solvbtc

According to market news, Solv Protocol announced the migration of over $700 million of SolvBTC and xSolvBTC from the LayerZero cross-chain bridge to Chainlink's CCIP, and the deprecation of LayerZero support on networks such as Corn, Berachain, Rootstock, and TAC.Solv stated that this move is based on the latest security review and recent cross-chain attacks, positioning CCIP as the standard cross-chain infrastructure. This migration follows Kelp DAO's shift to Chainlink after its LayerZero-based bridge suffered an attack of approximately $292 million in rsETH.

Solv Protocol official announcement, a limited vulnerability exploitation occurred in a single BRO Vault, affecting a very small number of users (fewer than 10), with an affected amount of 38.0474 SolvBTC, approximately 2.7 million USD. All other vaults and user funds remain secure and unaffected. Solv Protocol is actively investigating with security partners and has taken measures to prevent any recurrence of such incidents.Solv Protocol will cover the related losses for affected users. Additionally, the official has reached out to the hacker, offering a 10% white hat bounty if the funds are returned promptly.

ChainCatcher news, according to PR Newswire, Zeta Network Group (NASDAQ: ZNB) today announced the signing of a securities purchase agreement to raise a total of $230,837,060.2 through a private placement.This issuance includes (1) Class A common stock; (2) warrants (each warrant can purchase one share of Class A common stock at an exercise price of $2.55 per share), with the final issuance price for the Class A common stock and warrants combination set at $1.7 per unit.The total amount raised of $230,837,060.2 will accept payments in Bitcoin or SolvBTC. SolvBTC is a 1:1 pegged token to Bitcoin issued by Solv Protocol, which serves as an on-chain Bitcoin reserve, providing institutional-grade mechanisms for productive applications of Bitcoin holdings. This private placement is expected to be completed by October 16, 2025, subject to customary closing conditions.

ChainCatcher news, GAIB, in collaboration with Sei, CIAN, Takara, and Solv, has launched the SolvBTC Vault, introducing AI-driven returns for Bitcoin assets.Users only need to deposit SolvBTC into the CIAN Vault once, and the system will automatically execute the fund allocation process, including:Pledging SolvBTC to TakaraAutomatically lending USDC/USDTThe borrowed funds will be directly invested in the GAIB vaultEarn 5x Spice points and real returns from GPU computing powerAt the same time, users can receive a reward equivalent to 5% of Sei chain rewards, covering borrowing interest, achieving zero-cost operations while stacking multiple returns.

ChainCatcher news, the Bitcoin staking protocol Solv Protocol announced that SolvBTC and SolvBTC.LSTs have been launched on the Sonic Labs mainnet, allowing users to cross-chain their Bitcoin assets to the Sonic ecosystem.

ChainCatcher news, according to OnchainLens monitoring, a giant whale fell victim to a scam, losing 80.71 SolvBTC, worth approximately 7.8 million dollars, due to a deceptive transaction.

ChainCatcher news, the decentralized currency protocol Venus announced that SolvBTC has been included as a core pool asset, making SolvBTC the second Bitcoin asset to enter the Venus core pool after BTCB. SolvBTC is a Bitcoin reserve asset issued by the Bitcoin staking protocol Solv Protocol. Users can use SolvBTC as collateral for lending while maintaining exposure to the long-term value of Bitcoin, further enhancing its liquidity efficiency and expanding its application scenarios.

ChainCatcher news, the OKX Bitcoin DeFi reward event is now live. Users can share a reward of 1600 AVAX tokens (approximately $40,000) by minting BTC.b into SolvBTC. After that, users can stake the minted SolvBTC on Babylon to earn solvBTC.BBN and gain an additional 0.59 SolvBTC (approximately $40,000), while still enjoying AVAX rewards.It is reported that SolvBTC is a universal Bitcoin reserve token designed to unify cross-chain Bitcoin liquidity. It allows Bitcoin holders to use their assets across multiple chains, earn yields, and participate in DeFi protocols while maintaining the liquidity of Bitcoin.

ChainCatcher news, according to CoinDesk, the Bitcoin staking platform Solv Protocol has launched a new Bitcoin staking method for cbBTC holders on Base (cbBTC is the newly launched wrapped Bitcoin by Coinbase, which has been live on Ethereum and Coinbase's Ethereum Layer 2 network Base since last week).According to the Solv team, Solv Protocol allows cbBTC tokens to be minted into SolvBTC, which can further be converted into a new liquid staking token SolvBTC.BBN.

ChainCatcher news, Web3 liquidity infrastructure Solv Protocol announced on X that the details of SolvBTC.BBN's third epoch will be revealed soon.It is reported that SolvBTC.BBN is a new LST for Bitcoin.

ChainCatcher news, according to official information, BTC on different chains can be converted into the multi-chain yield token SolvBTC through the Solv Protocol. Currently, the total market capitalization of SolvBTC has exceeded 1 billion USD (over 15,000 Bitcoins). In the past two weeks, more than 20 DeFi protocols and public chains have announced acceptance of SolvBTC, including the public chains Linea and zklink Nova, which are currently conducting mining activities, both of which have announced that SolvBTC will be added to their whitelist of assets for incentive activities. Users can cross-chain SolvBTC to Linea or zklink Nova to earn reward points. SolvBTC has become one of the Bitcoin assets with the highest consensus in the BTCFi ecosystem, aside from BTC, WBTC, and BTCB.

ChainCatcher news, the decentralized asset management infrastructure Solv Protocol has launched the Solv Points system. Users can earn points by using SolvBTC; the more funds deposited and the longer the holding period, the more points earned.At the same time, users can earn points through referrals, reaching investment thresholds, or participating in community activities. All points earned can be used to receive future Solv airdrops, and the airdrop tokens will be allocated to this points system and early adopters of Solv.