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Whales make waves as wBTC surges, stirring BTC trend questions. Positive exchange flow meets bearish resistance.

Data reveals that since the start of the year, the count of circulating wrapped bitcoins (WBTC) has diminished, plunging by more than 22,000 WBTC. Notably, a year-long assessment reflects an even more significant contraction, with over 86,000 WBTC evaporating from circulation since last July.

A handful of whales dumped millions of dollars of Wrapped Bitcoin (WBTC) and Ethereum (ETH) after the crypto market slumped earlier this week. One whale dumped 150 Wrapped Bitcoin worth $4.36 million at a price of $29,053 per WBTC, according to the blockchain tracker Lookonchain.

In the fast-paced world of cryptocurrencies, Wrapped Bitcoin (wBTC) has emerged as a fascinating concept, allowing Bitcoin holders to participate in the thriving decentralized finance (DeFi) ecosystem on the Ethereum blockchain. However, its journey has been filled with twists and turns, shaped by market trends, bearish cycles, and scalability concerns.

Bitcoin (CRYPTO: BTC) traded higher, with the cryptocurrency prices trading above the $30,400 level on Tuesday. Ethereum (CRYPTO: ETH) also moved higher, trading above the key $1,800 mark this morning.

Cardano has successfully launched a wrapped bitcoin (BTC) token dubbed cBTC on its anetaBTC testnet. The move is aimed at attracting bitcoin users to Cardano's DeFi ecosystem.

AnetaBTC, a secure and decentralized protocol that enables users to unlock the value of their Bitcoin (BTC) on Ergo and Cardano (ADA), has recently launched. The platform is now live and fully operational.

Cardano (ADA) has today launched its version of Wrapped Bitcoin token cBTC on the Cardano testnet. The project's development team aims to attract Bitcoin (BTC) users to the nascent Cardano decentralized finance (DeFi) ecosystem. The cBTC will run on Cardano's anetaBTC protocol that aims at attracting Bitcoin liquidity to the Cardano ecosystem.

The anetaBTC project aims to attract bitcoin liquidity to the Cardano ecosystem.

In this article, we list the top 5 best performing crypto that are in the top 50 biggest cryptos and increased the most in prices in the past 30 days.

WBTC is the largest tokenized version of bitcoin and can be swapped on a 1:1 basis for BTC.

All social media presence was deleted and Kokomo tokens fell 95%.

This week has seen a significant influx of Bitcoin [BTC] whales as the price of BTC continued its ascent. Yet, the growth in whale behaviors did not originate with Bitcoin on the network alone, but rather with wrapped versions on other networks.

What are wrapped tokens and how do they work?

PRESS RELEASE. Leading DeFi protocol BTC PROXY today expanded support for the Binance BNB Chain as well as updating support on Ethereum and Polygon for their ($BTCpx) Bitcoin Proxy. Minting and bridging of BTCpx to the three networks goes live on or after March 10th, 2023.

Celsius Network established a crypto wallet with $25 million of crypto assets for the lender's custody account holders to withdraw, Arkham Intelligence said in a report. Eligible customers have withdrawn some $17.7 million of crypto assets, the firm's chief executive said in a Wednesday court hearing.

Cardano excites the crypto world by successfully minting its first cBTC.

Key Points: Celsius, a cryptocurrency lending platform that has been struggling financially, recently converted nearly 23,000 Wrapped Bitcoin (WBTC) tokens into Bitcoin. The conversion was approved by the Celsius creditor committee and occurred on February 28th, according to court filings related to Celsius' ongoing Chapter 11 bankruptcy proceedings.

Beleaguered crypto lender Celsius converted 22,962.8 WBTC into bitcoin on Feb. 28, according to a regulatory filing.

The supply of wrapped Bitcoin (wBTC) has hit its lowest point since May 2021 following a significant burn of 11,500 wBTC linked to Celsius. The current total supply of wBTC stands at 164,396, with a monthly growth rate of -7.39%.

In a significant development, the supply of Wrapped Bitcoin (wBTC) has dropped to a negative value after a significant burn of 11,500 wBTC. The burn was linked to Celsius, a decentralized finance platform offering cryptocurrency lending and borrowing services.

Wrapped Bitcoin's (WBTC) supply on Ethereum shrunk by 23,384 — roughly 15% — to 153,164 in February — its lowest level since March 2021, according to Dune analytics data.

According to the on-chain security and data analytics company PeckShield, two wallet addresses, marked as the bankrupt Celsius Network, have awakened again.

Wrapped Bitcoin garnered DeFi traders' support in the 2021-22 bull season, but the demand started to fade post numerous crypto contagions led to redemptions.