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How Cardano Is Playing the Long Game in a Short-Term Crypto World - The Tribune

  • 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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Charles Hoskinson, CEO of that network, presented the Cardinal protocol, which promises to integrate both ecosystems. Read more

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Coingape broke the news in on Monday, June 9, 2025.
Sources are mostly out of India (1)

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