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
Harvard Cuts Bitcoin ETF Stake, Adds Ethereum Exposure in Q4 Filing
In brief
Harvard cut its IBIT stake by 1.46 million shares in Q4, now valued at about $265 million.
It moved in with an $86.8 million position in BlackRock’s iShares Ethereum Trust ETF.
The move could signal rotation into Ethereum, broader diversification, or compliance-driven
Decrypt43m ago
Matrixport: Repeated 20% Bitcoin Pullbacks Could Signal Bear Phase
_Repeated BTC drawdowns grow as price nears 200-week support while exchange balances keep falling._
Digital asset firm Matrixport believes that Bitcoin’s price trend may be entering a more fragile phase. As observed, the OG coin’s recent price swings resemble patterns seen at the start of past b
LiveBTCNews55m ago
Harvard Sells 21% of Bitcoin, Makes $86.8M Ethereum Bet
_Harvard cut 21% of its Bitcoin ETF stake while opening an $87M Ethereum ETF position in Q4 filings._
_Bitcoin stayed Harvard’s largest crypto holding despite a sharp price drop and reduced exposure._
_The endowment also reshuffled tech stocks while adding a major railroad investment in
LiveBTCNews1h ago
Top Crypto to Buy Now: BlockDAG, Stellar, Bitcoin Cash, and Chainlink Offer 300x Potential
The crypto market is going through one of those phases where fear dominates and most traders are sitting on the sidelines. But historically, these are the moments that separate smart entries from missed opportunities. Whether it is infrastructure plays
BlockChainReporter1h ago
Data: Over the past 24 hours, the entire network has been liquidated for $296 million, mainly long positions.
In the past 24 hours, the total liquidation amount in the cryptocurrency market reached $296 million, including $223 million from long positions and $72.5974 million from short positions. BTC and ETH were liquidated for $105 million and $90.6715 million respectively, with a total of 103,009 people liquidated. The largest single liquidation was on Hyperliquid's BTC-USD trading pair, amounting to $11.2158 million.
GateNewsBot1h ago
