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Is the decline in computing power forcing mining companies to sell? Riot sells 1,820 Bitcoins in December, setting a new record
4m ago
Data: 2803 BNB transferred to ListaDAO, worth approximately $2.47 million
4m ago
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Cardano founder proposes to restructure $100 million ADA reserve for enhancing Decentralized Finance ecosystem.
Gate News bot message, according to CoinDesk, Cardano founder Charles Hoskinson has proposed a reserve restructuring plan. He suggested converting a $100 million ADA reserve into Bitcoin and Cardano’s native stablecoins USDM and USDA, aiming to strengthen the Decentralized Finance and stablecoin ecosystem.
Hoskinson pointed out that the conversion operation will not cause drastic fluctuations in market prices. He also mentioned that currently only 10% of the TVL in relation to stablecoin issuance “is killing Cardano.” Data shows that the total TVL on the Cardano blockchain is $356 million, with the stablecoin portion accounting for only $31 million.
Source: CoinDesk
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