Wrapped Bitcoin
Wrapped Bitcoin Risks: Why Institutions Focus on Rehypothecation
Wrapped BTC products like cirBTC face scrutiny over rehypothecation risks and reserve transparency. Learn why institutions care about segregated collateral.
Circle's cirBTC Targets Institutional DeFi Collateral Market
Circle's cirBTC offers 1:1 BTC-backed collateral for DeFi, aiming for institutional-grade standards with real-time reserve verification.
Circle’s cirBTC Aims to Redefine Wrapped Bitcoin Neutrality
Circle introduces cirBTC, offering institutional-grade wrapped Bitcoin with real-time reserve verification, targeting neutrality in onchain markets.
wBTC Supply Hits 9-Month Low After Major Burn
The supply of wrapped Bitcoin (wBTC) has hit its lowest point since May 2021 following a significant burn of 11,500 wBTC linked to Celsius. The current total supply of wBTC stands at 164,396, with a monthly growth rate of -7.39%. wBTC is an ERC-20 token that mirrors the value of Bitcoin and is pegged 1:1 with its price. It is managed by the decentralized autonomous organization wBTC DAO.
DeFi Reaches Record High of $13.7 Billion in Total Value Locked
The decentralized finance sector has reached a new all-time high of $13.69 billion in total value locked (TVL).
Bringing Bitcoin to Ethereum: Wrapped Bitcoin Surpasses $1 Billion in Total Value Locked
Decentralized finance (DeFi) keeps booming as one of its Bitcoin tokenization protocols recently skyrocketed by 900% in a span of two months.