Sky Lend Announces WBTC Exit: New cbBTC from Coinbase to Take Its Place
TL;DR Sky proposes to withdraw WBTC from its loans and collateral due to risks associated with BitGo’s custody of the asset. The recent redistribution of BitGo’s
bitcoin (Latest Publications)
Bitcoin (BTC) is a digital currency created in 2009 by an unknown person using the alias Satoshi Nakamoto. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer Bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a publicly distributed ledger called a blockchain
ARK Invest’s Latest Report Warns of Key Bitcoin Price Levels: $46K or Bust?
TL;DR Critical Support Level: ARK Invest’s latest report emphasizes the importance of Bitcoin maintaining the $46,000 support level, marking a “make-or-break moment” for the cryptocurrency. Bearish
Coinbase Rolls Out cbBTC, Its Own Version of Wrapped Bitcoin
TL;DR Coinbase has launched cbBTC, a new version of Wrapped Bitcoin available on Ethereum and Base since September 12, 2024. cbBTC is an ERC-20 token backed
$100K Bitcoin Is Coming! No Matter Who Wins in 2024, Say Analysts
TL;DR Bitcoin’s Price Surge: Analysts predict Bitcoin will surpass $100,000 by 2025, driven by global economic conditions, regardless of the 2024 U.S. presidential election outcome. Institutional
Pendle Enters Bitcoin Yield Pools, Boosting BTCFi With Strategic Partnerships
TL;DR Pendle’s Expansion: Pendle, a DeFi protocol, has launched Bitcoin yield pools, allowing BTC holders to explore new yield strategies and broaden their options within the
Aave Proposes Integration of Coinbase’s cbBTC for Enhanced Bitcoin Liquidity on v3
TL;DR Aave proposes integrating Coinbase’s cbBTC into its v3 protocol to enhance Bitcoin liquidity and provide more options for Bitcoin holders within the Aave ecosystem. Addressing past
Bitcoin Miners Double Down! Hash Rate Nears All-Time Highs Despite Slumping Revenues
TL;DR Hash Rate Nears All-Time Highs: Bitcoin miners are pushing the network’s hash rate to unprecedented levels, showcasing their commitment to network security despite economic pressures.
Merlin Chain Introduces a Decentralized Bridge for Bitcoin Assets
TL;DR Strategic Partnership: Merlin Chain joins forces with BitcoinOS to launch the BitcoinOS Grail Bridge, a cross-chain bridge using zero-knowledge proofs (ZKP). Improved security and scalability:
Bitcoin Bounces Back Above $56K, Wiping Out $32.7M in Short Positions
TL;DR Bitcoin rebounds above $56,900 after liquidating $32.7 million in short positions, boosting market volatility. Analysts warn that BTC’s future price depends on political and economic
Kaiko Research Explains What the ‘September Effect’ Will Be Like in the Crypto Market This Year
TL;DR A rate cut by the Federal Reserve could influence the performance of risk assets such as Bitcoin. September has historically been a challenging month for
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