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Build on Bitcoin CEO: DeFi’s TVL Skyrockets with Bitcoin’s BitVM-Powered Push
BOB aims to bridge Bitcoin and Ethereum ecosystems as a hybrid Layer-2 protocol, leveraging BitVM to expand Bitcoin’s role in DeFi and unlock cross-chain liquidity. The three-phase roadmap includes Ethereum L2 integration, a Bitcoin finality protocol and a full transition to a Bitcoin rollup, enabling advanced DeFi features like BTC staking. Bitcoin DeFi could be a much bigger market in the near future as new technologies are being developed to support the ecosystem. BOB (Build on Bitcoin) has laid out a phased development roadmap to enhance its capabilities as a Hybrid Layer 2 protocol. Each phase is designed to improve...
MicroStrategy’s Michael Saylor Shares Bitcoin Accumulation Plan
MicroStrategy’s Executive Chairman Michael Saylor, known for his vocal advocacy of Bitcoin (BTC), shared his accumulation strategy for the pioneer crypto. Saylor revealed the philosophy behind his company’s Bitcoin purchases, cementing his reputation as one of BTC’s most steadfast supporters. The remark came following Bitcoin’s recent surge past the $100,000 milestone. The 2024 trajectory has sparked interest in BTC as a long-term investment. In a recent interview, Saylor reiterated his long-standing mantra, “Buy Bitcoin, don’t sell Bitcoin.” He elaborated on MicroStrategy’s unwavering commitment to the digital asset and explained the simplicity behind their strategy. “Every day for the past four...
600% Hike Pushes Hedera (HBAR) Open Interest to All-Time High, Traders Expect More
Hedera (HBAR) open interest has hit a new all-time high following its 600% price increase in the last 30 days. This rise signifies the highest trader interaction with the token since its inception. Looking ahead, several key indicators suggest HBAR’s price rally and bullish momentum may persist. Based on this on-chain analysis, here is what could be next for the cryptocurrency. Hedera Has Traders’ Attention on Lock Some days back, BeInCrypto reported how HBAR’s open interest surged to $220 million. But as of this writing, the same indicator, according to Glassnode, has risen to $417.98 million. OI, as it is...
