Mutuum Finance (MUTM) Takes on Crypto Giants: Can It Outpace Cardano (ADA) and Chainlink (LINK)?

A new challenger emerges in the smart contract arena—Mutuum Finance (MUTM) is gunning for Cardano’s scalability crown and Chainlink’s oracle dominance. With bullish momentum building, traders are watching closely.

Key moves: MUTM’s recent protocol upgrades slash gas fees by 40% versus Ethereum L1 competitors. Its cross-chain bridge now supports BNB Chain—adding fuel to its liquidity fire.

The catch? ADA and LINK still command 30x more developer activity. "It’s like watching a startup challenge Goldman Sachs," quips one skeptical quant.

Scott Bessent demands leadership on crypto as lawmakers fight over Trump’s involvement

On Wednesday, Scott also testified before the House Financial Services Committee, where crypto regulation dominated the conversation. He was asked directly why the US should lead on crypto policy. His answer was:

“We believe that the United States should be the premier destination for digital assets. And as members of this committee and the Senate are attempting to do — create good market structure around that — so that US best practices are used around the world.”

Scott was appointed by President Donald Trump in January and confirmed by the Senate. He’s also a member of the President’s Working Group on Digital Asset Markets, established under Trump’s January 23 executive order. He’s been consistent on crypto, saying the industry is “here to stay.”

But Congress can’t seem to agree on what to do next. On Monday, House Republicans introduced a discussion draft proposing a new setup for the CFTC and SEC, with rules around disclosures and oversight.

But many Democrats walked out of the hearing. They held a separate roundtable on Tuesday to air their concerns over Trump’s direct involvement in the crypto space. Trump recently launched his own memecoin and backed a stablecoin through World Liberty Financial, raising questions about conflicts of interest. Rep. Angie Craig, one of the few Democrats who stayed for the hearing, said both parties have to figure this out together.

Over in the Senate, another bill focused on stablecoin regulation is scheduled for a vote on Thursday. That plan has also stalled. On Saturday, Democratic Senators Ruben Gallego, Mark Warner, Raphael Warnock, and Lisa Blunt Rochester said the bill is full of unresolved issues and warned against rushing it.

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