Trump-Backed World Liberty Financial Swaps Its cbBTC for WBTC After Sun Joins as Adviser
The swap took place Wednesday, the same day BiT Küresel lost a court case seeking to prevent Coinbase delisting WBTC.
Hawkish Fed Has Bitcoin Market Showing Strongest Bias for Downside Protection in 3 Months
Short-term BTC puts are in demand after hawkish Fed dented the bullish sentiment in risk assets.
Bitcoin’s Nosedive to Under $100K Shaves $700M Crypto Longs, XRP Drops 5%
XRP and DOGE futures recorded an unusually high $70 million in liquidations, indicative of rising speculative activity in majors.
‘DeFi on Bitcoin’ Gets a Boost as BOB L2 Integrates $6B BTC Staking Protocol Babylon
The integration allows BOB, a “hybrid L2,” to use Bitcoin as its anchor chain where transactions with assets from other chains can be irreversibly recorded.
The Protocol: Solana’s Allure for Devs; Avalanche’s Big Upgrade
Also: ENS picks tech for its L2; Bitcoin’s Runes Get an AMM
Deutsche Bank’s L2 Blockchain to Be ‘Public and Permissioned,’ Says Tech Partner
The banking giant is building a rollup on Ethereum using Matter Labs’ ZKsync technology.
Fed Cuts Interest Rates by 25 Basis Points, Bitcoin Slips Below $104K on Hawkish Tone
The price of bitcoin, already lower from yesterday, dipped below $104,000 in the minutes following the announcement.
Kraken’s Ink Layer-2 Goes Live
The team had originally planned for Ink to go live in early 2025, so the launch of the main network is ahead of schedule.
Financial
Trump Administration Has Already Unlocked ‘New Era’ for U.S. Crypto: JPMorgan
The worst regulatory environment for crypto markets is behind us, the report said.
WBTC Episode ‘Reopened Old Wounds’ of Centralized Failures: Bitcoin Builders Association
The venture between BitGo and BiT Küresel provided a reminder of the distrust many BTC holders still have for centralized custody, according to a new report