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
Robert Kiyosaki’s Warning: Bitcoin, Silver, and Oil Are Your Only Shields Against the Coming Debt Collapse
Robert Kiyosaki warns of an impending market crash, citing unresolved debt from past crises. He advocates for investment in tangible assets like gold, silver, and cryptocurrencies, urging people to prepare for financial instability ahead.
CaptainAltcoin2m ago
Winklevoss brothers transferred $130 million worth of BTC to a certain CEX last week, suspected of selling.
Gate News Report, March 10 — According to Arkham monitoring, the Winklevoss brothers transferred $130 million worth of BTC into a CEX hot wallet last week, suspected of selling. They currently still hold $764 million worth of BTC, with total BTC profits of approximately $1.8 billion.
GateNews16m ago
Is the 'Bitcoin Pyramid' Cracking? Peter Schiff Predicts Forced BTC Liquidations by MicroStrategy - U.Today
Peter Schiff criticizes Michael Saylor's Bitcoin strategy, labeling it a "Bitcoin pyramid." He argues that Saylor’s preferred stock, STRC, may force the first Bitcoin sale due to its dependence on cash from new investments or reserves to pay dividends, risking liquidation.
UToday24m ago
The Bitcoin ecosystem BTCS mining ecosystem will launch on March 20.
Bitcoin ecosystem project BTCS announces that it will officially launch its mining ecosystem on March 20, 2026. Based on the BTC Rollup layer-two network, it aims to expand the application value of Bitcoin. The project will also launch multiple core applications to gradually build a complete BTC layer-two ecosystem.
GateNews38m ago
A certain whale opened a long position yesterday with $84 million in BTC and ETH, and today bought an additional $21 million worth of ETH spot.
Gate News Report, March 10 — According to on-chain analyst Yu Yan's monitoring, a whale opened a long position worth $84 million in BTC and ETH on Hyperliquid yesterday (March 9). Today (March 10), they also bought $21 million worth of ETH spot on the chain.
GateNews45m ago
