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Blockchain developer Skyline has announced plans to deploy cAP3X, a wrapped AP3X token, on the Cardano blockchain, according to the information shared with Finbold on July 10.  The launch, developed in collaboration with the Apex Fusion Foundation, will create a Cardano-native asset that provides access to the Apex Fusion ecosystem. The wrapped utility token will operate natively on Cardano (ADA), enabling interoperability between the Cardano and Apex Fusion networks. Users will be able to engage in cross-chain value transfers between the two blockchain ecosystems. Token integration and trading The cAP3X token will be compatible with Cardano wallets and DeFi protocols, with plans to establish an ADA/cAP3X trading pair and provide initial liquidity for Cardano-based decentralized exchanges. After deployment in July, users can transfer cAP3X from Cardano to PRIME Chain, Apex Fusion’s UTXO Layer 1 blockchain, using the Skyline Bridge. Once bridged to PRI...

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The banking titan JPMorgan is piloting a US dollar-backed permissioned deposit token on the Ethereum (ETH) layer-2 scaling solution built by the American crypto exchange Coinbase. In a statement, Coinbase says that JPMorgan is launching the token called JMPD on Base through its blockchain business unit Kinexys. “These are USD-denominated and backed 1:1 by deposits—combining the programmability of on-chain finance with the trust and compliance that regulated financial institutions require.” JPMorgan is launching the token to take advantage of global on-chain payment rails. The financial behemoth is joining over 200 banks, brokers, fintechs and payment providers that tap on the exchange’s crypto-as-a-service platform for their digital asset offerings. The bank plans to eventually allow its institutional clients to instantly and securely move money on-chain at any time for a fraction of a cent. JPMD is built exclusively for institutional clients, though, and is not...

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Summary: ⚈ Cardano surged 71.39% in 12 months, outperforming Apple, Nvidia, Microsoft, and Tesla ⚈ ADA also beat Bitcoin and Ethereum, despite recent rallies in both assets ⚈ Only XRP outpaced Cardano among major cryptos, with a 320.92% yearly gain Thanks to a 9.05% 24-hour rally to $0.79, Cardano’s (ADA) price performance finally matches the activity explosion on its blockchain that saw a surge in active addresses and smart contracts in 2025. Despite the reputation Cardano’s middling fortunes in the cryptocurrency market have given ADA, the token has significantly outperformed the majority of the most popular investments in the equity markets over the last 12 months. ADA 1-year price chart. Source: Finbold Cardano outperformed most popular stocks in the last year Between May 9, 2024, and May 9, 2025, Cardano rallied 71.39% from $0.46 to $0.79. Within the same time frame, one of the most popular stocks in the world, Nvidia (NASDAQ: NVDA), rose 32.25% to $...

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