$82,985.00
0.45%$1,831.92
-1.38%$2.15
1.23%$604.64
-0.05%$124.74
-1.08%$0.9999
-0.01%$0.169935
-0.85%$0.67408
-0.11%$0.230363
-1.53%$1,830.94
-1.47%$82,916.00
0.41%$3.81
3.57%$9.67
0.88%$13.67
-0.76%$0.268321
-0.45%$19.32
-4.77%$2,196.43
-1.20%$0.999676
-0.02%$2.36
2.41%$0.00001263
-1.58%$0.170765
0.20%$85.87
-0.82%$6.30
0.12%$4.08
-0.49%$306.50
-0.28%$4.63
-0.33%$1,830.61
-1.47%$0.999855
0.05%$0.767043
-3.76%$0.999947
0.04%$12.66
-1.60%$1,951.41
-1.09%$28.27
-0.30%$215.97
0.03%$5.97
-2.32%$2.66
1.40%$5.30
-1.49%$0.0000071
-4.78%$1.046
0.04%$48.69
0.52%$0.104586
3.32%$22.44
-0.16%$34.34
-4.64%$0.807698
0.05%$83,037.00
0.53%$5.39
-1.12%$0.998186
-0.07%$0.801773
-0.23%$16.73
-0.68%$164.52
-6.55%$1.16
-0.20%$10.15
0.16%$0.372984
-1.72%$0.02288665
-1.28%$226.99
-1.22%$1.00
0.00%$3.33
1.41%$4.32
-2.59%$3.55
-2.50%$2.78
-1.35%$0.20408
-0.38%$82,891.00
0.46%$4.02
-0.10%$0.064834
-1.13%$0.18371
-1.97%$0.489808
-2.23%$0.333233
-1.20%$5.31
0.32%$11.08
-0.03%$0.483589
2.80%$82,844.00
0.41%$0.474931
-1.33%$0.756853
-4.25%$1,904.97
-1.43%$1,831.26
-1.85%$0.446452
-3.56%$1,286.24
-5.46%$1.08
-1.13%$0.066819
-3.46%$130.07
-1.30%$70.10
1.35%$17.53
0.37%$0.553665
-2.69%$0.999299
-0.11%$0.789652
-0.57%$0.622202
-2.72%$0.607871
9.12%$2,070.82
-1.53%$0.997805
-0.02%$0.00001141
-0.59%$0.179132
-1.51%$8.90
0.26%$0.090416
-0.73%$0.829077
-4.18%$0.0133379
1.18%$0.999655
0.01%$0.999413
-0.00%$7.48
-4.71%$0.999611
-0.04%$82,220.00
0.13%$0.867436
-3.40%$3,104.93
-0.51%$1.00
0.01%$604.72
-0.01%$1,944.73
-1.82%$0.01561114
-0.48%$0.657888
-0.59%$3,127.33
0.66%$2.18
1.61%$82,830.00
0.35%$0.272554
-0.52%$0.00000067
-0.66%$0.174016
-0.72%$32.17
-0.70%$0.999832
-0.03%$0.471648
-2.03%$0.103891
-0.07%$159.88
-0.92%$0.385152
0.07%$1.98
-1.36%$3.21
3.04%$36.27
0.62%$0.00005891
-1.01%$1,907.82
-1.42%$7.54
-4.48%$0.149731
2.45%$0.01112996
-0.52%$16.06
-0.59%$0.999284
-0.12%$136.59
-1.15%$0.075828
-1.72%$0.406286
-4.68%$1.75
0.10%$0.650086
-1.22%$0.997413
-0.03%$1.76
2.86%$1.001
0.09%$81,835.00
1.02%$2.95
-1.26%$0.00511692
6.84%$1.00
0.01%$0.426078
0.43%$0.246735
-0.14%$16.39
-0.56%$0.463462
16.10%$27.86
-0.99%$6.46
0.21%$0.714581
-0.32%$1,944.23
-1.37%$0.436426
-1.28%$0.16965
-1.06%$6.53
-0.60%$0.00000043
-1.27%$82,860.00
0.53%$0.421677
0.42%$0.451547
-5.37%$0.151918
-0.57%$1,831.71
-1.40%$83,077.00
-0.03%$2.53
-1.98%$1.00
0.10%$1.081
-0.05%$0.620648
-0.64%$0.08048
-1.28%$0.04231029
-0.05%$1.14
0.81%$1,831.02
-1.44%$0.00002013
0.41%$1,830.76
-1.45%$110.49
0.00%$1.10
0.60%$0.00743073
-0.36%$0.47675
-1.83%$0.474222
-2.37%$0.00592218
-0.41%$1,910.41
-1.28%$82,964.00
0.58%$0.00653376
-1.11%$0.872747
1.05%$0.204432
-0.28%$0.376631
1.21%$39.07
-3.26%$0.999139
0.00%$0.173237
4.33%$0.999884
-0.05%$0.999565
-0.76%$0.01028149
12.26%$82,380.00
0.32%$0.00392305
-0.37%$1,831.81
-1.29%$0.00005988
-0.30%$1,823.80
-1.80%$1.003
0.15%$0.00000159
-7.60%$0.00052179
-10.02%$119.92
-0.86%$2.80
5.44%$0.03086106
-1.76%$0.03060403
-2.80%$1.43
-0.24%$1.22
-1.10%$0.245937
-0.67%$1.25
-6.39%$0.532384
-1.57%$1,819.23
-1.26%$0.251346
-0.25%$3.68
-3.22%$1,830.40
-1.39%$0.651087
-1.42%$2.86
0.01%$82,707.00
0.44%$82,871.00
0.52%$21.80
-0.19%$0.192079
-0.95%$0.780021
-2.21%$15.98
-1.15%$2,003.23
-1.41%$1,933.88
-1.52%$0.259742
-0.44%$3,083.50
0.01%$1.073
-1.41%$0.501974
3.64%$0.998137
-0.13%$0.067385
-0.41%$0.03593278
-1.33%$0.08453
-4.92%$0.00273567
8.41%$0.03069615
-2.76%$1,988.91
-1.44%$0.106049
0.57%$0.00320466
0.76%$0.116465
-0.60%$0.00231291
1.05%$0.519691
0.05%$0.953631
-0.22%$0.03036752
-0.64%$1,666.18
0.45%$1,818.11
-2.40%$0.00486184
-0.17%$0.01132042
-0.73%$0.532235
-0.22%$20.12
-0.62%$0.650397
-1.30%$2.18
0.23%$2.18
4.18%$0.294671
-3.23%$0.00237316
0.16%$0.999582
0.00%Reading
Despite Wrapped Bitcoin's surging popularity in 2021, its supply growth has stagnated since December of last year, according to a report from crypto financial intelligence provider CoinMetrics this week.
Wrapped Bitcoin is an ERC-20 Ethereum token backed 1:1 by Bitcoin (BTC). All wBTC is redeemable for actual BTC held custodially in a multi-signature wallet controlled by BitGo. The asset is similar to dollar-pegged stablecoins, which allow holders to effectively transfer and utilize their fiat money on Ethereum rails.
This is beneficial to holders of the top cryptocurrency, as the native Bitcoin blockchain is not as versatile as Ethereum for enabling DeFi. Decentralized Finance, or DeFi, refers to blockchain applications that enable financial services such as lending and asset swaps without using third-party intermediaries.
By converting their holdings to Wrapped Bitcoin, crypto users can try to grow their holdings within various smart contract protocols while maintaining the ability to redeem their Bitcoin at any time.
On Episode 2 of Decrypt's gm podcast, ShapeShift founder and Bitcoin O.G. Erik Voorhees was asked what have been the three most significant years for Bitcoin's growth since its inception. His choices may surprise you.
Currently, about 1.4% of the total Bitcoin supply of nearly 19 million BTC is circulating on Ethereum through Wrapped Bitcoin. Of those 263,000-odd tokens, 66% are locked up in smart contracts, providing evidence that traders are using the asset on decentralized exchanges and lending protocols.
Among those protocols, Maker—the algorithmic lender behind DAI stablecoins—appears to be the most popular. Users presently have about 56,000 WBTC parked in the protocol, serving as collateral for DAI loans. Another 6,000 WBTC are providing liquidity to traders across five different Uniswap V3 pools.
Other WBTC are also being held on other chains, with over 20,000 locked in a contract that bridges Ethereum to Avalanche. However, mirroring the asset’s broader growth trajectory, WBTC stored at this bridge address have stopped increasing since 2022 began.
The amount of WBTC in circulation more than doubled from January to December of 2021 but has since stayed flat at approximately 260,000 units.
This reflects a similar trend across the Defi space. As displayed by DefiLlama, the total value locked in decentralized finance protocols has pulled back below $200 billion—down from over $251 billion on December 27.
The broader crypto market has also performed underwhelmingly. Bitcoin is down 20% year to date, and CoinMetrics noted that active Bitcoin and Ethereum addresses have dropped 8% since last week. According to blockchain analytics firm Glassnode, various macro headwinds show that Bitcoin may be in for a sustained bear market.
Why did Joseph Maldonado-Passage, better known as Joe Exotic from the viral Netflix docuseries “Tiger King,” debut a meme coin on Solana from prison earlier this week? “I’m knee-deep in lawyer bills,” he told Decrypt in an interview, claiming the endeavor will also benefit children through donations to a nonprofit called Operation Smile. The 62-year-old, who has lived behind bars for seven years, didn’t launch the meme coin himself. Instead, he said his lawyers helped him get “Official Tiger Kin...
Bitcoin swung up and down—as usual—over the last week, and while things were looking up midweek, familiar inflation fears helped sink the price by the time Friday rolled around. The coin's price was recently at $82,480 per coin, according to CoinGecko, after hitting a nearly three-week high of $88,474 on Monday. As of this writing, Bitcoin is now down by almost 2% on the week. Bitcoin's dip came after the U.S. Commerce Department reported Friday that the core Personal Consumption Expenditures Pr...
A high-ranking official in Brazilian President Luiz Inácio Lula da Silva's administration declared Tuesday that a potential strategic Bitcoin reserve would be "determinant for our prosperity" and "in the (country’s) public interest." Pedro Giocondo Guerra, chief of staff to Vice President Geraldo Alckmin, made the remarks while officially representing the federal government at a congressional ceremony. Debating the establishment of a sovereign bitcoin reserve rigorously is a matter of public int...
