According to @ItsDave_ADA, Input Output completed an Ordinals-based example on the Bitcoin–Cardano path that demonstrated the feasibility of trustless cross-chain asset transfer and programmability, positioning BTC for DeFi access via Cardano’s stack, source: @ItsDave_ADA on X. According to @ItsDave_ADA, the Cardinal specification released in June 2025 defines a secure, trustless mechanism for Bitcoin holders to access DeFi by wrapping UTXOs for use cases such as staking, lending, and borrowing, source: Input Output GitHub cardinal-spec and @ItsDave_ADA on X. According to @ItsDave_ADA, Cardinal leverages Cardano’s extended UTXO model and smart contracts with BitVMX to extend Bitcoin programmability, source: Input Output GitHub cardinal-spec and @ItsDave_ADA on X. According to @ItsDave_ADA, this pathway targets tapping into what he describes as $2.2 trillion of Bitcoin liquidity as a programmable layer, source: @ItsDave_ADA on X. Traders should watch for two concrete catalysts flagged in the post: a Cardinal proof-of-concept following the Ordinals PoC and a demo of conditional BTC transfers such as release-on-delivery or market-triggered settlement, source: @ItsDave_ADA on X.

According to Dave (@ItsDave_ADA), Input Output (IOG) and Fairgate Labs are unveiling major Bitcoin DeFi advancements at the Bitcoin 2025 Conference in Las Vegas, introducing DeFi features such as lending and trustless swaps to Bitcoin via BitVMX technology. This development enables direct DeFi activity on the Bitcoin blockchain, potentially increasing Bitcoin's utility and attracting new liquidity to the ecosystem. Traders should monitor Bitcoin price action and DeFi token trends, as this innovation could drive increased on-chain activity and impact crypto market dynamics. Source: Dave (@ItsDave_ADA) on Twitter, May 27, 2025.

According to Dave (@ItsDave_ADA), Input Output (IOG) and Fairgate Labs revealed major Bitcoin DeFi advancements at the Bitcoin 2025 Conference in Las Vegas on May 27, 2025. The update introduces decentralized finance functions such as lending and trustless swaps to Bitcoin, utilizing BitVMX technology. This development significantly enhances Bitcoin’s utility beyond simple value transfer, potentially driving increased on-chain activity, liquidity, and attracting DeFi capital to the BTC ecosystem. Traders should monitor Bitcoin and related DeFi tokens for increased volatility and new trading opportunities, as the integration of these capabilities may have a ripple effect across the broader crypto market. (Source: @ItsDave_ADA on Twitter, May 27, 2025)