Morning Edition · Sunday, July 19, 2026Published at 1:27 AM EDT · New York
Hoskinson Pitches a Plan to Put $1.6 Trillion of Idle Bitcoin to Work on Cardano
The proposal would route Bitcoin into Cardano's decentralized finance and burn a small amount of ADA on every transaction. It arrives as CoinDesk documents $1.6 billion in on-chain liquidity sitting idle and earning nothing.
Charles Hoskinson, the founder of Cardano, is promoting a plan to activate the large amount of Bitcoin that earns nothing. As crypto.news reports, his proposal targets roughly $1.6 trillion in Bitcoin that sits idle, aiming to route it into…
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Idle Bitcoin Is Pushed Toward Yield-Bearing Uses
Protocols keep competing to mobilize the large idle Bitcoin supply into yield-bearing DeFi, each time trading Bitcoin's self-custody guarantee for bridge and counterparty risk, a tension that recurs with every new scheme.
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