News & Updates : BOB Secures $9.5M for Bitcoin DeFi Development#Notcoin #USFedBTCReserve #CryptoIn401(k) #Bob $BTC
BOB, a Bitcoin DeFi protocol, has raised $9.5 million to enhance its infrastructure, aiming to launch the BitVM bridge and enable BTC staking for DeFi applications.
In recent developments, BOB, a Bitcoin DeFi protocol, has successfully raised $9.5 million to further its mission of creating a robust Bitcoin DeFi ecosystem. This funding will support the launch of the BitVM bridge, allowing users to utilize BTC across various DeFi protocols. Meanwhile, SharpLink Gaming has raised $200 million to bolster its ether holdings, bringing its total to over $2 billion, as part of a growing trend among firms adopting ether treasury strategies. The cryptocurrency market also faced significant liquidations, totaling $274 million, with short positions dominating the losses. NEAR Protocol demonstrated resilience with a 5% recovery amid market volatility, driven by institutional accumulation. Lastly, insights from Bitwise suggest that incorporating cryptocurrency into U.S. retirement accounts could attract between $80 billion and $800 billion, highlighting the growing interest in digital assets within traditional finance. These developments reflect the dynamic nature of the cryptocurrency landscape, where institutional interest and innovative projects continue to shape the market.
