Cryptocurrency news

Bitcoin (BTC) $ 90,939.00
Ethereum (ETH) $ 2,999.89
Tether (USDT) $ 1.00
XRP (XRP) $ 2.20
BNB (BNB) $ 876.19
USDC (USDC) $ 0.999777
TRON (TRX) $ 0.279802
Lido Staked Ether (STETH) $ 2,999.66
Dogecoin (DOGE) $ 0.149267
Cardano (ADA) $ 0.419512
Figure Heloc (FIGR_HELOC) $ 1.03
WhiteBIT Coin (WBT) $ 58.58
Wrapped stETH (WSTETH) $ 3,660.37
Wrapped Bitcoin (WBTC) $ 90,585.00
Wrapped Beacon ETH (WBETH) $ 3,250.90
Bitcoin Cash (BCH) $ 527.59
USDS (USDS) $ 0.999834
Hyperliquid (HYPE) $ 34.26
Chainlink (LINK) $ 13.09
LEO Token (LEO) $ 9.84
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
Stellar (XLM) $ 0.253873
WETH (WETH) $ 3,000.34
Wrapped eETH (WEETH) $ 3,246.71
Monero (XMR) $ 414.46
Zcash (ZEC) $ 458.64
Ethena USDe (USDE) $ 0.999355
Coinbase Wrapped BTC (CBBTC) $ 90,910.00
Litecoin (LTC) $ 84.09
Hedera (HBAR) $ 0.144047
Avalanche (AVAX) $ 14.19
Sui (SUI) $ 1.51
Shiba Inu (SHIB) $ 0.000009
Dai (DAI) $ 0.999637
World Liberty Financial (WLFI) $ 0.159967
sUSDS (SUSDS) $ 1.08
Cronos (CRO) $ 0.107822
Ethena Staked USDe (SUSDE) $ 1.21
Toncoin (TON) $ 1.57
PayPal USD (PYUSD) $ 0.999643
Uniswap (UNI) $ 6.11
Polkadot (DOT) $ 2.27
USDT0 (USDT0) $ 0.999784
Mantle (MNT) $ 1.09
Canton (CC) $ 0.086531
Aave (AAVE) $ 188.38
Bittensor (TAO) $ 295.62
USD1 (USD1) $ 0.999318
Bitget Token (BGB) $ 3.61
NEAR Protocol (NEAR) $ 1.86
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
OKB (OKB) $ 105.63
Tether Gold (XAUT) $ 4,214.16
MemeCore (M) $ 1.28
Falcon USD (USDF) $ 0.999461
Ethena (ENA) $ 0.296186
Internet Computer (ICP) $ 4.00
Ethereum Classic (ETC) $ 13.76
Aster (ASTER) $ 1.05
Pi Network (PI) $ 0.246230
Pepe (PEPE) $ 0.000005
Jito Staked SOL (JITOSOL) $ 170.17
Binance-Peg WETH (WETH) $ 2,998.15
Solana (SOL) $ 136.72
Pump.fun (PUMP) $ 0.002894
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.69
HTX DAO (HTX) $ 0.000002
Rain (RAIN) $ 0.006901
Ondo (ONDO) $ 0.513537
Kaspa (KAS) $ 0.056864
Aptos (APT) $ 2.05
Worldcoin (WLD) $ 0.632802
Quant (QNT) $ 99.85
PAX Gold (PAXG) $ 4,246.93
POL (ex-MATIC) (POL) $ 0.134032
KuCoin (KCS) $ 10.89
syrupUSDC (SYRUPUSDC) $ 1.14
USDtb (USDTB) $ 1.00
BFUSD (BFUSD) $ 0.999125
Binance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999780
Rocket Pool ETH (RETH) $ 3,446.70
Ripple USD (RLUSD) $ 0.999710
Sky (SKY) $ 0.054547
Provenance Blockchain (HASH) $ 0.024344
Algorand (ALGO) $ 0.139423
Global Dollar (USDG) $ 0.999690
Wrapped BNB (WBNB) $ 876.16
Arbitrum (ARB) $ 0.217089
Circle USYC (USYC) $ 1.11
Official Trump (TRUMP) $ 6.03
Gate (GT) $ 10.29
Flare (FLR) $ 0.014995
Cosmos Hub (ATOM) $ 2.44
Filecoin (FIL) $ 1.62
Binance Staked SOL (BNSOL) $ 148.17
VeChain (VET) $ 0.013394
Kelp DAO Restaked ETH (RSETH) $ 3,176.30
Function FBTC (FBTC) $ 91,196.00
Lombard Staked BTC (LBTC) $ 90,897.00
Liquid Staked ETH (LSETH) $ 3,205.87
Solv Protocol BTC (SOLVBTC) $ 90,625.00
syrupUSDT (SYRUPUSDT) $ 1.11
XDC Network (XDC) $ 0.053067
Kinetiq Staked HYPE (KHYPE) $ 34.46
NEXO (NEXO) $ 0.959002
Superstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.91
First Digital USD (FDUSD) $ 0.996701
Render (RENDER) $ 1.77
Sei (SEI) $ 0.137033
Story (IP) $ 2.50
Bonk (BONK) $ 0.000010
PancakeSwap (CAKE) $ 2.35
Morpho (MORPHO) $ 1.49
Jupiter (JUP) $ 0.247799
OUSG (OUSG) $ 113.47
Janus Henderson Anemoy AAA CLO Fund (JAAA) $ 1.02
Mantle Staked Ether (METH) $ 3,256.08
Renzo Restaked ETH (EZETH) $ 3,193.24
Arbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 90,733.00
Dash (DASH) $ 56.57
clBTC (CLBTC) $ 90,635.00
Pudgy Penguins (PENGU) $ 0.010885
Ondo US Dollar Yield (USDY) $ 1.10
Artificial Superintelligence Alliance (FET) $ 0.256353
Jupiter Staked SOL (JUPSOL) $ 157.66
Polygon Bridged USDC (Polygon PoS) (USDC.E) $ 0.999800
SPX6900 (SPX) $ 0.675260
Optimism (OP) $ 0.327979
USDai (USDAI) $ 1.00
Polygon PoS Bridged DAI (Polygon POS) (DAI) $ 1.00
Aerodrome Finance (AERO) $ 0.680795
Beldex (BDX) $ 0.082301
Virtuals Protocol (VIRTUAL) $ 0.937372
Curve DAO (CRV) $ 0.428915
Starknet (STRK) $ 0.133670
StakeWise Staked ETH (OSETH) $ 3,121.63
Injective (INJ) $ 5.94
Lido DAO (LDO) $ 0.651844
Stacks (STX) $ 0.315229
tBTC (TBTC) $ 90,514.00
Marinade Staked SOL (MSOL) $ 183.22
Usual USD (USD0) $ 0.998441
AB (AB) $ 0.006016
L2 Standard Bridged WETH (Base) (WETH) $ 2,999.63
The Graph (GRT) $ 0.050418
Celestia (TIA) $ 0.628240
Tezos (XTZ) $ 0.492361
Arbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,000.15
Telcoin (TEL) $ 0.005461
USDD (USDD) $ 1.00
MYX Finance (MYX) $ 2.62
Ether.fi (ETHFI) $ 0.811778
Ultima (ULTIMA) $ 4,970.69
TrueUSD (TUSD) $ 0.996404
cgETH Hashkey Cloud (CGETH.HASH) $ 2,460.42
Mantle Bridged USDT (Mantle) (USDT) $ 1.00
IOTA (IOTA) $ 0.113551
FLOKI (FLOKI) $ 0.000048
GTETH (GTETH) $ 3,001.11
Kaia (KAIA) $ 0.078794
Stader ETHx (ETHX) $ 3,226.19
Spiko EU T-Bills Money Market Fund (EUTBL) $ 1.21
Ethereum Name Service (ENS) $ 11.59
Pendle (PENDLE) $ 2.64
Ether.Fi Liquid ETH (LIQUIDETH) $ 3,167.03
Pyth Network (PYTH) $ 0.075613
Lorenzo Wrapped Bitcoin (ENZOBTC) $ 90,454.00
Steakhouse USDC Morpho Vault (STEAKUSDC) $ 1.11
Trust Wallet (TWT) $ 1.02
GHO (GHO) $ 0.999538
Conflux (CFX) $ 0.080419
Bitcoin SV (BSV) $ 20.82
Plasma (XPL) $ 0.207139
BitTorrent (BTT) $ 0.00000042
Decred (DCR) $ 23.80
Sonic (S) $ 0.107270
The Sandbox (SAND) $ 0.155086
USDB (USDB) $ 0.996134
Sun Token (SUN) $ 0.020844
sBTC (SBTC) $ 91,779.00
Swell Ethereum (SWETH) $ 3,279.78
Basic Attention (BAT) $ 0.264529
JUST (JST) $ 0.039914
Helium (HNT) $ 2.12
Coinbase Wrapped Staked ETH (CBETH) $ 3,320.53
AINFT (NFT) $ 0.00000039
DoubleZero (2Z) $ 0.111245
Binance-Peg Dogecoin (DOGE) $ 0.149213
Merlin Chain (MERL) $ 0.363049
Flow (FLOW) $ 0.231774
dogwifhat (WIF) $ 0.375750
Avalanche Bridged BTC (Avalanche) (BTC.B) $ 90,856.00
ether.fi Staked ETH (EETH) $ 2,998.64
Olympus (OHM) $ 22.41
Fasttoken (FTN) $ 0.840938
BENQI Liquid Staked AVAX (SAVAX) $ 17.50
Ape and Pepe (APEPE) $ 0.000002
GALA (GALA) $ 0.007669
Wrapped HYPE (WHYPE) $ 34.23
JasmyCoin (JASMY) $ 0.007207

Solv Protocol launches Bitcoin staking for cbBTC holders on Base

By admin On Sep 12, 2024

Binance Labs-backed Solv Protocol is bringing Bitcoin staking to Base via the newly launched Coinbase wrapped Bitcoin token, cbBTC.

On Sept. 12, Coinbase revealed that its cbBTC token was now live on Ethereum (ETH) and the layer 2 chain Base. Solv Protocol shared news of its launch of Bitcoin (BTC) staking on Base via in a press release shared with cypto.news.

The platform says the unveiling of the cbBTC token, which is backed 1:1 by BTC holdings on Coinbase, offers another opportunity for users on Base to leverage their bitcoin in the decentralized finance market.

You might also like: eToro to cease all crypto trading except BTC, BCH, ETH

cbBTC holders to mint SolvBTC to participate in DeFi

According to Solv Protocol, cbBTC holders can tap into DeFi opportunities by minting SolvBTC. Notably, users can broaden their participation in the market by converting SolvBTC into SolvBTC.BBN, a liquid staking token offering access to further Bitcoin staking yields.

Integrating cbBTC as a reserve asset is a significant step towards unifying Bitcoin liquidity and making the Bitcoin DeFi experience more accessible to users.

Ryan Chow, co-founder of Solv Protocol.

Coinbase’s launch of cbBTC allows its BTC holders to convert assets to the new wrapped token, much like BTC holders have done with wrapped Bitcoin (WBTC).

For cbBTC, the process will involve the transfer of Bitcoin from user accounts to either Base or Ethereum addresses. The BTC converts to cbBTC and can be used across DeFi protocols such as MakerDAO (MKR), Aave (AAVE) and Compound (COMP).

Solv Protocol adds to this growing market with its liquid staking token, SolvBTC.

Other platforms offering liquid staking or restaking opportunities to the Bitcoin community include Lombard Finance, Swell, and AcreBTC.

Read more: Solv Protocol attracts over 12k BTC investment, integrates Babylon partnership

Source

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