vbtc

According to Bitcoin Magazine, Wall Street financial giant Cantor Fitzgerald is helping the Bitcoin sidechain and open-source decentralized network VerifiedX complete a $15 million financing round. The VerifiedX Foundation announced on Wednesday that it has raised this funding, which will be used to expand its custodial partnership with the NYSE-listed custodian BitGo and to promote the launch of its wrapped token product vBTC on centralized exchanges.Cantor Fitzgerald serves as the banking partner for this financing round, and the announcement did not disclose specific investors. VerifiedX is a Bitcoin financial operating system that offers products such as self-custody, instant settlement, programmable finance, and native Bitcoin utility. Unlike traditional wrapped tokens, when holders create vBTC, the network generates a unique native Bitcoin address within the token, allowing holders to deposit Bitcoin into that self-custody address. The tokens always remain on the Bitcoin ledger and do not leave the Bitcoin ecosystem.Cantor Fitzgerald is one of the earliest institutions on Wall Street to support Bitcoin and currently holds reserve assets for the stablecoin giant Tether's USDT product. Its former chairman and CEO Howard Lutnick served as an advisor to Trump's 2024 campaign and is currently the U.S. Secretary of Commerce.

According to market news, Solv Protocol announced the migration of over $700 million of SolvBTC and xSolvBTC from the LayerZero cross-chain bridge to Chainlink's CCIP, and the deprecation of LayerZero support on networks such as Corn, Berachain, Rootstock, and TAC.Solv stated that this move is based on the latest security review and recent cross-chain attacks, positioning CCIP as the standard cross-chain infrastructure. This migration follows Kelp DAO's shift to Chainlink after its LayerZero-based bridge suffered an attack of approximately $292 million in rsETH.

Solv Protocol official announcement, a limited vulnerability exploitation occurred in a single BRO Vault, affecting a very small number of users (fewer than 10), with an affected amount of 38.0474 SolvBTC, approximately 2.7 million USD. All other vaults and user funds remain secure and unaffected. Solv Protocol is actively investigating with security partners and has taken measures to prevent any recurrence of such incidents.Solv Protocol will cover the related losses for affected users. Additionally, the official has reached out to the hacker, offering a 10% white hat bounty if the funds are returned promptly.

ChainCatcher news, GAIB, in collaboration with Sei, CIAN, Takara, and Solv, has launched the SolvBTC Vault, introducing AI-driven returns for Bitcoin assets.Users only need to deposit SolvBTC into the CIAN Vault once, and the system will automatically execute the fund allocation process, including:Pledging SolvBTC to TakaraAutomatically lending USDC/USDTThe borrowed funds will be directly invested in the GAIB vaultEarn 5x Spice points and real returns from GPU computing powerAt the same time, users can receive a reward equivalent to 5% of Sei chain rewards, covering borrowing interest, achieving zero-cost operations while stacking multiple returns.

ChainCatcher news, the Bitcoin staking protocol Solv Protocol announced that SolvBTC and SolvBTC.LSTs have been launched on the Sonic Labs mainnet, allowing users to cross-chain their Bitcoin assets to the Sonic ecosystem.

ChainCatcher news, according to OnchainLens monitoring, a giant whale fell victim to a scam, losing 80.71 SolvBTC, worth approximately 7.8 million dollars, due to a deceptive transaction.

ChainCatcher news, the decentralized currency protocol Venus announced that SolvBTC has been included as a core pool asset, making SolvBTC the second Bitcoin asset to enter the Venus core pool after BTCB. SolvBTC is a Bitcoin reserve asset issued by the Bitcoin staking protocol Solv Protocol. Users can use SolvBTC as collateral for lending while maintaining exposure to the long-term value of Bitcoin, further enhancing its liquidity efficiency and expanding its application scenarios.

ChainCatcher news, according to CoinDesk, the Bitcoin staking platform Solv Protocol has launched a new Bitcoin staking method for cbBTC holders on Base (cbBTC is the newly launched wrapped Bitcoin by Coinbase, which has been live on Ethereum and Coinbase's Ethereum Layer 2 network Base since last week).According to the Solv team, Solv Protocol allows cbBTC tokens to be minted into SolvBTC, which can further be converted into a new liquid staking token SolvBTC.BBN.

ChainCatcher news, Web3 liquidity infrastructure Solv Protocol announced on X that the details of SolvBTC.BBN's third epoch will be revealed soon.It is reported that SolvBTC.BBN is a new LST for Bitcoin.

ChainCatcher news, according to data released by HODL15Capital, the first Bitcoin ETF VBTC on the Australian Securities Exchange has received $1 million in inflows.

ChainCatcher news, according to Arkham monitoring, about 4 hours ago, Alameda Research transferred $5.24 million worth of WXRP to Binance Deposit, $900,000 worth of CPOOL to KuCoin Deposit, and $7.08 million worth of VBTC to Wintermute, suspected to be sold through OTC.

ChainCatcher news, according to official information, BTC on different chains can be converted into the multi-chain yield token SolvBTC through the Solv Protocol. Currently, the total market capitalization of SolvBTC has exceeded 1 billion USD (over 15,000 Bitcoins). In the past two weeks, more than 20 DeFi protocols and public chains have announced acceptance of SolvBTC, including the public chains Linea and zklink Nova, which are currently conducting mining activities, both of which have announced that SolvBTC will be added to their whitelist of assets for incentive activities. Users can cross-chain SolvBTC to Linea or zklink Nova to earn reward points. SolvBTC has become one of the Bitcoin assets with the highest consensus in the BTCFi ecosystem, aside from BTC, WBTC, and BTCB.

ChainCatcher message, PeckShield monitoring shows that an address starting with 0x38fe has been liquidated on-chain for approximately 3.8 million USD, which includes about 2230 mBTC (worth approximately 3 million USD) and about 11000 vETH (worth approximately 782,000 USD).

ChainCatcher news, according to PeckShield monitoring, the address 0x38fe...7e2e was liquidated on March 17, when the BTC price plummeted to $64,500.It is reported that the total value of the assets involved in this liquidation is approximately $19 million, including about 6,247.4 vBTC (worth about $8.33 million) and about 156,300 vETH (worth about $11.4 million).

According to ChainCatcher news, monitored by Arkham, the VBTC whale address starting with 0x1E7 has just deposited 14 million dollars in BTCb into the Venus Protocol, bringing its total deposits to over 28 million dollars.This address is the fourth largest holder of VBTC, with over 750 million dollars in trading volume in the protocol.Additionally, two days ago, this address borrowed 5 million dollars in USDT and immediately deposited it into Binance.