#DeFiEducation #DefiMonеy #bitcoin☀️ #bitlayer #BTC☀

As Bitcoin once again takes center stage, a wave of innovators is pushing the boundaries of its potential. Traditionally regarded as a stable store of value, Bitcoin is now being transformed into a platform for decentralized finance (DeFi), with companies like Bitlayer leading the charge. In a recent conversation with Roundtable anchor Rob Nelson, Bitlayer's co-founder Charlie Hu delved into how the company is driving forward the integration of advanced financial functions within the Bitcoin network.

Unlocking DeFi Opportunities on Bitcoin

For a long time, Ethereum has been the dominant force in the world of smart contracts, fueling the rapid rise of DeFi and NFTs. However, 2023 has seen a surge of initiatives aimed at bringing similar capabilities to the Bitcoin blockchain, renowned for its exceptional security and decentralization. Bitlayer co-founder Charlie Hu is at the forefront of this transition, working tirelessly to capitalize on Bitcoin’s unparalleled security architecture to build a new wave of decentralized financial services.
In his discussion with Nelson, Hu outlined the distinct advantages Bitcoin provides for DeFi development. "Bitcoin's security is unrivaled," Hu emphasized. "It's the most decentralized, tamper-proof network available." He explained that Bitcoin's transaction finality—where transactions are permanently recorded on the blockchain—offers a solid foundation for building secure decentralized financial systems. This, according to Hu, positions Bitcoin as a strong contender in the DeFi arena.

Transforming Bitcoin into a DeFi Powerhouse

Bitlayer is not just envisioning DeFi on Bitcoin—it is actively building the required infrastructure to make it a reality. Hu detailed how Bitlayer’s layer-two solutions are paving the way for Bitcoin to support an array of financial services, including lending, staking, and trading. "Our layer-two solutions now enable Bitcoin to support various financial services," Hu explained, marking a significant milestone in Bitcoin’s evolution from a passive asset to an active financial instrument.
One of the most exciting advancements is the introduction of yield-generating opportunities for Bitcoin holders. Traditionally, Bitcoin has been viewed as a passive store of value, similar to digital gold. However, with the advent of Bitlayer’s technology, Bitcoin users can now stake their assets and engage in on-chain financial products, providing new avenues for earning passive income. This breakthrough not only broadens Bitcoin’s utility but also increases its attractiveness to a wider array of investors.

Financial Impact and Growing Institutional Interest

The concept of DeFi on Bitcoin is no longer just a theoretical exercise; it is becoming a reality. Bitlayer has garnered significant investment from major financial institutions, including Franklin Templeton, and has accumulated over $600 million in total value locked (TVL) on its platform. This substantial investment and participation from traditional financial players highlight the growing confidence in Bitlayer’s approach and the increasing interest in Bitcoin’s expanding capabilities.
Hu pointed out the practical implications of these innovations, noting that the ability to earn yield on Bitcoin could dramatically shift perceptions of the asset. "Bitcoin hasn't offered yield opportunities for the last 15 years," Hu said. "With Bitlayer’s technology, that’s now changing." This development could elevate Bitcoin beyond its current status as digital gold, transforming it into a more versatile financial asset that appeals to both institutional and retail investors seeking higher returns.

Bitcoin: From Digital Gold to Financial Platform

Throughout the conversation, the concept of Bitcoin as both a store of value and a robust financial platform emerged as a central theme. Rob Nelson compared Bitcoin to traditional assets like gold, prized for their ability to preserve wealth. But as Hu pointed out, Bitcoin’s future holds far more than being merely digital gold. The introduction of DeFi functionalities positions Bitcoin to serve as a multifaceted platform capable of supporting diverse financial operations.

Conclusion

The advent of DeFi on Bitcoin, spearheaded by innovators like Bitlayer, signifies a major transformation in the crypto landscape. By harnessing Bitcoin’s unparalleled security and transaction finality, Bitlayer is transforming the blockchain from a simple store of value into a dynamic financial tool. As more financial services are integrated into the Bitcoin network, the cryptocurrency’s role in the global economy is set to expand, attracting new participants and reshaping our understanding of digital assets. With DeFi on Bitcoin gaining traction, the future of finance appears poised for a more decentralized and secure evolution.

#DeFiEducation #investors! #SolanaInvesting #Hotternds
As technology advances rapidly, so do the tactics of fraudsters. Blockchain researcher ZachXBT remains vigilant, warning of new scams on his platform. Recently, he uncovered a group of fraudsters attempting to lure victims into a new scam using millions in stolen funds.
Key Points of the Investigation:
ZachXBT's investigation into Leaper Finance, a lending protocol based on Blast, revealed connections to several scams affecting various projects, resulting in losses exceeding $20 million.The fraudsters behind these scams are responsible for multiple fraudulent projects, including Hash DAO, Glori Finance, and ZebraDAO.Following exposure by ZachXBT, the fraudsters harassed him and announced a token launch before disappearing from the internet along with their projects.
Disappearance of Fraudulent Projects:
Within hours of the investigation, the fraudulent projects vanished from the internet. ZachXBT traced stolen funds to a wallet that provided liquidity to these projects.The wallet, previously associated with carpetbagging projects, now supports various fraudulent projects across different blockchains.
Increased Phishing Scams:
Phishing scams targeting Base saw an 18-fold increase in March, stealing approximately $3.35 million.Ethereum remains the most susceptible blockchain to fraud, followed by BNB Chain, Arbitrum, Solana, and Bitcoin.
Solana's Network Congestion:
Despite fewer hacking incidents, Solana faces network congestion issues due to high demand. Efforts are underway to address these issues and improve user experience.
Second Security Layer:
Cryptocurrency exchanges recommend using YubiKey devices and hardware wallets to enhance security in response to rising phishing scams.However, not all exchanges prioritize security, with incidents of data leaks and illegal activities tarnishing some platforms' reputations.
Summary:
The crypto industry continues to grapple with security challenges, as evidenced by ZachXBT's investigation and the prevalence of phishing scams. While developers work to enhance network security, user vigilance and adoption of security measures remain crucial. Investing in reputable exchanges with strong security measures is essential in safeguarding funds in an increasingly complex ecosystem.

Onchain derivatives fuel #DeFi is resurgence, with daily volumes reaching $5 billion amid rising competition.
Following a relatively modest 2023, the decentralized finance (DeFi) market experienced a remarkable resurgence during the first half of 2024.
As of Aug. 16, the total value locked (TVL) within the ecosystem stands at $82.67 billion, up from $54.4 billion at the beginning of the year — representing a robust growth of 51.9%.
One of the primary drivers behind this substantial uptick has been the growing adoption of onchain derivatives. In fact, since the beginning of the year, the average daily trading volume for crypto derivatives has skyrocketed from $1.8 billion in 2023 to $5 billion.
Ran Hammer, vice president of business development for Orbs, a layer-3 blockchain designed for onchain trading, attributes this growth to several factors.

He told Cointelegraph that the recent bull market and major improvements in user interface (UI) and user experience (UX), as well as lower latency and better tracking tools for copy trading and wallet monitoring, have helped create an ideal environment for leveraged trading.

The first half of the year not only witnessed increased volumes but also brought forth new innovations, such as pre-market crypto offerings, allowing investors to trade tokens before they are officially launched or publicly released.
Increased competition is fueling the derivatives market
The growth in onchain derivatives this year seems to have been propelled by intensifying competition from new market entrants as well as a resurgence in volume among established players.
While dYdX remained the clear market leader for most of the first half of 2024, it faced growing competition from emerging protocols such as SynFutures, Hyperliquid and RabbitX.
The latter three projects benefitted from the absence of native tokens, allowing their respective dev teams to focus solely on product development and user acquisition rather than managing elaborate token structures.
Hyprliquid — a layer-1 order book-based perpetual futures decentralized exchange (DEX) — performed particularly well. The platform’s daily trading volumes regularly exceeded $1 billion, overshadowing dYdX.
Its competitive edge seems to lie in its ability to match the performance of centralized exchanges (CEXs) with competitive fees while maintaining fully onchain operations.
Similarly, SynFutures emerged as the second-highest performing perpetual DEX of Q2 2024, registering a cumulative trading volume of over $98 billion.

#LowestCPI2021 #DeFiEducation #MarketDownturn

What is DEPIN?
DEPIN stands for Decentralized Physical Infrastructure Networks. To put it simply, it's about building real-world infrastructure (like networks, storage, and more) using blockchain technology. Instead of relying on big companies, these networks are powered by everyday people who contribute and earn rewards.
Why is DEPIN a Bullish Narrative for 2024?
1. Decentralization: DEPIN projects aim to reduce reliance on central authorities, making systems more resilient and democratic.
2. Real-World Utility: These projects address tangible needs like internet connectivity, storage, and power supply, creating real-world value.
3. Incentives for Participation: Users can earn rewards by contributing to the network, whether by providing hardware, bandwidth, or other resources.
4. Growing Adoption: As more people and businesses see the benefits of decentralized infrastructure, adoption is likely to increase, driving up the value of these projects.
Promising DEPIN Projects to Watch in 2024
1. Helium (HNT): Known for its decentralized wireless network, Helium allows users to set up hotspots and earn HNT tokens for providing coverage.
2. Filecoin (FIL): A decentralized storage network where users can rent out spare disk space and earn FIL tokens in return.
3. Arweave (AR): Focused on permanent data storage, Arweave allows users to store documents and applications forever, with a single upfront fee.
4. Energy Web Token (EWT): Aims to accelerate the transition to renewable energy by creating a decentralized energy grid.
5. Render Network (RNDR): Decentralizes GPU rendering tasks, allowing artists and developers to utilize spare computing power across the network.
These projects represent just a slice of the DEPIN landscape, but they highlight the innovative ways blockchain technology can revolutionize infrastructure.
Keep an eye on DEPIN—it could be a game-changer in 2024!

#SOFR_Spike #US_Job_Market_Slowdown #DeFiEducation #VanEck_SOL_ETFS