cbBTC
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Overall, since November 30, Donald Trumpās #WorldlibertyFinancial has spent $44.75M to buy 6 crypto assets:
ā¢ 8,105 $ETH (cost: $30M, avg buy price: $3,701)
ā¢ 102.9 #cbBTC (cost: $10M, avg buy price: $97,181)
ā¢ 78,387 $LINK (cost: $2M, avg buy price: $25.51)
ā¢ 6,137 $AAVE (cost: $2M, avg buy price: $325.9)
ā¢ 509,955 #ENA (cost: $500K, avg buy price: $0.981)
ā¢ 134,216 #ONDO (cost: $250K, avg buy price: $1.863)
source : spot on chain
ā¢ 8,105 $ETH (cost: $30M, avg buy price: $3,701)
ā¢ 102.9 #cbBTC (cost: $10M, avg buy price: $97,181)
ā¢ 78,387 $LINK (cost: $2M, avg buy price: $25.51)
ā¢ 6,137 $AAVE (cost: $2M, avg buy price: $325.9)
ā¢ 509,955 #ENA (cost: $500K, avg buy price: $0.981)
ā¢ 134,216 #ONDO (cost: $250K, avg buy price: $1.863)
source : spot on chain
Bitcoin š¤ Solana
At the Solana Breakpoint 2024 conference held in Singapore, Hassan Ahmed, Head of Southeast Asia at Coinbase, announced that Coinbase plans to introduce its #cbBTC token into the #Solana ecosystem. This move aims to promote the integration of Bitcoin with high-performance blockchains. cbBTC is an ERC20 token backed 1:1 by Bitcoin and is currently deployed on the Base chain.
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#Binance
#crypto2024
At the Solana Breakpoint 2024 conference held in Singapore, Hassan Ahmed, Head of Southeast Asia at Coinbase, announced that Coinbase plans to introduce its #cbBTC token into the #Solana ecosystem. This move aims to promote the integration of Bitcoin with high-performance blockchains. cbBTC is an ERC20 token backed 1:1 by Bitcoin and is currently deployed on the Base chain.
If you enjoy my content, feel free to tip me ā¤ļø
#Binance
#crypto2024
š„ Bitcoin Rumors About BlackRock Spread, Coinbase Fires Back! š„
A massive rumor has taken the crypto world by storm, claiming Coinbase isnāt holding real Bitcoin for BlackRock but instead issuing IOUs. This speculation sent shockwaves across the market yesterday, igniting concerns of price manipulation.
š£ The Rumor
According to the buzz, BlackRock, while managing billions through its Bitcoin ETF, is holding IOUs issued by Coinbase instead of actual Bitcoin. IOU, which stands for "I owe you," represents a debt rather than the real asset, sparking fears that Bitcoinās price is being artificially suppressed.
šØ Justin Sunās Statement
The rumor caught fire after Tron CEO Justin Sun took to social media, criticizing Coinbaseās newly launched cbBTC token, which is supposedly backed by Bitcoin 1:1. Sun raised red flags, claiming the token lacks proof of reserves, hasnāt been audited, and that user balances can be frozen by any U.S. court. He didn't hold back, saying: "This is essentially a 'trust me' token. It's a dark day for Bitcoināthis is central bank Bitcoin at its worst."
š Coinbase & ETF Experts Respond
Coinbase CEO Brian Armstrong and ETF experts quickly responded to the swirling rumors, aiming to restore trust and clarify the situation. The response emphasized transparency and that Coinbase holds Bitcoin 1:1 for clients like BlackRock.
š¢ With emotions running high, the debate around institutional trust in crypto has never been more intense. Stay tuned to see how this unfolds and what it means for Bitcoinās future!
#BlackRock
#Coinbase #BitcoinRumors
#cbBTC
#FTXSolanaRedemption $BNB $ETH
$ETH
A massive rumor has taken the crypto world by storm, claiming Coinbase isnāt holding real Bitcoin for BlackRock but instead issuing IOUs. This speculation sent shockwaves across the market yesterday, igniting concerns of price manipulation.
š£ The Rumor
According to the buzz, BlackRock, while managing billions through its Bitcoin ETF, is holding IOUs issued by Coinbase instead of actual Bitcoin. IOU, which stands for "I owe you," represents a debt rather than the real asset, sparking fears that Bitcoinās price is being artificially suppressed.
šØ Justin Sunās Statement
The rumor caught fire after Tron CEO Justin Sun took to social media, criticizing Coinbaseās newly launched cbBTC token, which is supposedly backed by Bitcoin 1:1. Sun raised red flags, claiming the token lacks proof of reserves, hasnāt been audited, and that user balances can be frozen by any U.S. court. He didn't hold back, saying: "This is essentially a 'trust me' token. It's a dark day for Bitcoināthis is central bank Bitcoin at its worst."
š Coinbase & ETF Experts Respond
Coinbase CEO Brian Armstrong and ETF experts quickly responded to the swirling rumors, aiming to restore trust and clarify the situation. The response emphasized transparency and that Coinbase holds Bitcoin 1:1 for clients like BlackRock.
š¢ With emotions running high, the debate around institutional trust in crypto has never been more intense. Stay tuned to see how this unfolds and what it means for Bitcoinās future!
#BlackRock
#Coinbase #BitcoinRumors
#cbBTC
#FTXSolanaRedemption $BNB $ETH
$ETH
JUST IN : Coinbase's #cbBTC Reaches $100 Million Milestone.
cbBTC, also known as wrapped #bitcoin, has surpassed 100 million in total value. With 730 cBTC equivalent to $44 million on Base and 940 cBTC equivalent to $56 million on ETH.
#cbBTC #BTCā #bitcoināļø
cbBTC, also known as wrapped #bitcoin, has surpassed 100 million in total value. With 730 cBTC equivalent to $44 million on Base and 940 cBTC equivalent to $56 million on ETH.
#cbBTC #BTCā #bitcoināļø
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Coinbase Launches Wrapped Bitcoin (cbBTC) on Solana
On September 21, Coinbase announced the launch of wrapped Bitcoin (cbBTC) on the Solana blockchain. This is a significant development for the decentralized finance (DeFi) market, as it opens up new possibilities for Bitcoin to be used in the Solana ecosystem.
What is cbBTC?
Wrapped Bitcoin (cbBTC) is a token that is equivalent to Bitcoin but functions on the Solana network. Users can deposit their $BTC and receive cbBTC for use in Solana's decentralized applications, such as the borrowing platform, trading, and liquidity.
What is cbBTC?
Wrapped Bitcoin (cbBTC) is a token that is equivalent to Bitcoin but functions on the Solana network. Users can deposit their $BTC and receive cbBTC for use in Solana's decentralized applications, such as the borrowing platform, trading, and liquidity.
š DWF Ventures submitted wrapped $BTC market overview:
$WBTC currently contributes an enormous stake in the Ethereum #DeFi ecosystem
There are other options available in the market. For instance, Coinbase and Mantle have announced the launch of #cbBTC and #FBTC
#BTCB launched by Binance and #mBTC launched by Merlin also have market sizes of $3.9b and $1.3b
$WBTC currently contributes an enormous stake in the Ethereum #DeFi ecosystem
There are other options available in the market. For instance, Coinbase and Mantle have announced the launch of #cbBTC and #FBTC
#BTCB launched by Binance and #mBTC launched by Merlin also have market sizes of $3.9b and $1.3b
$BTC UPDATE VIP
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š„ JUST IN : Coinbase'sš° #cbBTC Reaches $100 Million Milestone.
cbBTC, also known as wrapped #bitcoinš„, has surpassed 100 million in total cap. With 730 cBTC equivalent to $44 million on Base and 940 cBTC equivalent to $56 million on ETH.
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š„ JUST IN : Coinbase'sš° #cbBTC Reaches $100 Million Milestone.
cbBTC, also known as wrapped #bitcoinš„, has surpassed 100 million in total cap. With 730 cBTC equivalent to $44 million on Base and 940 cBTC equivalent to $56 million on ETH.
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šØšØ NEW : The official YouTube channel of the Supreme Court of India was hacked and showed videos promoting #XRP .
š„ BREAKING: Coinbaseš° announces that they will be bringing native #cbBTC to Solana.š°
š„ JUST IN : The Hamster Kombat $TON š° game has completed its season-ending snapshot in anticipation of its $HMSTR token and airdrop on September 26.
šØšØ NEW : The official YouTube channel of the Supreme Court of India was hacked and showed videos promoting #XRP .
š„ BREAKING: Coinbaseš° announces that they will be bringing native #cbBTC to Solana.š°
š„ JUST IN : The Hamster Kombat $TON š° game has completed its season-ending snapshot in anticipation of its $HMSTR token and airdrop on September 26.