Intersect's 2026 Treasury Reserve Smart Contract has administered a cumulative total of 26.1 million USDCx, along with 4.8 million USDM and 201.67 million Cardano (ADA), through October 9. These figures represent total activity across multiple assets rather than current balances or vendor payments. Funds move from the reserve to project-specific contracts as vendors meet milestones, with the ability to pause or modify payments. Holding budgets in stablecoins like USDM helps reduce exposure to ADA price fluctuations, while USDCx requires conversion before redemption. Emergency controls exist to pause the USDCx bridge during security issues, but as of October 9, no freezes or pauses are reported.
The Intersect Reserve Contract's activity in stablecoins and Cardano provides context for cryptocurrency market trends. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 17, 2026 18:01 WIB: Out of 50 major cryptocurrencies, 9 rose and 40 fell today. Notable movers include Kusama (KSM) at Rp79.212 with a 1-day change of -3.95% and Pluang order activity showing 24% Sell / 76% Buy, SushiSwap (SUSHI) at Rp4.011 with a 1-day change of -3.86% and order activity 58% Sell / 42% Buy, and Cardano (ADA) at Rp3.997 with a 1-day change of -3.66% and order activity 14% Sell / 86% Buy, with a typical hold time on Pluang of 127 days.
Ascendis Pharma announced that the European Medicines Agency's CHMP has given a positive opinion for TransCon CNP (Navepegritid), a once-weekly treatment for achondroplasia in children aged 2 and above with open growth plates. This recommendation sup...
Ascendis Pharma announced that the European Medicines Agency's CHMP has issued a positive opinion recommending approval of TransCon CNP (navepegritide), a once-weekly treatment for achondroplasia in children aged two and older with open growth plates...
Morgan Stanley reports a 32-gigawatt electricity deficit for US data centers through 2028, a 34% shortfall even after alternative power sources. This power gap threatens AI growth as data centers need constant energy to operate. Tech analyst James Al...
Cisco's CEO highlights a networking super cycle driving strong revenue growth, with AI orders hitting $9.3B in fiscal 2026. Despite recent stock dips and margin pressures, analysts see potential upside, with a consensus price target of $136.16. To re...
Arthur Hayes, co-founder of BitMEX, linked Bitcoin's potential price rise to the size of the artificial intelligence (AI) investment bubble. Speaking on the Convergence program, he noted that major AI companies like OpenAI, Anthropic, and SpaceX are ...
