Cryptocurrency news

Bitcoin (BTC) $ 110,955.00
Ethereum (ETH) $ 3,985.15
Tether (USDT) $ 1.00
BNB (BNB) $ 1,163.28
XRP (XRP) $ 2.41
Solana (SOL) $ 194.45
USDC (USDC) $ 0.999801
Lido Staked Ether (STETH) $ 3,983.19
TRON (TRX) $ 0.319271
Dogecoin (DOGE) $ 0.196322
Cardano (ADA) $ 0.668405
Wrapped stETH (WSTETH) $ 4,845.68
Wrapped Bitcoin (WBTC) $ 110,867.00
Wrapped Beacon ETH (WBETH) $ 4,295.88
Figure Heloc (FIGR_HELOC) $ 1.02
Chainlink (LINK) $ 18.05
Ethena USDe (USDE) $ 1.00
Wrapped eETH (WEETH) $ 4,300.39
Bitcoin Cash (BCH) $ 522.86
Stellar (XLM) $ 0.324696
Hyperliquid (HYPE) $ 37.33
Sui (SUI) $ 2.69
Avalanche (AVAX) $ 21.95
WETH (WETH) $ 3,985.40
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
LEO Token (LEO) $ 9.67
USDS (USDS) $ 0.998526
Coinbase Wrapped BTC (CBBTC) $ 110,932.00
Hedera (HBAR) $ 0.179168
USDT0 (USDT0) $ 1.00
Litecoin (LTC) $ 95.24
Shiba Inu (SHIB) $ 0.000010
WhiteBIT Coin (WBT) $ 42.09
Mantle (MNT) $ 1.81
Monero (XMR) $ 318.96
Ethena Staked USDe (SUSDE) $ 1.20
Toncoin (TON) $ 2.22
Cronos (CRO) $ 0.157532
Polkadot (DOT) $ 3.14
Dai (DAI) $ 0.999528
Bittensor (TAO) $ 411.75
Uniswap (UNI) $ 6.57
World Liberty Financial (WLFI) $ 0.138531
Zcash (ZEC) $ 230.25
OKB (OKB) $ 176.85
Aave (AAVE) $ 242.27
MemeCore (M) $ 2.01
ChainOpera AI (COAI) $ 17.26
Bitget Token (BGB) $ 4.75
Pepe (PEPE) $ 0.000007
Ethena (ENA) $ 0.419371
NEAR Protocol (NEAR) $ 2.33
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
Jito Staked SOL (JITOSOL) $ 240.26
USD1 (USD1) $ 0.999713
PayPal USD (PYUSD) $ 0.999899
Aster (ASTER) $ 1.29
Currency One USD (C1USD) $ 1.00
sUSDS (SUSDS) $ 1.07
Aptos (APT) $ 3.50
Ethereum Classic (ETC) $ 16.28
Binance-Peg WETH (WETH) $ 3,986.62
Ondo (ONDO) $ 0.761882
Falcon USD (USDF) $ 0.997039
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 5.49
Worldcoin (WLD) $ 0.932473
POL (ex-MATIC) (POL) $ 0.195393
Story (IP) $ 6.08
HTX DAO (HTX) $ 0.000002
Binance Staked SOL (BNSOL) $ 209.34
Gate (GT) $ 15.98
USDtb (USDTB) $ 1.00
KuCoin (KCS) $ 14.07
Internet Computer (ICP) $ 3.34
Rocket Pool ETH (RETH) $ 4,559.95
Arbitrum (ARB) $ 0.327373
Provenance Blockchain (HASH) $ 0.034900
Algorand (ALGO) $ 0.196699
Pi Network (PI) $ 0.208946
BFUSD (BFUSD) $ 0.999854
Tether Gold (XAUT) $ 4,221.85
Cosmos Hub (ATOM) $ 3.34
Kelp DAO Restaked ETH (RSETH) $ 4,205.59
VeChain (VET) $ 0.018285
Wrapped BNB (WBNB) $ 1,163.29
Kaspa (KAS) $ 0.056978
StakeWise Staked ETH (OSETH) $ 4,205.17
Pudgy Penguins (PENGU) $ 0.023294
Kinetiq Staked HYPE (KHYPE) $ 37.30
Flare (FLR) $ 0.018782
Liquid Staked ETH (LSETH) $ 4,301.20
Sky (SKY) $ 0.059872
Render (RENDER) $ 2.68
Pump.fun (PUMP) $ 0.003828
Sei (SEI) $ 0.215793
Lombard Staked BTC (LBTC) $ 110,818.00
PAX Gold (PAXG) $ 4,244.07
Renzo Restaked ETH (EZETH) $ 4,226.05
Quant (QNT) $ 87.04
NEXO (NEXO) $ 1.22
Official Trump (TRUMP) $ 6.06
Syrup USDC (SYRUPUSDC) $ 1.13
Bonk (BONK) $ 0.000015
Jupiter (JUP) $ 0.361208
Binance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999772
Filecoin (FIL) $ 1.60
Solv Protocol BTC (SOLVBTC) $ 110,583.00
XDC Network (XDC) $ 0.060096
SPX6900 (SPX) $ 1.13
First Digital USD (FDUSD) $ 0.997729
PancakeSwap (CAKE) $ 3.04
Immutable (IMX) $ 0.528524
Morpho (MORPHO) $ 1.91
Mantle Staked Ether (METH) $ 4,281.52
Jupiter Staked SOL (JUPSOL) $ 222.41
Global Dollar (USDG) $ 1.00
DoubleZero (2Z) $ 0.261251
Arbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 111,477.00
Injective (INJ) $ 9.05
Celestia (TIA) $ 1.07
Fasttoken (FTN) $ 2.02
clBTC (CLBTC) $ 111,184.00
Plasma (XPL) $ 0.466611
Ripple USD (RLUSD) $ 0.999684
Stacks (STX) $ 0.454116
Lido DAO (LDO) $ 0.914077
Optimism (OP) $ 0.456460
Marinade Staked SOL (MSOL) $ 258.95
OUSG (OUSG) $ 112.94
Curve DAO (CRV) $ 0.553702
cgETH Hashkey Cloud (CGETH.HASH) $ 3,791.80
Artificial Superintelligence Alliance (FET) $ 0.289949
Aerodrome Finance (AERO) $ 0.822747
L2 Standard Bridged WETH (Base) (WETH) $ 3,985.36
Sonic (S) $ 0.189070
The Graph (GRT) $ 0.066543
Superstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.86
Stables Labs USDX (USDX) $ 1.00
Ondo US Dollar Yield (USDY) $ 1.09
FLOKI (FLOKI) $ 0.000071
Pyth Network (PYTH) $ 0.117844
Saros (SAROS) $ 0.254281
Tezos (XTZ) $ 0.608168
Kaia (KAIA) $ 0.110091
tBTC (TBTC) $ 110,794.00
Arbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,985.24
GTETH (GTETH) $ 3,987.34
Stader ETHx (ETHX) $ 4,270.01
AB (AB) $ 0.007410
Ether.fi (ETHFI) $ 1.16
USDai (USDAI) $ 1.03
Synthetix (SNX) $ 1.72
IOTA (IOTA) $ 0.144646
MYX Finance (MYX) $ 3.09
RNA (SN117) $ 4,708.96
Conflux (CFX) $ 0.112768
Beldex (BDX) $ 0.076642
Trust Wallet (TWT) $ 1.37
Dash (DASH) $ 45.68
Pendle (PENDLE) $ 3.28
Theta Network (THETA) $ 0.552409
Usual USD (USD0) $ 0.998151
Coinbase Wrapped Staked ETH (CBETH) $ 4,382.91
dogwifhat (WIF) $ 0.543018
Ethereum Name Service (ENS) $ 16.19
Swell Ethereum (SWETH) $ 4,397.71
GALA (GALA) $ 0.011425
The Sandbox (SAND) $ 0.215940
Aster Staked BNB (ASBNB) $ 1,227.85
Avalanche Bridged BTC (Avalanche) (BTC.B) $ 111,014.00
Mantle Restaked ETH (CMETH) $ 4,278.63
Starknet (STRK) $ 0.118790
Virtuals Protocol (VIRTUAL) $ 0.772060
Mantle Bridged USDT (Mantle) (USDT) $ 1.00
Aethir (ATH) $ 0.035729
BitTorrent (BTT) $ 0.00000051
Binance-Peg Dogecoin (DOGE) $ 0.196284
JasmyCoin (JASMY) $ 0.010357
Raydium (RAY) $ 1.87
SwissBorg (BORG) $ 0.508243
Decentraland (MANA) $ 0.257892
TrueUSD (TUSD) $ 0.998977
USDD (USDD) $ 1.00
Steakhouse USDC Morpho Vault (STEAKUSDC) $ 1.10
Polygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999738
Maple Finance (SYRUP) $ 0.430030
EigenCloud (prev. EigenLayer) (EIGEN) $ 1.25
Vaulta (A) $ 0.298704
Arbitrum Bridged Wrapped eETH (Arbitrum) (WEETH) $ 4,293.65
Polygon Bridged USDC (Polygon PoS) (USDC.E) $ 0.999804
Flow (FLOW) $ 0.284801
Sun Token (SUN) $ 0.023881
ether.fi Staked ETH (EETH) $ 3,980.15
Bitcoin SV (BSV) $ 22.11
Jito (JTO) $ 1.13
0G (0G) $ 2.03
Polygon PoS Bridged WETH (Polygon POS) (WETH) $ 3,985.57
Frax Ether (FRXETH) $ 3,947.66
BENQI Liquid Staked AVAX (SAVAX) $ 26.91
OriginTrail (TRAC) $ 0.831273

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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