Foresight News reports that, according to The Block, the Bitcoin DeFi protocol Lombard Finance has acquired the cross-chain Bitcoin asset BTC.b from Ava Labs. BTC.b was launched in 2022 and currently has a market capitalization of approximately $502 million, and it has been integrated into multiple DeFi protocols, including Aave, BENQI, and LFJ. Under the new arrangement, BTC.b will continue to operate on the Avalanche platform, with its contracts, name, and integrations remaining unchanged, while transitioning to Lombard's technical infrastructure. Ava Labs stated that this move will allow it to focus on its core business.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
U.S. publicly traded company Empery Digital discloses a reduction of 60 Bitcoins, with total holdings decreasing to 3,664 coins
Odaily Planet Daily reports that NASDAQ-listed company Empery Digital announced today that it sold 60 Bitcoins at an average price of $66,583, with total proceeds of approximately $4 million. As of now, its total Bitcoin holdings have decreased to 3,664 coins. Additionally, the company announced it has spent about $116 million to repurchase 18,685,725 common shares. (Businesswire)
GateNews3m ago
Former Trump advisor warns: Merely "supporting Bitcoin" is far from enough; the U.S. needs to actively advance a strategic Bitcoin reserve
David Bailey pointed out that the U.S. government needs to strengthen policy and political capital investment to push Bitcoin into the national strategic level. He mentioned that although the Trump administration has begun to establish Bitcoin reserves, progress has been limited, and the government's Bitcoin assets mainly come from law enforcement seizures. Bailey emphasized that political support alone is not enough to promote Bitcoin development; public engagement and policy efforts need to be increased.
GateNews11m ago
Delin Holdings mined 51.712 BTC in February, with an expected annual Bitcoin production of 640-660 coins.
Odaily Planet Daily reports that, according to the Hong Kong Stock Exchange announcement, Hong Kong-listed company Delin Holdings disclosed that in February, its Bitcoin mining output was 51.712 coins, averaging approximately 1.8469 Bitcoins per day. As of February 28, the total Bitcoin mined was 136.2684 coins. Delin Holdings estimates that the total Bitcoin production for the entire year of 2026 will be approximately 640-660 coins.
GateNews14m ago
Ray Dalio Prefers Gold Over Bitcoin as Store of Value, Citing Privacy and Quantum Computing Risks
Billionaire investor Ray Dalio stated during a March 3, 2026 appearance on the All-In Podcast that he considers gold superior to Bitcoin as a safe-haven asset, arguing that Bitcoin lacks central bank support, faces privacy limitations, and could be vulnerable to quantum computing threats.
CryptopulseElite14m ago
CME February cryptocurrency contract daily average trading volume increased by 45%, with a notional value of $9.3 billion
Odaily Planet Daily reports that the derivatives market Chicago Mercantile Exchange Group (CME Group) announced that in February, the average daily trading volume of cryptocurrency contracts reached 322,000 contracts, with a notional value of $9.3 billion, a 45% increase. Among them, micro Ethereum futures daily average contract volume increased by 22%, reaching 115,000 contracts; micro Bitcoin futures daily average contract volume increased by 31%, reaching 100,000 contracts; Ethereum futures daily average contract volume increased by 65%, reaching 24,000 contracts. (PRNewswire)
GateNews21m ago
