Wrapped Bitcoin supply drops to negative after 11,500 wBTC burn linked to Celsius
Wrapped Bitcoin garnered DeFi traders’ support in the 2021–22 bull season, but the demand started to fade when numerous crypto contagions led to redemptions.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Wrapped Bitcoin garnered DeFi traders’ support in the 2021–22 bull season, but the demand started to fade when numerous crypto contagions led to redemptions.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Aave Freezes New tBTC Supply and Borrowing After Mint-and-Redeem Pause
TL;DR: Aave contributors said the protocol had frozen additional tBTC supply and borrowing in its Ethereum Core market after Thres...
Bitcoin rebounds from midterm dip as DeFi leads gains
Bitcoin recovered from a dip to around $75,600 as Democrats won Congress, while DeFi tokens led gains and Trump-linked coins fell.
Polymarket traders see 32% chance Anthropic leads 2026 IPOs
The shifting odds reflect market skepticism about Anthropic's ability to surpass SpaceX's IPO, highlighting investor caution in te...
Less than 10% of stablecoins are deposited in DeFi, Token Terminal finds
The low DeFi stablecoin deposits highlight untapped revenue potential for protocols and underscore Ethereum's dominance in the eco...
DeFi Explained
DeFi 201 explains decentralized finance as a connected protocol system. It follows how DEXs and AMMs, liquidity pools, lending mar...
Coinbase restores crypto staking in New Jersey after state drops lawsuit
Coinbase's restored staking in New Jersey may influence regulatory approaches and crypto market dynamics in other states. The post...