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
TD Cowen cuts Strategy’s target price to $350 and assigns buy ratings to four digital asset treasury companies, including Sharplink
TD Cowen cut Strategy (MSTR)’s target price by 20.5% to $350, maintained a Buy rating, citing a lowered expectation for the price of bitcoin. For fiscal year 2026, its forecast for bitcoin revenue was reduced to $7.87 billion, and it still believes MSTR will convert demand for market volatility through leverage.
GateNews17m ago
StarkWare researchers propose a quantum-safe Bitcoin scheme that enables post-quantum transactions without requiring a soft fork
The Quantum-Safe Bitcoin (QSB) proposal put forward by StarkWare researcher Avihu Levy uses existing Bitcoin scripts to provide post-quantum security, avoiding a soft fork. QSB uses a Binohash-based construction and a “hash-to-signature” puzzle to defend against quantum computers’ attacks on elliptic curve cryptography. The scheme relies on RIPEMD-160’s preimage resistance, effectively strengthening the security of Bitcoin transactions.
GateNews18m ago
Bhutan Government Transfers 250 BTC Worth $18.05M to New Wallet
Gate News message, the Central Government of Bhutan transferred 250 BTC valued at $18.05 million to a newly created wallet address.
GateNews20m ago
BTC breaks through $72,000, up 1.17% over the past 24 hours
Gate News message, on April 10, market data showed that Bitcoin broke through $72,000, with a 24-hour increase of 1.17%.
GateNews39m ago
Bitcoin 1 Week RSI Breaks Downtrend for First Time Since October Crash, Recovery Rally Ahead?
Bitcoin 1 week RSI breaks downtrend for the first time since October crash.
Is a recovery rally expected for crypto prices.
Several possible targets set for bullish and bearish BTC outcomes.
Bitcoin and crypto enthusiasts grow hopeful for a promising crypto market price surge as new
CryptoNewsLand39m ago
U.S. March CPI data is about to be released: market expectations and analysis of crypto capital flows
Analyze market expectations before the release of the U.S. March CPI data, divergences in the inflation structure, and the potential transmission pathways to crypto assets’ risk appetite.
InstantTrends51m ago
