped Bitcoin UTXOs.
- Cardinal allows Bitcoin holders to lend, stake, and trade Bitcoin-linked assets on Cardano without third-party bridges or custodians, integrating with major DeFi platforms.
- Within 24 hours of Cardinal's adoption, ADA's price rose nearly 4%, and trading volume exceeded $700 million, indicating significant market impact.
- Cardinal's trust-minimized design may increase blockchain interoperability, reduce security risks from custodial bridges, and foster broader DeFi engagement.
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19 Articles
The Crypto Basic
Bitcoin Ethereum NewsCardano Founder Proposes Deploying $100M of ADA Treasury to Boost DeFi, Earn Yield, and Reinvest in ADA
Cardano founder Charles Hoskinson proposes a proactive strategy to create a self-sustaining funding loop using a portion of the ecosystem's treasury funds. Hoskinson shared the proposal during a recent AMA session while responding to a user’s request for more stablecoin liquidity within the Cardano ecosystem. Converting $100M Worth of ADA to USDM Addressing the request, Hoskinson suggested that a portion of Cardano’s treasury, which currently…
Bitcoinist
Fund CIO Warns Cardano’s Block Size Limit Is A Red Flag
Justin Bons, founder and chief investment officer of Cyber Capital, has reopened an old wound in Cardano’s scaling narrative, telling his followers on X that the network’s “arbitrary” block-size ceiling and real-world throughput of roughly 18 transactions per second (TPS) leave “no guarantee of future scale” for builders—or for institutional allocators. Cardano Faces Backlash Over 18 TPS Limit “I want to like ADA; I really do,” Bons wrote June 1…
Charles Hoskinson, CEO of that network, presented the Cardinal protocol, which promises to integrate both ecosystems. Read more
Cardano Launches Cardinal Protocol to Bridge Bitcoin DeFi
The initiative offers BTC holders new onchain opportunities while pushing Cardano toward greater cross-chain integration. Charles Hoskinson, Cardano’s founder, shared the announcement on June 9. He reshared a post from Roman Pellerin, CTO at Input Output Global (IOG), the core development team behind Cardano. First Bitcoin Ordinal Already Bridged Developers have already wrapped and unwrapped a Bitcoin ordinal across the Bitcoin and ADA mainnets.…
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