Coinbase Wrapped BTC Product Reaches $1B Market Cap

Share This Post

Bitcoin Price Reaches New High

The post Coinbase Wrapped BTC Product Reaches $1B Market Cap appeared first on Coinpedia Fintech News

Amidst the surges in Solana’s price and a boom in the Defi sector, the Coinbase Wrapped BTC (cbBTC) product, which was recently launched on the Solana blockchain, has hit the $1 billion market capitalization milestone. The cbBTC is an SPL token backed 1:1 by Bitcoin (BTC) and held in custody by the exchange. cbBTC joins a growing list of wrapped Bitcoin tokens on Solana, including tBTC and WBTC. The price of SOL has risen by double digits in the last seven days, fueled by BTC’s bull run. Consequently, SOL rallied to $198, almost 23% lower than its All-Time High (ATH).

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Will Bitcoin Price Crash Below $70k

The post Will Bitcoin Price Crash Below $70k appeared first on Coinpedia Fintech News Since February 20, the Nasdaq Composite index has experienced a severe drop of 1134% During the same period, the

Bitcoin whale stirs market with $450M short position on Hyperliquid

A Bitcoin whale on Hyperliquid has stirred discussions over the weekend after placing a massive $450 million short position on the top crypto Over the weekend, the trader opened a highly leveraged

Bitcoin Bulls Eye Comeback After $10 Billion Liquidation Shakeout—Analyst

With over $10 billion in open interest wiped out in just two months, the Bitcoin landscape has experienced a significant reboot, and analysts are predicting that the price of the flagship crypto will

Moonpay Secures Wisconsin License, Expands Crypto Payment Reach in United States

Moonpay has received a Money Transmitter License in Wisconsin, marking a key regulatory milestone in its US expansion Residents can now access MoonPay’s crypto services fee-free through its Balance

Fed’s Interest Rate Decision: Will Rates Stay Unchanged Amid Economic Uncertainty?

The post Fed’s Interest Rate Decision: Will Rates Stay Unchanged Amid Economic Uncertainty appeared first on Coinpedia Fintech News The Federal Reserve’s next big decision is just around the

Crypto Market Slips as FOMC Meeting and FED Interest Rate Decision Loom

The post Crypto Market Slips as FOMC Meeting and FED Interest Rate Decision Loom appeared first on Coinpedia Fintech News The crucial Federal Open Market Committee meeting is scheduled to be