Odaily Planet Daily News: Bitcoin DeFi infrastructure Bitlayer, backed by traditional asset management giant Franklin Templeton, announced the launch of the smart contract cross-chain bridge BitVM on its mainnet. This solution allows users to lock Bitcoin into a smart contract and convert it into a cross-chain interactive wrapped asset Peg-BTC (YBTC), which has now been integrated with networks such as Sui, Base, and Arbitrum. Bitlayer stated that this bridging solution employs a single-signature verification mechanism to optimize security and aims to enable the liquidity of native BTC to enter the smart contract ecosystem without altering the underlying Bitcoin protocol. (Cointelegraph)