0X4爷

August 24 Cryptocurrency Market Hotspot Tracking

1. Bitcoin Whale Operations Attract Attention: On August 24, an ancient Bitcoin whale deposited 5,000 BTC (approximately $575 million) into Hyperliquid for the purpose of exchanging for ETH. Currently, it holds 179,498 ETH (approximately $851 million) and maintains a long position of 135,265 ETH (approximately $641 million). Such large transactions impact market sentiment and capital flow.

2. ETHZilla Significantly Increases Fundraising Scale: Nasdaq-listed Ethereum treasury company ETHZilla revised its sales agreement and will raise up to $10 billion by issuing and selling common stock, with the aim of continuing to purchase ETH. This move reflects its optimistic outlook on the future value of Ethereum.

3. BlackRock BUIDL Fund Scale Grows: According to on-chain data, the BlackRock BUIDL fund has reached $2.38689 billion, with 88 holders. This fund is targeted at institutional investors, with a minimum threshold of $5 million, and management fees ranging from 0.20% to 0.50%. The growth in scale indicates institutional interest in cryptocurrency investments.

4. The Number of Cryptocurrency Types is Astonishing: As of August 2025, the total number of cryptocurrencies created globally exceeds 18.9 million, but only about 18,000 active trading coins are listed on mainstream tracking platforms. Most tokens lack value, users, and liquidity, with market value and attention concentrated on a few mainstream assets.

The cryptocurrency market remains full of uncertainties and opportunities, continuously attracting the attention of global investors, with its future direction worthy of ongoing observation.
#ETH创历史新高

Bitlayer Drives the BTCFi Revolution
Bitlayer is committed to building a trust-minimized financial layer on Bitcoin, leading the new era of BTCFi (Bitcoin Finance), allowing Bitcoin holders to generate passive income through DeFi applications.

BitVM Bridge: Secure Interoperability
The BitVM Bridge is based on the innovative BitVM technology, providing a trust-minimized BTC bridging solution that ensures state transitions are verified on the Bitcoin network through challenge verification models, ensuring security and efficiency. Bitlayer is one of the first projects to deploy BitVM on the mainnet.

Bitlayer Network: High-Performance DeFi Infrastructure
The Bitlayer Network is an EVM-compatible Bitcoin Layer 2 Rollup, offering low-cost, high-scalability transaction processing, supporting complex DeFi applications. YBTC is the native token pegged 1:1 to BTC, driving various financial operations within the ecosystem.

Market Support and Collaboration
Bitlayer has secured $25 million in funding, with investors including top venture capital firms like Polychain Capital and Franklin Templeton, and has established partnerships with mining pools such as Sui, Base, Arbitrum, Cardano, Antpool, and F2Pool, demonstrating market confidence.

Early Participation Opportunities
Bitlayer, in collaboration with Binance Wallet, has launched the second phase of the “Booster” campaign, allowing participants to interact with the network and gain opportunities for BTR token airdrops. The Pre-TGE event is about to start, further incentivizing community participation.

Summary
Bitlayer meets the core needs of BTCFi through secure bridging and high-performance networks, unlocking the financial potential of Bitcoin and paving the way for an open, secure, and programmable financial future.

#Bitlayer
@BitlayerLabs

From Digital Gold to Programmable Economy
Bitcoin has long been regarded as 'digital gold,' characterized by security and decentralization, primarily serving as a means of value storage. However, its rigid design limits functionality, allowing DeFi to thrive on other chains. Bitlayer aims to transform Bitcoin from a passive asset into the core of a dynamic on-chain economy by building a second layer on Bitcoin, unlocking dormant capital and driving innovation.

Core Values of Bitlayer
Bitlayer offers Bitcoin-level security and Ethereum-level programmability, addressing the issues of Bitcoin's utility shortcomings and Ethereum's security limitations. It constructs the BTCFi ecosystem through BitVM technology, EVM compatibility, and trustless bridging, positioning itself as a leader in the new financial paradigm.

Technical Highlights
1. BitVM Breakthrough: Achieving fast transactions through zero-knowledge validity proofs, combined with optimistic fraud proofs to ensure security, requiring only one honest participant to maintain the network.
2. EVM Compatibility: Supporting seamless migration of Ethereum smart contracts, lowering the entry barrier for developers, and accelerating the growth of the BTCFi ecosystem.
3. Trustless Bridging: Utilizing BitVM to design secure BTC transfers, protecting the integrity of the ecosystem.

Development Roadmap
- Bitlayer PoS (V1): The current mainnet has attracted numerous projects and funds, proving high performance and reliability.
- Bitlayer Rollup (V2): Future deployment of a complete BitVM architecture to enhance Bitcoin's native features and achieve comprehensive scalability.

Conclusion
Bitlayer is not just a technical upgrade, but a shift in the functionality paradigm of Bitcoin. It combines Bitcoin's security with EVM's programmability, laying the foundation for decentralized financial systems and transforming Bitcoin from static value storage into a dynamic engine of global finance.

#Bitlayer
@BitlayerLabs

Anti-counterfeiting and Ownership Protection
Bitlayer leverages the characteristics of the Bitcoin main chain to support the purchase of NFT digital merchandise related to anime IP, ensuring that NFTs cannot be counterfeited, solving the traditional challenges of anti-counterfeiting in anime merchandise.

Creator Revenue Sharing Mechanism
Through smart contracts, the original team automatically receives a 5% revenue share each time the NFT is traded, incentivizing creators and safeguarding their rights.

Fan Participation and Active Trading
Fans can purchase NFTs, such as digital figurines, using Bitcoin, and can make a profit from price differences after trading. Creators can also receive dividends. Certain leading IP digital collectibles sell out immediately upon launch, with fan trading activity being twice as high as on traditional platforms.

Extensive Cooperation and Market Performance
Currently, Bitlayer has partnered with over 40 anime studios to launch more than 200 Bitcoin NFT merchandise items, connecting anime IPs with fans and enhancing interaction and market vitality.

The Bridging Role of Bitcoin
Bitlayer makes Bitcoin a new link connecting anime IPs and fans, promoting the application and popularization of Bitcoin in the field of digital collectibles.

#Bitlayer
@BitlayerLabs

Main Risks for Bitcoin Holders
The three biggest concerns for Bitcoin holders: loss of private keys, incorrect transfer addresses, and exchange platform failures. These risks may lead to permanent loss or theft of assets.

Bitlayer's Smart Insurance Solution
Bitlayer has launched a decentralized insurance protocol on Bitcoin Layer 2, allowing users to purchase insurance by paying a small amount of BTR, providing protection against the aforementioned risks.

Private Key Loss Protection
With pre-set multi-signature nodes, users can safely recover their assets if they lose their private keys, avoiding financial losses caused by key loss.

Incorrect Transfer Handling
If users enter the wrong address during a transfer, the smart contract can freeze the funds and return them within 24 hours, quickly correcting the mistake.

Platform Failure Compensation
In response to the risk of exchange platform failures, Bitlayer's insurance protocol can automatically initiate a compensation mechanism when issues arise with connected exchanges, safeguarding user assets.

Actual Results
In the past six months, 80,000 users have participated in insurance, with a total insured amount exceeding $200 million. Case Study: A user mistakenly transferred 10 Bitcoins to an invalid address and recovered the assets through insurance within 3 hours.

Summary
Bitlayer's decentralized insurance protocol provides multiple protections for Bitcoin holders against private key loss, transfer errors, and platform failures, significantly enhancing asset security.

#Bitlayer
@BitlayerLabs

Why does Bitcoin resemble 'bricks' yet 'lie flat'?
Bitcoin is known as 'digital gold', excelling in value preservation and transfers, but lacking the Turing completeness of Ethereum, making it difficult to support complex smart contracts and DeFi applications. Bitlayer aims to solve this problem by adding programmability to Bitcoin.

How do BitVM + Rollup empower Bitcoin?
Bitlayer treats Bitcoin as the L1 layer of Rollup, relying on Bitcoin's PoW security at its core. The L2 layer supports smart contracts and transaction bundling, anchoring the state back to the main chain through zero-knowledge proofs (zk) or recursive verification, enhancing efficiency while maintaining security.

Dual-layer architecture: PoS speedup + recursive verification ensures security
Bitlayer adopts PoS consensus for rapid block production on L2, enhancing front-end responsiveness. Final settlement is done through Rollup and BitVM recursive verification back to the Bitcoin main chain, significantly reducing the need for direct interaction with the main chain, thus greatly improving efficiency.

Ecosystem layout: DeFi, dApp, and cross-chain working together
Bitlayer is compatible with EVM, facilitating the migration of Ethereum applications. It has launched DeFi projects (such as Trustin Finance, ENZO Finance, LayerBank), games, NFT marketplaces, Launchpads, and prediction markets, creating a Bitcoin DeFi ecosystem.

BTR token: multifunctional 'fuel'
BTR is Bitlayer's native token, used for staking, governance protocol parameters, and liquidity incentives. The total supply is fixed, inflation is controllable, similar to Bitcoin's DeFi 'internal fuel'.

Progress and cross-chain strategy
Bitlayer's mainnet has been running on AWS, showcasing impressive locked amount and daily trading volume, with an active community. Recently partnered with Solana to launch YBTC, backed 1:1 by Bitcoin, entering Solana DeFi, further expanding cross-chain gameplay.

Summary
Bitlayer injects smart contract and DeFi capabilities into Bitcoin through Rollup, PoS, BitVM, and zk/recursive verification. It is not just an expansion solution but a crucial step in making Bitcoin a universal chain.

#Bitlayer
@BitlayerLabs

New Opportunities for Bitcoin Appreciation
Bitlayer redefines the role of Bitcoin, transforming it from a mere store of value to an income-generating asset, providing Bitcoin holders with the possibility of asset appreciation through innovative BTCFi infrastructure, while meeting the demands of the integration of traditional finance and blockchain.

BitVM Bridge: Trust-Minimized Bridge
Bitlayer's BitVM Bridge is a new generation trust-minimized solution that seamlessly connects Bitcoin to other blockchains, expanding its application scenarios in decentralized finance (DeFi) and opening up more possibilities for users.

Efficient Bitcoin Rollup Network
Through the Bitcoin Rollup network, Bitlayer has built an efficient Layer 2 ecosystem that significantly enhances transaction speed and scalability while maintaining the security of Bitcoin, providing strong support for DeFi applications.

Strong Funding and Collaborative Endorsements
Bitlayer has secured $25 million in funding from top institutions such as Polychain Capital and Franklin Templeton, and partnered with Binance Wallet to launch generous airdrop rewards, providing more incentives for users to participate in the BTCFi ecosystem.

A Choice Suitable for Bitcoin Holders
For Bitcoin holders seeking asset appreciation, Bitlayer offers a secure and scalable DeFi platform that warrants attention to unlock greater potential for Bitcoin in decentralized finance.

#Bitlayer
@BitlayerLabs

Bitlayer's Goals and Innovations
Bitlayer is committed to transforming Bitcoin from 'digital gold' into an asset that generates stable returns, enhancing the financial value of Bitcoin through innovative BTCFi infrastructure.

Cross-Chain Solutions
Utilizing BitVM Bridge, Bitlayer provides trust-minimized cross-chain connectivity, supporting seamless interaction between Bitcoin and blockchains such as Sui, Arbitrum, Cardano, promoting the development of the Layer 2 ecosystem.

Strategic Partnerships and Ecosystem Expansion
Bitlayer collaborates with mining giants like Antpool and F2Pool, as well as leading platforms like Sui and Arbitrum, to rapidly expand its ecological influence, enhancing the utility and competitiveness of Bitcoin.

Investment and User Opportunities
With support from top institutions like Polychain Capital and Franklin Templeton, Bitlayer creates more earning possibilities for investors by providing airdrop opportunities in collaboration with Binance Wallet.

#Bitlayer
@BitlayerLabs

Core Positioning of Bitlayer
Bitlayer connects traditional finance with blockchain through innovative technology, combining the storage function of Bitcoin with the yield potential of DeFi, promoting the development of BTCFi, and making Bitcoin asset yield more efficient.

Innovative BitVM Bridge
Bitlayer launches the trust-minimized BitVM Bridge, enabling cross-chain liquidity for Bitcoin, expanding its use cases in DeFi, and integrating into a broader blockchain ecosystem.

High-Performance Layer 2 Solutions
Bitlayer builds an efficient Bitcoin Rollup to address transaction congestion and high fee issues, preserving Bitcoin's security and decentralization characteristics, while providing a faster and lower-cost trading experience.

Strategic Partnerships and Funding
Bitlayer collaborates with major mining pools and Layer 1 platforms like Sui, Base, Arbitrum, and Cardano, integrating into a multi-chain ecosystem, and has secured $25 million in institutional funding to accelerate market expansion.

User Incentive Mechanism
Through the "Booster" event, in cooperation with Binance Wallet, BTR token airdrops are provided, and Pre-TGE activities attract user participation to enhance ecosystem development.

#Bitlayer
@BitlayerLabs

The Core Goal of Bitlayer
Bitlayer is committed to building the ultimate Bitcoin infrastructure through BTCFi, addressing the monetization and scalability issues of Bitcoin assets, and promoting sustainable earnings for Bitcoin holders.

Innovative Technology: BitVM Bridge
Bitlayer has launched the trust-minimized BitVM Bridge, connecting Bitcoin with other blockchains to enhance cross-chain liquidity, and has achieved mainnet deployment.

High-Performance Layer 2 Ecosystem
Through Bitcoin Rollup technology, Bitlayer is building a high-performance Layer 2 network to enhance Bitcoin's application potential in DeFi and promote ecological prosperity.

Strategic Cooperation and Ecological Expansion
Bitlayer collaborates with Layer 1 networks such as Sui, Base, Arbitrum, Cardano, and mining pools like Antpool and F2Pool to continuously expand the ecosystem.

Financing and User Engagement
Bitlayer secured $25 million in institutional financing from Polychain Capital, Franklin Templeton, and partnered with Binance Wallet to launch the 'Booster' campaign to encourage user participation.

#Bitlayer
@BitlayerLabs

In-Depth Analysis of Bitlayer Technology Paradigm

Core Mission
Bitlayer is dedicated to extending the trustless value transfer of Bitcoin to complex financial computations through a trust-minimized technological paradigm, addressing the issues of traditional cross-chain bridges that rely on multi-signatures or centralized custodianship, while inheriting Bitcoin's decentralized philosophy.

BitVM: The Cornerstone of Trust Minimization
- BitVM builds an optimistic verification system using Bitcoin scripts, based on fraud proofs, assuming that "at least one honest participant" can ensure security.
- Users lock BTC in a smart contract; malicious transfers require on-chain verification, and honest observers can challenge fraud through logical gates, seizing the malicious party's funds to ensure asset security.
- The trust scope is reduced to "at least one person in the network exposes wrongdoing," significantly enhancing security.

ZK-Proof: High-Performance Scalability
- Bitlayer employs zero-knowledge proofs (ZK-Proof), including technologies like RISC Zero, SNARK, and STARK.
- Off-chain execution of complex computations generates concise proofs submitted to the Bitcoin main chain for verification, ensuring computational integrity.
- Achieve high TPS, low Gas fees, relieve the computational burden on the main chain, and focus on security and settlement.

EVM Compatibility: The Key to a Prosperous Ecosystem
- Bitlayer is EVM compatible, bypassing the non-Turing complete limits of Bitcoin scripts, attracting the Ethereum developer community.
- Developers can use tools like Solidity and Truffle to seamlessly migrate DeFi projects (such as Uniswap and Aave).
- Rapidly introduce financial applications such as lending, trading, and derivatives to enrich the Bitcoin ecosystem.

Summary
Bitlayer ensures security with BitVM, enhances performance with ZK-Proof, and expands the ecosystem with EVM compatibility. The combination of these three creates a layer-two platform that inherits Bitcoin's security while supporting complex financial applications, reshaping the trust mechanism.
#Bitlayer
@BitlayerLabs

Bitlayer Ignites the BTCFi Wave
Bitlayer transforms Bitcoin from 'digital gold' to 'yield-generating asset' through innovative technology, with BTCFi at its core, opening a new frontier for Bitcoin finance. It has secured $25 million in investments from top institutions including Polychain Capital and Franklin Templeton, earning recognition from leading players in the industry.

BTCFi: Seizing Opportunities in a Trillion-Dollar Market
Bitcoin holders want to earn yields but are concerned about security, while institutions lack compliant tools for entry. Bitlayer addresses these pain points by providing secure channels for institutions and creating a Bitcoin financial toolbox for users, leading the way into the trillion-dollar BTCFi market.

Dual-Core Drive: Technology Empowering Bitcoin
- BitVM Bridge: A trust-minimized cross-chain bridge that ensures Bitcoin security through a challenge verification mechanism, converting it to 1:1 YBTC, entering DeFi scenarios while balancing security and yield.
- Bitlayer Network: A high-performance Bitcoin Rollup with 10 milliseconds transaction speed and low costs, solving the issues of Bitcoin's slow and expensive transactions, supporting complex DeFi activities such as lending and mining.

Leading Technology: BitVM Implementation Pioneer
Bitlayer is the first to apply BitVM technology on the mainnet, enabling smart contract support without altering the Bitcoin main chain, endowing Bitcoin with new functionalities and seizing the advantage of being a technological pioneer.

Strong Ecosystem: All-Star Collaboration
- Collaborating with public chains like Sui, Base, Arbitrum, and Cardano to expand Bitcoin DeFi application scenarios.
- Partnering with top mining pools such as Antpool, F2Pool, and SpiderPool to enhance network security and efficiency, making ecosystem development unstoppable.

User Opportunities: Airdrops and Pre-TGE
- Booster Event: In collaboration with Binance Wallet, participation in the second phase of the event can earn BTR token rewards.
- Pre-TGE: Coming soon, early participants will have the opportunity to obtain tokens and share in project dividends.

Summary
Through technological innovation, top collaborations, and capital support, Bitlayer activates the financial potential of Bitcoin, allowing ordinary users to get involved through events and seize the wealth opportunity in BTCFi.
#Bitlayer
@BitlayerLabs

The Challenges of Bitcoin Micropayments
Bitcoin's high transaction costs and slow confirmation speeds make it difficult to use for micropayment scenarios.

Bitlayer's Technological Breakthrough
Bitlayer optimizes through Rollup architecture:
- Single transaction cost reduced to below $0.1
- Confirmation time shortened to 2 seconds
- TPS increased to 5000, meeting the needs of small, high-frequency payments

Lightweight Payment Protocol
Bitlayer has developed a lightweight payment protocol that supports merchants to quickly connect. The QR code payment process is similar to traditional mobile payments, and user operation is simple.

Actual Application Progress
More than 200 offline merchants already support Bitlayer's Bitcoin payments, covering catering, retail, service and other fields.

Significance and Prospects
Bitlayer promotes Bitcoin's transformation from an investment product to a payment tool, verifying its feasibility as "digital cash" and laying the foundation for large-scale popularization.
#Bitlayer
@BitlayerLabs

Seize the Core Opportunities of BTCFi
The approval of Bitcoin Spot ETFs accelerates the entry of traditional institutions and ignites the demand for native yields among BTC holders. Bitlayer positions itself as the BTCFi infrastructure, seizing the first-mover advantage in the trillion-dollar asset appreciation wave through technological innovation and ecological collaboration.

Bitlayer Network: High-Performance Bitcoin Rollup
Bitlayer Network builds a prosperous and sustainable Layer 2 ecosystem, providing a high-throughput, low-cost trading environment, with Bitcoin-level security and Turing-complete smart contract functionality, laying a solid foundation for BTCFi.

BitVM Bridge: Trust-Minimized Cross-Chain Bridge
BitVM Bridge is a Bitcoin cross-chain solution based on BitVM, and it is the first to achieve mainnet launch. Its trust-minimized design locks BTC through smart contracts, with YBTC tokens pegged 1:1 to BTC, supporting cross-chain DeFi applications, ensuring both security and efficiency.

Extensive Ecological Collaboration
Bitlayer has established strategic partnerships with top public chains such as Sui, Base, Arbitrum, Cardano, as well as major mining pools like Antpool, F2Pool, and SpiderPool, promoting cross-chain interoperability and computing power integration, accelerating the expansion of the BTCFi ecosystem.

Top Capital Endorsement
Bitlayer has completed a $25 million financing round led by Polychain Capital, Franklin Templeton, Framework Ventures, ABCDE, highlighting the tremendous potential of its technological roadmap and market prospects.

Community Participation and Airdrop Opportunities
Bitlayer has partnered with Binance Wallet to launch the second phase of the "Booster" campaign, where participants can earn $BTR tokens. The upcoming Pre-TGE event provides potential returns for early users, attracting widespread community participation.

Summary
With the advantages of BitVM technology, a strong ecological network, and top capital support, Bitlayer has become a leader in the BTCFi track, providing critical infrastructure for Bitcoin's transformation from a value store to a productive asset.
#Bitlayer
@BitlayerLabs

Bitlayer is the first modular Layer2 project based on Bitcoin, built using the OP Stack, breaking through the limitations of traditional BTC L2 to achieve a highly scalable and composable ecosystem. Its core features include:

- Modular architecture: Supports flexible plug-and-play components (such as StarkVM, EVM), suitable for diverse application scenarios like DeFi and AI inference.
- Strong connection to the Bitcoin mainnet: Based on Optimistic Rollup, inheriting Bitcoin's security and censorship resistance, supporting native BTC participation in smart contracts, enhancing programmability.
- Ecosystem layout: Has attracted projects such as stablecoin protocols, DePIN networks, Bitcoin MEV tools, and DeFi applications, focusing on real-world use cases.
- Market potential: Under the backdrop of the BTC ETF launch and halving cycle, Bitlayer, as the infrastructure for the BTC L2 blue ocean market, possesses technical and narrative advantages.

Bitlayer combines modular innovation with the spirit of Bitcoin, becoming a pioneering project to reshape the BTC Layer 2 ecosystem, worthy of attention.
#Bitlayer
@BitlayerLabs

Bitlayer Korea Meetup Overview
- Recently held in Seoul, attracting about 200 members of the Korean Bitlayer community.
- The event atmosphere was lively, focusing on the exchange of Bitcoin Layer 2 technology.
- Provided a platform for knowledge sharing and face-to-face communication among community members.
- Core members of the Bitlayer team participated, answering questions and sharing progress on Bitcoin smart contracts and scaling solutions.

Bitlayer Core Technology Highlights
- Opvm (Optimistic Virtual Machine): A smart contract execution environment based on the Bitcoin mainnet, balancing main chain security and efficient processing.
- BitVM Optimistic Verification Mechanism: Enhances the scalability and programmability of the Bitcoin network, ensuring security.

Event Background and Significance
- The event coincided with Blockchain Week in Korea, promoting professional exchanges within the region through this industry event.
- Provides a stage for showcasing technological innovation projects and enhancing community cohesion.
- Participants broaden their technical horizons and deepen industry connections.

#Bitlayer
@BitlayerLabs

Highlights of Folks Finance's Collaboration with Bitlayer Labs:
- Building cross-chain and cross-ecosystem DeFi financial scenarios to enhance the liquidity and convenience of Bitcoin assets in DeFi.
- Folks Finance provides multi-chain lending technology and liquidity support to address the fragmentation of DeFi liquidity and cross-chain friction issues.
- Bitlayer Labs introduces Layer 2 programmability and cross-chain bridging for Bitcoin, empowering Bitcoin to participate in a broader DeFi ecosystem.
- The collaboration enhances the freedom and security of cross-chain lending and asset management, reducing operational complexity and risk.
- Promoting the closed loop of the BTCFi ecosystem, marking the transition of the crypto space towards an open and efficient cross-chain financial ecosystem by 2025, bringing rich financial products and innovative scenarios.

#Bitlayer
@BitlayerLabs