Here are the top three news stories by U.Today from the past day.
1,250,000,000 Cardano in 24 hours, open interest flips bullish
Cardano has recently experienced a dip in both price and trading volume amid market volatility. However, ADA traders remain optimistic about the asset’s future, which is reflected in a spike in open interest. According to CoinGlass data, yesterday, Cardano’s open interest increased by 1.98% over the 24 hours period. This amounts to 1.25 billion ADA, or approximately $940.7 million, invested in the Cardano futures market by traders in the ecosystem. The largest shares of open interest are held by Binance and Bitget (over 41% combined), with $201.28 million and $192.80 million, respectively. Bybit and Gate.io ranked third and fourth, with holdings of $138.53 million and $134.07 million, respectively; their market share of Cardano’s open interest amounts to 14.72% and 14.25%. Such a high level of trading activities on these key platforms suggests that their moves could have a notable impact on the overall Cardano ecosystem.
XRP lands its first $10 million corporate acquisition
Hyperscale Data has revealed plans to buy up to $10 million worth of XRP ahead of launching a new blockchain-based lending platform expected in the third quarter of 2025. The initiative, led by its subsidiary Ault Capital Group, is focused on providing decentralized finance services specifically for U.S. public companies. XRP will serve as the main asset for a new enterprise lending platform, exclusively available to companies listed on NYSE, NYSE American and NASDAQ. The platform will allow eligible firms to borrow XRP on negotiated terms, backed by collateral or convertible into registered equity, initially in a beta version. To protect against crypto market swings, ACG intends to use XRP futures on the Chicago Mercantile Exchange. Although the project’s timeline and scale depend on market conditions and regulations, this move positions Hyperscale among the first to bring tokenized finance directly into the realm of public companies.
USDT hits crazy 80% stablecoin market milestone: Details
Paolo Ardoino, CEO of Tether, has recently taken to X platform to celebrate a significant milestone achieved by U.S. Dollar Tether (USDT). Quoting the X post by Artemis analytics platform, Ardoino wrote that USDT now accounts for 80% of all stablecoin payments. “USDT is 80% of stablecoin payments. Thanks everyone,” reads the CEO’s post. According to a document named Stablecoin Payments from the Ground Up, over the past two years, average monthly stablecoin usage (net USD-denominated value transferred) surged by 215% from $2 billion to over $6.3 billion. However, even with this rapid growth, stablecoin payments still account for only a small part of the total volume handled by traditional payment providers like Visa and Mastercard. In terms of blockchains utilized for stablecoin transfers, the first place belongs to Tron (TRX), followed by Ethereum (ETH), Binance Smart Chain (BSC) and Polygon (MATIC).
