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’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
Samson Mow reacts to Bitcoin and crypto market freefall
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.
Ethereum (ETH) price has crashed over 11% dropping under $3,300 in the last 24 hours amid selloff by the Ethereum whale entities as well as the Ethereum Foundation. With ETH falling under the crucial support of $3,500 today, there have been heavy liquidations of long positions with analysts expecting the next support around $2,800. Ethereum Whales Selloff in Massive Quantity Amid the broader crypto market crash , Ethereum whale entities have resolved to major selloff leading to negative sentiment around the asset. Blockchain analytics platform Lookonchain reported that one whale deposited 22,746 ETH, worth $77.7 million, to Binance earlier today and withdrew stablecoins in order to repay the debts on Aave and Spark. Over the last two days, this same whale has deposited a total of 31,968 ETH, valued at $122.3 million, into Binance. In another instance, a separate whale transferred 49,910 ETH, worth $170 million, to Binance in the past eight hours and subsequently withdrew $137.8 million in stablecoins. Source: Lookonchain Thus, the ongoing turbulence in the crypto market has triggered large-scale liquidations in Ethereum with investors forced to pay their debts. Following the rejection at $4,000, the ETH price has corrected more than 17.5% as of the current price. Just two days before when ETH was trading at $4,000, the Ethereum Foundation sold off another 100 ETH from its holdings. This shows a strategic sale by the Foundation at the top. Data shows that over the past year, the Ethereum Foundation has executed 32 trades, selling a total of 4,466 ETH worth approximately $12.6 million. Notably, 15 of these trades were conducted at or near market peaks, as per the data from Arkham Intelligence . Apart from Ethereum whale selloff, the spot Ethereum ETFs saw $60 million in outflows on Thursday after several days of consecutive inflows. Grayscale’s ETHE contributed to a majority of the outflows at $58 million. Will ETH Price Crash to $2,800 Again? Crypto market analysts have turned bearish on Ethereum expecting the ETH price to drop $2,800 and a bit below for re-accumulation. Popular crypto analyst Caleb Franzen shared an inverse head-and-shoulders pattern for Ethereum showing that it’s on a downward trajectory to hit another low of $3,000, and could bounce off from there to $4,000 levels. “Now that we’re getting rejected at the YTD highs, all I see is the opportunity to produce the final phase of the inverse head & shoulders setup,” he noted. Source: Caleb Franzen This year in 2024, Ethereum has largely underperformed other altcoins testing investors’ patience. However, the Ethereum bulls believe that once ETH crosses $4,100, the surge to an all-time high will be very fast. Popular crypto analyst Ted Pillows noted: “$4K seems like the new $1.4K for Ethereum. In the 2020-21 cycle, ETH got rejected from $1,400 several times before a successful breakout. Right now, the same thing is happening with the $4K level, but there’ll be a breakout soon. Once $ETH closes above $4.1K, a new ATH will happen in no time”. Despite Ethereum whale selloff, the Ethereum options data from Deribit shows that not everything is bad for ETH at the moment. A total of 173,000 ETH options expired recently, carrying a notional value of $590 million. The options featured a Put/Call ratio of 0.5, indicating a higher volume of bullish call positions compared to bearish puts. The max pain price—a level where most options lose value—is at $3,750, reflecting a key area of interest for traders and market participants. As of press time, the Ethereum price is trading 11.21% down at $3,264 levels with its market cap falling under $400 billion. As per the Coinglass data , the open interest dropped by 10.53% slipping under $25 billion. The 24-hour liquidation has also surged to $226 million of which $198 million is in long liquidation. The post Will Ethereum Whale Selloff Trigger ETH Price Crash Under $2,800? appeared first on CoinGape .
As the crypto market soars to unprecedented levels, investors are seeking affordable digital assets with immense growth potential. With major cryptocurrencies reaching new heights, attention turns to promising tokens priced under a dollar that could yield significant returns in this thriving landscape. Among these contenders is XYZVerse (XYZ), a pioneering memecoin uniting sports fans, aiming for exponential growth by blending meme culture with athletic passion in a community-driven ecosystem. The All-Sports Meme Token You Can’t Afford to Bench! XYZ is your exclusive VIP pass to a sports-driven, meme-fueled revolution. Think of it as the MVP of the XYZVerse ecosystem, where degens can score big off the growing demand for meme coins Picture this: Polymarket hitting $1 billion in trading volume during the US presidential election – now throw in the hype of meme coins and the thrill of sports betting. With millions of sports fans ready to hit the field and cash in the XYZVerse ecosystem is set to keep expanding – and your rewards will slam dunk through the roof! >>>XYZ presale is your first-quarter chance to get in before the mind-blowing explosion! In 2024, meme coins are the undisputed champions of the crypto world, and XYZ is set to crush the competition. With potential thousand-fold returns that will blow past the finish line, the presale plan draws a hefty 9,900% growth by the TGE. Forget about BOME’s 5,000% rise or WIF’s 1,000% rally – XYZ is here to outscore them all! With upcoming listings on major CEX and DEX platforms, rock-solid defense in the form of audited smart contracts, and a fully vetted team, XYZ is already ahead of the game. The first-mover advantage is key here – get in before the crowd storms the field, and you’ll be sitting on way bigger returns! >>Don’t be left on the bench – grab your XYZ tokens now and be part of the next massive crypto championship! JasmyCoin (JASMY) JasmyCoin (JASMY) is a cryptocurrency from Tokyo-based Jasmy Corporation, an Internet of Things (IoT) provider. The IoT connects devices like computers, cars, and phones, allowing them to share data. Jasmy aims to give users full control over their personal data by combining IoT and blockchain technology. On the Jasmy platform, people can securely store and share their information, turning it into personal assets. This creates a safe space where data can be exchanged between devices and services without relying on trust. In a time when data privacy matters more than ever, JasmyCoin offers something new. By decentralizing data storage and using secure systems like IPFS, Jasmy lets users own and control their data. This sets it apart from other cryptocurrencies that focus mainly on transactions. As people look to protect their information, JasmyCoin could gain attention. The crypto market is always changing, but Jasmy’s focus on data sovereignty meets a real need. This might make it attractive to those interested in projects with practical uses. Pepe (PEPE) PEPE is a new cryptocurrency that began as a joke but got serious fast. Launched on Ethereum, it’s based on Matt Furie’s Pepe the Frog meme, popular since the early 2000s. Like Dogecoin and Shiba Inu, PEPE aims to be a top meme-based cryptocurrency. With a no-tax policy and honesty about its lack of utility, PEPE is pure and simple—a memecoin. In late April to May 2023, its value soared, reaching a market cap of $1.6 billion. Early holders made huge gains, and a strong community formed. This sparked a “memecoin season,” with other meme coins experiencing big ups and downs. Many hope PEPE and others will reach new highs, especially with the upcoming Bitcoin halving. PEPE’s potential lies in its community and meme appeal. Its roadmap has three phases: first, getting noticed on CoinMarketCap and trending on Twitter; second, listings on centralized exchanges; third, major exchange listings and a “meme takeover.” Though it doesn’t offer new technology, its straightforward approach attracts some. Kaspa (KAS) Kaspa is a new cryptocurrency that’s making waves with its unique approach to blockchain technology. Unlike traditional blockchains that can get slow and congested, Kaspa uses something called the GHOSTDAG protocol. This means it doesn’t discard blocks that are created at the same time; instead, it keeps them all and orders them in a way that makes sense. As a result, Kaspa can process transactions much faster—currently one block per second, with goals to reach ten, or even a hundred, blocks per second. Its innovative design aims to reduce waiting times to nearly zero, so transactions are confirmed almost as fast as your internet connection allows. With features like quick transaction times and plans for even more improvements, Kaspa is positioning itself as a strong contender in the crypto world. Compared to other coins that struggle with scalability, Kaspa’s technology could give it an edge. The current market is always looking for cryptocurrencies that solve real problems, and Kaspa’s focus on speed and efficiency fits that trend. While the crypto market can be unpredictable, Kaspa’s unique approach might make it an interesting option to watch as the market evolves. Shiba Inu (SHIB) Shiba Inu (SHIB) is a cryptocurrency that began as a playful rival to Dogecoin. Unlike Dogecoin, SHIB operates on the Ethereum blockchain, giving it access to Ethereum’s large ecosystem. Launched in August 2020 by the anonymous Ryoshi, SHIB started with a massive supply of one quadrillion tokens. In a surprising move, half of these tokens were sent to Ethereum co-founder Vitalik Buterin. He donated a significant portion to India’s Covid relief fund and burned the rest, removing them from circulation. This act not only reduced SHIB’s supply but also boosted its standing in the crypto community. SHIB’s connection to Ethereum allows it to do more than other meme coins. It powers ShibaSwap, a place where people can trade tokens without a central authority. There are also plans for a platform for NFTs (digital collectibles) and a system where holders can help make decisions. These developments show that SHIB wants to be more useful and not just a joke. In today’s market, where investors look for coins with real-world uses, SHIB stands out. Its strong technology and active community make it attractive compared to other coins. While the crypto market can be unpredictable, SHIB’s growth and plans make it one to watch. Conclusion These under-$1 cryptos—JASMY, PEPE, KAS, and SHIB—show potential for investors. Additionally, XYZVerse (XYZ) unites sports fans in a memecoin with ambitious growth and a community-driven ecosystem. You can find more information about XYZVersus (XYZ) here: Site , Telegram , X Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses The post Top Cryptos Under $1 for Savvy Investors—5 Must-Have Picks! appeared first on Times Tabloid .
Since Donald Trump’s election victory on November 5, Bitcoin (BTC) has experienced a substantial rally, reaching record highs above $108,000. However, this momentum has recently faltered, with the cryptocurrency dropping below the critical $100,000 mark, This has prompted analysts to speculate on a potential deeper correction with some experts believing Bitcoin could dip to levels around $85,000 or even $75,000 before resuming its upward trajectory. Is It A Temporary Setback Or The Calm Before A Final Surge? Analyst Morecryptoonl highlights that the current market dynamics suggest a substantial likelihood of Bitcoin moving toward $85,000. This projection stems from the observation that the recent wave of price action lacked the strength typically seen in bullish trends, failing to reach key extension levels. The “overlapping and corrective nature” of the rally highlighted by the analyst further supports the idea that a significant pullback may be imminent. Should this scenario unfold, it could represent the last major correction of the current bull market, setting the stage for a final surge in prices. Related Reading: Ethereum To Outpace Solana In 2025, Bitwise CIO Asserts Technical analyst Rekt Capital offers a contrasting perspective, asserting that the perception of Bitcoin at $75,000 as a favorable entry point is relative to its current price of approximately $97,000. Rekt Capital further suggests that what seems like a bargain now may not have appeared as attractive when Bitcoin was previously at that level. Despite the bearish sentiment from some experts, others see the recent price correction as a significant buying opportunity. Analyst VirtualBacon argues that the market’s reaction to Bitcoin’s drop from $108,000 to $96,000 has been “exaggerated.” Is Bitcoin Preparing For New Record Highs? VirtualBacon asserts that this decline is not indicative of a market collapse but rather a healthy consolidation phase within an ongoing bull market. Historical data supports this view, as corrections of this nature often precede new highs. Key support levels, such as the weekly 21 exponential moving average (EMA) around $79,000 and the daily 200 EMA near $73,000, remain intact, suggesting that even a brief dip to these levels would not destabilize the overall bullish structure. Related Reading: 400 Billion Shiba Inu Moved: Is A SHIB Price Crash Coming? The underlying economic conditions also play a crucial role in shaping Bitcoin’s future, according to VirtualBacon. The recent Federal Reserve (Fed) actions, including a modest rate cut and a cautious approach to monetary policy, suggest a stable economic environment. While the Fed continues its policy of quantitative tightening (QT), the expectation is that this will not persist indefinitely. The rising US debt crisis is likely to necessitate a return to quantitative easing (QE), which has historically fueled bullish trends in crypto markets. In summary, the recent dip in Bitcoin’s price is viewed by many as a temporary setback rather than the end of the bull market. As long as Bitcoin maintains its position above critical support levels, the bullish trend remains intact. At the time of writing, BTC is trading at $97,720, down 3% for the 24-hour period and over 2% for the week. Featured image from DALL-E, chart from TradingView.com