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
Bitcoin spot ETFs saw a total net outflow of $225 million yesterday, with BlackRock's IBIT experiencing a net outflow of $202 million.
On March 27, the total net outflow of Bitcoin spot ETFs was $225 million, with BlackRock's IBIT seeing the largest single-day net outflow of $202 million. The current total net asset value of Bitcoin spot ETFs is $84.772 billion, with a historical cumulative net inflow of $55.935 billion.
GateNews17m ago
Robert Kiyosaki warns of the risk of market collapse, prioritizing Bitcoin and real assets.
Robert Kiyosaki advocates for long-term investment in non-inflatable assets like oil, real estate, and cryptocurrencies amid market downturn concerns. He focuses on accumulating tangible assets, aiming to prosper during economic crises, and has recently resumed buying before a predicted market collapse in 2026.
TapChiBitcoin1h ago
HUT 8 builds a flexible data center for AI and Bitcoin
Hut 8 is implementing a modular infrastructure strategy to flexibly switch between Bitcoin mining and AI tasks, optimizing capital efficiency amidst data center expansion. This approach enhances profitability and mitigates dependence on volatile crypto markets, despite increasing operational complexity.
TapChiBitcoin1h ago
Glassnode: The accumulation structure for Bitcoin between $60,000 and $70,000 is taking shape, but the strength is far less than the previous highs.
According to Glassnode's report, the cost basis for short-term Bitcoin holders is at the lower range of $60,000-$70,000, indicating accumulation signals, but the strength is still insufficient. BTC has accumulated over 429,000 in this range, and this area is considered a high-confidence support zone. The options market indicates that short-term volatility may intensify.
動區BlockTempo1h ago
USD/JPY Hits 160 Again – Is a Bitcoin Crash Coming Next?
_USD/JPY crosses 160 for the first time since July 2024, raising attention from global investors._
_July 2024 BOJ intervention dropped USD/JPY 20 points, Bitcoin 30%, and S&P 500 10%._
_Strengthening yen raises borrowing costs for leveraged investors, affecting stocks and crypto
LiveBTCNews1h ago
