The post ADA Price Rises on Cardano’s Bitcoin, XRP News appeared on BitcoinEthereumNews.com.

Cardano’s ADA token has jumped 5% following major interoperability announcements. The news includes upcoming XRP support for the Lace wallet and a new Bitcoin DeFi protocol. The ADA price is now testing key resistance near $0.71 as the market digests the news. Cardano Founder Charles Hoskinson has let bygones be bygones with a major two-pronged strategy to position Cardano as a central hub for cross-chain interoperability, announcing both upcoming XRP support for the Lace wallet and a revolutionary new protocol designed to bring Bitcoin DeFi to the ecosystem. The move underscores Cardano’s larger ambition to become a decentralized financial operating system that can connect disparate blockchain networks. The announcements signal a significant step forward in bringing two of the industry’s largest communities, Bitcoin and XRP, directly into the Cardano environment.  Related: Cardano Contributor Criticizes In-Person Budget Summits; Hoskinson Responds: “Not Everything Is a Cabal” A Bridge to XRP: Lace Wallet Continues Multi-Chain Expansion In a recent AMA session, Hoskinson confirmed that XRP support would soon be integrated into Lace, the light wallet developed by Input Output Global (IOG).  Launched in April 2023, Lace has been on a steady multi-chain journey, having already integrated Bitcoin testnet support in June 2024. The addition of XRP marks the next phase of its evolution into a robust, multi-chain gateway. Cardano Releases “Cardinal” Protocol for Bitcoin DeFi In a parallel announcement, Hoskinson also introduced the Cardinal Protocol, a groundbreaking step toward enabling Bitcoin-based DeFi on Cardano. Developed by IOHK’s CTO Romain Pellerin, Cardinal allows Bitcoin UTXOs to be “wrapped” into DeFi-enabled assets on Cardano that can be staked, lent, or used as collateral. Unlike traditional wrapped BTC models that rely on custodians or federated networks, Cardinal uses MuSig2 multisig cryptography and BitVMX-powered off-chain logic to create a trust-minimized, verifiable DeFi ecosystem. These wrapped assets maintain…

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Filed under: News - @ June 10, 2025 1:29 pm