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Crypto

Cardano optimism holds despite correction, focus on ETF and DeFi expansion

Cardano investors are maintaining optimism despite a recent pullback in ADA, focusing on catalysts such as potential spot ETF eligibility, DeFi growth, scalability upgrades and stronger links to Bitcoin DeFi. Grayscale’s withdrawal of an S-1 filing was a short-term negative, but Cardano is seen as meeting a key requirement in a simplified SEC review framework. The community is also backing interoperability initiatives and DeFi funding, while founder Charles Hoskinson highlighted potential TVL growth.

Crypto

XRP Ledger shifts focus from payments to stablecoin infrastructure

An assessment has emerged that XRP Ledger (XRPL) is shifting its center of gravity from a payments-focused blockchain to a stablecoin trading network. Jim Faraioli, head of crypto research at U.S. securities firm Charles Schwab, said major blockchains are becoming specialized as the crypto industry reshapes. He cited RLUSD supply data showing XRPL’s RLUSD supply in June slightly exceeded Ethereum’s, supporting the view of a stablecoin-centered evolution.

Crypto

Circle\'s institutional bitcoin collateral cirBTC back in focus, supply stuck at 40 BTC

Circle\'s bitcoin tokenisation product cirBTC is already operating on Ethereum, but its circulating supply remains at about 40 BTC. Circle highlighted the token again as a neutral collateral tool for institutions, though it has been running since June 8. Etherscan data show about 11 holder addresses, and CoinGecko lists it as preview-only and not tradable on tracked exchanges. Circle said issuance and redemption are supported via Circle Mint.