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Crypto

Charles Hoskinson says Cardano technology advances but standing slips, strategy needs change

Cardano founder Charles Hoskinson said Cardano's technology has improved significantly since 2024, but its market assessment and industry standing have not kept pace. He pointed to the Ouroboros Leios upgrade as evidence of technical progress, while acknowledging weak market performance. ADA has fallen to around $0.18 from a peak of $1.31 after the 2024 U.S. election. Hoskinson also floated creating a political party to form DReps for on-chain governance participation.

Crypto

Ripple shifts RLUSD supply focus to XRP Ledger, overtakes Ethereum

Stablecoin transfers on the XRP Ledger rose 10.8 percent over the past 30 days to $4.28 billion, as RLUSD increased its dominance on the network. Total stablecoin market capitalisation on the XRP Ledger climbed 12.27 percent to $926.11 million, with RLUSD at $872 million, or 94 percent. Ripple has shifted RLUSD supply from Ethereum to the XRP Ledger through burns and issuance, and XRP Ledger now holds 55 percent of total RLUSD supply.

Mobility

Rivian spinoff Also begins first customer deliveries of electric bike after months of delays, shipments through September

Rivian spinoff micromobility startup Also will start delivering its first electric bikes after months of delays. The company said its $4,500 TM-B Launch Edition has begun shipping from the manufacturer to its U.S. warehouse, with all Launch Edition preorders set for delivery from next week through September. Also had blamed global supply chain pressure for delays and said it would not compromise on safety or quality.