Circle has introduced cirBTC, a new wrapped Bitcoin asset on Ethereum, backed 1:1 by segregated Bitcoin custody and verified via Chainlink Proof of Reserve for transparency. Issued through Circle's Bermuda-regulated entity, cirBTC aims to appeal to institutional investors seeking clear custody and compliance standards. The asset enters a competitive market dominated by WBTC and Coinbase's cbBTC, with its success hinging on gaining liquidity and integration into major DeFi platforms. Circle leverages its existing stablecoin infrastructure to build trust and adoption for cirBTC in decentralized finance.
Ondo Finance (ONDO) saw its price increase by 7.79% over the past 24 hours, reaching $0.5782 as of September 27. The price rose from $0.5525 just one hour earlier, driven by short liquidations totaling $160,000 across Binance, Bybit, and OKX, while n...
Bitcoin Cash (BCH) and NEAR Protocol (NEAR) saw significant gains last week, rising 33% and 21% respectively, outperforming Bitcoin's 4% increase. BCH's surge coincides with CME Group's planned launch of Bitcoin Cash futures on Oct. 19, pending regul...
A total of 577,815,416 XRP tokens, valued at about $900 million, were transferred from Uphold to an unidentified wallet in seven transactions while XRP traded near $1.53. This movement coincided with a decline in exchange-side supply and a $6.76 mill...
The total cryptocurrency market capitalization rose 4% to $2.99 trillion last week, briefly surpassing $3 trillion before a slight Bitcoin pullback. Bitcoin cash (BCH) surged 34% following CME's announcement of BCH futures, while NEAR gained over 30%...
Ethena (ENA) token experienced a sharp intraday decline of 7.08%, falling from $0.2924 to $0.2717 within four hours on September 27. Despite this drop, the token still showed a slight 0.52% increase over the past 24 hours. During the same period, liq...
