Bitcoin isn’t just for holding anymore. 🟧On Sui, BTCfi is unlocking new possibilities:⚡ WBTC → liquidity & integrations⚡ LBTC → earn yield + DeFi utility⚡ sBTC → trust-minimized pegRead more in this recent @CCN article 👇CCN (@CCNDotComNews):💡 #Bitcoin is the strongest asset in crypto — but on its base layer, it can’t lend, borrow, or trade efficiently.That’s where BTCfi comes in. And on @SuiNetwork, it’s evolving through WBTC, LBTC, and sBTC. 🧵👇@SuiFoundation https://t.co/3yi90RrI7R ...

Cyvers Alerts reported $11.3M in suspicious outflows from UXLINK. One address removed the admin role via delegateCall, added a new multisig owner with addOwnerWithThreshold, and transferred ~$4M USDT, $500K USDC, 3.7 WBTC, and 25 ETH. Minutes later, another address received 10M UXLINK tokens ($3M), began selling, and still holds ~$2.2M. https://t.co/UK4omoLUeD ...

Core Insights - Curve Finance founder Michael Egorov proposed a new protocol called Yield Basis to provide a more direct income stream for CRV token holders through governance participation [1] - The proposal includes minting $60 million of Curve's crvUSD stablecoin to support bitcoin-focused liquidity pools, with a return of 35% to 65% for veCRV holders [2] Group 1: Proposal Details - Yield Basis aims to distribute sustainable returns to CRV holders who stake tokens for governance votes, moving beyond previous airdrop models [1] - The protocol will allocate $60 million in crvUSD stablecoin, with $30 million designated for three bitcoin pools, each capped at $10 million [2] - 25% of Yield Basis tokens will be reserved for the Curve ecosystem [2] Group 2: Target Audience and Benefits - The protocol is designed to attract institutional and professional traders by offering transparent and sustainable bitcoin yields [3] - Yield Basis aims to mitigate impermanent loss, a common issue in automated market makers, enhancing the appeal for liquidity providers [4] Group 3: Financial Context - The proposal comes amid financial challenges faced by Egorov, including significant liquidations tied to leveraged CRV purchases, totaling over $140 million in June 2024 [5] - Recent liquidation events have left Curve with $10 million in bad debt, highlighting the financial risks associated with the founder's trading strategies [5]

⚡ Your Monday @katana Pool Highlights are here ⚔️🍣🪙 ETH: USDC/ETH – 120.65% APR🟠 BTC: WBTC/USDC – 68.55% APR🟣 SOL: uSOL/ETH – 50.52% APR🍣 DeFi: SUSHI/ETH – 126.78% APR🧊 Stables: AUSD/USDC – 35.43% APR$SUSHI $USDC $ETH $WBTC $uSOL https://t.co/4Qrhl6IFIK ...

Starknet Mainnet & BTC Staking - Starknet 将于 9 月 30 日在主网上线 BTC 质押，允许 Bitcoin 持有者质押 WBTC, LBTC, tBTC, 和 SolvBTC 以支持网络安全并赚取奖励 [1] - BTC 将贡献 25% 的共识算力，STRK 覆盖剩余的 75% [1] - 解除质押周期将从 21 天减少到 7 天，提供更大的灵活性 [1] - 未来可能会通过社区治理决策添加额外的 BTC 封装代币 [1] StarkWare & ZKP Discussion - StarkWare CEO Eli Ben-Sasson 将于 9 月 16 日在纽约的 PubKey 活动中与 Dan Held 进行讨论 [1] - 讨论将涵盖 ZKP 的细微之处、zkSTARKs 在区块链可扩展性中的作用以及新兴用例，如 Bitcoin DeFi [1]

Integration & Mechanism - Bitcoin staking integration is completed, bringing Bitcoin into Starknet's staking mechanism [1] - Bitcoiners can now participate in Starknet consensus, with a staking power weight set at 25% (BTC = 25% of consensus power, STRK the remaining 75%) [1] - Reward mechanism starts on September 30th [3] Validator & Builder - Validators can deploy BTC delegation pools and builders can start integrating today [3] - Supported wrappers at launch include WBTC, LBTC, tBTC, SolvBTC [3] Unstaking Period - Unstaking period for both STRK and BTC stakers is now 7 days (down from 21 days) [3]

Staking Protocol Update - BTC staking integration has started, with the staking protocol paused for implementation [1] - The upgrade enables Bitcoiners to participate in Starknet's consensus [1] Consensus Power Allocation - BTC staking power weight is set at 25%, with STRK holding the remaining 75% [1] Supported Assets - WBTC, LBTC, tBTC, and SolvBTC are supported at launch [1] - Other BTC wrappers can be added through governance [1] Unstaking Period - Unstaking period reduced from 21 days to 7 days for both BTC and STRK stakers [1]

BTCfi & Staking - BTC staking 将于 9 月 30 日在主网上线，标志着 BTCfi campaign 的关键一步 [1] - 此次升级将允许比特币持有者在 Starknet 上进行 staking，有助于保护网络安全并获得奖励 [1] - BTC staking 权重设置为 0.25，即 BTC 占共识算力的 25%，STRK 占剩余的 75% [1] Upgrade Details - 为了实现此次升级，staking 合约将于 9 月 15 日暂停几个小时，从 GMT+3 上午 10 点开始，以便将 BTC staking 集成到 Starknet 的 staking 机制中 [2] - 升级后，验证者和构建者将能够部署 BTC 委托池并开始与协议集成，奖励将于 9 月 30 日开始 [2] - 首批支持 WBTC, LBTC, tBTC, 和 SolvBTC，其他 BTC 封装版本可以通过治理添加 [2] Unstaking Period - Unstaking 周期从 21 天减少到 7 天，使 staking 过程对 stakers 和 delegators 来说更快、更灵活 [1]

RT katana ⚔️ (@katana)vaultbridge takes bridged assets (USDC, USDT, WETH, WBTC) and deploys them into low-risk strategies on ethereum.the yield generated is streamed back to katana and used to boost APY in morpho + sushi pools, so users earn more with real yield, not just KAT emissions. ...

Whale 0x4ED0 bought another 5,553 $ETH($24.44M) in the past 40 minutes.Since Aug 11, this whale has bought 18,447 $ETH($81.5M) at $4,417 avg, and 1,357 $WBTC($160M) at $117,547 avg, then deposited them into #Aave to borrow 114.2M $USDT.https://t.co/yKCGIiV30u https://t.co/u6z3qoWkfT ...