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Cardano Founder Says Bitcoin On ADA Could Trigger Open DeFi Floodgates For Billions
Yahoo Finance· 2025-10-01 18:31
Core Insights - Cardano is preparing to integrate Bitcoin functionality, which could attract billions in liquidity to its network [1][9] - A dedicated team is working on "Bitcoin DeFi," allowing users to transact, pay fees, and earn yield in Bitcoin using Cardano's infrastructure [2][9] - Cardano's extended UTXO framework positions it as a scalable alternative to Ethereum and Solana, potentially capturing part of the $4 trillion Bitcoin market [3][4] Market Position - The integration of Bitcoin into Cardano's ecosystem could unlock significant capital from the largely untapped Bitcoin market, enhancing its DeFi capabilities [8][9] - If successful, this initiative could shift the dynamics of DeFi, elevating its growth potential beyond that of Ethereum alone [9][10] Technical Analysis - Cardano's ADA token is currently trading around $0.79, with key support at $0.76 and resistance at $0.82 [1][6] - The token's price is consolidating after a drop from the $0.90 region, with potential breakout levels at $0.83, $0.86, and $0.93 [6][7] - The RSI near 46 indicates neutral momentum, suggesting a range-bound price action until a breakout occurs [7]
Hester Peirce’s DoubleZero note hailed as ‘flashing green light’ for DeFi
Yahoo Finance· 2025-10-01 09:17
Core Insights - The SEC's recent no-action decision for the decentralized crypto project DoubleZero indicates a shift towards more engagement with digital asset projects, providing a positive signal for the industry [1][3] - This decision sets a precedent that certain tokens can operate outside of securities law, encouraging growth and integration of digital assets into mainstream finance [2][3] - The SEC's new approach is seen as a break from previous regulatory practices that were characterized by delays and enforcement actions [3] Regulatory Perspective - Commissioner Hester Peirce stated that tokens used for rewarding participants providing services like storage or bandwidth do not meet the definition of securities [4] - The SEC's focus on DePIN projects highlights that tokens distributed as compensation for real-world services are not considered investment contracts [4][5] - Peirce emphasized that these tokens are functional incentives aimed at encouraging infrastructure development rather than traditional securities [5] Market Impact - The clarity provided by the SEC is expected to accelerate growth in the DePIN sector, which could expand from $30-50 billion today to $3.5 trillion by 2028 [6]
X @Token Terminal @ TOKEN2049 🇸🇬
Token Terminal 📊· 2025-09-30 17:26
Apps on @solana host ~$38.9B in user assetsSOL trades at a ~3.34x multiple on its ecosystem TVLTop 5 categories & apps by TVL:1) stablecoins, liquid staking, lending, DEXs & RWAs2) Circle, Jupiter, Kamino, Jito & Sanctum https://t.co/Bl4tkreSHQ ...
Bitcoin DeFi Project BOB, LayerZero Enable BTC Transfers Across 11 Major Blockchains
Yahoo Finance· 2025-09-30 13:00
Core Insights - The decentralized finance (DeFi) protocol Build on Bitcoin (BOB) has launched a system allowing Bitcoin holders to transfer assets into decentralized trading applications with a single click [1] - The "BOB Gateway" connects native Bitcoin to LayerZero's "omnichain fungible token" (OFT) version of wrapped Bitcoin (wBTC), facilitating access to nearly 15,000 decentralized applications across 11 blockchains [2][6] Group 1 - The BOB Gateway simplifies the process of connecting Bitcoin to various blockchains, eliminating complex bridging processes that previously posed technical and security challenges [3] - This integration enables easier participation in yield farming and looping trades, making these strategies more accessible to both retail and institutional investors [3][4] - The potential influx of capital from native Bitcoin could enhance DeFi's liquidity, security, and overall market maturity [4] Group 2 - Over $2.3 billion worth of wBTC.OFT has been bridged through LayerZero, indicating significant activity and demand for wrapped Bitcoin [5] - The BOB Gateway is expected to bring fresh liquidity into DeFi markets that utilize wrapped Bitcoin as collateral or trading pairs [5] - The rollout of the BOB Gateway includes major blockchains such as Ethereum, Avalanche, and Base, covering a substantial portion of the current DeFi landscape [6]
Sonic Token Surges 7% as CMCC Global Launches $25M Ecosystem Fund
Yahoo Finance· 2025-09-30 10:23
Core Insights - The Sonic (S) token experienced a 7% price increase, adding over $50 million to its market capitalization in one day, following the launch of a $25 million fund by CMCC Global to support the Sonic ecosystem [1][2] - The fund, named "Resonance," aims to enhance liquidity and promote sustainable revenue models for developers within the Sonic network [2][3] Fund Details - CMCC Global's new fund is designed to accelerate growth in innovative DeFi protocols and consumer applications on the Sonic network [1] - The fund's launch resulted in a 70% increase in 24-hour trading volume, reaching $126 million, with the current trading price of S around $0.26 and a market cap of $750 million [2] Institutional Interest - The new CEO of Sonic Labs, Mitchell Demeter, expressed optimism about the fund's potential to support builders and innovators, indicating growing institutional interest in Sonic's long-term prospects [3] Network Growth - Since its launch in December, Sonic has achieved significant milestones, including major exchange listings and integration with Chainlink's CCIP [4] - Sonic has approved a $150 million expansion strategy to enhance its presence in the U.S., which includes a $50 million ETF initiative and a $100 million investment program [4] Price Analysis - Technical indicators suggest a recovery in the S price, with the RSI moving out of oversold territory and potential bullish momentum if it surpasses key resistance levels around $0.28 and $0.33 [5] - Bollinger Bands indicate a price rebound from the lower band, suggesting a possible reversal towards mid-band resistance around $0.28 [5]
Can PancakeSwap Hit $4? CAKE Price Analysis Amid Polygon zkEVM sunset
Yahoo Finance· 2025-09-30 10:15
Had the CAKE price extended gains from the first half of September, it would have made for a truly remarkable month for PancakeSwap. Even after the dip in the third week, CAKE crypto buyers have still managed to post solid gains overall. At spot rates, the CAKE price is up a respectable +9% from its September lows. Local support holds firm around $2.30, while resistance sits at $3.20, the monthly high. Beyond the raw price action, candlestick patterns signal overall resilience, fostering a bullish environ ...
Deep Dive — What is Omniston? Why it’s key to TON DeFi, and how liquidity providers benefit
Medium· 2025-09-30 01:52
Core Insights - Omniston is a liquidity-aggregation engine designed for the TON ecosystem, combining automated market makers (AMMs) and active market-maker quoting through a Request-for-Quote (RFQ) model to enhance trading experiences in DeFi [1][2][4] Group 1: Omniston Overview - Omniston functions as a smart router and marketplace for quotes, allowing frontends to submit RFQs that are broadcasted to various liquidity sources [2][3] - The hybrid model of Omniston allows for off-chain quote negotiation and on-chain settlement, resulting in better pricing and reduced slippage for large orders [4] Group 2: Importance of Omniston in TON DeFi - Omniston addresses liquidity fragmentation by aggregating sources, providing users with a unified depth of liquidity [5] - It facilitates large-ticket trading by allowing institutional traders to execute large orders without significant slippage [6] - The platform enhances user experience by providing accurate quotes and expected receipts, minimizing friction for everyday traders [7] - Omniston attracts professional liquidity providers by supporting RFQ and order book behaviors, making the TON ecosystem more appealing [8] - It improves capital efficiency by allowing RFQ market makers to deploy capital dynamically rather than locking it in pools [9] Group 3: Benefits for Liquidity Providers - AMM liquidity providers continue to earn fees from trades routed through Omniston while benefiting from improved volume aggregation [10][11] - RFQ providers gain capital efficiency by not needing to lock collateral, earning revenue directly from fills and managing risk more effectively [12][13] - Omniston supports referral and fee-sharing incentives, aligning growth incentives for wallets and dApps [14] Group 4: Practical Scenarios - In a scenario where a treasury executes a large swap, Omniston minimizes slippage by accepting the best quotes from market makers [15] - For illiquid token pairs, Omniston can query resolvers for OTC liquidity, making swaps feasible [16] Group 5: Technical Considerations - Resolvers must authenticate securely, and a robust network is essential to minimize latency and ensure availability [17] - Omniston employs on-chain settlement mechanisms to guarantee atomic transactions, preventing partial fills [18] Group 6: Key Takeaways - Omniston serves as an infrastructural bridge, integrating professional quoting behavior into TON while maintaining on-chain settlement [21] - It enhances usability for large traders and institutions while providing diversified revenue paths for liquidity providers [21]
Andre Cronje’s Flying Tulip Completes $200M Round, Reveals Tokenomics for Public Phase
Yahoo Finance· 2025-09-29 21:48
Flying Tulip, a new on-chain financial marketplace led by Andre Cronje, has secured $200 million in a private funding round and announced an upcoming public sale of its $FT token at the same valuation. This new initiative aims to deliver a unified market structure for digital assets, combining a native stablecoin, spot and derivatives trading, lending, and on-chain insurance in a cross-margin system designed for capital efficiency, all-in-one financial features on-chain. The funding round saw participati ...
Mutuum Finance Surpasses $16.5M in Presale Amidst September Market Volatility
Yahoo Finance· 2025-09-29 19:30
Dubai, UAE, September 29th, 2025, FinanceWire Mutuum Finance (MUTM), a newly launched DeFi project built on Ethereum, today announced that it has raised more than $16.5 million in its presale, attracting over 16,600 token holders. The presale has now reached the halfway mark of Phase 6, with over 50% of its current allocation sold at $0.035 per token ahead of the next planned increase to $0.04. The milestone comes during a period of renewed turbulence in the cryptocurrency market. In September, Bitcoin, E ...
Hyperliquid’s HyperDrive DeFi Loses $773K in Account Compromise, Funds Bridged to BNB Chain and Ethereum
Yahoo Finance· 2025-09-28 11:30
HyperDrive DeFi protocol has suffered a $773,000 exploit affecting two accounts in its Treasury Bill market, with stolen funds split between BNB Chain and Ethereum networks through bridge transfers. The attack compromised positions using Theo Network’s thBILL as collateral, prompting immediate suspension of all money markets and withdrawals across the platform. Second Major Exploit Strikes Hyperliquid Ecosystem in 72 Hours CertiK’s analysis revealed the attacker exploited an arbitrary call vulnerability ...