This article explains the role of tokenized and wrapped assets in the crypto ecosystem, with a focus on Wrapped Bitcoin (WBTC), which is about to undergo a custody reorganization by BitGo.
JinseFinanceThe most obvious alternative to WBTC is Threshold Network’s tBTC. In addition to being more decentralized, tBTC also exhibits the Lindy effect at scale.
JinseFinanceRecommended readings tonight: 1. Polymarket: A success story driven by the US election; 2. Why is Ethereum performing poorly? How will the market trend go in the future?; 3. From Web2 to Web3: The next wave of evolution of Marketplace;
JinseFinanceWBTC, Justin Sun, WBTC is full of doubts. How does BitGo explain it? Golden Finance, BitGo brought WBTC into Justin Sun's home.
JinseFinanceWBTC, WBTC caused a huge shock. Golden Finance, BTC continued to recover slightly overnight to the 61-62k range.
JinseFinanceKraken to cease XMR support in Ireland and Belgium due to EU regulations. Trading and deposits stop on May 10, delisting on June 10. Balances to be converted to BTC. Monero's price holds steady amidst global regulatory scrutiny. Exchanges worldwide adjusting to comply with regulations.
Xu LinTwitter user Small Cap Scientist's highlighted the concerns on his findings on $wBTC.
TwitterExchanges like Binance, BitMEX, and OKX are limiting deposits and withdrawals for Solana’s top stablecoins, without explanation.
Crypto PotatoCrypto regulations in South Korea require exchanges to enforce strict KYC and AML guidelines and major crypto exchanges have delisted privacy coins in the past as well.
CointelegraphSince last July, NFT transfers on the Ethereum network have outpaced stablecoins and ERC-20 tokens, while on-chain minting of WBTC has flattened out this month.
Cointelegraph