cbtc

ChainCatcher news, the token ccBTC supported by a 1:1 Bitcoin reserve has been launched on the CKB mainnet. ccBTC is managed by Cactus Custody, a subsidiary of Matrixport, which ensures meticulous management of the Bitcoin reserves backing ccBTC. Meson Finance, a leading cross-chain service provider in the Bitcoin ecosystem, has officially launched on the CKB mainnet as the designated cross-chain bridge for the CKB Eco Fund, supporting ccBTC and helping users achieve cross-chain circulation of ccBTC assets on mainstream public chains and BTC Layer 2. Before July 31, users can enjoy a free cross-chain experience through this bridge.ccBTC will leverage the features of the Nervos CKB and RGB++ protocols to ensure the secure flow of BTC between the Bitcoin ecosystems, facilitating various DApps to utilize Bitcoin assets. Previously, the CKB Eco Fund announced a strategic partnership with Cross-Chain Tokens (ccTokens) and Meson Finance to facilitate the deployment and issuance of ccBTC on the CKB main chain, bringing Bitcoin liquidity to the CKB mainnet.

ChainCatcher news, according to the official governance forum, the Aave community has initiated a new proposal to add dlcBTC to Aave V3 on Ethereum and Arbitrum.It is reported that dlcBTC is a decentralized wrapped Bitcoin on the Ethereum chain, allowing Bitcoin holders to participate in DeFi protocols while retaining full ownership of their assets; it utilizes Discreet Log Contracts (DLC) for secure cross-chain transactions, ensuring trustlessness and decentralized asset management.

ChainCatcher news, the CKB Eco Fund announced a strategic partnership with Cross-Chain Tokens (ccTokens) and Meson Finance to facilitate the deployment of ccBTC on the CKB main chain, introducing Bitcoin liquidity to the CKB mainnet. Matrixport subsidiary Cactus Custody will serve as the official custodian of BTC assets, ensuring meticulous management of the Bitcoin reserves backing ccBTC. Leading cross-chain service provider Meson Finance will act as the designated cross-chain bridge for the CKB Eco Fund, officially launching on the CKB mainnet and supporting ccBTC, helping users achieve cross-chain circulation of ccBTC assets on mainstream public chains and BTC Layer 2.ccBTC is a token backed by a 1:1 Bitcoin reserve, which will leverage the features of the Nervos CKB and RGB++ protocols to ensure the secure flow of BTC between the Bitcoin ecosystem, enabling various DApps to utilize Bitcoin assets, such as in DEX, decentralized lending, algorithmic stablecoins, and derivatives markets, as well as in large-scale adoption scenarios like the Lightning Network and Nostr social protocol.

ChainCatcher news, Ergo and Cardano's wrapped Bitcoin anetaBTC tweeted that cBTC has been successfully minted on the Cardano network. cBTC is similar to wBTC on Ethereum, but without a centralized custodian. (source link)

ChainCatcher news, Messari founder and CEO Ryan Selkis stated in a tweet that due to Section 144A of the 1933 U.S. Securities Act, issuers of over-the-counter (OTC) trading entities are required to comply with two restrictions: advance notice of proposed sales and a quarterly sales cap of 1% of the outstanding shares or weekly trading volume. Therefore, the major shareholders of GBTC, Genesis Global and Digital Currency Group, cannot simply "dump" their holdings to raise more funds. He mentioned, "This is also good news for GBTC shareholders and the fight against FUD."According to Selkis's calculations, based on outstanding shares, a maximum of $62 million can be liquidated per quarter, while based on trading volume tests, a maximum of $23 million can be liquidated per quarter. Thus, DCG and Genesis are more likely to use GBTC as collateral for DCG-Genesis refinancing. Recently, market panic over Genesis and DCG liquidating GBTC has caused a drop in BTC prices. (source link)