Cardano's development arm, Input Output Group, has launched Pogun, a platform that mirrors Bitcoin assets onto the Cardano blockchain. This allows Bitcoin holders to access decentralized finance (DeFi) services like lending and yield generation without giving up control of their keys. Unlike typical token wrapping, Pogun clones Bitcoin representations on Cardano, using BitVM-powered mirroring to reduce trust risks in cross-chain bridges. The platform plans a credit market launch in Q2 2026, yield apps in Q3, and full BitVM implementation by Q4 2026, backed by a $50 million funding request. This initiative aims to unlock Bitcoin's idle liquidity while boosting Cardano's ecosystem growth.
Cardano's ADA token has fallen 50% this year amid a bear market and suffered a $10 million hack on its BNB-Cardano bridge, raising concerns about security. On-chain metrics show low transaction volumes and user activity, suggesting the blockchain is ...
Cardano experienced a dramatic 1917.11% drop in spot flows within four hours, with outflows surpassing inflows by $303,100, indicating increased buying activity despite a 4.6% price decline to $0.166. This shift in capital movement suggests traders a...
Charles Hoskinson, founder of Cardano and former Ethereum co-founder, criticized Ethereum's governance model for lacking sustainable funding and relying on a few large organizations. He advocates for more decentralized governance through token holder...
The staking market saw mixed performance this week as Hyperliquid's staked market cap fell sharply by 12.59%, contrasting with stable gains in Ethereum (+0.77%) and Solana (+0.73%). Despite strong staking participation in networks like Bittensor and ...
Cardano wallet provider SecondFi announced it will shut down its services, including the Yoroi wallet it managed, following a security breach that led to the theft of about $2.6 million worth of ADA from 374 wallets. Attackers exploited a flaw that a...
