Search results for WBTC
Crypto
Circle launches cirBTC on Ethereum, targets institutional bitcoin collateral infrastructure
Circle has launched cirBTC, a bitcoin token on Ethereum backed 1:1 by native bitcoin, positioning it as a starting point for building institutional collateral infrastructure. The company said it holds the underlying bitcoin through its own entity and manages reserves separately from corporate assets, with on-chain reserve visibility. The product is designed to work with Circle Mint and USDC flows and is expected to add Arch and other chains.
Crypto
Bitcoin DeFi protocol Echo hacked after admin key stolen
Bitcoin-focused DeFi protocol Echo was hacked on May 18, after an attacker stole a service administrator key used on the Monad chain. Onchain Lens said the attacker minted 1,000 eBTC tokens, pledged 45 eBTC on DeFi lending protocol Convergence and borrowed about 11.29 WBTC, then bridged it to Ethereum, swapped to ether and moved 385 ETH to Tornado Cash. Echo said it recovered the key and burned 955 eBTC.
Crypto
Warren says U.S. taxpayer money must not bail out crypto investors
U.S. Democratic Senator Elizabeth Warren called on Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell to publicly commit to not using taxpayer funds to rescue the cryptocurrency industry, according to a U.S. Senate website cited by CoinPost. Warren said government intervention to stabilise the volatile market could primarily benefit wealthy investors and flagged potential conflicts of interest tied to World Liberty Financial. She also opposed a bitcoin strategic reserve plan.
