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Cardano Bridges to Bitcoin With Minswap Leading DeFi Transformation

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  • Minswap is set to become the first DEX on Cardano to enable Bitcoin trading, leveraging its strong liquidity and UTXO-based smart contract advantage.
  • Minswap holds over $83 million in TVL, representing more than 25% of Cardano’s DeFi sector and positioning it to lead in Bitcoin integration.
  • Analysts predict a bullish breakout for ADA, with price targets as high as $5.35 if resistance levels around $0.70–$0.77 are surpassed.

The largest decentralized exchange on Cardano, Minswap, is gearing up to become the first decentralized exchange on the network to enable Bitcoin trading. The transition will depend on the progress of Cardano towards Bitcoin interoperability, which is a long-awaited move that may bring native BTC to decentralized finance.

Andrew Throuvalas, the senior content manager at BitcoinOS, believes that Minswap occupies a privileged place in the Cardano ecosystem. Minswap will be the largest DEX on a UTXO-based smart contract platform, making it the natural leader in adding Bitcoin DeFi functionality.

Its technical basis and proven liquidity put it in a good position to be the first BTC-enabled DEX on ADA. According to DeFiLlama, Minswap now has more than $83.43 million in total value locked, or over a quarter of the entire Cardano DeFi sector.

Charles Hoskinson, the founder of Cardano, unveiled the Cardinal Protocol earlier this month, a Bitcoin DeFi solution that was born to enable decentralized capabilities on BTC. The protocol will enable the lending, swaps, and yield farming capabilities of Bitcoin holders on ADA.

Cardano Unlocks $1T Bitcoin DeFi Potential

The announcement of the protocol served as a breakthrough in developing cross-chain DeFi. Bitcoin, which currently has a market capitalization of $2.2 trillion, has yet to be fully utilized in DeFi because of technical impediments. Cardano proposes to address this through its extended UTXO model and off-chain computation plans to achieve smart contract execution with BTC.

Hoskinson has said that unlocking Bitcoin DeFi may represent a trillion-dollar opportunity, introducing capital efficiency to the largest digital asset. The Cardinal Protocol is considered a foundation stone of that vision, as it will provide the plumbing required to bring Bitcoin liquidity into Cardano-native dApps.

In Bitcoin DeFi, timing can become a crucial aspect of becoming a leader. The availability of Minswap and the emphasis on cross-chain capability in Cardano provide a confluence that supports early adopters. With users seeking more opportunities to utilize BTC than merely holding it, decentralized financial services platforms seem set to gain more traction.

Cardano Eyes $5.35 as ADA Tests Key Resistance

The early lead that Minswap has managed to acquire may result in an increase in trading volume, user activity, and protocol revenue. It currently has a solid market position in Cardano with $83 million TVL. By adding Bitcoin to its list of supported assets, that number may rise substantially, particularly should network activity-driven demand grow in the aftermath of the Cardinal Protocol launch.

With the infrastructure improvements in Cardano, ADA is testing a major resistance area. The token is trading right under the $0.7 mark, with analysts predicting a breakout once it surpasses the $0.77 mark. Renowned crypto analyst JavonTM1 predicts that, based on Fibonacci levels, Cardano may be aiming at $5.35 in a fresh bull run.

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Another market analyst, Ali, indicates that continued movement above $0.77 will activate a bullish trend. Prominent analyst Crypto Winkle pointed out that ADA has built strong support between 0.63 and 0.67, where it is still recovering. The token is currently testing resistance at around $0.70, an area that has monitored gains over months. Winkle added that a decisive break above $0.70 may result in a sharp move up to the $1.60 level.

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Related | Litecoin (LTC) Escapes Consolidation, Eyes $96 Resistance Break

Ethereum Just Got a Massive Win From the SEC: Here’s What It Means for Crypto

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Key Takeaways

  • SEC Chair Paul S. Atkins calls Ethereum and DeFi aligned with American values.
  • Mining, staking, and validating are no longer viewed as securities activities.
  • Innovation exemption aims to fast-track legal clarity for DeFi projects.

A pivotal moment unfolded for Ethereum and the broader DeFi sector as U.S. SEC Chair Paul S. Atkins delivered a speech that reframed the conversation around crypto regulation.

Ethereum core developer Eric Conner called it a “huge day for Ethereum and DeFi,” and rightly so. For the first time ever, a sitting Chair of the SEC publicly declared Etheruem’s underlying infrastructure, mining, validating, and staking-as-a-service, not to be securities transactions.

Atkins, appointed in a policy shift overseen by the new U.S. administration, outlined a vision focused on economic freedom, self-custody, and innovation. In his speech, “DeFi and the American Spirit,” Atkins contended that blockchain technology is yet another manifestation in the long tradition of representing American ideals, such as private property and free-market competition.

Such a stark departure from the prior stance of the SEC was apparent when he ruled that publishing staking code or wallet software is not brokerage activity, thus lifting a pall that had long hovered over open-source developers.

Atkins pointed to Ethereum as a testament to keeping the network operational during several market crises – a subtle yet significant retort to the centralized financial institutions that did collapse under pressure. If his vision could be translated into workable policy, it might set the U.S. ahead in the global crypto innovation race.

Innovation Gets a Legal Pathway

A key component of Atkins’ proposal would be the “innovation exemption.” Under this framework, DeFi projects that met certain qualifications would be able to operate legally in the interim while formal rules were being developed. It would also provide legal clarity to startups and entrepreneurs building self-executing on-chain systems.

Where previous SEC chairpersons relied heavily on litigation and speeches, Atkins pointed to a need for permanent, legislated regulation. He commissioned SEC personnel to develop a structure that would permit companies to merge with decentralized entities and not be considered intermediaries. His comments sought explicitly to define how such technology applied what remained of the securities laws.

Developers of non-custodial services and decentralized protocols would be exempt under this framework from any regulations directed at financial intermediation. By distancing infrastructure builders from conventional broker-dealers, Atkins could set a precedent that protects innovation but doesn’t compromise on consumer protections.

Ethereum Positioned at the Core of Emerging Financial System

Paul S. Atkins’ address marked a dramatic inflection point. His advocacy for self-custody, DeFi rails, and on-chain settlement puts Ethereum at the center of a new financial era. Should these reforms materialize into law, the United States may leap ahead as the dominant global hub for blockchain innovation.

Related Reading | Ethereum Surges Above $2,800 After Strong Support Rebound

Shiba Inu Upgrade Sparks Real-Time Burns, But One Metric Drops 98%

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  • Shiba Inu has launched a full Shibarium upgrade that combines trading, staking, burning, and bridging into one platform.
  • The upgrade introduces real-time token burns that are triggered automatically through on-chain transactions.
  • Precision liquidity pools now allow users to target specific price zones to maximize yield on BONE and TREAT.

Shiba Inu has launched a major Shibarium upgrade, merging trading, staking, burning, and bridging into one platform. The new rollout revamps its DeFi ecosystem with a precision-focused toolkit that optimizes user rewards and token utility. The upgrade directly affects SHIB, TREAT, BONE, and LEASH by introducing real-time features and advanced token functions.

Shiba Inu Launches Real-Time Burn Engine

The Shiba Inu team activated a real-time auto-burn mechanism to reduce the SHIB supply with each on-chain activity. Automatic token burns kick off by liquidity moves, swaps, and other ecosystem transactions, making the process more transparent and reliable. However, SHIB did not profit from the launch because the SHIB burn rate decreased by a whopping 97.99% in the past day to 208,890 SHIB.

This comes after several days in which more tokens were being incinerated due to ecosystem activity. However, the team keeps the burn efficiency focus and has already integrated it well into everyday life. A separate announcement is no longer required for Burns to happen, as these happen automatically within the system.

This is a significant change from periodic burn accounts with manual efforts to an embedded burn engine. It functions continuously across the network to seek long-term supply reduction. The Shiba Inu team confirmed that the upgrade impacts how users engage with SHIB at every step.

BONE and TREAT Gain Precision Yield Tools

The upgrade enhances user control over BONE and TREAT with precision liquidity pools for targeted price-based strategies. Now, users can fix liquidity attention on short intervals of different price bands, thereby increasing their potential for high earnings. This increases the efficient use of capital and improves trade outcomes.

Lastly, stakers also get to leverage new reward streams, including fees, protocol incentives, and automatic compounding mechanisms. They work together to eliminate constant position management. However, the toolkit keeps the high potential of reward and simplifies the complex strategies.

In addition to the upgrade, users can also exit and reenter positions without losing yield and have complete flexibility and control. With the new features, users get advanced trading mechanics behind a user-friendly interface. Active strategies will now need minimal manual effort to support on the platform.

LEASH Utility Expands Within Unified Ecosystem

LEASH benefits from the all-in-one platform that merges stake, burn, swap, and bridge features into a single interface. Users no longer need separate tools to manage the LEASH utility, streamlining its integration within the ecosystem. This increases user engagement and eliminates operational barriers.

It consolidates the two competitors’ accessibility while leaving other perks, such as position management and reward stacking, intact. LEASH holders can now perform multiple functions within one platform, making the processes efficient yet broadening usage.

Related Reading |  Cardano Whales Bought More than 120M ADA in the Past Two Days, as ADA Price Rises

Cardano Launches Cardinal Protocol: Secure and Decentralized DeFi for Bitcoin Users

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  • Cardano’s Cardinal is a DeFi protocol for Bitcoin users, providing access to lending, borrowing, and staking without centralization.
  • Unlike traditional wrapped Bitcoin, Cardinal uses MuSig2 to sign transactions with no reliance on custodians securely.
  • BitVMX enables safe BTC-to-Cardano transfers, allowing users to interact with both Bitcoin and Cardano networks seamlessly.

Cardano has introduced Cardinal, the first decentralized finance protocol for users of Bitcoin. Charles Hoskinson, founder of Cardano, announced Cardinal on June 9, giving Bitcoin users access to tools in DeFi, including lending, borrowing, and staking, without using centralized solutions. The team behind Cardano, Input Output, has introduced this new protocol, providing more options for Defi users of Bitcoin.

Cardinal takes Bitcoin’s unused outputs, also called UTXOs, and converts them into wrapped tokens. These UTXOs represent unused parts of previous Bitcoin transactions that show ownership. These wrapped Bitcoins are subject to a protocol that maintains a 1:1 ratio with the original Bitcoin. They can receive their wrapped Bitcoin back at any point, and this is a reliable and safe process that allows them to keep moving their assets.

Cardinal vs Regular Wrapped Bitcoin

The main difference between Cardinal and regular wrapped Bitcoin is its trust-minimized setup. While other systems have custodians or federated methods, Cardinal utilizes MuSig2 to allow different people to sign transactions at the same time. As a result, the original Bitcoin remains safe and secure on the original blockchain. If any user behaves dishonestly, the system is still safe.

Cardinal’s innovative take on rehypothecation stands out among the standard practices in the financial world. In several systems, custodians can reuse user assets without revealing all the details to them. Furthermore, Cardinal ensures this by placing complete asset control in users’ hands. It ensures that the original Bitcoin is kept secure, but users can still make use of DeFi services.

BitVMX is also part of the protocol, as it lets users run complex Bitcoin tasks and still keep the system decentralized. Due to this integration, asset transfers between Bitcoin and Cardano are secure and efficient. As a result, users can use Cardano’s smart contracts and Bitcoin’s scripting features to connect the two networks smoothly.

Cardano Ecosystem Growth

During the Bitcoin 2025 conference, a demonstration of transferring BTC to Cardano without a bridge was performed by BitVMX. The event showed that Cardinal could become a major part of Bitcoin applications, boosting ADA role in the growing world of DeFi.

Source: DefiLlama

Cardinal’s launch has brought many people into the ADA ecosystem, but Cardano’s TVL has gone down from $415 million in May to $334 million by June 10, as per DefiLlama data. Yet, the ADA team is confident that ADA will introduce new liquidity, enabling those holding Bitcoin to utilise DeFi services while remaining within the Bitcoin ecosystem.

Related Reading: Ethereum Price Prediction: Breakout Above $2,750 Could Push ETH to $3K

Congress Unveils New CLARITY Act Draft Impacting Crypto Regulation in 2025

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  • Congress unveils a new CLARITY Act draft aimed at providing regulatory clarity for crypto, especially DeFi and blockchain developers.
  • Developers and wallet providers not controlling networks are exempt from being classified as money transmitters, easing compliance burdens.
  • The bill also permits banks to use blockchain and digital assets while defining clear regulatory roles for the SEC and CFTC.

Congress is gearing up for significant moves in cryptocurrency regulation, as a recent draft of the CLARITY Act has just been released, setting the stage for an important markup session this Tuesday.

The updated version, formally called the Amendment like a Substitute (ANS), refines the original CLARITY Act proposal. FOX Business reporter Eleanor Terrett recently highlighted on X that this latest draft will be the focal point for the House Financial Services Committee’s discussion this week.

There are two versions of the bill in play: one from the House Financial Services Committee and another from the House Agriculture Committee. Both committees plan to review and amend their respective drafts independently before merging them into a unified final bill.

What makes this new draft particularly notable is its more crypto-friendly stance toward developers and decentralized finance (DeFi) platforms. As crypto analyst Franc Corva pointed out on X, the bill exempts blockchain developers who don’t have control over the network from being classified as money transmitters. This means many developers and wallet providers won’t face stringent regulatory burdens under this law.

Congress Backs DeFi Freedom in New Crypto Bill

Additionally, the bill protects DeFi activities and software that allow users to hold their private keys from heavy-handed regulation. Bank Secrecy Act rules would only apply to centralized intermediaries, leaving decentralized projects with more operational freedom.

The bill also introduces updated banking provisions in Sections 312(b) and (c), permitting national banks and insured state banks to utilize digital assets and blockchain technology in delivering legal services, provided they comply with existing regulations.

At its core, the CLARITY Act seeks to clearly define how U.S. laws apply to various types of cryptocurrencies, whether Bitcoin, Ethereum, stablecoins, or others. Importantly, it delineates regulatory authority between the SEC and the CFTC, offering much-needed clarity to crypto businesses about who oversees what.

This latest version is being seen as a positive development by industry insiders, providing a clearer, more predictable framework for innovation, compliance, and growth in the crypto sector.

Congress Reviews Bill to Create Strategic Bitcoin Reserve

In parallel, the U.S. Congress is also considering another groundbreaking bill, H.R. 3798, introduced by Representative Tim Burchett. This legislation aims to make the Trump administration’s vision of a strategic Bitcoin reserve official policy, potentially enabling the government to accumulate and hold Bitcoin as part of its financial assets.

The Bitcoin reserve bill is currently under review by the House Financial Services Committee. Proponents argue it could boost economic strength and accelerate crypto adoption nationwide, while critics remain cautious due to Bitcoin’s well-known price volatility.

As Congress moves forward with these measures, the crypto industry watches closely, hopeful that clearer regulations and innovative policies will help propel digital assets into the mainstream economy.

Related | Shiba Inu Teeters Near Breakdown as Resistance Holds Strong

Dogecoin (DOGE) Poised for Explosive Bullish Breakout Amid DeFi Expansion

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  • Dogecoin is showing bullish momentum after breaking out of a falling wedge pattern, signaling a potential parabolic rally if it closes above $0.26.
  • Launch of wrapped DOGE (wDOGE) on Coinbase’s Base network expands DOGE’s utility in DeFi and smart contracts.
  • Odds of a U.S. spot DOGE ETF approval by 2025 have jumped to 74%, driving increased institutional interest.

Dogecoin (DOGE), the original memecoin, spearheaded a mild retracement in the altcoin market over the past 24 hours, coinciding with Bitcoin (BTC) dipping below the $105,000 mark once again. This movement contributed to a 3% decline in the total cryptocurrency market capitalization, which now hovers around $3.4 trillion as of the late North American trading session on Wednesday.

Currently, Dogecoin (DOGE) is trading at approximately $0.1904, reflecting a 3% decrease. Despite this short-term dip, DOGE has recorded a 10% gain over the past four weeks, maintaining a fully diluted valuation of about $28 billion and a 24-hour trading volume of around $748 million.

DOGE 1D graph coinmarketcap 4 1

Dogecoin’s recent performance is underpinned by growing institutional interest, notably the anticipation surrounding the approval of a U.S.-based spot DOGE exchange-traded fund (ETF). According to Polymarket, the odds of the U.S. Securities and Exchange Commission (SEC) approving a spot Dogecoin ETF by the end of 2025 have surged to 74%, up from 37% since the inauguration of President Donald Trump. Asset managers such as Grayscale, Bitwise, and Rex Shares have filed for DOGE ETFs, signaling significant institutional engagement.

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Dogecoin Breaks Out With DeFi Momentum

Further bolstering Dogecoin’s utility, the Coinbase-backed Base network has announced the launch of wrapped DOGE (wDOGE), facilitating the memecoin’s integration into decentralized finance (DeFi) protocols and smart contracts. This development positions DOGE for increased adoption beyond its traditional use cases.

From a technical analysis perspective, Dogecoin has broken out of a falling wedge pattern on the daily chart, a bullish indicator suggesting the potential for a parabolic rally. Analysts note that a consistent close above $0.26 could set the stage for a significant upward movement, potentially surpassing the $1 mark shortly.

With Bitcoin’s dominance facing resistance around 65%, there is growing speculation about the onset of an altseason in 2025. Such a shift could see capital rotating into altcoins like Dogecoin, further amplifying their market performance.

While the broader cryptocurrency market experiences a brief cooldown, Dogecoin’s combination of institutional interest, potential ETF approval, and enhanced utility through DeFi integration positions it for a potential bullish surge. Investors and market watchers will be closely monitoring these developments as DOGE continues to evolve beyond its memecoin origins.

Related |  XRP and RLUSD Launch Triggers Financial Revolution Beyond SWIFT

SharpLink and Consensys Secure $425M to Build Largest Public Ethereum Treasury

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  • SharpLink secures $425M from Consensys, becoming largest public ETH holder globally.
  • Ethereum co-founder Joseph Lubin joins SharpLink board after $425M treasury funding.
  • SharpLink’s $425M ETH treasury to include DeFi and staking, a Nasdaq-listed first.

SharpLink Gaming revealed a $425 million private placement, allowing the company to secure Ethereum (ETH) as its main treasury reserve asset. With this transaction, SharpLink holds the largest publicly traded holder of Ethereum, prompted by a growing trend among companies to diversify into digital assets. 

The funding round, finalized on Monday, was led by Consensys Software, the blockchain firm behind MetaMask, with major participation from Galaxy Digital, Pantera Capital, Electric Capital, Arrington Capital, and several other crypto-focused investors. With the new funding, Joseph Lubin, co-founder of Ethereum and CEO of Consensys, has taken on the role of chairman of SharpLink’s board of directors. 

In a statement, Lubin said, “This partnership with SharpLink represents more than just a financial milestone: it reflects the growing recognition across capital markets that programmable assets like ETH play an important role today in how value, trust, and financial systems are structured globally.” 

The investment round was funded in both fiat currency and ETH, and includes notable venture capital firms as well as the company’s own leadership team.

Ethereum Treasury Strategy Signals Shift Among Public Companies

SharpLink’s decision to keep most of its funds in ETH is a key development in the adoption of crypto assets in the public market. With the new funds, the company will have ParaFi and Galaxy Asset Management manage its Ethereum through signed management agreements. 

This strategy allows the company to participate in protocol-level activities such as staking and decentralized finance (DeFi) mechanisms, unique to the Ethereum network.

CEO Rob Phythian stated, “With this investment, we’re not only strengthening our affiliate marketing business, but also pioneering an Ethereum-based treasury strategy by a Nasdaq-listed company.”

The company’s shift comes at a time when other companies, such as DeFi Development Corporation and Trump Media & Technology Group, have announced large crypto holdings, but SharpLink is the most prominent public company to focus solely on Ethereum. ETH currently powers the majority of stablecoin payments and DeFi activity, and holds more than 51% of the stablecoin market share, according to a Bernstein investment note.

SharpLink Shares Experience High Volatility Amid Treasury Announcement

Despite the successful funding round and new strategic direction, SharpLink shares (SBET) experienced extreme volatility. After closing at $76.70 on Friday, shares dropped more than 38% to $47.16 on Monday.

While this marks a steep fall from last week’s peak of $124, shares remain up over 1,100% from their price in late May. The recent moves reflect both investor enthusiasm for the Ethereum pivot and growing scrutiny of market risks as the company steps into uncharted territory for a Nasdaq-listed firm.

Ethereum traded near $2,532 on Monday, with analysts forecasting potential new highs if market conditions remain favorable.

Ethereum Leads Market with 46% Monthly Gains, Outperforming Bitcoin and DeFi

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  • Ethereum outperforms Bitcoin, DeFi, AI tokens, and meme coins with 46% gains in a month. 
  • Smart money is shifting to this ecosystem, as institutional investors recognize its role in DeFi, gaming, and smart contract innovation.
  • Despite monthly gains, it is still down 21.8% YTD, highlighting crypto market volatility.

In the fast-moving world of cryptocurrency, the Ethereum ecosystem is making waves, leading the market with impressive gains. A recent post by Merlin The Trader on X highlights that this ecosystem has seen a 46% increase in value over the past month and a 42% rise since the start of the month.

Ethereum Outperforms Bitcoin, DeFi, AI, and Meme Coins

This strong performance has outpaced other major crypto sectors like Bitcoin, decentralized finance (DeFi), artificial intelligence (AI) tokens, and meme coins, showing that the Ether market is currently the top player in the space.

The data shared in the post comes with a detailed table that breaks down how different crypto sectors are doing. Bitcoin, often seen as the leader of the crypto market, has a fully diluted market cap of over $2.2 trillion but only grew by 11.7% this month.

Ethereum, with a market cap of around $316 billion, far exceeded that with its 46% monthly gain. The smart contract platform sector, which includes Ethereum, grew by just 8.1%, while meme coins and DeFi tokens saw gains of 8.2% and 13.5%, respectively.

AI tokens, another popular category, rose by 14%, but that’s still well behind Ether’s performance.

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Source: X (@MerlijnTrader)

Smart Money Shifts to Ethereum Amidst Market Volatility

Merlin The Trader’s post suggests that while many investors might be overlooking Ethereum, smart money (experienced or institutional investors) is rotating into this ecosystem.

This could be due to Ethereum’s role as a foundation for many decentralized applications, like those in DeFi or gaming, which rely on its blockchain for secure and transparent transactions. The blockchain’s ability to support smart contracts makes it a go-to platform for developers building new projects.

This ecosystem’s recent surge highlights that it’s not just Bitcoin that can drive the market, other ecosystems can take the lead too. However, the table also shows that crypto can be a rollercoaster, with many sectors experiencing losses over the year.

For example, Ethereum itself is down 21.8% since the start of the year, and DeFi tokens have dropped 44.2% over the same period.

Related Reading | Cardano (ADA) Price Prediction: $7 Target Possible If Crypto Market Hits $10 Trillion

Nasdaq-Listed VivoPower Sets XRP Treasury Plan with $121M Raise Led by Saudi Prince

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  • VivoPower raised $121M to fund its XRP treasury plan, led by Saudi Prince Abdulaziz.
  • The company will buy XRP and build XRPL infrastructure after issuing 20M shares at $6.05.
  • Former Ripple Asia executive Adam Traidman joins VivoPower as chairman of its advisory board.

VivoPower International, a Nasdaq-listed energy company, has revealed a $121 million private share placement to fund its transition into a digital asset treasury strategy centered on XRP. According to the company, the fundraising was led by Saudi Prince Abdulaziz bin Turki Abdulaziz Al Saud, who invested $100 million through Eleventh Holding Company. VivoPower aims to become the first publicly traded firm to structure its corporate treasury around XRP.

According to a press release and SEC filing, the company will issue 20 million ordinary shares at $6.05 each. The offer price exceeds its prior closing price of $6.04. Following the announcement, VivoPower shares surged as much as 26% before settling with an 11% gain, trading near $6.75.

Prince Abdulaziz Leads Round to Advance XRP Ecosystem Goals

With the capital raise, VivoPower is shifting from its old strategy to focus on electric vehicle systems and renewable energy through its subsidiaries Tembo and Caret Digital. With this initiative, the company is planning to use a large amount of the available funds to accumulate XRP and improve the infrastructure for the XRP Ledger (XRPL). The purpose of this move is to place the company among other decentralized finance (DeFi) ecosystems using real-world applications tied to XRPL.

Prince Abdulaziz confirmed the investment aligns with long-standing interest in XRP. “We selected VivoPower for its commitment to XRP and its ambition to contribute to XRPL development,” he stated in the press release. He added that his investment group has been active in the digital asset space for over a decade and holds XRP as part of its core portfolio.

In addition to the Prince’s backing, the round drew participation from institutional investors, including the investment office of VivoPower Chairman Kevin Chin. The offering also attracted stakeholders familiar with blockchain and DeFi sectors.

New Advisory Board and Strategic Pivot Toward Blockchain Integration

Former SBI Ripple Asia executive Adam Traidman has joined VivoPower as chairman of the board of advisors. Traidman emphasized XRPL’s utility and signaled that the company’s pivot reflects increasing institutional adoption of blockchain-based systems. Traidman has also made a personal investment in the funding round.

Chairman Kevin Chin noted the decision stems from operational experience in cross-border transactions. He added that blockchain can play a critical role across VivoPower’s subsidiaries, particularly in logistics and payment integration. Both Tembo and Caret Digital are expected to be spun off by the end of Q3 2025.

The capital injection will also support debt reduction and core operations. VivoPower’s shareholder vote to approve the private placement is scheduled for June 18, with the deal subject to customary closing conditions. The company maintains that its XRP-centric strategy aligns with recent U.S. treasury initiatives to include digital assets such as XRP in strategic reserves.

Related Reading | Bitcoin whale activity explodes with 122,000 BTC added in six weeks

Uniswap Hit with Lawsuit Over DEX Tech: Is Its Core Model at Risk?

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  • Bprotocol Foundation and LocalCoin have filed a lawsuit against Uniswap in a New York federal court.
  • The plaintiffs allege that Uniswap has used Bancor’s patented CPAMM technology without authorization for years.
  • Bancor claims it created and patented the constant product automated market maker model in early 2017.

Uniswap faces a new legal challenge as the Bprotocol Foundation and LocalCoin file a lawsuit in New York federal court. The case alleges that Uniswap has used patented decentralized exchange (DEX) technology developed by Bancor without authorization. The lawsuit raises questions about intellectual property rights surrounding constant product automated market makers, or CPAMMs.

Bprotocol Foundation Targets Uniswap’s Use of CPAMM

The Bprotocol Foundation claims that Uniswap’s platform operates using the CPAMM structure created by Bancor in 2016. With order books replaced, this model makes automated trading a key feature of DEXs today. According to Bprotocol, a provisional patent helped secure the technology in early 2017.

Bprotocol and LocalCoin designed and introduced the Bancor Protocol, which brought CPAMM trading to decentralized finance. According to court documents, this design remains foundational to how Uniswap’s protocol executes token swaps. The plaintiffs argue that Uniswap replicated these mechanisms without licensing or credit.

The filing in the U.S. District Court for the Southern District of New York means this is a serious legal challenge for the DeFi community. Bprotocol maintains that the infringement spans several years and affects Uniswap’s core architecture. The lawsuit also emphasizes Bancor’s importance in creating systems for liquidity provision on the blockchain.

LocalCoin Accuses Uniswap of Gaining Unfair Advantage

LocalCoin, the original developer behind Bancor, joins Bprotocol in pursuing damages against Uniswap for unlicensed use of the CPAMM model. The lawsuit alleges that this usage allowed Uniswap to gain a major competitive edge within the DeFi market. LocalCoin states that this benefit was developed without giving credit or payment to the founders.

The plaintiffs argue that Uniswap’s success has come partly from implementing patented features without a licensing agreement. They say the violation negatively affected Bancor’s ability to grow and succeed within the DEX market. They are suing for damages and asking for preventive actions.

They both suggest that this case is not only about lost money but also relates to how decentralized innovation is recognized. The plaintiffs placed great emphasis on defending intellectual property as blockchain is developed. The filing is unusual in this field because it affirms patent rights in an area mainly using open-source protocols.

Team Defends Open Access to Protocol

Uniswap Labs responded by dismissing the lawsuit as meritless and stating that its protocol has remained publicly accessible since launch. They say the lawsuit will not interfere with their operations and describe it as something pulling focus from their hot DeFi sector. Uniswap emphasized its commitment to transparency and innovation.

The Uniswap Foundation also stated it would support the legal defense and reaffirmed its stance on open-source development in decentralized finance. The firm confirmed again that CPAMM is a legal mechanism that can be used without breaking any enforceable patents. It plans to continue with development even as it manages legal issues.

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