Circle Targets Bank-Grade Wrapped Bitcoin for USDC Collateral
The shift reframes wBTC from a DeFi utility into a piece of regulated collateral infrastructure — and pulls the network deeper into a quiet rivalry with Coinbase's own stack.
Bitcoin (BTC) is the first decentralized cryptocurrency, introduced in 2009 by an individual or group operating under the pseudonym Satoshi Nakamoto. It runs on its own blockchain, the Bitcoin network, secured through a Proof of Work consensus mechanism in which miners use computing power to validate transactions and produce new blocks roughly every ten minutes. The protocol defines a hard cap of 21 million coins, and the block reward given to miners is automatically halved approximately every four years, embedding a predictable, disinflationary issuance schedule into the network. This scarcity, combined with permissionless access and resistance to censorship, has led many to characterize Bitcoin as a form of digital gold or a store of value distinct from traditional fiat currencies. Beyond peer-to-peer transfers, the Bitcoin ecosystem has expanded to include Ordinals, a method of inscribing data onto individual satoshis that enables NFT-like assets directly on the base layer, and BRC-20, an experimental fungible token standard built on those inscriptions. Emerging Bitcoin Finance (BTCFi) initiatives extend these capabilities further, allowing BTC to be used in staking, lending, and cross-chain security applications, positioning Bitcoin as a foundation for a broader decentralized financial ecosystem.
The shift reframes wBTC from a DeFi utility into a piece of regulated collateral infrastructure — and pulls the network deeper into a quiet rivalry with Coinbase's own stack.
182 days after QT ended, the OTHERS/BTC chart sits at a long-term trendline with its 20-week moving average crossing above the 50-week — the same setup that preceded the 2020 altcoin breakout.
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Binance co-founder Changpeng Zhao, widely known as CZ, has publicly dismissed concerns over Bitcoin's current weakness…
Senate Banking cleared the bill May 14 — but as written it leaves DeFi front-ends, anonymizing tools, offshore stablecoin rails, and senior officials' own crypto ventures outside the framework the…
3.9K $BTC (≈245.3M) moved from Coinbase Institutional to unknown new wallet.
1.2K $BTC (≈73.9M) moved from unknown wallet to Coinbase Institutional.
2.7K $BTC (≈170.7M) moved from unknown wallet to Coinbase Institutional.
Quinn Thompson sees structural pressure on BTC from DAT stress and quantum fears — and a far bigger drain in trillions of IPO supply, weakening hyperscaler free cash flow, and Mag 7 leadership fading.
BitMine's June 8 update shows 5.54M ETH stacked at $1,630 per coin — a $9.6B treasury bet that doubles as a public-company proxy for institutional ETH conviction.
The raise lands on top of $11B in deposits and a roster that already includes Coinbase, Galaxy and Anchorage — the bet is that tokenized credit infrastructure gets adopted by TradFi incumbents rather…
More than 8 million Bitcoin have moved into unrealised loss territory, a sharp reversal from the cycle peak when nearly…
With BTC pinned at $62,641 and RSI deep in oversold territory near 25, the $61K shelf becomes the single level that determines whether the next 30 days print a rebound to $76K or a slide toward $58K.
The selloff isn't a story about leverage — it's a story about the marginal dollar. With $400B flowing into AI infra while spot BTC ETFs bleed $4B, the rotation is structural, not tactical.
Three of crypto's most insider VCs co-led alongside Apollo, Circle and VanEck — a cap-table that signals Morpho's real target isn't DeFi natives, it's the institutions it already services through…
The firm pins the recent decline on US institutional selling and ETF outflows, not Strategy's token 32-BTC sale — and warns it's too early to call the bottom.
Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto.
Bitcoin (BTC) launched on 2009-01-03.
Bitcoin (BTC) is categorised as: Smart Contract Platform, Layer 1 (L1), FTX Holdings.
The official Bitcoin site is http://www.bitcoin.org.
Most recent Bitcoin coverage: "Circle Targets Bank-Grade Wrapped Bitcoin for USDC Collateral" — read at /en-US/a/circle-pushes-bank-grade-standards-for-wrapped-btc-as.