Bitcoin and altcoins are experiencing significant declines due to market conditions. Overly optimistic investor behavior has contributed to recent sharp sell-offs. Continue Reading: Market Forces Drive Bitcoin and Altcoin Declines The post Market Forces Drive Bitcoin and Altcoin Declines appeared first on COINTURK NEWS .
With a crypto-friendly regime expected to take over the Securities and Exchange Commission after Donald Trump’s inauguration, Binance.US plans to reinstate its links to the U.S. banking system. In a blog post, the U.S. affiliate of top global cryptocurrency exchange Binance announced that it expects to begin allowing customers to on- and off-ramp U.S. dollars early next year. “While I can’t provide a definitive launch date yet, let me be clear: It is not a matter of if, but when,” said interim CEO Norman Reed in a Dec. 18 blog post. “As I’m writing this, we are closer than ever to restoring USD services, and our plan is to achieve this important milestone in early 2025.” To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
The post Bedrock Launches brBTC: Introducing BTCFi 2.0 — the Future of Bitcoin Staking appeared first on Coinpedia Fintech News SINGAPORE, December 20th, 2024 — Bedrock , one of the leading multi-asset restaking protocols, introduces brBTC —a transformative BTC derivative asset designed to redefine Bitcoin’s role in decentralized finance (DeFi). As Bedrock’s innovative Liquid Restaking Token (LRT), brBTC maximizes Bitcoin yield by enabling holders to deposit a variety of Bitcoin derivatives and earn rewards through a curated selection of advanced restaking protocols. BTCFi 1.0: A Foundation with Room to Grow The evolution of BTCFi began with BTCFi 1.0, which laid the groundwork for Bitcoin’s integration into DeFi. This phase introduced staking protocols that allowed Bitcoin holders to generate yields, providing a glimpse of Bitcoin’s potential in decentralized finance. However, BTCFi 1.0 also revealed key challenges: liquidity was fragmented across platforms, restaking opportunities were limited, and real-world applications remained largely untapped. A Vision for BTCFi 2.0 The launch of brBTC marks the beginning of BTCFi 2.0 —a new concept aimed at addressing current key challenges in BTCFi, such as fragmented liquidity, limited restaking opportunities, and a lack of real-world use cases. BTCFi 2.0 introduces a more unified and efficient ecosystem, providing sustainable yield strategies, enhanced security through Layer-2 (L2) solutions, and integration with collaborative platforms. Zhuling Chen , Bedrock’s Core Contributor, shared his thoughts on brBTC’s launch, “brBTC will be the catalyst for driving BTCFI into its next phase, BTCFI 2.0. It will enable multi-source yield through interoperability and help to secure and unite the fragmented liquidity in the ecosystem.” Echoing this sentiment, Calvin Zhou , another Core Contributor, added, “By enhancing Bitcoin’s utility and staking capabilities, BTCFi 2.0 and brBTC not only unlock new financial opportunities but also strengthen the overall security and resilience of the decentralized ecosystem.” brBTC: A Game-Changer for Bitcoin Yield Launching initially on Ethereum and BNB Chain, with plans to expand to additional chains, brBTC empowers investors through three core features: Unified Ecosystem brBTC addresses the challenge of market fragmentation by integrating Bitcoin seamlessly across multiple DeFi platforms. By accepting a wide range of BTC derivative assets as collateral—including WBTC, FBTC, mBTC, cbBTC, BTCB, and uniBTC —brBTC creates a cohesive and dynamic ecosystem. Collateral allocations are optimized across multiple staking protocols to ensure holders benefit from the most competitive yields. Enhanced Yield Strategies brBTC offers diversified yield-generation options, extending beyond traditional staking by leveraging restaking protocols such as Babylon, Kernel, Pell, SatLayer, Mellow, and Symbiotic . Furthermore, to further strengthen brBTC’s liquidity and expand sustainable yield opportunities, Bedrock partners with Thena and MEV Capital . These collaborations ensure a solid and well-supported ecosystem, empowering users to access competitive and scalable restaking solutions. With scalability in mind, additional protocols and partnerships will be introduced over time to enhance yield strategies and unlock even greater opportunities. Real-World Applications Engineered with versatility in mind, brBTC bridges the gap between digital assets and tangible utilities. Its applications extend to collateral in financial products, enabling microtransactions, and supporting other real-world financial needs, enhancing Bitcoin’s relevance in both DeFi and traditional finance. With BTCFi 2.0, Bedrock is pioneering a new era for Bitcoin holders, offering tools to maximize yield, navigate a more cohesive ecosystem, and explore real-world applications. Driven by innovation and collaboration, brBTC is set to play a pivotal role in shaping the future of Bitcoin in decentralized finance. About Bedrock Bedrock leads the DeFi space with its unique offerings. As the first multi-asset restaking protocol, Bedrock supports BTC, ETH, and IOTX liquid restaking. This capability allows users to unlock impressive yields, with some exceeding three digits—all while maintaining asset exposure. Bedrock has proven its dominance by providing the highest Babylon points in Cap 1 and Cap 2. Backed by notable investors like OKX Ventures and Babylon’s co-founder, Bedrock ensures robust security and seamless cross-chain functionality. Official Links Website | App | Documentation | Blog | X (Twitter) | Discord | Telegram Contact Adam Wong Head of Marketing adam@bedrock.technology
While Bitcoin (BTC) and altcoins experienced major declines, this situation was also reflected in spot Bitcoin and Ethereum ETFs. Long-standing ETF inflows gave way to outflows in the face of declines, and yesterday there was an outflow of $671.8 million in US Bitcoin ETFs. US spot Bitcoin ETFs saw their biggest net outflow since their launch on Dec. 19, data shows. According to Farside Investors data, IBIT (BlackRock ETF), EZBC (Franklin Templeton ETF) and BRRR (Valkyrie ETF) experienced 0 inflows. While FBTC (Fidelity ETF) became the ETF with the biggest outflow with $208.55 million, Fidelity was followed by BTC (Grayscale Mini ETF) with an outflow of $188.6 million. BITB (Bitwise ETF) experienced an outflow of $43.6 million, ARKB (Ark Invest ETF) $108.3 million, BTCO (Invesco ETF) $25.9 million, HODL (VanEck ETF) $10.9 million and GBTC (Grayscale ETF) $87.8 million. In the face of these outflows, only BTCW (WisdomTree ETF) experienced a small inflow of $2 million. Ethereum ETFs Also Dominate With Outflows! Apart from Bitcoin, spot Ethereum ETFs also saw big outflows. According to the data, Ethereum ETFs also experienced an outflow of $60.5 million, despite strong inflows for a while. Among Ethereum ETFs, Blackrock (ETHA), 21 Shares (CETH), and Franklin (EZET) experienced 0 inflows. The Bitwise (ETHW) ETF saw an outflow of $6.8 million, the Invesco (QETH) ETF $2.4 million, the Grayscale (ETHE) ETF $58.1 million, and the Grayscale (ETH) $3.2 million. In the face of these outflows, Fidelity (FETH) ETF experienced an inflow of $5.6 million and VanEck (ETHV) $4.9 million. *This is not investment advice. Continue Reading: Bitcoin and Ethereum ETF Entry Series Ended! Major Exits! Here is the Latest Data…
Santa Rides Shiba could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Santa Rides Shiba (SANTSHIB), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days. This is because SANTSHIB is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Santa Rides Shiba can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Santa Rides Shiba could become the next viral memecoin. Santa Rides Shiba launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Santa Rides Shiba on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Santa Rides Shiba by entering its contract address – CxpeR8vdgeVWZFwBytS7PRrXHBwVgPJWZBJUcpK3k7vT – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like SANTSHIB. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Bitcoin (BTC) is currently trading 13% below its record high of around $108,000, the most since President-elect Donald Trump won the U.S. election in early November. Since then, the largest cryptocurrency has spent several periods at 10% below the record, a level that some investors term a correction . The selling pressure originates with long-term holders (LTHs), which Glassnode defines as investors who have held bitcoin for at least 155 days. They tend to sell into price strength after accumulating bitcoin when prices are depressed. LTHs were already distributing a significant amount of BTC about a week ago, previous CoinDesk research showed. Since then, they've picked up the pace and have reduced their total holdings to about 13.2 million BTC from around 14.2 million in mid-September.On Thursday, they sold almost 70,000 BTC, the fourth-biggest one-day sell-off this year, according to Glassnode data. On the flip side, for every seller, there has to be a buyer. In this case, it's the short-term holders (STHs) who have accumulated approximately 1.3 million BTC in the same time period. The number indicates they picked up coins from the LTHs and more. In the past few days the narrative has changed and LTHs are looking to sell more than short-term traders are looking to buy. That imbalance has contributed to the price decline of around $94,500. There are 19.8 million tokens in circulating supply and another 2.8 million sitting on exchanges, though that balance continues to fall: about 200,000 bitcoin has left exchanges in the past few months. These cohorts are key to monitoring bitcoin's price activity in the next few days.
Bitcoin’s recent struggles haven’t gone unnoticed in the ETF market. Investors yanked a record $671.9 million from U.S.-listed spot Bitcoin ETFs on...
Shibarium’s latest partnership with Chainlink is set to revolutionize cross-chain interoperability for the Shiba Inu ecosystem by enabling seamless operations across multiple platforms. The integration aims to enhance DeFi efficiency
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The global market cap as a percentage of GDP now stands at 117%. It has surpassed the peaks of 2000 and 2007 and is closing in on the all-time high recorded in 2021. The world’s stock markets are now worth $100 trillion, with the United States taking center stage. U.S. stocks account for more than half of global equity markets. In the past decade alone, U.S. equities have added $40 trillion to their market value. As investors pour into the market, growth stocks have dominated the playing field, while value stocks are in the gutter. Today’s global GDP is $85 trillion, with the United States contributing $30 trillion. China and Japan follow with $17 trillion and $4 trillion, respectively. The market cap-to-GDP ratio, once at 58% during the 2008 crash, has shot up to 117%. By 2022, it was already at 106%. Growth stocks skyrocket, value stocks suffer Growth stocks have skyrocketed over the past 15 years. Since 2008, these stocks have delivered a jaw-dropping 907% return. In contrast, value stocks have only managed a 363% increase in the same period. The gap is widening. Over the last two years, growth stocks surged 94%, tripling the gains of value stocks. This has left value stocks looking cheap — and I mean dirt cheap. Relative to growth, value stocks haven’t been this affordable since the Dot-Com Bubble in 2000. The ratio of value to growth stocks has halved since the 2008 crash. It’s the worst stretch for value stocks in 42 years. Wall Street is watching closely to see if growth can keep outpacing value at this rate. The Russell 2000 index tells a grim story for small-cap stocks. It hasn’t hit a new all-time high in nearly 800 straight days. That’s the longest streak in 13 years and the third-longest in history. This year, the Russell 2000 is up 11%, but that’s far below the S&P 500’s 23% gain. Small caps remain about 10% below their November 2021 peak. The gap between small-cap and large-cap stocks is wider than ever, and the struggle is very real. Policies, profits, and recovery The roots of this market explosion go back to the 2008 financial crisis, as aforementioned. Central banks slashed interest rates to near zero and launched quantitative easing programs to pump money into the economy. The Federal Reserve bought up massive amounts of government and mortgage-backed securities, pushing up asset prices across the board. Low interest rates made stocks a no-brainer compared to bonds. Corporate profits have been another big driver. Since 2008, profit margins have hit post-World War II highs. Companies slashed costs and leveraged technology to run leaner operations. Profits are now a bigger slice of GDP than ever before. The tech sector has been the MVP here, with giants like Apple, Amazon, and Microsoft leading the charge. Their growth in cloud computing, e-commerce, and digital services has changed the market forever. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.