Cardano plans to invest $19.2 million in the PRIME initiative to boost its DeFi total value locked (TVL) from $90 million to $200 million over 12 months by improving liquidity and DeFi products. The proposal includes audits, incentives, and marketing, but requires governance approval to increase treasury spending limits. Critics argue that liquidity incentives alone may not overcome deeper challenges like lack of native USDC, slow settlement, and absence of a standout DeFi application. The initiative is seen as a test of Cardano's ability to build sustainable DeFi rather than a guaranteed success.
Cardano's price surged 9.3% to $0.176 following the activation of Protocol Version 11 via the Van Rossem hard fork, marking the first major upgrade fully ratified through on-chain governance. The upgrade introduced new smart contract features and sec...
The Midnight Foundation reported an attack on the Wanchain bridge that connects Cardano and BNB Chain, prompting several exchanges to freeze assets linked to the incident as a precaution. The exact details of the exploit, the attacker's identity, and...
Bitcoin surged past $66,000 following news that the US Clarity Act, which aims to clarify cryptocurrency regulations, is closer to becoming law. The legislation would distinguish cryptocurrencies as commodities or securities, providing clearer rules ...
Cardano is preparing for its next network upgrade called Van Rossum, tied to node version 11. ADA holders do not need to move or restake funds as balances and staking persist through the hard fork. The upgrade requires stake pool operators, exchanges...
Cryptocurrency prices are fluctuating with Bitcoin trading above $65,000, showing a 1.33% increase. Ethereum and several altcoins such as UNI, PI, and ONDO have posted gains ranging from 3% to over 16%, indicating selective investor interest in certa...
