
David
@dburgos777
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In a nutshell: The founder of Cardano says they should invest $100 million in its DeFi ecosystem to liven it up.
Charles Hoskinson, the big boss of Cardano (ADA), has thrown out an idea that has kicked up more dust than a camel race: using $100 million in ADA from the Cardano Foundation's treasury to bolster its DeFi ecosystem.
The plan? To buy Bitcoin (BTC) and native stablecoins like USDM, USDA, and IUSD. In other words, to make a move so that its DeFi doesn't look like a ghost town.
Hoskinson insists that the move won't crash the price of ADA, which is trading at $0.63, far below its peak of $3.10. According to him, the market has plenty of liquidity, and with TWAPs and OTC sales, the impact would be minimal. 0 reply
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According to on-chain analytics platform Santiment, Ethereum large holders continue to accumulate even as retail confidence wanes following the recent market dip.
Crypto prices plunged Friday, with major altcoins taking significant hits and liquidations surpassing $1 billion. At one point, Ethereum fell by more than 8%, reaching a low of $2,439. At the time of writing, ETH was barely higher, just up 0.15% in the last 24 hours to $2,532, having marked three straight days of drop since its June 11 high of $2,880.
🐳 There are currently 6,392 wallets holding between 1K and 100K Ethereum. Over the past month alone, these key whale and shark wallets have rapidly added more coins as retail traders have taken profit.
During these past 30 days, a net of +1.49M more $ETH has been accumulated by… pic.twitter.com/1hPBTuAOrL
— Santiment (@santimentfeed) June 13, 2025 0 reply
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