Midas Crypto
Posts
🌙 Coinbase Launches cbBTC

🌙 Coinbase Launches cbBTC

Coinbase launches DeFi version of Bitcoin (cbBTC) to increase decentralized use.

Mike Gavela
September 12, 2024

Crypto Roundup - September 12

Coinbase has introduced a new DeFi version of Bitcoin called cbBTC, aiming to bring more decentralized functionality to the cryptocurrency. Meanwhile, eToro has reached a settlement with the SEC, agreeing to cease most of its crypto trading services for US customers, a move highlighting regulatory pressure on exchanges. Additionally, Circle, the stablecoin issuer behind USDC, announced its headquarters relocation to New York City as it seeks to expand its operations and regulatory compliance in the U.S.

FUNDRAISING

BTA Protocol Completes A+ Round Financing Led By Crypto Labs

According to Odaily, BTC ecosystem protocol BTA Protocol has announced the completion of its A+ round of financing, led by Crypto Labs with participation from Cityblok and BlackBridge. The amount rais

www.binance.com/en/square/post/2024-09-12-bta-protocol-completes-a-round-financing-led-by-crypto-labs-13431820215994

INFINIT has successfully raised $6M in funding round led by @ElectricCapital, @mirana, @hashed_official, to build the first DeFi abstraction layer.
This marks a pivotal step toward advancing INFINIT’s goal of becoming the backbone of DeFi, providing end-to-end infrastructure for… x.com/i/web/status/1…
— INFINIT (@Infinit_Labs)
2:29 PM • Sep 12, 2024

1/ We are delighted to announce @BinanceLabs strategic investment into @OpenEden_Labs!
The move marks Binance Labs’ first investment into the rapidly growing tokenized real-world assets, or “RWA” space.
Presently, OpenEden has just under $115 million in total value locked, or… x.com/i/web/status/1…
— OpenEden (@OpenEden_Labs)
2:09 PM • Sep 12, 2024

OTHER HEADLINES

Sony To Integrate Chainlink For Cross-Chain Interoperability For Soneium L2 - "The Defiant"

Sony's forthcoming Layer 2 network, Soneium, will leverage Chainlink CCIP for cross-chain interoperability.

thedefiant.io/news/blockchains/sony-to-integrate-chainlink-for-cross-chain-interoperability-for-soneium-l2

SUI leads the crypto market with a 27% weekly gain — What is behind the momentum?

SUI price rallied more than 13% today and has managed a double-digit gain over the past week. Cointelegraph explains why.

cointelegraph.com/news/sui-leads-the-crypto-market-with-a-27-weekly-gain-what-is-behind-the-momentum

Federal Judge Threatens Ryan Salame With Sanctions After Former FTX Exec Says He Lied About Plea Deal Last Year

Ryan Salame pled guilty to campaign finance violations in September but argued Thursday that prosecutors had promised him that they would cease any criminal investigations into Michelle Bond as part of his plea deal.

www.coindesk.com/policy/2024/09/12/federal-judge-threatens-ryan-salame-with-sanctions-after-former-ftx-exec-says-he-lied-about-plea-deal-last-year

CRYPTO TWITTER (X)

We're building a Bitcoin economy on Base
That starts today with cbBTC — the easy, secure way to use your Bitcoin in the global onchain economy
— Base (@base)
12:56 PM • Sep 12, 2024

They just conceded ETH is not offered as an investment contract security in secondary markets. But @SECGov will not explain why ETH and BTC but no others--because they can't. There is no plan, no framework, no logic, no due process, and certainly no respect for the law.
— paulgrewal.eth (@iampaulgrewal)
1:45 PM • Sep 12, 2024

After 6 months of sideways price action, it's hard to imagine #Bitcoin just going up let alone surpassing 100k.
But following previous cycles, that might be just what we can expect later this year.
The mid-top in 2024 was a far reach, being that price needed to make new all… x.com/i/web/status/1…
— CryptoCon (@CryptoCon_)
4:08 PM • Sep 12, 2024

SHARE!

Gif by fuzzyghost on Giphy

Love our newsletter? Share it with your friends, family, colleagues, interns who need to stay on top of the crypto markets! Join over 65,000 investors and crypto degenerates who read Midas Crypto daily!