WBTC bridges the gap between BTC and ETH. Yet, AAVE has reaped the most benefits, amassing 37K WBTC in supply.

It's been 48 days since Bitgo revealed its partnership with Bit Global on Aug. 9, 2024. Since that announcement, the supply of wrapped bitcoin (WBTC) held on Aave V3 has soared to a new peak. Meanwhile, cbBTC, the bitcoin derivative token from Coinbase, has hit a market cap of $247.8 million.

AAVE soars above $153.98 resistance with bullish momentum; traders eye $200 and beyond. Can it reach $261?

Aave (AAVE) has surged to its highest price in over a year, reaching $172, marking a significant milestone for the decentralized finance (DeFi) platform. This price surge has propelled the platform to new heights, driving up its market capitalization and signaling renewed confidence among investors.

The apparent change of heart follows extensive public discussions with BitGo CEO Mike Belshe.

Aave's dominance grows with bullish metrics, stablecoin success, and multichain expansion.

TL;DR Sky is reconsidering its decision to remove Wrapped Bitcoin (WBTC) after a recommendation from BA Labs and clarifications from BitGo. BitGo commits to providing 60 days' notice for any changes in WBTC custody, reducing the perceived risk.

BA Labs, an adviser to Sky, formerly known as Makerdao, has decided to stop recommending any additional parameter changes regarding the offboarding of wrapped bitcoin (WBTC) collateral. The move follows statements from Bitgo's CEO Mike Belshe and a vote from Sky community members.

Sky is rethinking its recent decision to offboard WBTC, following BA Labs' assessment that the risk to WBTC exposure is now “more acceptable”.

Decentralized finance pioneer Sky, previously known as Maker, is revisiting its decision to offboard Wrapped Bitcoin (WBTC) as collateral in its lending protocol.

BA Labs, an advisor to DeFi lender Sky, says its concerns with Tron founder Justin Sun's involvement in the custody of the Wrapped Bitcoin token have been addressed and new recommendations will be put to a vote on Oct. 3.

BA Labs, adviser to DeFi lender Sky, says concerns about Justin Sun's role in Wrapped Bitcoin custody are resolved. A new vote is set for Oct. 3.

Aave (AAVE) has soared to its highest price in over a year, driven by a strong bull trend and significant growth in Total Value Locked (TVL).

An influential adviser to DeFi lender Sky, formerly known as MakerDAO, now says their concerns have been adequately addressed regarding Tron founder Justin Sun's involvement in the custody of bitcoin backing the WBTC token.

The altcoin market exhibited mixed signals as Bitcoin struggled to reclaim the $64,000 mark, trading at $63,782 at the time of this publication. Cardano has rejoined the top ten cryptocurrencies by market capitalization, AAVE is targeting $200 after overcoming a crucial hurdle, and Render is signaling consolidation following last week's impressive rallies.

Aave pushed its net deposits to above $20B, spread across 13 blockchains. The lending protocol grows its GHO supply, while testing the community for removing WBTC as collateral.

AAVE price pulled back on Tuesday, Sept. 24, as on-chain data showed an increase in centralized exchange outflows.

Given that AAVE has more than doubled in price since August, are there telltale signs of overheating?

AAVE price surged 9% during the U.S. trading session on Monday, climbing among the top gainers according to Coinmarketcap. With a six-day rally, the altcoin breaks out of a two-year accumulation trend and retests at $180, a level last recorded in late April 2022.

21.co, the parent company of 21Shares, has integrated Chainlink's Proof of Reserve on Solana and Ethereum to increase transparency for its Wrapped Bitcoin 21BTC.

Top US-based crypto exchange Coinbase says its wrapped version of Bitcoin (BTC) is coming to the smart contract platform Solana (SOL). In a session during the Solana Breakpoint 2024 event, Coinbase executive Hasan Ahmed says the crypto exchange is introducing Coinbase Wrapped Bitcoin (cbBTC) to the Ethereum (ETH) competitor's blockchain.

TL;DR 21.co has integrated Chainlink Proof of Reserve on the Solana and Ethereum mainnets to enhance the transparency of its Wrapped Bitcoin (21BTC). 21BTC, launched in May 2024, is a native token fully backed 1:1 by Bitcoin reserves, which are held in cold storage and under institutional custody.

AAVE rose 20% Wednesday to $170, a level not seen since May 2022. An asset in accumulation for more than two years is attracting traders and analysts who feel it has additional upside potential.

Analysis of refund policies and the regulatory context.

Coinbase surprised attendees at Breakpoint 2024 by announcing plans to roll out cbBTC wrapped Bitcoin on Solana, sparking immediate enthusiasm and positioning the asset for broader use across popular blockchain networks. At the Breakpoint 2024 event, Hassan Ahmed, Coinbases country director for Singapore, recently announced intentions to bring Coinbases new cbBTCa wrapped Bitcoin assetto the Solana network.

AAVE, a leading player in the decentralized finance (DeFi) space, is making waves in the cryptocurrency market as it attempts to break through significant resistance levels. With its price recently trading above $154, many analysts are eyeing a potential surge toward $200 by the end of the year.

The AAVE price surged 3% during the Sunday training session, defying the low volatility momentum in the broader crypto market. This high-momentum rally pushed the asset to a peak of $162.5, a level not seen since May 2022.

Bitcoin's rally to $64,000 increased traders' interest in altcoins like AVAX, SUI, TAO and AAVE.

LlamaRisk, Aave's risk service provider, has proposed reducing the loan-to-value (LTV) ratio of BitGo's Wrapped Bitcoin (WBTC) to zero on the DeFi lending platform.

AAVE, the second player in decentralized finance, has done well this year, jumping to its highest point since 2022.

In Q3, AAVE recorded remarkable growth on price chart and fundamentals. Can the alt reclaim its ATH?

Coinbase launched cbBTC on September 12, and within a week, the token has become the third-largest Wrapped Bitcoin in the market.

Aave's bullish momentum continues, driven by strong fundamentals, and sentiment.

Wrapped Bitcoin products allow users to retain asset control while using Bitcoin as collateral for decentralized finance applications.

To confirm a breakout from the 800-day range, the price needs to stay above $154 for an extended period.

AAVE is a decentralized protocol that allows users to lend and borrow a variety of cryptocurrencies without intermediaries. It has gained popularity due to its innovative features, such as flash loans and interest rate switching.

Sky may be the first of many to toe this path.

Sky, formerly MakerDAO, decided to remove the usage of Wrapped Bitcoin (WBTC) as collateral for borrowing through a governance vote concluded on Sept. 19. BA Labs, the former Risk Core Unit, was named stability advisor for the process.

Sky, a major DeFi lending protocol, has voted to remove wrapped Bitcoin as collateral due to concerns over its custodian's affiliation with Justin Sun

With WBTC being phased out, the protocol is now exploring alternative wrapped Bitcoin solutions.

Sky, formerly known as Maker, is divesting its wrapped Bitcoin following a community governance vote that was finalized on September 19.

The vote was passed with 88% in favor of offloading WBTC collateral from the Sky lending platform.

AAVE's bullish movement in the past month will likely extend further.

The matter has been closely followed in crypto markets, since the Sky platform has $200 million of loans collateralized by the token, and since WBTC is one of the biggest cryptocurrencies, with nearly $10 billion outstanding.

This week, Cryptoquant researchers highlighted a new rivalry heating up in the wrapped bitcoin market, with Coinbase's cbBTC stepping up to challenge Bitgo's long-established reign.

AAVE rejected at $146 resistance, now traders await either consolidation or a potential breakout.

Crypto custodian BitGo is set to enter the stablecoin market with plans to launch a dollar-backed USDS stablecoin by 2025, according to a Sept. 18 statement.