$BTC BRIEF UPDATE. Bitcoin is trying to break through the | Crypto Web3 Today on Binance Square

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Bullish

 $BTC BRIEF UPDATE.
Bitcoin is trying to break through the KEY RESISTANCE of $116,200 on a strong impulse!
If this resistance is broken up today, we will see $BTC at the new ATH next week.
Praying.
$BTC 

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A Project Developing Decentralized Finance (DeFi) Solutions Based on Bitcoin Has Raised Millions of Dollars in Investment! BOB (Build on Bitcoin), a company developing decentralized finance (DeFi) solutions based on Bitcoin, announced that it has raised $9.5 million in its latest strategic investment round. This investment brings the project's total funding to $21.1 million. BOB Raises $9.5 Million for Bitcoin DeFi Expansion Investors who previously participated in the round included Castle Island Ventures (which led the initial $10 million seed round), Ledger Cathay Fund, RockawayX, Asymmetric, IOSG Ventures, UTXO Management, Daedalus, CMS, Bankless Ventures, Hypersphere, Alliance, and Sigil/Zeeprime. Additionally, Anchorage, Amber Group, and Sats Ventures supported BOB as new strategic investors in this round. BOB had previously completed a $1.6 million angel investment round. The company's valuation was not disclosed. Nic Carter, co-founder of Castle Island Ventures, explained their investment decision: “We believe Bitcoin DeFi has great potential and believe BitVM is the best way to facilitate trustless BTC deposits and withdrawals. BOB is the only Layer 2 project to implement both BitVM and Bitcoin finality via staked Bitcoin. We are excited to increase our investment and support BOB's vision of becoming the Bitcoin DeFi gateway.” With this new funding, BOB aims to further develop its hybrid model, create new use cases, and add liquidity to Bitcoin. BOB aims to develop a hybrid chain that combines the advantages of the Bitcoin and Ethereum networks. In this model, applications, assets, and transactions are secured with staked $BTC . BTC-collateralized bridges are also planned, allowing Bitcoin to generate returns across different networks. Still in early development, BOB doesn't have a completely trustless Layer 2 structure like classic Ethereum rollups. However, it's among the next-generation Bitcoin Layer 2 projects and operates as a hybrid EVM chain connected to Bitcoin via multi-signature bridges.

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Wall Street opens. US markets begin trading. US stock indices open mixed today, amid anticipation of important economic data and the corporate earnings season. Dow Jones: ⚖️ Nasdaq: 📉 S&P 500: 📈 $UNI $PHB $HEI

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Altcoins have retested their previous local highs on this recent correction. This is a key area to hold to remain in a bullish trend locally. Alts have topped in late 2024 after the election run up. It has been a rough ride for them since but we've seen renewed interest towards alts after the recent ETH run. This won't go full on crazy mode until it reaches new highs. $ETH $SOL $BNB

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President $TRUMP 's statement that the process of selecting the next Federal Reserve chair has begun and that all three nominees are from Wall Street reflects a clear shift toward individuals with strong financial backgrounds in major financial markets and institutions. $TRUMP

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$Here are the most important developments. $TRUMP 's tariffs take effect, putting pressure on the global economy. Average US tariffs rise to 15.2%, the highest level since World War II. The tariffs include major trading partners such as Japan, the European Union, India, and Switzerland. Warnings of an economic slowdown, recession, and rising inflation in the US. The timing coincides with a decline in job growth and spending in the US market. The euro rises, approaching a two-week high against the dollar. Markets await US initial jobless claims data and the Bank of England's interest rate decision. $TRUMP

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