| Time | Details |
|---|---|
| 2024-09-15 08:00 |
Staked Bitcoin Market Cap Poised for Growth
According to IntoTheBlock, the market cap for staked Bitcoin is currently less than 1% of the value of wrapped BTC tokens. In the upcoming weeks, there is an expectation for increased borrowing of wrapped tokens like WBTC and cbBTC against Bitcoin staking tokens. This could lead to leveraged exposure to platforms such as Babylon and Symbiotic. (Source) |
| 12:49 |
Custody Variations in Staked and Wrapped BTC Tokens
According to IntoTheBlock, while layered contracts and bridge exposure in the crypto space inherently carry risks, there are varying levels of custody in the new staked and wrapped BTC tokens. This differs from traditional institutions where verification of asset management is often not possible. Crypto traders should consider these custody levels when dealing with these tokens. (Source) |