🔗 **Cardano Opens the Door to Bitcoin DeFi Through Cardinal Protocol**
🔍 **Key Points:**
* Cardano launches **Cardinal Protocol**, enabling BTC lending & staking without custodians.
* Technology: wrapped UTXO, MuSig2, and BitVMX for security & transparency.
* ADA trading volume surged to \$500 million post-launch.
* Bitcoin can now be used on MinswapDEX, SundaeSwap, and Fluid Tokens.
📉 **Technical: ADA Volume Up, Positive Sentiment**
* ADA price is trading at \$0.669 with a significant increase in volume.
* The increase in volume reflects market reaction to BTC integration.
* No major price breakout observed yet, but investor interest is rising.
📢 **Fundamental: Major Move from Cardano & Hoskinson**
* Charles Hoskinson announces new protocol via Twitter, triggering wide response.
* Cross-chain support to Ethereum, Solana, Avalanche strengthens the ecosystem.
* Included in the Nasdaq crypto index, signaling institutional interest.
🚀 **Opportunities: BTC Adoption in Cardano DeFi**
* Bitcoin can be used as collateral for loans & other DeFi activities.
* High adoption potential from non-Ethereum BTC users.
* Upcoming upgrades like zk-proof & wallet-native support could expand usage.
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#crypto #cardano #bitcoin #DeFi #interoperability
