Tuesday, 24 Jun 2025

ADA wallet is now Bitcoin-compatible-XRP support should follow

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24 Jun 2025 11:08
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  • Cardanos Ada-Wallet now supports Bitcoin. The integration of XRP and Crisschain Defi tools are under development.
  • The XRP course and the institutional interest increase due to ETF applications and the increasing multichain use.

The Lace Wallet for Cardanos Ada-token officially introduced the support of the Bitcoin maine after a successful examination of its multi-chain upgrade. The step brings Cardanos closer to his goal, to be at the center of the multiChain interior operability.

Charles Hoskinson confirmed that the XRP compatibility is currently in development. It is a strategic step to build a cross-chain system for defi applications.

Bitcoin is live on the lace wallet

Die Lace-Wallet Bitcoin started operating with Bitcoin on the testnet in April. As Charles Hoskinson confirmed, the Update 1.24 Added the full support of the Bitcoin main network.

You can now send, receive and save Bitcoin in the Lace Wallet interface next to ADA. The update has been checked and is now ready for use.

Bitcoin can be managed without leaving the cardanosystem. This is part of the more comprehensive plan of Cardano to enable users to operate over several blockchains from a single wallet.

Future updates will add defi functions for Bitcoin. This includes support for Bitcoin bridging, private stacking and fee payments in Bitcoin within the Cardano network.

Hoskinson said that Bitcoin support was part of a long-term roadmap to Cardano To aTo make multi-chain platform. With Bitcoin Live, the focus is now on the expansion of asset management and defi services with the same interface.

XRP integration confirmed-development is running

Bitcoin is XRP the next step. The development is going to equip the Lace Wallet with full XRP support. As soon as this is complete, users can manage XRP in the same way as they are currently handling ADA and BTC on the platform.

This is part of a larger plan for building defi tools around XRP. These tools will include crosschain liquidity pools and decentralized stock exchanges that use the low fees and fast transaction times of XRP.

It’s also with that upcoming Glacier-Airdrop connected, of the midnight tokens used on Cardano’s data protection-oriented sidechain to users on several blockchains including XRP will distribute.

Cardano also checks Ripple Rlusd Stablecoin. The conversations are still going, but rlusd could have more stability in the Defi range of Bring Cardano. The network wants to attract more users from the XRP community by improving the crisschain functionality and XRP-based financial products.

With the running XRP integration Cardano is working on persuading more blockchain communities to interact within his system. The Lace multiclosal interface is positioned as a central access point for private and institutional users who manage assets via ADA, BTC and XRP.

XRP course development

Parallel to the Integration efforts have improved XRP on the technical and as far as regulation is concerned. XRP is traded in the range of $ 2.15 to $ 2.36, with an outbreak over a falling wedge. Analysts Have a price target of $ 3.63, but there are still short -term risks with a possible decline to $ 2.00 or $ 1.94 if the resistance lasts 2.80 to 3.00.

The accumulation of whales increases. Futures market data confirm this. The open interest at XRP futures rose by 40%last week, which indicates speculation.

Ripple and the US stock exchange supervision SEC had agreed on May 8th. Ripple paid $ 50 million, and $ 75 million were repaid from the trust account. The case has been completed, but the comparison grants no liability and does not represent a legal precedent.

The institutional interest grows. The SEC has approved three ETFs based on XRP futures under the Proshares Trust. The ETFs will be launched on April 30, 2025. The CME Group has also announced plans to write down XRP futures alongside BTC, ETH and SOL, which makes XRP more easily accessible in regulated markets. The chances that an XRP ETF will be approved are now 85 %after the change of management at the SEC.

The number of XRP investors has increased by 11% since the beginning of the year. Analysts are waiting for the decision of a judge to abolish the injunction from the legal proceedings in August 2024, which the legal status and that course xrp could have an impact.

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