$96,680.00
0.24%$1,835.80
-0.22%$2.20
-0.97%$601.26
0.37%$147.67
-1.74%$0.999899
-0.00%$0.180885
-0.32%$0.694098
-2.38%$0.247683
1.30%$1,834.78
-0.24%$96,700.00
0.53%$3.41
-5.50%$14.60
-1.52%$21.22
-1.78%$0.271634
-1.31%$8.86
-1.41%$0.00001334
-1.84%$0.185302
-1.26%$3.14
-2.19%$0.99995
0.00%$2,204.34
-0.29%$380.16
4.95%$20.91
4.42%$87.43
-1.89%$4.16
-0.78%$1,835.73
-0.21%$281.69
2.86%$1.00
0.02%$4.43
0.98%$1.001
0.04%$0.596638
0.35%$28.94
-1.00%$1,956.71
-0.28%$96,694.00
0.23%$0.00000857
-2.16%$5.40
-2.18%$371.23
3.11%$5.22
-2.26%$1.05
0.01%$51.52
-0.14%$2.50
-2.26%$0.916105
-0.02%$1.00
0.00%$21.77
0.02%$4.98
0.18%$0.101684
7.38%$173.42
0.00%$17.16
1.42%$12.94
0.64%$31.65
-0.63%$0.091961
2.73%$4.80
2.90%$0.733303
-0.07%$0.02721486
-0.09%$1.00
0.05%$0.237841
-1.44%$1.17
-0.00%$96,633.00
0.71%$4.34
-2.71%$2.79
-2.24%$4.29
-0.02%$0.708418
-3.48%$0.213577
-2.46%$0.577585
0.52%$0.304449
-5.57%$0.336261
-1.12%$2.55
-4.10%$4.12
-0.69%$0.998618
0.01%$0.0000184
-1.96%$96,450.00
0.57%$1.024
-2.99%$10.79
0.44%$0.461484
-0.75%$1,558.07
1.72%$1.25
1.10%$0.817893
-2.83%$84.58
1.37%$0.07676
-0.68%$154.79
-1.79%$0.657254
10.75%$0.708155
-3.58%$1.76
7.88%$1.15
-3.80%$0.01797264
-0.19%$0.219008
-2.79%$1,836.04
-0.16%$0.72238
3.18%$4.01
-2.85%$1,911.42
-0.20%$1.00
0.02%$10.23
-0.15%$0.733115
3.91%$0.999507
-0.01%$0.098216
-3.55%$1.00
0.02%$601.27
0.39%$2,081.98
-0.24%$2.87
-1.00%$0.00008513
-1.60%$0.01673528
-2.36%$0.216195
2.54%$3,248.58
-0.01%$1.00
0.01%$0.777539
-3.51%$3,247.84
-0.13%$190.28
-1.77%$38.73
3.59%$96,669.00
-0.21%$0.854414
-0.49%$0.765958
0.54%$0.01200459
11.57%$13.18
-0.17%$163.08
-1.77%$96,366.00
-0.44%$96,072.00
-0.29%$0.0167453
-2.88%$0.299622
-1.13%$0.123757
4.87%$0.576247
-11.82%$3.85
0.61%$0.00000071
-0.48%$1,954.40
-0.15%$2.05
-1.87%$0.065558
-2.46%$0.997815
0.02%$0.403632
-1.00%$0.636831
2.24%$0.999117
0.23%$18.52
-1.40%$2.89
-4.39%$1.11
0.41%$0.566682
0.20%$0.01758247
-1.92%$0.315925
-0.86%$1,920.22
-0.28%$3.58
1.93%$36.13
-2.66%$1.78
-3.98%$0.149689
-1.75%$0.670497
-5.32%$0.00937586
2.12%$0.9999
0.00%$7.94
7.16%$0.558157
2.11%$0.00560932
-3.89%$98,398.00
0.49%$17.76
-0.76%$0.424736
-3.61%$0.998691
-0.01%$0.637216
-3.62%$96,600.00
0.10%$1,922.12
-0.04%$0.193856
-0.19%$0.065585
-2.50%$0.431116
-1.10%$0.186518
-4.00%$0.9999
0.00%$0.180922
-0.34%$110.92
0.02%$1.31
-6.50%$92,139.00
-1.74%$0.00002267
2.02%$96,586.00
0.60%$0.143791
-0.99%$6.15
-1.67%$0.541697
0.44%$1.54
-3.93%$1,835.61
-0.23%$2.59
-0.68%$0.00000042
0.66%$1.66
1.39%$0.00790571
-10.29%$1.084
-0.07%$0.99814
0.02%$0.078903
-2.11%$0.04229095
-0.45%$3.37
-4.46%$0.087813
-2.47%$0.415701
-10.39%$1,835.58
-0.14%$1,954.04
-0.17%$0.237837
-1.48%$0.395262
4.01%$1.43
-0.55%$0.00545614
13.70%$1,835.68
-0.22%$41.39
2.62%$33.55
1.71%$0.03667382
-2.16%$22.14
0.83%$1.001
0.26%$0.178645
-7.43%$0.559627
-1.42%$1,832.05
-0.17%$0.373279
-4.65%$0.01798819
1.82%$0.00410524
0.26%$0.131314
-1.25%$0.00006326
1.27%$0.816592
-0.74%$1.00
0.01%$1,870.71
-1.26%$0.302396
-1.83%$0.731627
-0.17%$0.328391
10.87%$0.726714
2.83%$0.999992
-0.00%$1.00
0.03%$0.999649
-0.01%$96,530.00
0.32%$2.70
-2.88%$0.00000146
1.10%$0.00297698
3.34%$20.89
4.68%$0.239834
-0.90%$1,825.60
-0.16%$113.25
0.14%$0.03410735
9.70%$0.208618
-0.44%$23.42
1.11%$0.13794
-3.20%$21.22
-1.68%$0.485625
-2.89%$96,544.00
0.14%$0.0031145
8.48%$0.999882
-0.01%$3,240.59
0.11%$0.998524
-0.11%$3.35
-4.72%$1,943.66
-0.23%$0.268699
-1.07%$0.535108
-0.13%$2.82
-0.84%$0.03805323
0.29%$0.00353304
1.40%$1,940.68
0.24%$3.17
3.82%$15.66
-1.08%$1.097
0.02%$0.96134
-4.49%$0.01302794
-0.64%$0.108381
-2.14%$0.00243605
-7.77%$2,013.83
-0.24%$96,891.00
0.40%$0.718482
-1.04%$2,000.10
-0.21%Reading
The amount of Bitcoin converted into Ethereum-based ERC-20 tokens had hit $1.2 billion, per data from Dune Analytics. This means that 0.5% of all of Bitcoin’s market cap has been ported to the Ethereum blockchain, also equivalent to 3% of Ethereum’s market cap.
This is the most Bitcoin that's moved over to the Ethereum blockchain to date. Just weeks ago, the figure was less than half what it is today, sitting at just over $500 million.
The Bitcoin blockchainblockchain is incompatible with the EthereumEthereum blockchain, but it’s possible to stake Bitcoin in certain protocols and receive synthetic, Ethereum-based Bitcoin. These are ERC-20 tokens—the generic token standard on Ethereum—that represent BitcoinBitcoin.
Popular options include wBTC, renBTC and the newly launched tBTC. Some, such as wBTC, are custodial, meaning that you give your Bitcoin to a company and they’ll give you wBTC, also known as Wrapped Bitcoin, in return. Others, such as tBTC, are non-custodial, meaning that you give your Bitcoin to a protocol and the code—not a company—issues you with tBTC.
People might port Bitcoin over to Ethereum to enjoy the full spectrum of decentralized financedecentralized finance (DeFi) products, such as non-custodial lending protocols, decentralized exchanges and (yet more) synthetic assets. These sorts of crypto-lending and yield-generating services are otherwise largely unavailable to Bitcoin holders.
Bitcoin is the world’s first, largest, and most-recognized crypto asset. Since Bitcoin’s creation over a decade ago, the technology behind the revolutionary “peer-to-peer electronic cash system” has largely remained the same. But Bitcoin isn't the be-all and end-all of cryptocurrency. On smart contract blockchains such as Ethereum, developers have created a thriving decentralized finance (DeFi) ecosystem. In order to use Bitcoin within Ethereum's DeFi ecosystem, it's necessary to create an ERC-...
DeFi is this summer’s great, big, new thing, partly responsible for this summer’s Ethereum bull run. As of this writing, $10.5 billion is locked up in DeFi smart contracts, per metrics site DeFi Pulse. Its rise is, again in part, due to the new token distribution mechanisms, such as giving out so-called governance tokens—tokens that let holders vote on proposals to update the network—for using the protocols.
Some, such as Set Protocol, issue these yield farming rewards—the practice is known as yield farming—for wBTC, i.e. synthetic Bitcoin.
1/ Announcing the launch of the second yield farming strategy on @tokensets - the ETH WBTC Yield Farming Set!
Like the recently launched ETH USD Yield Farming Set, this strategy auto-farms the $UNI token on Uniswap.
Check it out here: https://t.co/zZzybd7YA9 pic.twitter.com/ikGwMX829p
— Set ⚖️ (@SetProtocol) September 24, 2020
wBTC is the most popular synthetic Bitcoin on Ethereum; it has 73.6% of the market’s supply. renBTC has 18.4%, and Huobi BTC, or hBTC, has 4.2%.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
Ethereum just lost one of its long-time institutional backers. In a Thursday statement, algorithmic trading firm Two Prime announced it is dropping all exposure to Ethereum (ETH) and will exclusively manage and lend against Bitcoin (BTC) going forward, citing Ethereum’s unpredictable behavior, declining market momentum, and eroding institutional appeal. Why Two Prime is Going BTC Only https://t.co/VtrQAUyGL0 pic.twitter.com/4BWVd8R7HM — Two Prime (@Two_Prime) May 1, 2025 Two Prime didn’t say h...
Crypto asset manager 21Shares applied for an exchange-traded fund tracking the price of Sui, according to a filing with the U.S. Securities and Exchange Commission on Wednesday. The 21Shares Sui ETF aims to broaden investors’ access to the native token of the layer-1 network designed for high-speed transactions, which has been dubbed by some as a “Solana Killer.” The filing named Coinbase as a custodian to safeguard investors’ funds, according to the registration statement, but did not specify...
New CertiK estimates suggest about $364 million was lost through crypto hacks, scams and exploits in April alone. The cybersecurity firm says the vast majority of this total, $337 million, is related to phishing attacks. #CertiKStatsAlert 🚨 Combining all the incidents in April we’ve confirmed ~$364M lost to exploits, hacks and scams after ~$18.2m was returned. KiloEx, Loopscale and zkSync all had funds returned by whitehat exploiters. ~$337M of the total is attributed to phishing. More… pic.tw...
