Latest news with #WrappedBitcoin
Cision Canada
29-05-2025
- Business
- Cision Canada
HTX DAO and HTX Ventures at Bitcoin 2025: Empowering the Global Rise of the Bitcoin Ecosystem
SINGAPORE, May 29, 2025 /CNW/ -- HTX DAO and HTX Ventures, two integral forces within the HTX ecosystem, proudly participated in Bitcoin 2025, the world's premier Bitcoin summit held in Las Vegas. Engaging with global crypto leaders, they actively explored the future of Bitcoin and the broader digital asset industry—while supporting innovation and accelerating transformation across the decentralized ecosystem. Justin Sun, Advisor to HTX and Founder of TRON, joined a high-profile panel discussion during the event, where he shared invaluable insights on Bitcoin's evolution, WBTC's critical role in smart contract integration, and how U.S. policy signals are shaping worldwide adoption. "One of the biggest lessons I've learned since entering crypto in 2012 is: never bet against Bitcoin," said Sun. "We've already seen Bitcoin surpass $110,000, and I firmly believe that as long as we keep building, Bitcoin will continue to hit new highs." Reflecting on his recent engagement with U.S. President Donald Trump, Sun emphasized the significance of political support for the industry, "President Trump's backing is monumental. Without his support, Bitcoin wouldn't have broken $100,000. The U.S. plays a leading role in global financial regulation—once it sets a clear crypto policy, other countries will follow. This will speed up global Bitcoin adoption and bring more people into the crypto space." Sun also spoke in depth about Wrapped Bitcoin (WBTC) as a gateway for unlocking Bitcoin's potential in the smart contract world, "WBTC enables Bitcoin holders to interact with DeFi, earn yield, and use BTC as collateral across Ethereum, TRON, Solana and more. It transforms Bitcoin into a programmable asset. With proof-of-reserve, on-chain transparency, and cold storage security, WBTC is both safe and powerful." Looking ahead, Sun forecasted that traditional financial products will inevitably migrate onto the blockchain, creating new opportunities for yield and arbitrage, "WBTC is just the first step. In the future, all financial products—stocks, bonds, stablecoins—will be brought on-chain. Transparency and decentralization will define the next generation of global finance." Immersive Community Experience by HTX DAO and HTX Ventures During the event, HTX DAO and HTX Ventures unveiled a life-size replica of Justin Sun's iconic space capsule, inviting attendees to participate in an immersive and shareable experience. Visitors were encouraged to follow @HTX_DAO and @Ventures_HTX on X (formerly Twitter), and post creative selfies using the hashtag #HTXDAOLasVegas. Winners received up to 100 USDT in crypto rewards. The activation quickly became a highlight of the event. Notably, Bitcoin 2025 gathered an impressive lineup of high-profile speakers, including U.S. Vice President JD Vance, Eric Trump, White House advisor on AI and crypto David Sacks, MicroStrategy Co-Founder Michael Saylor, and BitMEX Co-Founder Arthur Hayes. Throughout the conference, these leaders engaged in in-depth discussions on Bitcoin ecosystem development, regulatory policy, technological innovation, and global adoption—providing valuable direction for the industry's future. Continuing the Mission to Empower Web3 Through thought leadership and creative engagement, HTX DAO and HTX Ventures demonstrated their ongoing commitment to building a smarter, more accessible Bitcoin ecosystem. About HTX DAO As a multi-chain deployed decentralized autonomous organization (DAO), HTX DAO demonstrates an innovative governance approach. Unlike traditional corporate structures, it adopts a decentralized governance structure composed of a diversified group, jointly committed to the success of this organization. This unique ecosystem advocates openness and encourages all DAO participants to propose ideas that can promote the development of HTX DAO. About HTX Ventures HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With more than a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures currently backs over 300 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most active FOF (Fund of Funds) funds, HTX Ventures invests in 30 top global funds and collaborates with leading blockchain funds such as Polychain, Dragonfly, Bankless, Gitcoin, Figment, Nomad, Animoca, and Hack VC to jointly build a blockchain ecosystem. Visit us here.
Int'l Business Times
01-05-2025
- Business
- Int'l Business Times
Trump-Backed WLFI's $USD1 Becomes Fastest-Rising Stablecoin From $0 To $1B Market Cap
Donald Trump backs World Liberty Financial and has actively promoted the project on social media. WLFI Website / Screenshot $USD1's market cap passed $2 billion Wednesday, becoming the 7th largest stablecoin by market value The stablecoin has also passed the more tenured $PYUSD stablecoin in market cap Some crypto users are concerned about why $USD1 and $WLFI aren't listed on major exchanges yet World Liberty Financial's (WLFI) USD1 stablecoin has passed a $1 billion market cap, but that's not the bigger story, as digital assets scalability provider BitGo revealed that the U.S.-backed token also logged the "fastest rise from 0 to $1B in stablecoin history." Since officially launching late last month, USD1 has made major strides, including its meteoric rise to CoinGecko's top 10 largest stablecoins by market cap. As of late Wednesday, USD1 is the world's seventh-most valuable stable token. Congratulations to the @worldlibertyfi team on USD1 reaching a $1B market cap — the fastest rise from 0 to $1B in stablecoin history!Now ranked among the top 10 stablecoins globally. Honored to support USD1, built on BitGo's Stablecoin-as-a-Service platform.@zachwitkoff… — BitGo (@BitGo) April 29, 2025 Quite interestingly, USD1 has surpassed the PayPal USD (PYUSD) market capitalization, given the latter's considered veteran status in the stablecoin segment. Trading volumes around USD1 passed 28 million in the last 24 hours, highlighting increasing interest among cryptocurrency users for the stablecoin launched by a DeFi firm promoted by U.S. President Donald Trump. Just around a day since USD1 hit the $1 billion milestone, it surpassed $2 billion in market cap and, as of late Wednesday, has logged a market value of over $2.12 billion. $USD1 has risen to become the world's seventh-largest stablecoin by market cap on CoinGecko, toppling PayPal's $PYUSD. CoinGecko Questions Remain Amid WLFI's Big News Despite the massive milestone for a Trump-backed crypto venture, some crypto users want their questions answered and seemed to ignore the development. "Bla, bla, bla. What about WLFI? More importantly," asked one user, who was referring to the WLFI token, which has had a rough start since it was announced due to alleged security risks and questions around its tokenomics. There were also other crypto users who wanted to know when the WLFI coin would be listed as they were more concerned about the token than USD1. Others were also concerned about both WLFI and USD1 not being listed on major crypto exchanges. "Investors who trust and buy WLFI should be transparent about when this will happen," one user wrote. WLFI Shrugs Off Concerns, Bags New Deals Despite continuing concerns around the way WLFI has been handling its business, the DeFi firm, which Trump officially promoted early on, has been pushing forward. Earlier this year, the company spent millions to buy several crypto assets, including Wrapped Bitcoin (wBTC) and Movement (MOVE). Just last week, it signed a Memorandum of Understanding (MoU) with the government of Pakistan after the team's representatives met with the Pakistan Crypto Council. Historic moment: WLFI has officially signed an MOU with Pakistan 🇵🇰x🦅It was an incredible experience meeting with the Pakistan Crypto Council and the leaders shaping the future of proud to be building with Pakistan to drive innovation forward. This is just the… — WLFI (@worldlibertyfi) April 28, 2025 According to the Council, the collaboration will help "accelerate blockchain innovation in Pakistan" and includes collaborative work on exploring real-world asset (RWA) tokenization and blockchain financial product testing, among others. Also last week, WLFI founders met with Binance founder Changpeng "CZ" Zhao to discuss the global state of crypto adoption among other crypto-related topics. © Copyright IBTimes 2024. All rights reserved.
Yahoo
06-04-2025
- Business
- Yahoo
If You Invested $1K in Wrapped Bitcoin at Launch, Here's How Much You'd Have Now
With bitcoin and many other cryptocurrencies surging to new highs yet remaining volatile under a new White House administration, many investors have started paying more attention to them. As of March 2025, 1 wrapped bitcoin equals $87,784.15. That marks a huge gain over the last year — far outstripping returns from stocks, bonds, real estate and precious metals. Find Out: Read Next: But what is Wrapped Bitcoin (WBTC)? Here's a quick breakdown: It is a converted version of bitcoin that can be used on Ethereum-based platforms and its growing network of decentralized applications. It has a current market capitalization of $11.3 billion. It has a trading volume of $209.6 million as well as a circulating supply of about 129,100. If you had invested $1,000 in it when it first launched, what would it be worth today? Keep the following in mind as you consider this crypto investment. Wrapped bitcoin first launched on Jan. 31, 2019. On that day, the price of one bitcoin sat around $3,460. That means that $1,000 would have bought you 0.289 wrapped bitcoin. Today, that amount of bitcoin — wrapped or otherwise — is worth about $25,270. Put another way, wrapped bitcoin has risen 2,537% since late January 2019. The S&P 500, for context, has risen around 120% in the same time period. For You: Wrapped bitcoin is pegged to the value of bitcoin, but they use different underlying technology platforms. Bitcoin uses its own blockchain technology to log transaction history. Many owners buy and hold it as a long-term store of value, rather than as a currency for transactions. The blockchain technology keeps it decentralized and secure — at least to the extent that the wallet or crypto exchange is secure. Wrapped bitcoin is actually a token on the Ethereum decentralized finance (DeFi) network. That makes it easy to buy, sell and otherwise interact with other digital assets on the DeFi network, such as other cryptocurrencies and nonfungible tokens (NFTs). The DeFi network includes an entire ecosystem for protocols such as Dharma, MakerDAO, Compound and the Kyber Network. Technically, WBTC is a 'stablecoin,' meaning it's a cryptocurrency backed by another currency. In this case, each WBTC coin is backed by an equivalent amount of bitcoin, held in trust by a custodian such as BitGo. Investors can buy wrapped bitcoin through decentralized exchanges like Coinbase or Binance. Exchanges let you move money between fiat currencies like the U.S. dollar and specific cryptocurrencies, or exchange from one coin to another. Some crypto exchanges even let you buy cryptocurrencies with a credit card — for a fee, of course. Just beware that crypto exchanges aren't as secure as traditional banks, and your holdings aren't insured by the FDIC. Most investing experts recommend keeping no more than 10% of your portfolio in cryptocurrencies. They make for a fun speculative investment with the 'play money' portion of your portfolio. However, their volatility makes them too unreliable for long-term financial needs, such as retirement. If you like the idea of investing in crypto but don't want to use a decentralized exchange, some licensed brokerages, like Robinhood and Fidelity, offer crypto trading platforms. Of course, that defeats the purpose of owning wrapped bitcoin: interacting with other digital assets on Ethereum's DeFi network. Caitlyn Moorhead contributed to the reporting for this article. More From GOBankingRates 5 Luxury Cars That Will Have Massive Price Drops in Spring 2025 4 Things You Should Do if You Want To Retire Early 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth How Much Money Is Needed To Be Considered Middle Class in Every State? This article originally appeared on If You Invested $1K in Wrapped Bitcoin at Launch, Here's How Much You'd Have Now
Yahoo
30-01-2025
- Business
- Yahoo
Crypto.com To Delist Tether USDT and 9 Other Tokens in Europe by January 31 To Comply with MiCA Regulations
has announced it will delist Tether's USDT and nine other tokens in Europe by Jan. 31, 2025, to comply with the European Union's Markets in Crypto-Assets Regulation (MiCA). The tokens being delisted include Wrapped Bitcoin (WBTC), Dai (DAI), Pax Dollar (PAX), Pax Gold (PAXG), PayPal USD (PYUSD), Staked ETH (CDCETH), Staked SOL (CDCSOL), Liquid CRO (LCRO), and XSGD. A spokesperson for confirmed that purchases of these tokens will be suspended on Jan. 31, and deposits will also be disabled shortly after. However, withdrawals will remain available until the end of Q1 2025, and full delisting is expected to occur by March 31, 2025. Users who hold these tokens will have until March 31 to convert them into MiCA-compliant assets. If they do not convert by this date, their holdings will be automatically swapped for a compliant stablecoin or an asset of equivalent market value. The delisting follows the EU's full enforcement of MiCA regulations at the end of 2024. The European Securities and Markets Authority (ESMA) has been urging crypto asset service providers (CASPs) to comply by Jan. 31, restricting non-MiCA-compliant stablecoins. USDT, the largest stablecoin by market capitalization, is one of the tokens affected by this regulation. MiCA requires that stablecoins operating within the European Economic Area (EEA) must have an e-money license from at least one EU member state. USDT, which has a market cap of $139 billion, does not have such a license, and Tether has not received authorization under MiCA. This has led to increased scrutiny of USDT in the region. The delisting of USDT from exchanges like follows similar moves by other platforms, including Coinbase, which delisted USDT in December 2024 due to its non-compliance. Following Coinbase's move, users were given the option to convert their USDT into MiCA-compliant options like USD Coin (USDC). Alongside USDT, will also delist several other tokens, including Wrapped Bitcoin (WBTC), Dai (DAI), Pax Dollar (PAX), and several other stablecoins and assets. This is part of a broader effort by to secure MiCA compliance, which also includes obtaining a license in Malta. MiCA's implementation has triggered a race among exchanges in the EU to ensure they meet the regulatory standards. Other exchanges, including Gemini, have also established operations in Malta to comply with the regulation. As MiCA regulations continue to reshape the crypto landscape in Europe, only stablecoins that meet MiCA standards, like USDC, will likely thrive. USDT's challenges in complying with the new regulations could make it difficult for the token to maintain its position in the European market. Sign in to access your portfolio
