Foresight News reports that, according to The Block, the Bitcoin DeFi protocol Lombard Finance has acquired the cross-chain Bitcoin asset BTC.b from Ava Labs. BTC.b was launched in 2022 and currently has a market capitalization of approximately $502 million, and it has been integrated into multiple DeFi protocols, including Aave, BENQI, and LFJ. Under the new arrangement, BTC.b will continue to operate on the Avalanche platform, with its contracts, name, and integrations remaining unchanged, while transitioning to Lombard's technical infrastructure. Ava Labs stated that this move will allow it to focus on its core business.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BlackRock CEO: Crypto Business to Generate $500 Million in Revenue for Company Over Next 5 Years
BlackRock CEO Larry Fink stated in his shareholder letter that Bitcoin and cryptocurrencies could generate $500 million in revenue within the next five years. BlackRock manages $55 billion in Bitcoin and holds approximately $150 billion in digital assets, establishing a leadership position in the digital markets.
BlockBeatNews20m ago
BlackRock CEO: Crypto Business to Generate $500 Million in Revenue for Company Over Next 5 Years
BlackRock CEO Larry Fink stated in his shareholder letter that cryptocurrency could generate $500 million in revenue for the company over the next five years. He emphasized BlackRock's leadership position in digital markets, managing nearly $150 billion in assets related to digital assets.
GateNews23m ago
BlackRock withdrew 2267 BTC from a certain CEX within the past 10 hours, worth approximately $158 million.
Gate News reports that on March 25, according to Onchain Lens monitoring, BlackRock withdrew 2267 BTC from a certain CEX within the past 10 hours, valued at approximately $158 million.
GateNews27m ago
ZachXBT: Russian OTC Broker Assisted Ransomware Money Laundering Over $4.7 Million, Fund Flows Span BTC to Avalanche
ZachXBT disclosed on X platform that Russian over-the-counter broker Khinkis is suspected of assisting ransomware money laundering of over $4.7 million since July 2025, involving the transfer of 796 Bitcoin, with funds being withdrawn in batches through multiple channels. The investigation shows the entity was active in Southeast Asia and Australia, with personal information repeatedly leaked, increasing enforcement difficulties.
金色财经_39m ago
