Key Highlights Shares reached a 52-week peak of $76.56, gaining 2.32% in Tuesday’s session with a $7.28 billion market valuation Year-over-year gains stand at 40.32%, with a 31.8% increase recorded over the last six months Truist Securities maintains its Buy recommendation with an $85 target, highlighting robust marketplace trends continuing into mid-June First-quarter fiscal 2026 revenue exceeded expectations by approximately 3%, while adjusted EBITDA surpassed forecasts by roughly 5% The company upgraded its fiscal 2026 GMS growth forecast to low single-digit territory; divesting Depop is anticipated to enhance strategic concentration on the primary platform Shares of Etsy (ETSY) climbed to a 52-week peak of $76.56 during Tuesday’s trading session on June 24, closing at $76.65 — representing a 2.32% intraday gain. The performance extends the stock’s impressive year-over-year advance of 40.32%.
Etsy, Inc., ETSY
The company’s market capitalization currently stands at $7.28 billion, with InvestingPro data indicating the shares remain undervalued at current price levels.
The rally coincides with an increasing chorus of optimistic analyst commentary. On June 23, Truist Securities reaffirmed its Buy stance alongside an $85 price objective, highlighting better-than-anticipated sales momentum extending through mid-June.
According to Truist’s examination of payment card transaction data covering the period through June 16, sales performance for the quarter-to-date period is outpacing initial projections. The primary marketplace — when Depop is excluded from calculations — is demonstrating recovery signals in both active buyer counts and gross merchandise sales volumes.
Truist projects that core Etsy marketplace GMS will expand in the mid-single-digit percentage territory on a year-over-year basis during Q2 2026. This would represent the second-strongest growth rate recorded since the pandemic era.
The investment firm attributes the acceleration to enhancements in search functionality, artificial intelligence-driven product discovery features, improved marketing return on investment, and increased mobile application engagement.
First Quarter Performance Exceeds Expectations Etsy’s fiscal Q1 2026 financial results surpassed both internal company forecasts and Wall Street consensus estimates. Top-line revenue came in approximately 3% above expectations, while adjusted EBITDA exceeded projections by around 5%.
In response to these results, Guggenheim increased its price objective to $85 while maintaining its Buy recommendation. JPMorgan similarly raised its target to $75, characterizing the quarter as the first significant expansion in Etsy Marketplace GMS since the third quarter of 2023.
Argus took an even more decisive stance, elevating its rating from Hold to Buy. The research firm highlighted progress in active buyer metrics and GMS per active buyer statistics, which it linked to the company’s investments in personalization technologies and machine learning capabilities.
Following the first-quarter performance, Etsy management elevated its full-year fiscal 2026 GMS growth guidance to low single-digit percentage growth.
Strategic Divestiture of Depop Expected to Enhance Focus The upcoming divestiture of Depop represents another significant development in Etsy’s strategic narrative. Company leadership intends to leverage this transaction to concentrate resources and attention on the core marketplace business.
The transaction is also projected to generate liquidity that could fund expanded share repurchase initiatives. According to InvestingPro metrics, management has already demonstrated a commitment to aggressive stock buyback programs.
Etsy’s PEG ratio currently registers at 0.46, indicating shares are trading at an attractive price-to-earnings valuation when normalized for projected growth rates. The company maintains gross profit margins of 71.6%.
During the 2026 Annual Meeting, shareholders approved the appointment of three Class II board members — M. Michele Burns, Josh Silverman, and Fred Wilson — who will serve three-year terms concluding at the 2029 annual gathering.
Truist continues to hold an optimistic perspective on Etsy’s trajectory as the quarter approaches its conclusion, with shares now trading at their strongest level over the past twelve months.
Bitcoin has fallen below the lowest band on the Bitcoin Rainbow Chart model, used to track long-term price trends, entering the purple zone labeled “Bitcoin is dead.” This level, in the original version of the model, historically only indicates periods of extreme panic and worthlessness that have occurred very rarely.
Developed in 2014 by Reddit user Azop, the Bitcoin Rainbow Chart tracks Bitcoin’s long-term price movement using a logarithmic growth curve. Different colored regions in the model represent different phases of market sentiment. Bitcoin falling below the lowest band is considered a remarkable development, occurring only twice in the model’s history.
Some Bitcoin observers interpret this price drop to this region as a significant bullish signal. Those who hold this view point to Bitcoin forming a cyclical bottom in 2022 after falling to around $15,000, and then undergoing a strong recovery.
However, analysts have differing opinions on the meaning of this signal. Markus Levin, co-founder of XYO, stated that Bitcoin’s price falling below a range that has been valid for more than 10 years indicates a structural change in the model. According to Levin, this doesn’t mean Bitcoin is “dead”; rather, it shows that the Rainbow Chart model has lost its validity.
Ethra COO Emad Shahin also stated that the Rainbow Chart should be seen more as an indicator of sentiment than a forecasting tool. GoMining CEO Mark Zalan said that the “Bitcoin is dead” zone doesn’t mean Bitcoin is truly over; historically, this zone has often corresponded to periods of extreme panic and low valuation. According to Zalan, corrections and recovery tend to be seen in the market after such periods.
However, the increasing role of institutional investors, spot ETF flows, derivatives market activity, and macroeconomic developments in Bitcoin pricing reduces the effectiveness of analyses based solely on historical valuation models.
Bitget’s chief analyst, Ryan Lee, stated that Bitcoin’s position in the lower region of the Rainbow Chart indicates weakening market sentiment, but this doesn’t necessarily mean a new and sharp low is imminent. According to Lee, a further decline in risk appetite could lead to Bitcoin falling towards the $50,000 range, a possibility that cannot be entirely ruled out.
*This is not investment advice.
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Ex-SEC Commissioner Takes on Key Role at Blockchain Real Estate Platform Propy
Shalini Nagarajan
Crypto Reporter
Shalini Nagarajan
Part of the Team Since
Jan 2024
About Author
Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.
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September 13, 2024
Blockchain real estate platform Propy on Friday appointed Michael Piwowar, a former acting SEC chairman and commissioner, as an advisory Board member. He will guide the company through key regulatory environments, the company said.
Michael Piwowar was a US SEC commissioner from 2013 to 2018. He now serves as a distinguished policy fellow at Georgetown University’s Center for Financial Markets and Policy. He also worked as a senior economist at the White House under George Bush and Barack Obama.
“I’m incredibly excited to be aligning with Propy as the real estate market presents an enormous opportunity for innovation,” Piwowar said. “Real estate is a cornerstone of the global economy, and leveraging cutting-edge technologies like blockchain and AI are essential to overcoming the many challenges the industry faces.”
Former Wall Street Journal Columnist Michael Casey Joins Propy BoardAlso on Friday, Propy announced that journalist Michael Casey joined its Board after serving four years as Chief Content Officer at CoinDesk. Casey also helped launch the MIT Media Lab’s Digital Currency Initiative, where he still advises.
Before that, he worked at The Wall Street Journal as a reporter, editor and columnist. He has also authored six books, including his latest, “Our Biggest Fight: Reclaiming Liberty, Humanity, and Dignity in the Digital Age,” co-written with business leader Frank McCourt.
Propy uses blockchain, smart contracts, and cryptocurrency to revolutionize real estate transactions. Users start by selecting properties like traditional listings, but Propy adds blockchain for extra verification and security. Once the buyer and seller agree, Propy creates, encrypts, and records the purchase agreement on the blockchain.
Michael Arrington and Grant Cardone Among Propy Users TechCrunch founder Michael Arrington was an early adopter, selling a Kyiv apartment as an NFT through Propy. Likewise, entrepreneur Grant Cardone listed his $42m Miami property on Propy.
In March, Propy launched Propykeys, allowing users worldwide to create digital addresses for physical properties, from homes to global landmarks. Built on Ethereum L2 Base, this initiative enhances deed security by moving from paper records to blockchain. This shift not only combats deed fraud but also streamlines many aspects of traditional real estate transactions.
Singapore's proximity to China, Japan, and India, paired with world-class trade infrastructure and a stable political and regulatory landscape, cements its status as a premier business hub in the region. With English as an official language, communication, and navigation are furthermore effortless—Singapore can be regarded as the West's gateway to Asia.
Takeaway 1: Invest In China
At the Milken Institute's Asia Summit, Ray Dalio, founder of Bridgewater Associates, warned of looming economic challenges, describing it as a "hundred-year storm." While U.S. assets may be fairly valued, they carry more risk to the downside. Accordingly, Dalio advised diversifying into Asia, with China offering significant potential for growth.
"You need to diversify into Asia," Hui said. "That's where the growth is."
Takeaway 2: Global Trade Order Disrupted
Peter Mandelson, the co-founder and president of Global Counsel and chairman of the International Advisory Board, focused on growing uncertainties around the global trading order and the shift towards a multipolar world, noting that "danger signals are flashing."
Jacqueline Poh, managing director of Singapore's Economic Development Board, pointed out that Southeast Asia—especially Singapore—is benefiting. While global trade as a percentage of GDP has decreased, foreign direct investment (FDI) has risen in Southeast Asia, with companies increasingly moving their global supply chain hubs to Singapore.
Also Read: Japan’s Nikkei Plummets Over 2,000 Points Amid Change Of Guard, While Chinese Market Extends Stimulus-Driven Run: What’s Driving Sentiment In Asia
Takeaway 3: Recruiting Beyond Universities
Takeaway 4: Words To Motivate A Workforce
On the same panel, James Vowles, the team principal of Williams Racing, shared his approach to leadership, which focuses on trusting and empowering his team.
"My job is to put them on a pedestal and promote them to the world," he said. "They are remarkable individuals—let the world know that."
Takeaway 5: Walk Before Running In Crypto
Wrapping up Benzinga's coverage at the Milken Institute's Asia Summit, Crypto.com's President and Chief Operating Officer, Eric Anziani, expressed a more measured approach to making digital assets accessible to everyone worldwide.
"We like to set the foundation before we run," he explained. "Then we go aggressive and put our name out there," referencing Crypto.com's strategic approach to marketing, something its competitor OKX serendipitously nailed across the city after it unveiled the limited-edition ‘Legend Reborn' livery on the car that ended up winning the 2024 Singapore Grand Prix.
"If you look at crypto, for a large part of our existence, it's been a very engineering-lead industry," OKX's Chief Marketing Officer Haider Rafique shared during a TOKEN2049 panel alongside McLaren Racing driver Lando Norris. "We want to be remembered as a design and engineering-led technology company."
Takeaway 6: Crypto Moving To Horizontal Model
"Only the professional trading firms and HFTs have been able to have access to that."
Takeaway 7: Crypto's Real-World Use Cases
Propy co-founder Denitza Tyufekchieva privately showcased how blockchain makes real estate transactions faster and safer. She explains that Propy automates processes like title transfers and escrow, allowing buyers to verify funds and complete purchases within minutes. Conversely, agents can lean on AI to cut paperwork and focus more on clients.
"We've built this transactional engine that allows the instant access of transfer of ownership and transfer of funds and everything to be recorded on-chain," Tyufekchieva said, noting Propy is building a single source on-chain registry for real estate ownership. "Our mission is to help end users buy and sell real estate quickly."
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Economist Ben Golub Sounds Alarm On Upcoming US Shipping Strike Affecting 36 Ports: ‘Chaotic Supply Chain Crisis’ Of 2021-2022 Threatens To Resurface Photo courtesy of OKX.
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As the U.S. Congress heads toward what many predict will be its most crypto-friendly session yet, Tanya Solati, vice president of business development at Propy, saw this as an opportunity for meaningful regulatory progress.
Solati, who will be speaking at the upcoming Benzinga Future of Digital Assets event on Nov. 19, shared her perspective on what's needed to advance the digital asset space, particularly regarding tax reforms and tokenization.
Simplifying Tax Rules to Encourage UseSolati pointed to the current tax laws as a significant barrier to broader adoption. Under existing rules, every crypto-to-fiat transaction results in a capital gains tax, making daily use impractical.
“A major game changer could be reworking tax laws, especially for small transactions,” Solati explained, emphasizing that removing such penalties could enable a more seamless user experience.
This reform would make digital currencies more suitable for everyday transactions, which she believes could drive wider engagement. Removing tax penalties on smaller exchanges would make digital currencies more practical, allowing users to trade, purchase and sell without constant tax implications.
Real-World Asset Tokenization Gains MomentumA central focus of Solati's discussion was the tokenization of real-world assets (RWAs), which she believed was a crucial step in the evolution of the digital finance landscape.
"With BlackRock heavily investing in tokenized RWAs, it's clear that this represents a shift in the future of finance," she said. Solati viewed this development as a significant indicator of where digital assets are headed as traditional finance players move deeper into the space.
Solati noted that for this tokenization model to reach its full potential, regulatory frameworks must accommodate smoother transaction processes and avoid tax triggers at every step. Adjusting these laws could allow the RWA market to expand further, making it more appealing to investors and users.
Defining Digital Assets ClearlyIn addition to tax adjustments, Solati emphasized the importance of clearly defining different types of digital assets, such as cryptocurrencies, stablecoins and DeFi tokens. She suggested clearer definitions could provide the foundation for more precise regulations, leading to better compliance and wider adoption.
Solati sees the potential for these regulatory developments to create a more organized and accessible digital asset environment. With clearer guidelines, she believes that institutions, retail investors, and everyday users will be more comfortable engaging with digital currencies.
Looking AheadWhile there are still many challenges ahead, Solati remained optimistic. She saw the upcoming legislative session as an opportunity to address the issues holding back digital asset adoption, primarily through tax reforms and clear regulations.
Photo by Avi Rozen on Shutterstock
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With the rising institutional interest in digital assets, Tanya Solati, vice president of business development at Propy, recently shared her perspective on why firms like BlackRock and PayPal are increasing their involvement in the blockchain space.
Solati will speak at the upcoming Benzinga Future of Digital Assets event, focusing on regulatory changes and their impact on digital finance.
Regulatory Clarity Behind Institutional MovesSolati attributed the surge in institutional participation to clearer regulations. "One of the strengths of the U.S. market is the clear and structured regulatory process, which is why it continues to attract so much global investment," she noted. She pointed out that the recent approval of crypto-related ETFs, which had previously faced delays, has significantly contributed to this shift.
Solati explained that firms like BlackRock, previously hesitant to enter the crypto space, are now moving forward because of greater regulatory certainty.
"BlackRock has invested tremendous resources behind the scenes, dedicating countless hours and thousands of meetings to navigate the complexities," Solati said. She emphasized that a firm of BlackRock's caliber would not commit such efforts without seeing strong potential in the evolving market.
Realigning Institutional PrioritiesAccording to Solati, the recent momentum isn't primarily driven by blockchain technology or philosophy but rather by a more defined regulatory framework. "This regulatory certainty, rather than the underlying tech, unlocks institutional interest in the space," she said. She emphasized that having clear guidelines has helped institutions navigate the complexities of the crypto market, fostering increased engagement.
What’s AheadPhoto by stockphoto-graf on Shutterstock
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High entry barriers, complex transaction processes, and geographical boundaries have historically constrained the real estate and fine art markets.
These difficulties though aren’t slowing down the management of traditional assets—especially on the blockchain. According to a report by Standard Chartered, tokenized Real-World Assets (RWAs) will reach $30 trillion by 2034. This significant potential growth points to the untapped potential of real-world assets. Tokenization through the blockchain is revolutionizing how traditional assets are managed today. It is transforming global trade by improving accessibility and liquidity.
Blockchain technology is shaking up traditional asset management by improving transparency and immutability, increasing efficiency, enhancing security, and providing global accessibility. There is less intermediary involvement in tokenized assets, unlike what is obtainable with traditional asset management. Eliminating middlemen makes the process more transparent (reducing fraud and increasing trust) and less complex. In this article, we will explore how traditional assets are being bridged to the digital space using tokenization.
Real-World Assets TokenizationReal-world asset tokenization is the process of issuing digital tokens based on the blockchain to physical or traditional assets like gold, real estate, machinery, etc. Essentially, the tokenization of these assets involves creating tokens that are typically issued as smart contracts on blockchain networks like Ethereum, Solana, Polygon, etc. Every token issued represents a fractional ownership of the underlying asset, and this is backed by a legal framework ensuring the connection between the token and the physical asset.
A wide variety of assets can be tokenized, they include:
Financial Instruments like stocks, bonds, and other structured products Real Estate like commercial and residential properties Commodities like gold, silver, oil, etc Assets like arts and collectibles RWA Tokenization and the Opportunities in the Market We are at a transformative phase in the financial markets with RWA tokenization. This use case of blockchain technology has seen renowned financial institutions and fintech innovators actively developing and partnering with tokenization platforms. According to forecasts, it is predicted that 7-9% of investors’ portfolios will be allocated to tokenized assets by 2027 and the industry is on course to reach that.
A pointer to this is the market experiencing traction in securities tokenization, with major players like BlackRock, Goldman Sachs, Franklin Templeton, and JPMorgan launching dedicated tokenization initiatives. $10 trillion BlackRock for instance recently partnered with Securitize to provide better access to traditional financial products via digitization. BlackRock’s tokenized fund BUIDL, is leading the tokenized Treasury category with a market cap of $541 million. Franklin Templeton’s tokenized Treasury FOBXX is the third-largest with a market capitalization of $410 million.
The Total Value Locked (TVL) in the RWA sector at the time of writing is $6.4 billion. This represents the industry’s economic value and its universal acceptance. As institutional-standard infrastructure continues to mature for trading, custody, and other products and services, private market assets like real estate and private equity have emerged as early adoption leaders.
Some key drivers of this adoption include the demand for access to premium investment opportunities without intermediaries, the push for more liquidity in otherwise traditionally illiquid assets, and major cost reductions in asset management and transactions.
The sector however faces significant challenges still, some of which include the complexity of integrating traditional financial products with blockchain infrastructure and regulatory uncertainty. Other challenges include education and institutional adoption curves, and technicalities around interoperability, scalability, and security.
With regulations, it varies across jurisdictions. Certain regions are emerging as clear leaders in providing regulatory frameworks for tokenized assets. Countries like Switzerland and Singapore have established progressive environments that support the tokenization of RWAs while protecting investors and their investments.
Pioneers at the Forefront of RWA Tokenization Enter RWA Inc. and Others The RWA sector is gaining momentum thanks to the work of projects in the space. RWA Inc. is one such key player and pioneering platform leading the charge in the RWA tokenization sector and redefining how we interact with RWAs on the blockchain. This is the first comprehensive RWA ecosystem offering end-to-end RWA tokenization through a cutting-edge multi-asset platform that includes tokenization-as-a-service, a launchpad, and a marketplace.
RWA Inc. isn’t only digitizing assets, it’s also unlocking an entirely new standard for asset ownership, trading, and management. The multi-asset platform seamlessly integrates a launchpad and a marketplace, while offering tokenization as a service, bridging the gap between traditional finance and a digital future on the blockchain.
Operating in a potential $30 trillion market, RWA Inc. is well-positioned to be a dominant force in the RWA sector as it leverages unmatched regulatory compliance (already established 6 regulated trading licenses in the UAE) and transformative asset accessibility. The licenses RWA Inc. holds positions it as the premier onramp for traditional investment firms, banks, and hedge fund managers. $RWA is the native utility token that fuels the RWA Inc. ecosystem. Other projects at the forefront of RWA tokenization include:
Propy: A decentralized real estate protocol that leverages blockchain technology to facilitate real estate transactions. YieldBricks: a company that provides seamless DeFi pools for tokenizing yield via real estate assets. EstateX: A blockchain-based company that democratizes access to real estate investments with increased liquidity, lower investment minimums, and portfolio diversification. Metamovers: An innovative blockchain platform engineered to transform the secondary market for real-world assets, specifically focusing on real estate. Future of RWA Tokenization Speaking on tokenization and the RWA industry, David Henderson, the Head of Marketing at Backed Finance, a significant player in the tokenization of government securities, said, “The tokenization revolution is in full swing. Financial institutions are embracing this technology, recognizing its potential to reshape the global financial landscape. The distinction between ‘real-world’ and digital assets will blur as blockchains become the settlement layer for all financial transactions, democratizing access to markets worldwide. The future of finance is borderless and inclusive.”
RWA tokenization is at a focal intersection between traditional finance and blockchain innovation. Integrations between tokenized RWAs and DeFi protocols are creating new avenues for yield generation and lending markets. The development of institutional-standard infrastructures also increases adoption by major traditional financial players. As the technology continues to mature, we will see the emergence of sophisticated systems that combine blockchain’s efficiency with the mechanisms of the conventional financial market.
The tokenization of real-world assets is homogenizing access to asset classes that were previously exclusive, reducing market friction, and automating compliance processes. These are potentially profound impacts on traditional finance. The success of these alterations, however, depends largely on continued technology advancements, regulatory clarity, and institutional adoption.
Conclusion One of the most significant innovations in modern finance in recent times is the tokenization of RWAs. They play a major role in bridging the gap between traditional assets and blockchain financial infrastructure. Even though the technology and market frameworks are still evolving, the foundations for massive transformations are being laid by projects like RWA Inc. They are changing how we view asset ownership and trading.
The convergence of technological advancement, increase in institutional interest, and proper regulatory development corroborate that RWA tokenization is a rudimentary shift in the financial markets. And they are set to play a major part in this bull run. So, as an investor or an institution, this is the best time to develop strategic approaches to RWA tokenization.
At the Benzinga Future of Digital Assets conference, experts examined the evolving digital space, focusing on how Web3 technologies could transform data ownership and decentralization.
Leaders in the field shared their thoughts on overcoming technical and regulatory hurdles while building systems that empower users and reduce dependence on centralized models.
A Call for Data OwnershipMarkus Kuhnert, CEO of 1iO, stressed that Web3's primary goal is to give users control over their data. "Web3 is all about cutting out the middleman economy… it's about ownership, owning the data, owning the infrastructure," he explained. According to Kuhnert, decentralization allows individuals and businesses to regain authority over their information, ensuring they can decide how and where it's used.
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Kuhnert argued that decentralization should not be limited to financial systems but should extend to all forms of verifiable data. "We need to bring it back to the people and the organizations who produce it," he said, calling for a comprehensive shift toward systems where data creators hold the power.
Usability Challenges in Web3While decentralization holds promise, panelists acknowledged that accessibility remains a challenge. Tanya Solati, vice president of business development at Propy, described the current tools as complex for everyday users. "It's so hard to navigate, and let's face it, I even struggle with private keys, wallets, and decentralized apps," she admitted.
Solati proposed a hybrid model, which she referred to as "Web 2.5," to make decentralized technologies more user-friendly. By blending the scalability and ease of traditional systems with decentralized tools, Solati suggested that Web3 could attract a broader audience.
Retaining Users Through ValueAnother discussion point was maintaining user engagement in a volatile space. Aviad Stein, global head of strategy and innovation at Broadridge Financial, emphasized the importance of delivering tangible benefits. "It's about finding the happy medium between user control and the value they get from granting access to their data," Stein said.
He added that transparency around data use and value would be critical in keeping users invested. Kuhnert echoed this sentiment: “If there's value in it, then people will keep using it."
Building for the FutureAs the conversation concluded, panelists looked ahead to the challenges and opportunities in decentralized technologies. Solati pointed out that fostering user engagement would require better tools and clearer value propositions, ensuring that Web3 can weather market shifts and grow its user base.
With a focus on decentralization, user control, and practical solutions, leaders at the event outlined a path forward for digital assets that emphasizes empowerment and trust.
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Propy, a real estate tokenization firm, is introducing crypto-backed mortgage services to the real-world assets, aiming to change how people purchase real estate.
According to a news release, Propy has announced the first-ever crypto loan that will enable prospective real estate buyers to access onchain loans to purchase property in Hawaii.
Bitcoin (BTC) and Ethereum (ETH) holders will be able to use their digital assets as collateral to buy real estate. This crypto-backed mortgage service marks the first step in Propy’s mission to make the $300 trillion real estate market more liquid and swappable.
“This isn’t just a milestone; it’s a glimpse into the future of real estate,” said Natalia Karayaneva, CEO of Propy. “We’re demonstrating how blockchain technology can simplify home buying, replacing the traditionally lengthy loan approval process with an instant, efficient solution.”
Propy says this new financing option will allow customers to leverage their cryptocurrency to purchase real estate while retaining ownership of their digital assets.
The loans will be double-collateralized, with the property accounting for 50% of the collateral and BTC or ETH covering the remaining 50%. The interest rate is set at 10%.
Propy’s first offering under this service is a condominium in Honolulu, Hawaii. The property will go on sale on Jan. 29, 2025, with an asking price of $250,000. BTC and ETH holders can use their assets as collateral to access a loan to finance the purchase, the company announced.
Natalia Karayaneva, the real CEO of Propy, with the AI-generated image of their new feature Agent Avery, showcasing how AI will help close the deal with Real World Assets
Propy
I wish I had an AI Agent when buying my first house. It was supposed to be one of the most exciting milestones of my life, but instead, I found myself buried under piles of paper. Each step required another form, another signature, another delay. Even in a digital world, the home-buying process felt frozen in time.
That memory came rushing back when I read about Propy’s latest move. The company just announced a 100 million dollar expansion to modernize the 25 billion dollar U.S. title industry and launched something remarkable: Agent Avery, an AI escrow officer that can automate the entire real estate closing process.
This is more than just a real-estate-tech headline.
It represents a new frontier in how AI and real-world assets (RWA) come together. By merging onchain infrastructure with AI-driven automation, Propy may have built the first decentralized AI agent capable of managing real, tangible value and one that doesn’t just analyze or predict, but actually closes transactions. AI Agents have been built for gyms, and banking, but this is the first as an AI Escrow Officer.
The Paper Problem That AI Can Help SolveThe title and escrow process is one of the most outdated systems in modern finance. According to Rentechdigital, there are 24,028 title companies in North America as of May 2025 — a 0.5% increase since 2023. About 55% (13,270) are single-owner businesses, while the remaining 45% (10,758) belong to larger brands. Nearly 7,000 fragmented title firms operate across the United States, each handling massive amounts of paperwork and manual verification.
According to The National Association of REALTORS found that 63 percent of agents reported title fraud in their markets last year, rising to 92 percent in the Northeast.
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Propy’s plan is to acquire high-performing title and escrow companies in major states like California, Texas, and Florida, and retrofit them with AI and blockchain infrastructure. The goal is to transform paper-based closings into digital, secure, and fully automated operations.
“Closing on a home is still a bureaucratic maze, while Gen-Z and Millennials expect digital, on-demand services,” said Natalia Karayaneva, CEO of Propy and a fellow Forbes contributor. “Avery and our acquisition strategy give us a path to scale nationwide, transforming closings into a faster, AI-driven experience built for modern buyers.”
Natalia Karayaneva, CEO of Propy, who has been a pioneer in Real Estate Real World Assets.
Propy
Meet AI Agent Avery: The First Decentralized AI Escrow OfficerAgent Avery is not a chatbot. She is an intelligent AI agent trained on thousands of real estate transactions to handle every step of an escrow officer’s job, from contracts and compliance to communications and payment processing.
In traditional closings, more than two-thirds of an officer’s time is spent on repetitive administrative work such as lien searches, mortgage payoffs, wire instructions, and document checks.
Avery automates nearly all of it.
She can process crypto and fiat payments, track deadlines, verify compliance with RESPA regulations, and maintain records onchain for audit transparency.
Working 24 hours a day through natural text or voice interactions, Avery reduces workloads by about 40 percent and allows agents to handle more closings per year without additional staff. She is trained to follow real estate law and compliance frameworks, making her both autonomous and trustworthy, which is a foundation for what could become the next generation of AI-powered professionals.
Agent Avery, the first AI Escrow Officer, introduced from Propy
Propy
Propy even envisions Avery evolving into a licensed entity in her own right, similar to how governments in countries like Albania have granted official status to AI systems. The difference here is that Avery is tied directly to real-world transactions and financial flows, creating a bridge between digital intelligence and physical property.
The Big Idea: AI Meets Real World AssetsAgent Avery’s debut is part of a much larger shift. The world of real-world assets, or RWAs, is expanding rapidly as companies tokenize and trade physical assets—homes, vehicles, carbon credits, even art—on blockchain networks. But until now, most of these assets required human intermediaries to complete compliance and settlement. Avery changes that.
“Our long-term vision is for real estate to become programmable; we’re laying the foundation for homes to transact instantly, globally, and securely onchain,” said Karayaneva.
By combining AI with blockchain, Propy has created a fully operational decentralized agent that not only processes data but executes legally binding actions tied to physical property. That makes Avery one of the first true AI-RWA integrations in the market.
AI Agent + Blockchain is the combination that makes Avery so effective.
getty
This is the moment when AI moves from interpreting the physical world to participating in it. An intelligent system like Avery doesn’t just assist humans; it becomes part of the economic fabric—reviewing contracts, ensuring compliance, and finalizing payments.
It is the same logic that underpins the future of decentralized autonomous organizations (DAOs) and AI agents in finance, but now applied to the most personal and impactful transaction most people ever make: buying a home.
Financing Real Estate Through DeFi And AIPropy’s model extends beyond automation into how these deals are financed. The company’s 100 million dollar expansion is backed by both traditional lenders and onchain private credit, including crypto-collateralized loans from Morpho, the largest decentralized lending network on Base.
“Onchain private credit is a natural extension of crypto-backed loans,” said Merlin Egalite, cofounder of Morpho. “We’re excited to see how Propy leverages Morpho’s universal lending network to finance its expansion in real estate."
Propy is impacting DeFi. For the first time, DeFi is funding real-world property consolidation at scale. The combination of onchain lending and AI automation makes it possible to move capital faster and more securely across an industry that has long been slow and opaque.
getty
This means that parts of Propy’s M&A activity like buying and upgrading title companies, are being financed directly through decentralized credit pools. For the first time, DeFi is funding real-world property consolidation at scale.
The combination of onchain lending and AI automation makes it possible to move capital faster and more securely across an industry that has long been slow and opaque.
Competitive LandscapePropy focuses on real-world assets but operates within a broader movement that blends AI, blockchain, and finance to modernize how value moves and is recorded. Within real estate itself, a few key players are pushing toward similar transformation but from different angles.
Figure has built a strong foundation in blockchain-based lending through its Figure Heloc product, processing home equity loans on Provenance Blockchain with speed, transparency, and strong ties to capital markets. Its model excels in efficiency and regulatory alignment, though it remains concentrated on financing rather than the full closing cycle. Provenance Blockchain, which underpins Figure, has also become a trusted infrastructure layer for regulated assets and institutional settlement, giving it credibility with banks and mortgage lenders that value compliance-first design.
In the broader non-real-estate RWA space, Stellar and Algorand demonstrate how blockchain rails can move digital assets quickly and affordably across borders. These protocols enable programmable payments, remittances, and asset issuance, and have built strong developer ecosystems. Yet, they serve primarily as infrastructure layers.
They are excellent at moving tokenized value but rely on third parties to manage workflows, compliance, and legal execution. Chainlink, meanwhile, provides the connective tissue that allows RWAs to operate securely by verifying asset prices, proof of reserves, and cross-chain messaging. Its role is foundational for data integrity, though it depends on others to complete end-to-end transactions.
Gold-backed tokens such as Tether Gold (XAUT) and PAX Gold (PAXG) represent another side of the RWA evolution which is tangible, auditable value with clear redemption mechanisms. Their strength lies in trust and custodianship, making them stable instruments for investors seeking inflation hedges. But their function is passive; they store and represent value rather than automate or execute the processes around it.
Propy’s advantage is that it is not only tokenizing or moving assets but it is operationalizing them. By combining blockchain infrastructure with AI automation through Agent Avery, Propy directly tackles the inefficiencies, compliance burdens, and fraud risks in title and escrow.
A Glimpse of the Future of AI Agents OnchainFounded in 2017, Propy has already processed more than four billion dollars in digital real estate transactions. Its acquisition strategy now aims to consolidate mid-sized regional firms with five to fifty million dollars in revenue, giving them instant access to advanced AI and blockchain tools.
By doing so, Propy converts a fragmented, low-margin industry into a high-tech, high-efficiency network where every transaction can be verified, automated, and completed in real time. Morgan Stanley projects that AI could automate 37 percent of real estate tasks and unlock 34 billion dollars in efficiency gains by 2030. Propy is not waiting for that future—it is building it.
Why Does An AI Agent like Avery Matter? The launch of Agent Avery signals a turning point for both AI and blockchain. It shows how decentralized AI agents can take on trusted, regulated roles in handling real-world assets, not just simulate human reasoning but perform the work itself.
For anyone who has ever struggled through stacks of home-buying paperwork, this marks real progress.
The next time you close on a home, your agent might not be a person at all. It might be an AI Agent named Avery who can be your onchain teammate making real estate truly real-time.
Propy CEO Natalia Karayaneva (Propy, modified by CoinDesk)Summary
Propy оголосила про розширення на суму 100 мільйонів доларів для придбання компаній з оформлення прав власності на нерухомість по всій території США та оптимізації операцій за допомогою блокчейну та штучного інтелекту.Компанія має на меті досягти оцінки у 1 мільярд доларів шляхом об’єднання прибуткових, середніх за розміром компаній у сфері титулів, повідомила генеральний директор Наталія Караянева.Propy також розробила AI-агента ескроу, Агента Ейвері, щоб зменшити неефективність і заощадити близько 40% робочого навантаження у операціях з нерухомістю.Спеціаліст із токенізації нерухомості Propy окреслив плани щодо розширення на 100 мільйонів доларів для придбання середніх компаній із оформлення титулів власності по всіх США, прагнучи оптимізувати галузь, яка досі значною мірою покладається на ручні процеси, за допомогою блокчейн-технологій та штучного інтелекту (AI).
Упродовж наступних 12 місяців ми плануємо придбати регіональні титульні компанії по всій країні, — заявила генеральний директор Propy Наталія Караянева в інтерв’ю Coindesk. — Це дозволить нам досягти оцінки в один мільярд доларів як технологічна компанія.
Для залучення коштів на ролапи Propy звернулася до поєднання традиційних та ончейн-кредиторів, зокрема з децентралізованої фінансової (DeFi) кредитної платформи Morpho. Propy стверджує, що це один із перших відомих прикладів використання ончейн-приватного кредитування для фінансування злиттів і поглинань (M&A).
Плани розширення з’являються в той час, коли зростає інтерес до токенізації нерухомості — зусилля з цифровізації прав власності на нерухомість та оптимізації транзакцій за допомогою блокчейну для підвищення ефективності. Компанії з оформлення прав власності зосереджуються на перевірці історії власності об’єкта та забезпеченні відсутності юридичних претензій, застав чи спорів, які можуть вплинути на продаж. Вони також видають страхування титулу та керують передачею юридичної власності під час операцій з нерухомістю.
Це ринок обсягом 25 мільярдів доларів, який досі переважно ведеться на паперових носіях і розподілений між майже 7 000 компаній, багато з яких є невеликими сімейними підприємствами, пояснила генеральний директор Propy Наталія Караянева в інтерв’ю Coindesk.
Компанія Propy є ліцензованою титульною фірмою і обробила цифрові операції з нерухомістю на суму 4 мільярди доларів, автоматизуючи трудомісткі процеси за допомогою штучного інтелекту. Придбавши титульні фірми середнього розміру в таких штатах, як Каліфорнія, Флорида та Техас, компанія планує оптимізувати операції, зменшити шахрайство та прискорити час закриття угод, використовуючи технології блокчейн та ШІ, додала вона.
У центрі зусиль Propy — агент Avery, штучний інтелект для ескроу, який було створено для вирішення неефективностей, що займають більшу частину часу офіцера ескроу, повідомила компанія.
Агент Avery був навчений на основі транзакційних даних Propy та працює цілодобово, підтримуючи як традиційні, так і криптовалютні платежі. За оцінками компанії, цей інструмент може скоротити навантаження приблизно на 40%, що дозволяє агентам укладати більше угод.
Разом із розширенням та розвитком штучного інтелекту Propy також додала до своєї консультативної ради колишнього посадовця Міністерства фінансів США Кріса Кемпбелла та співзасновника Science Inc. Майка Джонса, які приєдналися до попередніх призначень, зокрема колишнього комісара SEC Майкла Півоваара.
Propy CEO Natalia Karayaneva (Propy, modified by CoinDesk)Summary
Propy announced a $100 million expansion to acquire property title firms across the U.S. and streamline operation with blockchain and AI.The company aims to achieve a $1 billion valuation by rolling up profitable, mid-size title companies, CEO Natalia Karayaneva said.Propy also developed an AI escrow agent, Agent Avery, to reduce inefficiencies and save about 40% of the workload in real estate transactions.Real estate tokenization specialist Propy laid out plans for a $100 million expansion to acquire mid-size property title firms across the U.S., aiming to streamline an industry that still relies heavily on manual processes with blockchain rails and artificial intelligence (AI).
"In the next 12 months, we'll acquire regional title companies across the country," Propy CEO Natalia Karayaneva told Coindesk in an interview. "This will allow us to get to a billion dollar valuation as a tech company."
To raise funds for the rollups, Propy has tapped a mix of traditional and onchain lenders, including from decentralized finance (DeFi) credit platform Morpho. Propy claimed that it's one of the first known examples of drawing onchain private credit to fund M&A activity.
The expansion plans come at a time when interest is growing for real estate tokenization, an effort to digitize property rights and streamline transactions through blockchain for efficiency gains. Title firms focus on verifying a property's ownership history and ensure there are no legal claims, liens or disputes that could affect the sale. They also issue title insurance and manage the transfer of legal ownership during real estate transactions.
That's a $25 billion market which still remains largely paper-based and split among nearly 7,000 firms, many of them small mom-and-pop shops, Propy CEO Natalia Karayaneva explained Coindesk in an interview.
Propy itself is a licensed title firm and has processed $4 billion in digital real estate transactions automating time-consuming processes with AI. By acquiring mid-sized title firms in states like California, Florida and Texas, the company plans to streamline operations reduce fraud and speed up transaction closing times using blockchain tech and AI, she added.
Central to Propy's efforts is Agent Avery, an AI escrow agent that was built to address inefficiencies that consume the majority of an escrow officer’s time, the firm said.
Agent Avery was trained on Propy’s transaction data and operates 24/7 supporting both traditional and crypto payments. The tool can save about 40% of the workload, the firm estimated, allowing agents to close more deals.
Along with the expansion and AI development, Propy also added former U.S. Treasury official Chris Campbell and Science Inc. co-founder Mike Jones to its advisory board, joining previous appointees including ex-SEC Commissioner Michael Piwowar.
Altcoin Daily host Austin Arnold used a Jan. 1 video titled “Top 6 Crypto Altcoins To Invest In For 2026” to lay out what he framed as three “first-time” catalysts for crypto in 2026 and a corresponding list of six altcoins he says he’d “buy and hold” into that backdrop, spanning smart-contract platforms, AI infrastructure, and tokenization-focused plays.
Arnold opened with the claim that crypto sits at the center of “two mega trends”: digital assets and the tokenization of financial assets and argued the combination of macro policy, US legislation, and SEC posture could drive “trillions of dollars” of new inflows.
The 3 Bullisch Crypto Catalysts First, Arnold pointed to what he described as a monetary-policy regime shift, including the resumption of “reserve management purchases,” and framed it as supportive for risk assets broadly. “We’re starting to see significant stimulus,” he said, adding that markets were already seeing “quantitative easing light” as “the Fed is starting to buy its own bonds,” while suggesting demand for government debt could fall alongside lower rates.
Second, he argued crypto-specific regulation could function like a green light for institutional capital. He singled out the market structure focused Clarity Act, saying its passage would be “like a starter gun for ETH and SOL to run into trillions of dollars of value,” and noted discussion of a US Senate markup date of Jan. 15 with hopes of movement by late January or February.
Third, Arnold highlighted what he called a tokenization push led by SEC chair Paul Atkins, describing “Project Crypto” as an effort to “bring all of traditional finance on the blockchain.”
He paired that theme with a distribution angle around spot crypto ETFs, leaning on a quote he cited about how unusual the early ETF growth was: “These were the single best-selling product in the world and no one was allowed to make a phone call to sell it or advertise it,” he said.
Top 6 Crypto Altcoins To Invest In For 2026 Arnold’s first pick is Ethereum. He frames it as the primary beneficiary of stablecoin growth and added that stablecoins are “mostly on the Ethereum blockchain,” and tied the thesis to regulation via the Genius Act, citing a view that Treasury Secretary Scott Bessent expects the sector to grow “10x in the next few years.”
Arnold also said Ethereum’s stablecoin share rose to 53% from the high-40s “just a few months” earlier, and argued the link to ETH value accrual runs through fees: “30% of all fees on Ethereum are actually stablecoin revenue,” he said. “So as this is 10x’es the amount of fees, the amount of Ethereum being burned should be 10x to match.”
Arnold’s second pick was Solana, which he portrayed as a usage leader relative to its market value versus Ethereum. He argued Solana is “already one of or if not the most used chain in crypto,” and claimed that through 2025 it was “more used than the entire rest of the industry combined times 2 to three.” He also cited a real-world asset milestone, saying Solana “RWA holders…have surpassed 125,000 holders.”
Cardano is next, which Arnold said had a weak 2025 but could benefit from founder Charles Hoskinson’s push around Midnight. Arnold played a longer excerpt in which Hoskinson argued privacy could be the wedge that changes user behavior:
“They can go through Midnight to Cardano and they get privacy. They do something new and different,” Hoskinson said. “Midnight my view will be through hybrid applications… private prediction markets, private DEXes, private stable coins… maybe… those Bitcoin people are going to want to trade on a private DEX instead of a public DEX.”
Arnold then shifted to AI infrastructure with Bittensor (TAO), calling it “decentralized AI” plumbing and noting it had a recent “halving” and a fixed supply model he compared to Bitcoin’s. He also pointed to early-2026 ETF momentum, saying Grayscale filed an S-1 for a TAO product and Bitwise followed with a Bittensor ETF filing.
For tokenization exposure, Arnold highlighted Ondo Finance (ONDO) ahead of what he described as an Ondo Summit on Feb. 3, where “world leaders, investors, policy makers” would reconvene, and closed his list with Propy, a real-estate-focused project he said is “US licensed” for title and escrow closing and “backed by Coinbase,” positioning it as a bet on bringing home buying and selling “on-chain.”
Arnold closed his list with Propy, explicitly flagging it as the most speculative end of the spectrum and pairing it with a warning that lower-cap exposure can mean “these altcoins go to zero.”
The Altcoin Daily host described it as “essentially real estate on-chain.” He emphasized operational and regulatory positioning as part of the pitch, saying Propy is “US licensed title and escrow closing,” and also highlighted its backers: “They’re backed again by Coinbase.”
The investment thesis, as Arnold presented it, is straightforward tokenization logic applied to housing: bringing parts of the buying and selling process onto rails that can be settled and recorded on-chain, with Propy positioned as a project already operating within the US compliance perimeter he expects to matter more in 2026.
At press time, the total crypto market cap stood at $2.98 trillion.
Total crypto market cap hovers below the 2021 high again, 1-week chart | Source: TOTAL on TradingView.com Featured image created with DALL.E, chart from TradingView.com
The blockchain and crypto market is getting substantial investor interest with notable amounts flowing into key initiatives. In this respect, Propy, Metaplanet, and Mesh have witnessed the leading funding rounds in terms of valuation over the past week. As per the data from Fundraising Digest, Talos, Streamex, Flying Tulip, and Startale have also occupied the top positions in the list of the week’s prominent fundraising events. The respective rounds underscore the rising confidence in effective blockchain applications dealing with asset tokenization, trading infrastructure, Web3 innovation, and real estate.
Propy Dominates Past Week’s Top Funding Rounds with $100M Collection Propy has emerged as the leading funding round of the past week. It operates as a well-known technology entity to manage parts of diverse real estate transfers via AI and blockchain technology. Particularly, it has seen a staggering $100M in the latest funding round under the category of Debt Financing.
Subsequently, Metaplanet has experienced the 2nd top crypto fundraising event in the past week. It serves as a Japan-based publicly listed Bitcoin ($BTC) treasury entity. The platform has raised a cumulative amount of almost $78M in its Post-IPO funding round. Additionally, occupying the 3rd position among these fundings, Mesh has effectively gained up to $75M in its Series C funding round. It works as a renowned platform for crypto payment and management.
Following that, the list of the top funding rounds of the week takes into account Talos in the 4th rank. Talos is an entity devoted to the development of technology infrastructure for the trading of digital assets. In its latest funding, Talos has effectively gained a total amount of $35M in an Extended Series B round.
Startale Bottoms List, Getting $13M in Extended Series A Round Streamex has gained the 5th top project in terms of the funding. It mainly deals with the real-world asset (RWA) tokenization. Specifically, its new Post-IPO funding round has resulted in the collection of $35M. Along with that, Flying Tulip, which operates as an on-chain exchange for spot trading, structured yield, options, lending, and perpetual contracts, has obtained $25.5M in Series A funding round. Additionally, the Web3 tech platform Startale is the last among the past week’s noteworthy funding rounds, securing $13M in an Extended Series A round.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
The crypto landscape started the year 2026 with a notable spike in investor confidence. In this respect, January saw many staggering fundraising events across different projects. As per the data from Phoenix Group, Rain, BitGo, and BlackOpal emerged as the top fundraising rounds of January 2026. Along with that, LMAX Group, Alpaca, Tres Finance, 3iQ, Propy, Superstate, and Mesh have also added notable amounts. These events indicate the strong blockchain innovation as well as continued efforts for mainstream adoption.
Rain Leads January’s Crypto Funding Rounds with $250M in Collected Capital As per the market data, Rain has gained the top position among January’s notable crypto funding rounds. Specifically, it raised a total amount of up to $250M. Subsequently, BitGo emerged as the 2nd among the month’s key crypto fundraising events when it comes to valuation. So, it effectively collected a total capital of nearly $212.8M. YZiLabs reportedly led the respective funding round.
Coming after that, BlackOpal obtained the 3rd position with the collection of $200M in its funding in January. Additionally, Mars has become the leading investor in BlackOpal’s funding round. The next name on the list is LMAX Group, with its fundraising in January hitting the $150M mark. Ripple played a critical role in this event, taking the leading position among the investors.
Following that, Alpaca has also gained a crucial status among January’s crypto fundraisers. Hence, its fundraising touched the $150M spot. Kraken, BNP Paribas, and Citadel Securities were the primary contributors to the event. Simultaneously, Tres Finance made a total $130M in its fundraising in January 2026, with Fireblocks being the notable among the investors. Moreover, Coincheck led the $111.8M funding round of 3iQ in the same month.
Mesh Collects $75M in Funding during January’s Building Market Momentum Moving on, Phoenix Group’s list of January’s critical crypto funding rounds includes Propy in the 8th place. The project successfully raised $100M in its fundraising, with Metropolitan being the top among the investors. At the same time, Superstate raised $82.5M in its funding round, and Galaxy Digital was among the noteworthy investors. Ultimately, Mesh’s fundraising initiative amassed $75M from different investors like Paradigm, Coinbase Ventures, and SBI Investment.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
The KyberSwap attacker has transferred another 2000 ETH to Tornado Cash, with over 80% of the stolen funds now laundered.
According to PeckShield’s monitoring, an address identified as the KyberSwap attacker has once again transferred 2,000 ETH to Tornado Cash. Over the past two years, this attacker has cumulatively transferred and mixed 16,100 ETH via Tornado Cash, equivalent to roughly $40 million at current prices, accounting for over 80% of the $48.8 million lost in the KyberSwap attack in November 2023. Some of the stolen funds have not yet been fully transferred.
2 minutes ago
James Wynn closed out his 40x Bitcoin short position, netting $30,000 in profits, and shifted to opening a 50x S&P 500 short position.
According to monitoring by OnchainLens, James Wynn has liquidated his 40x leveraged Bitcoin (BTC) short position, pocketing roughly $30,000 in profit. He subsequently opened a new 50x leveraged S&P 500 (SP500) short position at a price of 334.42, betting on a future decline in the US stock market.
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Micron's conference call delivers strong signals: the memory shortage will continue until 2028, and AI long-term contracts are rewriting the industry cycle narrative.
Micron Technology (MU) revealed in its early-morning earnings call that its strategic customer agreements rose from 1 to 16 sequentially, covering roughly 20% of its DRAM shipments and around one-third of its NAND shipments. Of these deals, 14 calculated at minimum contract prices represent a cumulative remaining revenue of approximately $100 billion. CEO Sanjay Mehrotra said these agreements will "fundamentally transform" the company’s business model. The key takeaway for the market is that Micron is being repositioned from a highly cyclical memory stock to an AI infrastructure provider with far greater revenue visibility. During the call, Micron disclosed it expects industry tightness to persist beyond 2027, and even as supply gradually improves in 2028, there is no clear timeline for supply to catch up with demand. Management attributed this gap to the large scale, complexity, and long lead times of new semiconductor fab construction. CFO Mark Murphy noted that DRAM revenue jumped 343% year-over-year to $31.3 billion, while NAND revenue surged 361% YoY to $9.9 billion. DRAM prices rose in the low-60% range, and NAND prices increased in the mid-80% range. He explained that the quarter’s earnings, which handily beat market expectations, were driven more by pricing power and supply-demand imbalances rather than just shipment volume. The company forecasts capital expenditure of roughly $10 billion this quarter, and $27 billion for full fiscal 2026. Fiscal 2027 quarterly capex will exceed the FY2026 fourth quarter level, with more than half allocated to cleanroom construction. However, the CFO also stated that free cash flow for the current quarter is expected to continue rising sharply. Overall, the call’s messaging sent three key signals to the market: persistent memory shortages, customer willingness to sign long-term agreements, and further upside for prices. This drove Micron’s (MU) shares to surge nearly 16% in U.S. post-market trading.
2 minutes ago
A poll shows that a majority of U.S. voters support federal unified regulation of prediction markets.
Two polls commissioned by the Coalition for Prediction Markets show that U.S. Republican and Democratic voters both prefer federal-level unified regulation of prediction markets over state-by-state oversight. Among Republican respondents, 48% support a federal regulatory framework, while only 27% back state-level regulation. For Democratic voters, 45% favor federal regulation, compared to 35% who support state-level rules. Only 8% of respondents believe prediction markets should be banned in the U.S., and a majority of voters support consumer autonomy to choose whether to participate in such markets. The survey also found that people under 35 have the highest acceptance of prediction markets, with more than half of young respondents expressing interest in using or having already used related platforms. Currently, the U.S. Commodity Futures Trading Commission (CFTC) and prediction market platforms including Kalshi and Polymarket are in disputes with multiple state governments over regulatory authority, with the core focus being whether sports event contracts qualify as prediction market products subject to federal regulation.
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Analysis: Bitcoin miners face profit pressure, with around 20% of mining firms now operating below the break-even point.
Bitcoin miners' revenue continues to decline, with the current 7-day average daily income dropping to around $30 million, a notable pullback from the over $50 million level seen last summer. Meanwhile, on-chain transaction fee revenue has fallen to less than $250,000, accounting for an extremely small share of miners' total income. Data from JPMorgan Chase shows the average production cost is approximately $78,000, and Bitcoin’s price has remained below this level for five consecutive months — the longest such stretch in the current cycle. An estimated 20% of miners are already operating at a loss; some high-cost miners have begun frequently powering their mining rigs on and off in response to price fluctuations, leading to a stronger correlation between network hash rate difficulty and Bitcoin’s price. Additionally, Bitcoin’s mining difficulty was adjusted down by roughly 10% in the second week of June, marking the second pullback of the same magnitude this year. Publicly listed mining companies, meanwhile, are relying more on their balance sheets to sustain operations, selling over 32,000 BTC in the first quarter alone to cover operating costs. Analysts note that against the backdrop of continuously shrinking block subsidies and stagnant fee revenue, a recovery in miners’ profits will primarily depend on a rise in Bitcoin’s price.
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Japan and South Korea's stock markets opened higher, with South Korea's KOSPI index rising 2.9% and SK Hynix surging 11%.
According to Bitget market data, the Nikkei 225 index opened 1.4% higher at 70114.09. South Korea’s KOSPI index rose 2.9%. South Korean stocks SK Hynix gained 11%, while Samsung Electronics rose 5%.
Vai is a decentralized stablecoin built on the Venus Protocol operating on the Binance Smart Chain.
Launched in 2019, the Venus Protocol is governed by the XVS token. This token is designed as a fair-launch cryptocurrency without any pre-allocation to its founders or team. Liquidity providers can earn it through the Binance Launchpool.
Supported by the Venus Protocol, Vai claims to be the first decentralized stablecoin on the Binance Smart Chain, backed by a variety of stablecoins and other crypto assets without central control. Support from the Binance Smart Chain enables Vai to offer its users a high-speed, low-fee money market.
The Venus protocol is managed by its native token, XVS, which can be mined by liquidity providers, protocol borrowers, and stablecoin miners.
The protocol itself offers a user-friendly crypto asset lending and borrowing solution in the decentralized finance (DeFi) ecosystem. It allows users to borrow against collateral directly at higher speeds and lower transaction fees. Venus also enables users to mint VAI stablecoin on demand by depositing at least 200% collateral into the Venus smart contract.
Individuals providing liquidity through the Venus Protocol do not need to pass credit checks and can obtain loans by interacting with the Venus decentralized application (DApp). As it is not governed by a central authority, Venus users are not subject to arbitrary restrictions and can always provide sufficient collateral for desired liquidity.
Loans are then provided from a pool contributed to by Venus users, who can earn an annual percentage yield (APY) for their contributions. The Venus Protocol also benefits from price feed sources that provide accurate pricing data.
How to Buy Vai Coin?VAI Coin can be securely and quickly purchased through Binance, the world’s largest cryptocurrency trading platform in terms of trading volume.
To buy VAI Coin, one must first register with Binance and then send fiat currency. After sending fiat currency like Turkish Lira or dollars, one can purchase Bitcoin (BTC) and BUSD to trade in the VAI pair.
Additionally, on Binance, users can place buy orders not only at the market price but also at a lower value. To do this, use the Limit tab and enter the amount and price you want to buy at.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Binance, the world’s leading crypto exchange, has announced the delisting of four digital currencies, including Monero (XMR), Multichain (MULTI), Vai (VAI), and Aragon (ANT). The decision to remove these tokens from the platform comes as part of Binance’s periodic review process.
According to the latest announcement, the delisting process is scheduled to take effect on February 20, 2024, at 03:00 a.m. UTC. Following this, all trading pairs associated with these tokens, including ANT/BTC, ANT/USDT, MULTI/USDT, USDT/VAI, XMR/BNB, XMR/BTC, XMR/ETH, and XMR/USDT, will cease to be available for trading. Additionally, deposits of these tokens will not be credited to user accounts after February 21, 2024. Moreover, withdrawals for these tokens will be not supported after May 20, 2024.
Why Did Binance Decide To Delist Monero, Multichain, Vai & Aragon? Binance’s decision to delist these tokens is guided by a comprehensive assessment of various factors. These include the commitment of the project teams, development activity, trading volume, network stability, public communication, responsiveness to due diligence requests, and contribution to a healthy crypto ecosystem. Any evidence of unethical conduct or negligence also weighs into the decision-making process.
Monero, known for its privacy features, has faced scrutiny from regulatory bodies due to its potential use in illicit activities. While it offers anonymity to users, this very feature has raised concerns among authorities regarding its susceptibility to use in money laundering and other illegal transactions.
Multichain, Vai, and Aragon, while not as widely recognized as Monero, have also failed to meet Binance’s standards in terms of development activity, trading volume, and network stability. The delisting of these tokens underscores the crypto exchange’s commitment to maintaining a trustworthy trading environment for its users.
Also Read: Binance Tops CME In Bitcoin Futures, Is Bitcoin ETF Demand Over?
Implications Of Delisting In addition to the delisting of Monero, Multichain, Vai, and Aragon trading pairs from the spot market, Binance will also remove these pairs from its margin trading platform, futures trading, and various other services. This includes Binance Margin, Binance Futures, Binance Simple Earn, Binance Auto-Invest, Binance Loans, Binance Convert, Binance Gift Card, Binance Pay, and Trading Bots.
Despite the delisting, the CEX ensures that users’ funds are safeguarded. Any remaining balances in delisted tokens will be automatically converted into stablecoins on behalf of users. However, it’s important to note that the conversion is not guaranteed, and users will be notified before the process begins. The stablecoins will then be credited to user accounts after the conversion.
In response to the delisting announcement, users are advised to close any open positions and withdraw their assets in the above-mentioned trading pairs. In addition, they are advised to manage any associated products such as Simple Earn, Auto-Invest, Loans, Margin, Futures, Convert, Gift Cards, Pay, and Trading Bots before the stipulated deadlines to avoid any potential losses.
Also Read: Binance Co-founder Announces $5 Million Reward for Reporting Insider Trading
Vai Coin, is the native decentralized stable cryptocurrency of the Venus protocol, operating directly on the Binance Smart Chain.
What is Vai (VAI)?Venus provides VAI, the world’s first decentralized stablecoin backed by a basket of decentralized stablecoins and crypto assets, operating on the Binance Smart Chain. The Venus protocol has officially launched its mainnet on BSC. Users can access a high-speed and low-fee money market that allows the production of the first synthetic stablecoin called VAI.
The Venus protocol is governed by its native cryptocurrency XVS, which can be mined by liquidity providers, borrowers, and stablecoin miners. Venus protocol users can supply, borrow, and use assets like Swipe (SXP), Binance Coin (BNB), USDT, USDC, BUSD, and VENUS (XVS) to participate in liquidity mining incentives and produce VAI.
The protocol offers an easy-to-use solution for lending and borrowing crypto assets within the decentralized finance ecosystem. Since it is not managed by a central authority, Venus users are not subject to arbitrary restrictions. Loans are provided from a pool to which Venus users contribute. Additionally, the Venus protocol leverages price feed oracles to provide accurate pricing data.
VAI Coin can be safely bought and sold on Binance, the world’s largest cryptocurrency exchange by trading volume. Vai Coin is traded on the Binance platform in the BTC/VAI and BUSD/VAI pairs.
To buy VAI, you must first register with the Binance exchange. Once the registration is complete, you need to transfer cryptocurrency or fiat currency to your Binance account wallet. After completing the transfer, you can trade VAI Coin in the two pairs mentioned above. To buy from the BUSD/VAI trading pair, you should first navigate to this pair’s interface. Enter the amount you want to purchase in the limit section of the BUSD/VAI interface and then complete the purchase.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
In a blog post on Tuesday, Binance Exchange, the largest crypto trading platform by volume, announced the automatic conversion of several delisted tokens to USDC.
This action will be executed based on the average token to USDC exchange rate within the conversion period.
What Binance Exchange Users Need To KnowAfter delisting 10 tokens from its catalog, Binance said in a follow-up message that it would convert them to USDC automatically, enabling holders to access their funds. After the conversion happens, the exchange will credit the stablecoin equivalent of the affected tokens to users’ wallets by April 28, 2025. The tokens include:
Vai (VAI) Tornado Cash (TORN) OMG Network (OMG) Waves (WAVES) NEM (XEM) BarnBridge (BOND) Dock (DOCK) Mdex (MDX) Polkastarter (POLS) Pundi X PURSE (PURSE) Read more: Binance Review 2024: Is It the Right Crypto Exchange for You?
Holders of these tokens should adjust their trading strategies accordingly to prepare for the upcoming changes. Failure to do so by October 28 would see them automatically converted to USDC, effectively phasing out the affected tokens from the exchange.
“During the Conversion Period [between October 29, 2024 and April 28, 2025], users will not be able to view the above tokens in their Binance wallets,” Binance articulated.
In this regard, it is worth mentioning that the history of Binance’s tokens delisting often inspires volatility. For instance, the exchange delisted six altcoins around mid-August, causing double-digit price drops for PowerPool (CVP) and Ellipsis (EPX). These tokens also featured among the delisted assets.
However, Binance is not only removing several tokens but also adding new ones to its platform. One of the notable additions is Scroll (SCR), a zkRollup scaling solution for Ethereum.
As per the announcement, SCR will be listed on October 11, with pre-market trading for the SCR/USDT pair set to open. This move supports Ethereum’s scalability by enabling faster, more efficient transactions while maintaining security and decentralization.
“Binance is excited to announce the 60th project on Binance Launchpool – Scroll (SCR), a Bytecode-level compatible zkEVM Rollup,” an excerpt in Binance’s announcement read.
Read more: What are Crypto Airdrops?
With this listing notice, Binance becomes the first platform to list Scroll’s powering token. The exchange will also airdrop 55,000,000 SCR, representing 5.5% of the total supply. Airdrop farming will start on Wednesday, October 9. The participants must lock their BNB and FDUSD to receive the SCR tokens.
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Pēdējos gados Mystery Box ir kļuvis par populāru veidu, kā apvienot iepirkšanos ar pārsteigumiem. Klienti pasūta paku, nezinot, ko tieši tā satur, un tas arī rada uztraukumu un prieku. Viens no pazīstamākajiem šo paku veidiem ir Shein Mystery Box “parakstītais noslēpumainais piedāvājums” kas īpaši uzrunā modes un tendenču cienītājus.
Pārbaudiet JemLit piedāvājumu
Shein Mystery Box fenomena izplatība Pēdējos gados pārsteiguma kastes ir piedzīvojušas uzplaukumu visā pasaulē, un zīmols Shein, kas ir pazīstams ar savu orientēšanos uz pieejamu un mūsdienīgu modi, ir ātri pārņēmis šo konceptu. Shein Mystery Box apvieno populārākos spontānas iepirkšanās, pārsteigumu un izdevīgu piedāvājumu elementus, kas padara to par pievilcīgu iepirkšanās veidu plašai pircēju grupai, jo īpaši jaunākās paaudzes pārstāvjiem.
Šāda formāta popularitāte turpina pieaugt līdz ar sociālo plašsaziņas līdzekļu nozīmes palielināšanos, kur lietotāji dalās ar tā sauktajiem ”izpakošanas“ video, atsauksmēm un autentiskām reakcijām uz paku saturu. Līdz ar to tādas platformas kā TikTok, Instagram un YouTube ir ievērojami veicinājušas šīs tendences izplatību un izveidojušas ap to spēcīgu fanu kopienu.
Interneta lietotāji, kuri, meklējot izdevīgus piedāvājumus, ieraksta Google meklētājā vaicājumu “Mystery box Latvia” un nolemj pasūtīt Shein Mystery Box, iegūst piekļuvi plašam jaunāko un lētāko produktu klāstam, kas pārsteidz ar negaidītiem atklājumiem, vienlaikus neradot lielu finansiālu slodzi. Lai gan tas ir akls pirkums, bieži vien tieši neparedzētais rada prieku vai vismaz ziņkārību, kas motivē veikt vēl vairākus pirkumus.
Kāpēc izmēģināt Shein Mystery Box? Interese par Shein Mystery Box nav saistīta tikai ar pārsteiguma jautrību – šim iepirkšanās veidam ir arī praktiskas priekšrocības, kas piesaista arvien vairāk pircēju. Tiem, kas vēlas atjaunot savu garderobi ar jauniem elementiem bez ilgstoša izvēles procesa, noslēpumainā kaste var būt ideāls risinājums. Nevar neņemt vērā faktu, ka JemLit piedāvā arī bezmaksas dāvanas. Lūk, galvenie iemesli, kāpēc to izmēģināt:
Jaunas modes detaļas bez liekas piepūles Shein Mystery Box ērtums ir viens no galvenajiem klientu ieguvumiem, jo viņiem nav jāpieņem lēmums par izvēli starp simtiem produktu – piegādātājs visu izdarīs viņu vietā. Tas ietaupa laiku un arī ļauj klientam atklāt jaunus stilus, kurus viņš parasti nebūtu izvēlējies. Daudzi klienti šo pieeju raksturo kā atsvaidzinošu, jo pārsteiguma kaste bieži vien satur praktiskas un jaunas lietas, kas paplašina modes redzesloku.
Iespējams, Mystery box ļauj ietaupīt naudu Kastes satura cena bieži vien ir zemāka nekā atsevišķu produktu cenu summa, ja tie tiktu nopirkti atsevišķi. Tas nozīmē, ka klientam ir reāla iespēja saņemt vairāk produktu par mazāku cenu. Šis potenciālais ietaupījums ir viens no galvenajiem iemesliem, kāpēc cilvēki apsver šāda veida pirkumu. Tomēr ir svarīgi piebilst, ka apmierinātība ir atkarīga no saņemto preču kvalitātes un atbilstības – arī tāpēc ir labi izvēlēties pārbaudītus pakalpojumu sniedzējus.
Vai Shein Mystery Box ir krāpšana, vai tas ir tā vērts? Tiklīdz kaut kas kļūst virāls, neizbēgami rodas jautājumi par uzticamību. Shein Mystery Box nav izņēmums. Internetā valda dažādi viedokļi – no lieliskām atsauksmēm līdz brīdinājumiem, ka tā ir krāpšana. Kur ir patiesība?
Kam jāpievērš uzmanība Ir svarīgi atšķirt Shein oficiālo noslēpumaino kasti (piemēram, akcijas ietvaros) no pārsteiguma kastēm, ko piedāvā ārējie mazumtirgotāji, apgalvojot, ka tās satur Shein produktus. Tieši pēdējās var sagādāt vislielāko neapmierinātību. Daži klienti norāda, ka ir saņēmuši nekvalitatīvas vai neatbilstošas preces, bieži vien bez iespējas tās atgriezt vai iesniegt sūdzību.
Kas var darboties labi No otras puses, ir vairāki pakalpojumu sniedzēji, kas piedāvā godīgas pārsteigumu kastes ar atbilstošu saturu un saprātīgām cenām. Galvenais ir izvēlēties pārbaudītu pārdevēju un izlasīt citu klientu atsauksmes par Shein Mystery Box. Ja vien cilvēks vadās pēc sabiedrības pieredzes un viņam ir reālistiskas cerības, noslēpumainā kaste var būt jautrs un ērts veids, kā paplašināt savu garderobi. Viena no šādām platformām ir JemLit.
Reāla pieredze Ņemot vērā pieaugošo Shein Mystery Box popularitāti mūsdienās, ir viegli atrast desmitiem atsauksmju par Shein pārsteigumu kastēm gan no regulārajiem pircējiem, gan no populāriem Latvijas influenceriem. Šī pieredze bieži sniedz vērtīgu ieskatu par to, ko sagaidīt no šādas pakas – un no kā būtu jāuzmanās. Rezultāti var būt ļoti atšķirīgi.
Shein Mystery Box pārskats Pozitīvo atsauksmju vidū atrodami sajūsmas pilni stāsti, kuros klienti saņēmuši pakas ar modes aksesuāriem un sezonas hitiem. Dažas kastes pārsteidz ar daudzveidību, citas – ar kvalitāti, kas pārsniedz cerēto, ņemot vērā noteikto cenu. Lietotāji sociālajos plašsaziņas līdzekļos bieži dalās ar savu “ izpakošanas” pieredzi – šie ieraksti kalpo ne tikai kā reklāma, bet arī kā iedvesma un pārbaudītu pakalpojumu sniedzēju avots.
Un, ja jums nepaveicas… Saraksta pretējā galā ir atsauksmes, kas brīdina par sliktu kvalitāti, atkārtotiem priekšmetiem vai saturu, kas neatbilst aprakstam. Bieži neapmierina arī preces, kas neatbilst izmēram, slikti pieguloši apģērbi vai novecojušas modes tendences.
Ievērojiet šos noteikumus Lai jūsu pārsteiguma kaste radītu pozitīvu iespaidu, nevis izraisītu neapmierinātību, ieteicams ievērot dažus vienkāršus noteikumus:
Izlasiet atsauksmes par konkrētiem pārdevējiem un meklējiet reālu pircēju fotogrāfijas. Izvēlieties pārbaudītus avotus – vislabāk tieši no Shein vai partneru mazumtirgotājiem. Pārbaudiet noteikumus un nosacījumus – jo īpaši atgriešanas politiku. Saglabājiet reālistiskas cerības – Mystery box nav personalizēts pakalpojums, tas ir pārsteigums. Shein noslēpumu kastes var būt jautras, pieejamas un motivējošas – ja vien izvēlaties tās ar skaidru izpratni un informētu pieeju.
Shein pārsteiguma kaste JemLit vietnē Viens no populārākajiem un uzticamākajiem Shein Mystery Box pakalpojumu sniedzējiem neapšaubāmi ir JemLit.com platforma. Šis mazumtirgotājs ir izpelnījies klientu atzinību, pateicoties caurspīdīgai pieejai attiecībā uz laimestu iespējām un tam, ka tas piedāvā tikai oriģinālus Shein produktus.
Katrā JemLit piedāvātajā Mystery box var atrasties stilīgi modes elementi, piemēram, kleitas, rokassomas vai aksesuāri, vai arī Shein dāvanu karte no 50 līdz 1000 eiro vērtībā. Liels pluss ir tas, ka klienti precīzi zina, kādas ir viņu izredzes – nekādu slēptu nosacījumu vai maldinošu solījumu. Satura vērtība bieži vien pārsniedz pašas kastes cenu, kas padara to par pievilcīgu izvēli attiecībā uz cenas un vērtības attiecību. Turklāt sortiments ir daudzveidīgs, pielāgots dažādiem budžetiem un modes vēlmēm, un ar piegādes iespējām visā pasaulē, tostarp arī Latvijā.
No otras puses, ir daži ierobežojumi, ar kuriem jārēķinās. Kad klients ir pasūtījis kasti, to nevar atgriezt. Atsevišķu kastu saturs var ievērojami atšķirties, kas var nebūt piemērots tiem, kam ir precīzs priekšstats par to, ko viņi vēlas. Lai gan vērtīgākas balvas ir diezgan lielas, nevar gaidīt, ka katrā kastē būs vērtīga dāvanu karte. Turklāt daži populāri Mystery box varianti mēdz tikt ātri izpārdoti, tāpēc jums jārīkojas ātri.
Pārbaudiet JemLit piedāvājumu
Secinājums par Shein Mystery Box: Modes pārsteigumi Shein Mystery Box ir jautrs, bet vienlaikus pieejams veids, kā atjaunot savu garderobi un piedzīvot pārsteigumus. Lai gan ne vienmēr ir garantēts, ka saturs precīzi būs atbilstošs jūsu gaumei, pateicoties tādiem pārredzamiem mazumtirgotājiem kā JemLit un arvien pieaugošajam atsauksmju skaitam, neveiksmīga pirkuma risku var samazināt līdz minimumam.
New York, United States, November 11th, 2025, Chainwire
Threshold Network has rolled out protocol upgrades and a refreshed website to reinforce tBTC’s position in Bitcoin onchain markets. This enhances tBTC’s role as the trusted tokenized Bitcoin, bridging Bitcoin’s onchain capital concentration to decentralized financial markets.
Recent analysis shows that 1M addresses hold over $100k; 157,000 hold over $1 million, and 19,142 addresses hold more than $10 million in Bitcoin. Together, these addresses represent an estimated $500 billion in value, a figure that has accelerated since U.S. spot ETF approvals in 2024. Although individuals control about 65.9% of the total Bitcoin supply, the majority are affluent investors rather than small retail holders.
Since the approval of U.S. spot Bitcoin ETFs, institutional participation has grown rapidly. Institutional holdings reached $414 billion in August 2025, driven by ETF inflows and corporate treasury strategies. Corporate reserves increased 40% in Q3 to $117 billion, while 172 listed companies now hold Bitcoin, collectively owning over 1 million BTC. MicroStrategy remains the largest corporate holder with 640,000 BTC, and as of October 2025, U.S. spot Bitcoin ETFs manage $169.48 billion in assets, representing 6.79% of Bitcoin’s market cap. Threshold sees this shift as an opportunity to shift to institutional positioning.
Renewed Focus: Institutional Access with Bitcoin’s Integrity
The redesigned Threshold Network website features a clean, minimal layout designed for clarity and accessibility. It represents Threshold’s transition from a single protocol to a comprehensive ecosystem that enables Bitcoin to move freely across financial markets.
The accompanying tBTC app has been upgraded to simplify the Bitcoin-to-DeFi experience. Users can now mint tBTC directly to supported chains with a single BTC transaction, without secondary approvals or unnecessary steps. Redemptions back to Bitcoin mainnet are equally straightforward, mirroring Bitcoin’s simplicity while maintaining full decentralization.
The upgrade also introduces several new features:
Use tBTC: A new section built to help users discover where they can deploy tBTC or put their Bitcoin to work. It provides a comprehensive overview of tBTC integrations across multiple DeFi protocols. Vaults: a new dashboard that consolidates integrated tBTC vault strategies into a single interface. It allows users to access curated, externally managed vault strategies built for ease of use. My Activity: This section offers a unified record of all user actions across minting, redeeming, and vault participation. Every transaction is logged onchain, allowing users to easily track their history and monitor performance over time.
The New tBTC App: Simplicity and Precision for Large Scale Adoption
The new tBTC app introduces a simplified interface focused on efficiency, transparency, and security. It allows users to move between Bitcoin and DeFi markets seamlessly while maintaining complete self-custody of their assets.
Streamlined Minting and Redemption
Users can now move effortlessly between Bitcoin and a range of supported networks, including Ethereum, Layer 2s, and non-EVM chains, through a single, seamless process.
This new functionality removes the friction traditionally involved in bringing Bitcoin into DeFi. Users can now mint and redeem tBTC quickly, securely, and without unnecessary costs or approvals.
Direct minting to supported chains enables capital to flow efficiently into DeFi markets, allowing institutions to deploy Bitcoin liquidity across multiple ecosystems without relying on centralized intermediaries. Direct redemption to Bitcoin mainnet gives users confidence that they can always return to native Bitcoin, maintaining trust and liquidity across all use cases. No Layer 2 signing required means that even complex transactions can be completed with a single Bitcoin transfer, reducing operational overhead for institutional treasuries and simplifying onboarding for individual users. Together, these upgrades position tBTC as the most efficient and permissionless access for Bitcoin in DeFi markets.
Gasless Minting on Supported Networks
Gasless minting is now possible on supported networks. Users only need to deposit Bitcoin; no wallet signatures or additional gas fees are required. They simply connect their wallet, send Bitcoin to a single-use address, and receive tBTC on their chosen chain. This feature allows users to utilize Bitcoin capital efficiently without compromising custody or cost.
“This is a major protocol upgrade that represents Threshold’s maturity as a network,” said Callan Sarre, Co-Founder and CPO of Threshold Labs.
“We’ve rebuilt the app to give users a unified experience. Mint, redeem, and deploy Bitcoin faster, with confidence and transparency. The new interface delivers what users, both institutional and individual, have consistently asked for: clarity and control without compromise.”
Building the Future of Bitcoin
Threshold Network, a cross-chain Bitcoin infrastructure protocol that enables BTC to move securely across multiple blockchains, has upgraded its app to support direct minting to supported networks with zero gas fees. The upgrade allows Bitcoin holders to access yield strategies, lending markets, and liquidity provision without first routing transactions through Ethereum Layer 1.
This release enables users to mint tBTC directly from the Bitcoin network into supported onchain ecosystems, removing the need for L1 bridging and significantly simplifying user onboarding.
“The scale of institutional adoption since ETF approvals has been extraordinary,” said MacLane Wilkison, Co-Founder and CEO of Threshold Labs.
“Our focus is on building the infrastructure that allows institutions, funds, and corporates to interact with Bitcoin onchain securely. As traditional finance integrates Bitcoin into its portfolios, tBTC stands as the bridge that ensures this participation remains decentralized and transparent.”
With tBTC available across major ecosystems, including Ethereum, Arbitrum, Base, Polygon, Sui, Starknet, BOB, and Optimism, Threshold continues to expand its integrations to increase liquidity and, soon, enable access to institutional capital.
Users can explore the new app and website at https://threshold.network
About Threshold Network
Threshold Network is the decentralized protocol behind tBTC, a permissionless 1:1 Bitcoin-backed asset secured by a 51-of-100 threshold signer model. tBTC enables native BTC to move across chains like Ethereum, Base, Sui, Arbitrum, and Starknet without requiring custodians or compromising security. With over 5 years of proven security and about $4.8B in bridge volume, Threshold offers the most battle-tested, trust-minimized Bitcoin infrastructure onchain.
Contact Head of Marketing
RC Ramos
Threshold Network [email protected]
New York, United States, November 11th, 2025, Chainwire
Threshold Network has rolled out protocol upgrades and a refreshed website to reinforce tBTC’s position in Bitcoin onchain markets. This enhances tBTC’s role as the trusted tokenized Bitcoin, bridging Bitcoin’s onchain capital concentration to decentralized financial markets.
Recent analysis shows that 1M addresses hold over $100k; 157,000 hold over $1 million, and 19,142 addresses hold more than $10 million in Bitcoin. Together, these addresses represent an estimated $500 billion in value, a figure that has accelerated since U.S. spot ETF approvals in 2024. Although individuals control about 65.9% of the total Bitcoin supply, the majority are affluent investors rather than small retail holders.
Since the approval of U.S. spot Bitcoin ETFs, institutional participation has grown rapidly. Institutional holdings reached $414 billion in August 2025, driven by ETF inflows and corporate treasury strategies. Corporate reserves increased 40% in Q3 to $117 billion, while 172 listed companies now hold Bitcoin, collectively owning over 1 million BTC. MicroStrategy remains the largest corporate holder with 640,000 BTC, and as of October 2025, U.S. spot Bitcoin ETFs manage $169.48 billion in assets, representing 6.79% of Bitcoin’s market cap. Threshold sees this shift as an opportunity to shift to institutional positioning.
Renewed Focus: Institutional Access with Bitcoin’s Integrity
The redesigned Threshold Network website features a clean, minimal layout designed for clarity and accessibility. It represents Threshold’s transition from a single protocol to a comprehensive ecosystem that enables Bitcoin to move freely across financial markets.
The accompanying tBTC app has been upgraded to simplify the Bitcoin-to-DeFi experience. Users can now mint tBTC directly to supported chains with a single BTC transaction, without secondary approvals or unnecessary steps. Redemptions back to Bitcoin mainnet are equally straightforward, mirroring Bitcoin’s simplicity while maintaining full decentralization.
The upgrade also introduces several new features:
Use tBTC: A new section built to help users discover where they can deploy tBTC or put their Bitcoin to work. It provides a comprehensive overview of tBTC integrations across multiple DeFi protocols. Vaults: a new dashboard that consolidates integrated tBTC vault strategies into a single interface. It allows users to access curated, externally managed vault strategies built for ease of use. My Activity: This section offers a unified record of all user actions across minting, redeeming, and vault participation. Every transaction is logged onchain, allowing users to easily track their history and monitor performance over time.
The New tBTC App: Simplicity and Precision for Large Scale Adoption
The new tBTC app introduces a simplified interface focused on efficiency, transparency, and security. It allows users to move between Bitcoin and DeFi markets seamlessly while maintaining complete self-custody of their assets.
Streamlined Minting and Redemption
Users can now move effortlessly between Bitcoin and a range of supported networks, including Ethereum, Layer 2s, and non-EVM chains, through a single, seamless process.
This new functionality removes the friction traditionally involved in bringing Bitcoin into DeFi. Users can now mint and redeem tBTC quickly, securely, and without unnecessary costs or approvals.
Direct minting to supported chains enables capital to flow efficiently into DeFi markets, allowing institutions to deploy Bitcoin liquidity across multiple ecosystems without relying on centralized intermediaries. Direct redemption to Bitcoin mainnet gives users confidence that they can always return to native Bitcoin, maintaining trust and liquidity across all use cases. No Layer 2 signing required means that even complex transactions can be completed with a single Bitcoin transfer, reducing operational overhead for institutional treasuries and simplifying onboarding for individual users. Together, these upgrades position tBTC as the most efficient and permissionless access for Bitcoin in DeFi markets.
Gasless Minting on Supported Networks
Gasless minting is now possible on supported networks. Users only need to deposit Bitcoin; no wallet signatures or additional gas fees are required. They simply connect their wallet, send Bitcoin to a single-use address, and receive tBTC on their chosen chain. This feature allows users to utilize Bitcoin capital efficiently without compromising custody or cost.
“This is a major protocol upgrade that represents Threshold’s maturity as a network,” said Callan Sarre, Co-Founder and CPO of Threshold Labs.
“We’ve rebuilt the app to give users a unified experience. Mint, redeem, and deploy Bitcoin faster, with confidence and transparency. The new interface delivers what users, both institutional and individual, have consistently asked for: clarity and control without compromise.”
Building the Future of Bitcoin
Threshold Network, a cross-chain Bitcoin infrastructure protocol that enables BTC to move securely across multiple blockchains, has upgraded its app to support direct minting to supported networks with zero gas fees. The upgrade allows Bitcoin holders to access yield strategies, lending markets, and liquidity provision without first routing transactions through Ethereum Layer 1.
This release enables users to mint tBTC directly from the Bitcoin network into supported onchain ecosystems, removing the need for L1 bridging and significantly simplifying user onboarding.
“The scale of institutional adoption since ETF approvals has been extraordinary,” said MacLane Wilkison, Co-Founder and CEO of Threshold Labs.
“Our focus is on building the infrastructure that allows institutions, funds, and corporates to interact with Bitcoin onchain securely. As traditional finance integrates Bitcoin into its portfolios, tBTC stands as the bridge that ensures this participation remains decentralized and transparent.”
With tBTC available across major ecosystems, including Ethereum, Arbitrum, Base, Polygon, Sui, Starknet, BOB, and Optimism, Threshold continues to expand its integrations to increase liquidity and, soon, enable access to institutional capital.
Users can explore the new app and website at https://threshold.network
About Threshold Network
Threshold Network is the decentralized protocol behind tBTC, a permissionless 1:1 Bitcoin-backed asset secured by a 51-of-100 threshold signer model. tBTC enables native BTC to move across chains like Ethereum, Base, Sui, Arbitrum, and Starknet without requiring custodians or compromising security. With over 5 years of proven security and about $4.8B in bridge volume, Threshold offers the most battle-tested, trust-minimized Bitcoin infrastructure onchain.
ContactHead of Marketing
RC Ramos
Threshold Network [email protected]
This article is not intended as financial advice. Educational purposes only.
[PRESS RELEASE – New York, United States, November 11th, 2025]
Threshold Network has rolled out protocol upgrades and a refreshed website to reinforce tBTC’s position in Bitcoin onchain markets. This enhances tBTC’s role as the trusted tokenized Bitcoin, bridging Bitcoin’s onchain capital concentration to decentralized financial markets.
Recent analysis shows that 1M addresses hold over $100k; 157,000 hold over $1 million, and 19,142 addresses hold more than $10 million in Bitcoin. Together, these addresses represent an estimated $500 billion in value, a figure that has accelerated since U.S. spot ETF approvals in 2024. Although individuals control about 65.9% of the total Bitcoin supply, the majority are affluent investors rather than small retail holders.
Since the approval of U.S. spot Bitcoin ETFs, institutional participation has grown rapidly. Institutional holdings reached $414 billion in August 2025, driven by ETF inflows and corporate treasury strategies. Corporate reserves increased 40% in Q3 to $117 billion, while 172 listed companies now hold Bitcoin, collectively owning over 1 million BTC. MicroStrategy remains the largest corporate holder with 640,000 BTC, and as of October 2025, U.S. spot Bitcoin ETFs manage $169.48 billion in assets, representing 6.79% of Bitcoin’s market cap. Threshold sees this shift as an opportunity to shift to institutional positioning.
Renewed Focus: Institutional Access with Bitcoin’s Integrity
The redesigned Threshold Network website features a clean, minimal layout designed for clarity and accessibility. It represents Threshold’s transition from a single protocol to a comprehensive ecosystem that enables Bitcoin to move freely across financial markets.
The accompanying tBTC app has been upgraded to simplify the Bitcoin-to-DeFi experience. Users can now mint tBTC directly to supported chains with a single BTC transaction, without secondary approvals or unnecessary steps. Redemptions back to Bitcoin mainnet are equally straightforward, mirroring Bitcoin’s simplicity while maintaining full decentralization.
The upgrade also introduces several new features:
Use tBTC: A new section built to help users discover where they can deploy tBTC or put their Bitcoin to work. It provides a comprehensive overview of tBTC integrations across multiple DeFi protocols. Vaults: a new dashboard that consolidates integrated tBTC vault strategies into a single interface. It allows users to access curated, externally managed vault strategies built for ease of use. My Activity: This section offers a unified record of all user actions across minting, redeeming, and vault participation. Every transaction is logged onchain, allowing users to easily track their history and monitor performance over time.
The New tBTC App: Simplicity and Precision for Large Scale Adoption
The new tBTC app introduces a simplified interface focused on efficiency, transparency, and security. It allows users to move between Bitcoin and DeFi markets seamlessly while maintaining complete self-custody of their assets.
Streamlined Minting and Redemption
Users can now move effortlessly between Bitcoin and a range of supported networks, including Ethereum, Layer 2s, and non-EVM chains, through a single, seamless process.
This new functionality removes the friction traditionally involved in bringing Bitcoin into DeFi. Users can now mint and redeem tBTC quickly, securely, and without unnecessary costs or approvals.
Direct minting to supported chains enables capital to flow efficiently into DeFi markets, allowing institutions to deploy Bitcoin liquidity across multiple ecosystems without relying on centralized intermediaries. Direct redemption to Bitcoin mainnet gives users confidence that they can always return to native Bitcoin, maintaining trust and liquidity across all use cases. No Layer 2 signing required means that even complex transactions can be completed with a single Bitcoin transfer, reducing operational overhead for institutional treasuries and simplifying onboarding for individual users. Together, these upgrades position tBTC as the most efficient and permissionless access for Bitcoin in DeFi markets.
Gasless Minting on Supported Networks
Gasless minting is now possible on supported networks. Users only need to deposit Bitcoin; no wallet signatures or additional gas fees are required. They simply connect their wallet, send Bitcoin to a single-use address, and receive tBTC on their chosen chain. This feature allows users to utilize Bitcoin capital efficiently without compromising custody or cost.
“This is a major protocol upgrade that represents Threshold’s maturity as a network,” said Callan Sarre, Co-Founder and CPO of Threshold Labs.
“We’ve rebuilt the app to give users a unified experience. Mint, redeem, and deploy Bitcoin faster, with confidence and transparency. The new interface delivers what users, both institutional and individual, have consistently asked for: clarity and control without compromise.”
Building the Future of Bitcoin
Threshold Network, a cross-chain Bitcoin infrastructure protocol that enables BTC to move securely across multiple blockchains, has upgraded its app to support direct minting to supported networks with zero gas fees. The upgrade allows Bitcoin holders to access yield strategies, lending markets, and liquidity provision without first routing transactions through Ethereum Layer 1.
This release enables users to mint tBTC directly from the Bitcoin network into supported onchain ecosystems, removing the need for L1 bridging and significantly simplifying user onboarding.
“The scale of institutional adoption since ETF approvals has been extraordinary,” said MacLane Wilkison, Co-Founder and CEO of Threshold Labs.
“Our focus is on building the infrastructure that allows institutions, funds, and corporates to interact with Bitcoin onchain securely. As traditional finance integrates Bitcoin into its portfolios, tBTC stands as the bridge that ensures this participation remains decentralized and transparent.”
With tBTC available across major ecosystems, including Ethereum, Arbitrum, Base, Polygon, Sui, Starknet, BOB, and Optimism, Threshold continues to expand its integrations to increase liquidity and, soon, enable access to institutional capital.
Users can explore the new app and website at https://threshold.network
About Threshold Network
Threshold Network is the decentralized protocol behind tBTC, a permissionless 1:1 Bitcoin-backed asset secured by a 51-of-100 threshold signer model. tBTC enables native BTC to move across chains like Ethereum, Base, Sui, Arbitrum, and Starknet without requiring custodians or compromising security. With over 5 years of proven security and about $4.8B in bridge volume, Threshold offers the most battle-tested, trust-minimized Bitcoin infrastructure onchain.
2025 was a defining year for Threshold Network and its core product, tBTC. Across networks, integrations, and infrastructure, the protocol continued to strengthen its role as a multi-chain Bitcoin asset, with steady adoption and evident progress across key metrics.
By year’s end, cumulative transaction volume reached 26,355 BTC, reflecting sustained usage as Bitcoin liquidity moved onchain across an expanding set of environments.
tBTC 2025 Wrapped Video by Threshold Network
Supply Growth and Network MilestonesOn October 8, 2025, tBTC reached several important milestones. Total value locked peaked at 6,500 BTC, while total supply reached its highest level in USD terms at $806,124,000. These figures marked a high point for tBTC’s presence across supported networks.
Just days later, on October 12, tBTC recorded its highest holder count of the year, reaching 18,136 holders—highlighting broad participation across chains.
tBTC 2025 in Review - Highest TVL
tBTC 2025 in Review - Peak SupplyProduct Evolution and Strategic RepositioningA significant milestone for tBTC in 2025 came on November 11, with the launch of both a redesigned tBTC application and a refreshed Threshold Network website. Together, these releases marked a clear step forward in product experience and long-term positioning.
Gasless tBTC Minting and Direct RedemptionsThreshold released an updated tBTC app that enables users to mint tBTC gaslessly and redeem directly back to native BTC. The new interface simplifies the full lifecycle of moving Bitcoin onchain, offering clearer steps, reduced friction for first-time users, and transparent communication around tBTC’s security guarantees and 1:1 backing.
The experience also surfaces real-time data and provides more intuitive guidance on how and where tBTC can be deployed across onchain markets.
Explore the updated app and documentation:
https://app.threshold.network
Strategic Repositioning for Long-Term ScalabilityIn parallel with the app upgrade, Threshold Network introduced a redesigned website that strengthens its identity as the Bitcoin standard for onchain finance and presents a clearer, more forward-looking vision for tBTC.
The rebrand reflects a strategic repositioning focused on long-term scalability and clarity as Bitcoin adoption continues to expand onchain.
Read the full announcement:
https://www.threshold.network/blog/tbtc-simplifying-bitcoin-onchain/
Image from: https://www.threshold.network/blog/tbtc-simplifying-bitcoin-onchain/Improved Transparency with a New Dune DashboardTo further support transparency and ecosystem insight, a new Dune Analytics dashboard for tBTC was released. The dashboard offers improved visibility into minting and redemption activity, supply metrics, and protocol-level flows—supporting users, researchers, and integrators who rely on clear data to understand how BTC moves across onchain markets.
Visit the latest Threshold Dune dashboard:
https://dune.com/threshold/tbtc-performance-dashboard
New Threshold Dune DashboardExpanding Infrastructure and IntegrationsInfrastructure growth remained a core focus throughout 2025. tBTC expanded its vault ecosystem with the launch of four new vaults:
UpshiftEmberYield BasisNoon
tBTC 2025 in Review - Vault IntegrationsIn parallel, tBTC integrated with 20 DeFi protocols, extending Bitcoin liquidity into new onchain financial use cases and strengthening its presence across major platforms.
Strengthening Multi-Chain ReachtBTC reinforced its multi-chain footprint in 2025 with launches on three new chains:
SuiMezoStarknet
tBTC 2025 in Review - Chains Launched These additions further positioned tBTC as a Bitcoin asset designed for use across multiple networks.
Distribution Across ChainsBy total value locked, the top five chains supporting tBTC in 2025 were:
Ethereum – $578MArbitrum – $13MStarknet – $11.8MSolana – $6MBase – $5MBy holder count, the leading chains were:
Ethereum – 9,571 holdersBase – 3,474 holdersOptimism – 2,139 holdersPolygon – 2,056 holdersArbitrum – 1,120 holdersLiquidity ConcentrationLiquidity in 2025 remained concentrated across major venues. The largest tBTC pools by supply were:
Aave – $154MCurve – $99MSparkLend – $12MLooking AheadThe milestones reached in 2025 reflect more than growth in numbers; they signal growing confidence in tBTC as Bitcoin continues to move onchain across multiple networks. Expanded vault infrastructure, broader protocol integrations, and increasing participation across chains all point to a maturing asset built for sustained use.
As tBTC enters the next phase, the focus remains on delivering reliable, scalable, and secure access to Bitcoin across an increasingly multi-chain environment. With infrastructure in place and liquidity established across major venues, tBTC is positioned to support the next wave of onchain Bitcoin activity, where utility, accessibility, and reach continue to expand.
Bitcoin markets have stabilized, shifting participants' focus from short-term price action to disciplined, capital-efficient structures and advanced risk management. As adoption matures, demand rises for BTC-denominated frameworks that let holders maintain exposure while engaging with onchain financial infrastructure.
Noon is extending its vault framework to Bitcoin, launching the tBTC Vault on Starknet via Vesu. This vault lets Bitcoin holders keep BTC exposure while using onchain financial tools with clear risk controls.
This launch brings together three complementary systems in a first-of-its-kind integration:
tBTC’s trust-minimized Bitcoin bridge for native BTCNoon’s multi-venue strategy framework that delivers diversified exposureVesu’s institutional-grade lending infrastructure on Starknet.Demand for structured, reliable BTC frameworks is growing among institutions and sophisticated participants, with interest rising in tBTC-based strategies as DeFi infrastructure matures. (Source: Forbes https://www.forbes.com/sites/digital-assets/2025/12/01/bitcoins-november-selloff-was-a-stress-testand-defi-quietly-passed/)
Using tBTC as CollateralNoon’s tBTC vault lets users access stablecoin strategies while keeping BTC as the core asset. Borrowing starts at a conservative 50% loan-to-value, and automated controls reduce risk if thresholds are reached, protecting users during volatility.
Noon tBTC Yield VaultA Track Record of OutperformanceOver the past several months, Noon has delivered stronger performance than competitors such as Ethena, Resolv, and other-structured yield protocols. This has not been accidental.
Noon’s advantage comes from widening its search for yield beyond a single sector. The team actively evaluates opportunities across DeFi, CeFi, and TradFi, selecting strategies that balance attractive returns with disciplined risk management. Many of these opportunities are typically available only to large-scale investors due to high minimum allocations, but Noon structures them so they are accessible to its users. These strategies ultimately determine the performance of sUSN.
The tBTC-Denominated VaultThe new tBTC vault on Starknet follows the same principles but is tailored to Bitcoin holders' needs. After borrowing stablecoins against tBTC, Noon deploys those stablecoins into lending markets to execute leveraged looping strategies. This involves lending stablecoins, borrowing against them, and repeatedly redepositing. The objective is to amplify yield from interest-bearing positions while keeping leverage and risk levels under control.
The target APY for this vault is approximately 10%, reflecting a balanced approach to performance and stability.
Noon tBTC Yield Vault Performance | Threshold NetworkPositioning for the Next Phase of Bitcoin FinanceIntegrating tBTC into Noon’s vault framework reflects a broader evolution in how Bitcoin is used onchain. The structure enables BTC holders to maintain Bitcoin exposure while engaging with BTC-denominated strategies implemented under defined risk parameters and transparent infrastructure.
By combining tBTC’s trust-minimized design with Noon’s strategy framework and Vesu’s lending architecture on Starknet, the vault provides a clear, disciplined model for structured Bitcoin participation in onchain markets.
Disclosure: Participation in Noon vaults carries market, smart contract, and counterparty risks, as well as the potential loss of capital. Target outcomes and projected metrics are not guaranteed; actual results may vary with market conditions. This material is for informational purposes only and does not constitute investment advice, an offer, or a solicitation.
tBTC has always been designed with a clear objective: bring Bitcoin onchain in a way that prioritizes security, transparency, and reliable market behavior. Over time, usage has grown steadily, onchain performance has remained consistent, and tBTC has continued to function as intended across a wide range of market conditions.
This update builds on that foundation.
Fee waivers for $T stakers are now live on Threshold Network, introducing a new way for active participants to reduce execution costs while reinforcing the economic alignment between protocol usage and governance.
This change does not alter how tBTC works. Instead, it refines the economics around how participants interact with the bridge, particularly at scale.
Improving Capital Efficiency Without Workflow ChangestBTC mint and redemption fees (20 bps each) support decentralized bridge operations and can be partially or fully offset by staking $T. Staking unlocks waiver capacity on a rolling 30-day window, every 100,000 T staked offsets 0.001 tBTC in bridge fees, applicable to both minting and redemption.
Note: Per TIP-109, the tBTC mint fee was reinstated at 20 bps on April 15, 2026, matching the redemption fee.
Staking WaiversFor participants, this means:
Lower effective execution costs over timeImproved arbitrage efficiency between BTC and tBTCTighter pricing and more reliable liquidityNo changes to custody, settlement, or operational workflowsThe mechanism is opt-in and parameterized, allowing participants to plan around fee exposure with greater precision.
Predictable Parameters, Sustainable tBTC-BTC SpreadtBTC is designed to track Bitcoin as closely as possible. Reducing redemption friction improves arbitrage efficiency, which in turn supports a tighter BTC–tBTC spread and more stable secondary markets.
Early data indicate the mechanism is functioning as intended, reinforcing pricing reliability while maintaining the protocol’s conservative security assumptions.
tBTC - BTC - WBTC Spread | Threshold NetworkThe fee waiver system is intentionally straightforward:
Waiver capacity applies over a rolling 30-day windowEvery 100,000 $T staked offsets up to 0.001 tBTC in eligible feesMinting remains free; redemption fees are offset via waiversUnstaking requires a 30-day periodGovernance participation is unaffectedThis structure favors sustained participation and minimizes short-term distortions. It’s particularly relevant for frequent bridgers, market makers, arbitrageurs, and long-term $T holders, as well as institutions looking for a more capital-efficient way to move Bitcoin onchain. Even users who don’t stake may see benefits through tighter pricing, improved liquidity, and more reliable tBTC markets overall.
Where to stake T TokensStaking $T is optional. Eligible participants may access available fee waivers in accordance with applicable protocol parameters. $T token is available on most decentralized exchanges and major CEX's.
See where you can find $T at https://coingecko.com/en/coins/threshold-network-token
Disclaimer: This blog post is provided for informational purposes only and does not constitute financial, investment, legal, or tax advice. Nothing contained herein should be construed as an offer, solicitation, or recommendation to acquire, dispose of, or stake any digital asset.
New York, United States, January 22nd, 2026, Chainwire
Threshold Network today announced the launch of fee waivers for $T stakers, a mechanism intended to enhance the Threshold token’s utility and improve onchain performance and capital efficiency for tBTC, its decentralized Bitcoin bridge.
By staking (locking) $T tokens, participants become eligible for reduced or fully waived tBTC bridge fees on eligible mint and redeem activity. The update lowers execution costs for active users, improves arbitrage efficiency between tBTC and BTC, and creates a clearer, more direct link between governance participation and real protocol usage.
Lower Costs, Better Outcomes for Active BTC Users
For participants who regularly bridge Bitcoin, execution costs can compound over time. Minting BTC into tBTC remains free, in line with existing governance decisions. However, redemption carries a fee of up to 20 basis points, reflecting the cost of maintaining secure, decentralized bridge infrastructure. The new fee waivers for $T stakers are designed to reduce this friction by minimizing or fully offsetting redemption costs based on the amount of $T staked.
Staking larger amounts of $T increases waiver capacity, resulting in significant reductions in redemption and other eligible protocol fees.
For participants, this means:
Lower effective execution costs over time Improved arbitrage efficiency between BTC and tBTC Tighter pricing and more reliable liquidity No changes to custody, settlement, or operational workflows For long-term $T holders, staking now extends beyond governance participation or security contribution, becoming a practical tool to improve execution outcomes while reinforcing the infrastructure they rely on.
Supporting Tighter BTC–tBTC Pricing
tBTC is designed to track Bitcoin as closely as possible. Even small sources of friction can matter at scale. The 20-basis-point BTC redemption fee, implemented to support protocol sustainability, introduced a modest drag that could manifest as a proportional discount to BTC in secondary markets
Fee waivers change the economics of that interaction. By reducing redemption costs for active participants, $T staking improves arbitrage efficiency between tBTC and BTC, supporting tighter pricing, more reliable liquidity, and smoother BTC flows across DeFi, benefiting both users and the protocol.
Early data indicate the mechanism is functioning as intended, reinforcing pricing reliability while maintaining the protocol’s conservative security assumptions.
“tBTC is now perfectly pegged. No more 20bps discount attributable to redemption fees” – MacLane Wilkison, Co-Founder of Threshold Network on X
Understanding Key Benefits and Limitations
When T is staked, it unlocks waiver capacity for tBTC minting and redemption over a rolling 30-day window. For every 100,000 T staked, users can offset 0.001 tBTC in bridge fees. tBTC fees can be completely waived if a user stakes a proportional amount of T.
A few key parameters:
Waiver capacity applies over a rolling 30-day window Every 100,000 $T staked offsets up to 0.001 tBTC in eligible fees Minting remains free; redemption fees are offset via waivers Unstaking requires a 30-day period Governance participation is unaffected
Over recent periods, tBTC has demonstrated consistent, steady growth and strong onchain performance relative to other Bitcoin wrappers, supported by transparent design and sustained market usage. The introduction of fee waivers for $T stakers reflects Threshold Network’s continued focus on refining the economic and operational framework for bringing Bitcoin onchain in a manner that supports efficiency, reliability, and market integrity.
The update is relevant to participants who regularly interact with Bitcoin infrastructure, including frequent bridgers, market makers, arbitrageurs, long-term $T holders, and institutions seeking transparent, capital-efficient access to Bitcoin. Even users who do not stake may benefit indirectly from improved liquidity, tighter pricing, and increased reliability across tBTC markets.
Staking $T is optional. Eligible participants may access available fee waivers in accordance with applicable protocol parameters. $T token is available on most decentralized exchanges and major CEX’s
Where users can find $T: https://coingecko.com/en/coins/threshold-network-token
To start taking $T tokens, users can visit https://app.threshold.network/stake
About Threshold Network
Threshold Network powers tBTC, the Bitcoin standard in finance, enabling Bitcoin liquidity to move across chains without compromising settlement finality. Secured by threshold cryptography, tBTC is trust-minimized and censorship-resistant, while maintaining a direct settlement path back to native Bitcoin.
New York, United States, January 22nd, 2026, Chainwire
Threshold Network today announced the launch of fee waivers for $T stakers, a mechanism intended to enhance the Threshold token’s utility and improve onchain performance and capital efficiency for tBTC, its decentralized Bitcoin bridge.
By staking (locking) $T tokens, participants become eligible for reduced or fully waived tBTC bridge fees on eligible mint and redeem activity. The update lowers execution costs for active users, improves arbitrage efficiency between tBTC and BTC, and creates a clearer, more direct link between governance participation and real protocol usage.
Lower Costs, Better Outcomes for Active BTC Users
For participants who regularly bridge Bitcoin, execution costs can compound over time. Minting BTC into tBTC remains free, in line with existing governance decisions. However, redemption carries a fee of up to 20 basis points, reflecting the cost of maintaining secure, decentralized bridge infrastructure. The new fee waivers for $T stakers are designed to reduce this friction by minimizing or fully offsetting redemption costs based on the amount of $T staked.
Staking larger amounts of $T increases waiver capacity, resulting in significant reductions in redemption and other eligible protocol fees.
For participants, this means:
Lower effective execution costs over time Improved arbitrage efficiency between BTC and tBTC Tighter pricing and more reliable liquidity No changes to custody, settlement, or operational workflows For long-term $T holders, staking now extends beyond governance participation or security contribution, becoming a practical tool to improve execution outcomes while reinforcing the infrastructure they rely on.
Supporting Tighter BTC–tBTC Pricing
tBTC is designed to track Bitcoin as closely as possible. Even small sources of friction can matter at scale. The 20-basis-point BTC redemption fee, implemented to support protocol sustainability, introduced a modest drag that could manifest as a proportional discount to BTC in secondary markets
Fee waivers change the economics of that interaction. By reducing redemption costs for active participants, $T staking improves arbitrage efficiency between tBTC and BTC, supporting tighter pricing, more reliable liquidity, and smoother BTC flows across DeFi, benefiting both users and the protocol.
Early data indicate the mechanism is functioning as intended, reinforcing pricing reliability while maintaining the protocol’s conservative security assumptions.
“tBTC is now perfectly pegged. No more 20bps discount attributable to redemption fees” - MacLane Wilkison, Co-Founder of Threshold Network on X
Understanding Key Benefits and Limitations
When T is staked, it unlocks waiver capacity for tBTC minting and redemption over a rolling 30-day window. For every 100,000 T staked, users can offset 0.001 tBTC in bridge fees. tBTC fees can be completely waived if a user stakes a proportional amount of T.
A few key parameters:
Waiver capacity applies over a rolling 30-day window Every 100,000 $T staked offsets up to 0.001 tBTC in eligible fees Minting remains free; redemption fees are offset via waivers Unstaking requires a 30-day period Governance participation is unaffected Over recent periods, tBTC has demonstrated consistent, steady growth and strong onchain performance relative to other Bitcoin wrappers, supported by transparent design and sustained market usage. The introduction of fee waivers for $T stakers reflects Threshold Network’s continued focus on refining the economic and operational framework for bringing Bitcoin onchain in a manner that supports efficiency, reliability, and market integrity.
The update is relevant to participants who regularly interact with Bitcoin infrastructure, including frequent bridgers, market makers, arbitrageurs, long-term $T holders, and institutions seeking transparent, capital-efficient access to Bitcoin. Even users who do not stake may benefit indirectly from improved liquidity, tighter pricing, and increased reliability across tBTC markets.
Staking $T is optional. Eligible participants may access available fee waivers in accordance with applicable protocol parameters. $T token is available on most decentralized exchanges and major CEX's
Where users can find $T: https://coingecko.com/en/coins/threshold-network-token
To start taking $T tokens, users can visit https://app.threshold.network/stake
About Threshold Network
Threshold Network powers tBTC, the Bitcoin standard in finance, enabling Bitcoin liquidity to move across chains without compromising settlement finality. Secured by threshold cryptography, tBTC is trust-minimized and censorship-resistant, while maintaining a direct settlement path back to native Bitcoin.
[PRESS RELEASE – New York, United States, January 22nd, 2026]
Threshold Network today announced the launch of fee waivers for $T stakers, a mechanism intended to enhance the Threshold token’s utility and improve onchain performance and capital efficiency for tBTC, its decentralized Bitcoin bridge.
By staking (locking) $T tokens, participants become eligible for reduced or fully waived tBTC bridge fees on eligible mint and redeem activity. The update lowers execution costs for active users, improves arbitrage efficiency between tBTC and BTC, and creates a clearer, more direct link between governance participation and real protocol usage.
Lower Costs, Better Outcomes for Active BTC Users
For participants who regularly bridge Bitcoin, execution costs can compound over time. Minting BTC into tBTC remains free, in line with existing governance decisions. However, redemption carries a fee of up to 20 basis points, reflecting the cost of maintaining secure, decentralized bridge infrastructure. The new fee waivers for $T stakers are designed to reduce this friction by minimizing or fully offsetting redemption costs based on the amount of $T staked.
Staking larger amounts of $T increases waiver capacity, resulting in significant reductions in redemption and other eligible protocol fees.
For participants, this means:
Lower effective execution costs over time Improved arbitrage efficiency between BTC and tBTC Tighter pricing and more reliable liquidity No changes to custody, settlement, or operational workflows For long-term $T holders, staking now extends beyond governance participation or security contribution, becoming a practical tool to improve execution outcomes while reinforcing the infrastructure they rely on.
Supporting Tighter BTC–tBTC Pricing
tBTC is designed to track Bitcoin as closely as possible. Even small sources of friction can matter at scale. The 20-basis-point BTC redemption fee, implemented to support protocol sustainability, introduced a modest drag that could manifest as a proportional discount to BTC in secondary markets
Fee waivers change the economics of that interaction. By reducing redemption costs for active participants, $T staking improves arbitrage efficiency between tBTC and BTC, supporting tighter pricing, more reliable liquidity, and smoother BTC flows across DeFi, benefiting both users and the protocol.
Early data indicate the mechanism is functioning as intended, reinforcing pricing reliability while maintaining the protocol’s conservative security assumptions.
“tBTC is now perfectly pegged. No more 20bps discount attributable to redemption fees” – MacLane Wilkison, Co-Founder of Threshold Network on X
Understanding Key Benefits and Limitations
When T is staked, it unlocks waiver capacity for tBTC minting and redemption over a rolling 30-day window. For every 100,000 T staked, users can offset 0.001 tBTC in bridge fees. tBTC fees can be completely waived if a user stakes a proportional amount of T.
A few key parameters:
Waiver capacity applies over a rolling 30-day window Every 100,000 $T staked offsets up to 0.001 tBTC in eligible fees Minting remains free; redemption fees are offset via waivers Unstaking requires a 30-day period Governance participation is unaffected
Over recent periods, tBTC has demonstrated consistent, steady growth and strong onchain performance relative to other Bitcoin wrappers, supported by transparent design and sustained market usage. The introduction of fee waivers for $T stakers reflects Threshold Network’s continued focus on refining the economic and operational framework for bringing Bitcoin onchain in a manner that supports efficiency, reliability, and market integrity.
The update is relevant to participants who regularly interact with Bitcoin infrastructure, including frequent bridgers, market makers, arbitrageurs, long-term $T holders, and institutions seeking transparent, capital-efficient access to Bitcoin. Even users who do not stake may benefit indirectly from improved liquidity, tighter pricing, and increased reliability across tBTC markets.
Staking $T is optional. Eligible participants may access available fee waivers in accordance with applicable protocol parameters. $T token is available on most decentralized exchanges and major CEX’s
Where users can find $T: https://coingecko.com/en/coins/threshold-network-token
To start taking $T tokens, users can visit https://app.threshold.network/stake
About Threshold Network
Threshold Network powers tBTC, the Bitcoin standard in finance, enabling Bitcoin liquidity to move across chains without compromising settlement finality. Secured by threshold cryptography, tBTC is trust-minimized and censorship-resistant, while maintaining a direct settlement path back to native Bitcoin.
January 2026 marked a strong start to the year for Threshold Network, with continued growth in tBTC adoption, a new vault launch, and deeper engagement with Bitcoin’s onchain role. As market conditions shifted, Threshold remained focused on resilience, trust-minimized design, and sustainable Bitcoin utility.
Throughout the month, Threshold Network advanced its core mission of bringing Bitcoin onchain without compromising its security model or economic integrity. Key research, protocol updates, and ecosystem expansions reinforced tBTC’s position as a reliable, production-ready bridge for Bitcoin liquidity.
HighlightstBTC has surpassed 48,000 BTC in cumulative volume to date and is on track to reach the 50,000 BTC milestone in Q2.Jan 27: Threshold released the tBTC Blueprint Report by Alea Research, detailing tBTC’s 800% growth since 2024 and underscoring its security and resilience relative to other tokenized Bitcoin alternatives.Jan 19: Amid market cycles, tBTC continued steady growth with 5,942 BTC in TVL and 97 percent of supply concentrated on Ethereum, signaling sustained Jan 5: The tBTC Noon Vault went live in partnership with Vesu and Starknet, introducing a structured BTC-denominated onchain positioning strategy.Jan 5: tBTC redemption fee waivers for $T stakers are now available on the Threshold App, reducing execution costs while strengthening protocol and governance alignment.MilestonestBTC Continues Steady Growth Amid Market CyclesOn January 19, tBTC continued to demonstrate resilience and sustained adoption amid broader market cycles. Total value locked reached 5,942 BTC, with 97 percent of supply concentrated on Ethereum, signaling consistent onchain demand and real usage.
These metrics reflect tBTC’s role as a production-ready Bitcoin bridge built without leverage, rehypothecation, or opaque yield mechanics. Its trust-minimized design continues to support predictable behavior across varying market conditions while preserving Bitcoin’s core principles.
tBTC Continues Steady Growth | Threshold Network
tBTC Redemption Fee Waivers for $T Stakers tBTC was designed to bring Bitcoin onchain while prioritizing security, transparency, and reliable market behavior. As adoption has increased, onchain performance has remained consistent across a wide range of market conditions.
The introduction of redemption-fee waivers for $T stakers builds on this foundation by reducing execution costs for active participants and reinforcing alignment between protocol usage and governance. This update refines the economics of interacting with the bridge, particularly at scale, without altering tBTC’s underlying mechanics.
Learn more about fee waivers for $T stakers:
tBTC redemption fee waivers are now live for $T stakers
Ecosystem GrowthNoon tBTC Yield Vault Goes Live and Gains Early TractionOn January 10, the Noon-tBTC Yield Vault launched on Threshold Network in partnership with Vesu, Starknet’s largest lending platform. Built around disciplined Bitcoin yield strategies, the vault initially targeted a 10 percent APY. Within two days, it reached $454,060 in TVL with a 7-day APY of 6.79 percent, signaling early interest in structured Bitcoin yield products.
Explore the vault: https://app.threshold.network/vaults/starknet-noon
tBTC Noon Vault Goes Live | Threshold NetworktBTC Blueprint Report by Alea ResearchBitcoin onchain is entering a phase where security, custodianship, and protocol design matter more than ever, and Threshold Network continues to advance this standard through tBTC.
The tBTC Blueprint Report by Alea Research focuses on tBTC and Threshold Network as a reference model for trust-minimized Bitcoin infrastructure. It analyzes how Threshold’s architecture, incentive design, and custody assumptions support scalable Bitcoin liquidity while maintaining predictable market behavior and strong security guarantees.
tBTC Blueprint Snapshot via Alea Research | Threshold NetworkMedia HighlightsThreshold featured in Decrypt on stake-based fee waiversOn January 23, Decrypt Media featured Threshold’s introduction of stake-based redemption fee waivers, highlighting how the update reduces execution friction and supports tighter pricing across Bitcoin markets.
Read the Decrypt feature to learn more: https://decrypt.co/355453/threshold-network-introduces-stake-based-fee-waivers-to-strengthen-tbtc
Bitcoin allocation strategies on The Daily StackOn January 30, Callan Sarre joined Bitcoin News’s The Daily Stack podcast to discuss how Bitcoin can be allocated across different risk profiles, including emerging opportunities powered by tBTC. The conversation explored how using Bitcoin as collateral can contribute to economic security to blockchain networks with relatively low financial risk.
Watch a snippet of the podcast episode: https://x.com/TheTNetwork/status/2017227776865267906
Threshold Labs CPO and Co-Founder Callan Sarre at Bitcoin News | ThresholdBitcoin resilience under stressOn January 27, Callan Sarre, Co-Founder and CPO at Threshold Labs, shared insights with Decrypt Media on how miners respond to grid stress while Bitcoin’s consensus layer continues to operate as designed.
New Threshold Labs Member | Threshold NetworkRecently, we welcomed Vicky to Threshold Labs as a Software Engineer. Vicky brings 14 years of software engineering experience and has been active in crypto since 2017.
Vicky previously worked on NuCypher starting in 2016 and was directly involved in creating the Threshold Network smart contracts, giving her deep historical and technical context across the Threshold stack. Her experience strengthens the team’s ability to maintain and evolve core protocol infrastructure.
Looking AheadAs 2026 unfolds, Threshold Network remains focused on strengthening Bitcoin’s role onchain through trust-minimized infrastructure and aligned economic incentives. Upcoming work will continue to prioritize protocol resilience, measured ecosystem expansion, and deeper integration across Bitcoin-native and emerging environments.
In the months ahead, Threshold will advance research, product development, and partnerships that support sustainable Bitcoin liquidity and long-term network security. The goal remains clear: make Bitcoin more usable without compromising the principles that underpin its value.
Follow Threshold Network for upcoming updates and releases.
A few weeks ago, Threshold launched the tBTC Bitcoin Vault on Starknet, introducing a new way for Bitcoin holders to access yield while preserving BTC exposure. Today, in collaboration with Noon Capital, Threshold is expanding that offering with a new Bitcoin vault on Ethereum - tBTC’s largest and most established market.
This latest vault enables users to deposit tBTC, Ethereum’s most decentralized and trust-minimized Bitcoin asset, into a professionally managed strategy powered by Noon.
Bitcoin yield via tBTC is powered by Noon’s sUSN engine, with full transparency provided through Accountable’s Data Verification Network. Together, this framework delivers performance, oversight, and verifiable execution within a streamlined onchain vault experience.
Unlocking More Utility for Bitcoin on EthereumBitcoin has long been recognized as a foundational asset, but historically, it has had limited access to onchain financial infrastructure. The launch of the tBTC–Noon Vault expands what BTC can do on Ethereum, without requiring users to exit their BTC position.
By using tBTC, users can access Ethereum-native strategies through a single vault experience, while maintaining exposure to Bitcoin.
This is made possible through Threshold cryptography, which underpins tBTC and enables a more secure, resilient approach to bridging BTC into Ethereum.
tBTC x Noon App Screenshot | Threshold NetworkHow the tBTC–Noon Vault WorksThe strategy begins with users depositing tBTC into the vault on Ethereum.
From there, the vault borrows stablecoins against the deposited tBTC at conservative loan-to-value ratios. These stablecoins are deployed into Noon’s yield-bearing stablecoin, sUSN, which is then allocated into lending markets and looping strategies designed to generate sustainable returns.
The strategy is structured so that performance is generated in USD, while the vault maintains its BTC collateral base via tBTC. At launch, the vault is fully allocated to Noon sUSN and currently displays a net APY of approximately 4.16%, with TVL over $850,000.
Deepening tBTC Integration in DeFiThe tBTC–Noon Vault represents another step forward for the Threshold ecosystem and for Bitcoin’s role in DeFi.
It demonstrates how threshold cryptography can unlock more trust-minimized access to Ethereum’s financial markets, while keeping Bitcoin at the center of the user experience. For BTC holders, this means the ability to deploy capital more efficiently without giving up exposure to the asset they believe in.
Mint or swap into tBTC via the Threshold App and allocate your position to the latest Bitcoin yield vault to access structured onchain strategies.
Disclosure: Participation in Noon vaults carries market, smart contract, and counterparty risks, as well as the potential loss of capital. Target outcomes and projected metrics are not guaranteed; actual results may vary with market conditions. This material is for informational purposes only and does not constitute investment advice, an offer, or a solicitation for capital loss.
Mint or swap into tBTC via the Threshold App and allocate your position to the latest Bitcoin yield vault to access structured onchain strategies.
[PRESSS RELEASE – New York, United States, March 3rd, 2026]
Threshold Network, the decentralized blockchain protocol behind tBTC, has introduced an update to its decentralized application featuring an all-in-one Unified Bitcoin App that enables users to route Bitcoin across major chains through a single interface.
This new unified routing interface brings minting, redeeming, bridging, tracking, and native BTC swaps into a single application: The Threshold App. Users can now move Bitcoin across ecosystems through a coordinated system, rather than stitching together multiple tools or navigating between different Decentralized protocols.
This release simplifies how Bitcoin enters and moves across DeFi, offering a more user-friendly on-chain experience with tBTC. Whether a transaction requires a swap, a bridge, or multiple steps, execution is seamlessly coordinated through a single interface
Coordinated Execution Instead of Fragmented Workflows
Historically, moving BTC into tBTC and across chains required multiple disconnected workflows: minting in one app, bridging via another protocol, swapping on separate exchanges, and manually checking the best price for each transaction. This fragmented process introduced friction, higher execution risk, added costs, and unnecessary complexity for users attempting to access DeFi with Bitcoin.
The Threshold All-in-one Bitcoin Liquidity App streamlines this experience by consolidating minting, bridging, swapping, and cost tracking into a single coordinated interface. Instead of manually comparing bridges and liquidity venues, users receive optimized routing options based on cost, speed, and reliability, such as the fastest or lowest-cost path: all within the Threshold Network App.
By abstracting multi-step transactions into a single seamless flow, the router significantly lowers the barrier for Bitcoin holders to use BTC across major ecosystems, including Ethereum, Arbitrum, Base, Sui, Starknet, and other integrated chains. The result is a simpler, more efficient way to move Bitcoin into DeFi.
Native BTC Execution with Deep Liquidity
Native BTC swaps are integrated directly into the routing engine, leveraging deep Ethereum liquidity to deliver competitive pricing and more efficient execution compared to fragmented, chain-specific pools.
“Capital should move efficiently across chains without requiring users to manage infrastructure decisions,” said MacLane Wilkison, Co-Founder of Threshold Network. “The new Threshold Bitcoin app coordinates liquidity sourcing and settlement behind the interface, enabling more efficient Bitcoin deployment across ecosystems.”
The update also strengthens the utility of Threshold’s token (T). The App tracks staked $T from the connected wallet and automatically applies minting and redemption fee waivers for eligible users. Gasless minting remains available as an opt-in feature, further reducing transaction costs.
Additionally, the router enables streamlined conversions from assets such as WBTC and cbBTC directly into tBTC on the destination chain, providing more direct and efficient access to Bitcoin liquidity across DeFi ecosystems.
Integrated Infrastructure Across Major Networks. Currently, the router connects Bitcoin, Ethereum, Arbitrum, Base, Sui, and Starknet within one coordinated framework. It integrates native tBTC mint and redeem flows, established bridging infrastructure, and DEX aggregation to ensure reliable settlement across chains.
All transactions are tracked in real time and are fully resumable. If a user disconnects or closes a session, progress is preserved. Fee logic is staking-aware, with eligible T stakers seeing applicable redemption fees waived directly within the interface.
New Features:
Unified Routing Interface: Enables minting, redeeming, swapping, and bridging from a single entry point. Users select source and destination assets, and the system automatically constructs the optimal execution path. Multi-Chain Connectivity: Supports Bitcoin, Ethereum, Arbitrum, Base, Sui, and StarkNet within a single coordinated framework. Users can move BTC or tBTC across ecosystems without managing separate bridge interfaces. Smart Route Discovery and Ranking: Automatically evaluates possible transaction paths and ranks them by cost, speed, reliability, and simplicity. Users are presented with clearly labeled best options. Native BTC Swaps: Provides direct access to BTC liquidity with competitive execution, while enabling seamless conversion of assets such as cbBTC or wBTC into tBTC on a user’s chosen destination network. Integrated Liquidity and Bridging Stack: Connects tBTC mint and redeem flows with established bridging infrastructure and DEX aggregation to coordinate multi-step transactions seamlessly. Resumable Transactions: Persists in-flight operations, allowing users to refresh, disconnect, or return later without losing progress. Reduces failed cross-chain flows and operational friction $T Staking-Aware Fee Display: Recognizes T staking status and surfaces fee waivers directly in the interface, reinforcing participation incentives. Unified tBTC Explorer and Transaction Tracking: The new explorer section of the app consolidates historical mint, redeem, bridge, and swap activity into a single view, improving transparency and user oversight. Impact for Users and Stakeholders
This release expands the utility of tBTC across six ecosystems while increasing throughput across minting, bridging, and swap flows. By embedding routing intelligence directly into the protocol interface, Threshold captures more activity within its infrastructure and further strengthens staking incentives tied to network usage.
With this launch, Threshold advances its role from Bitcoin asset issuance to core infrastructure for Bitcoin mobility, coordinating capital movement seamlessly across chains and unlocking more efficient access to decentralized finance.
Users can explore the new Bitcoin App today at https://app.threshold.network
About Threshold Network
Threshold Network is the decentralized protocol behind tBTC, a non-custodial, 1:1 Bitcoin-backed asset secured by a 51-of-100 threshold signer model. tBTC enables native BTC to move across chains like Ethereum, Base, Sui, Arbitrum, and Starknet without requiring custodians or compromising security. With over 6 years of proven security and about $5.1B in bridge volume, Threshold offers the most battle-tested, trust-minimized Bitcoin infrastructure on-chain.
PANews reported on May 18th that, according to PANews' monitoring, the Verus-Ethereum cross-chain bridge has had 103.6 tBTC, 1625 ETH, and 147,000 USDC stolen. The attackers exchanged the stolen assets for approximately 5402.4 ETH (about $11.4 million), which are currently stored in an address starting with 0x65Cb. The attackers' address received 1 ETH as initial funding approximately 14 hours ago via Tornado Cash.
TLDR: Blockaid’s exploit detection system identified an active attack draining $11.58M from the Verus-Ethereum bridge. Peckshield confirmed 103.6 tBTC, 1,625 ETH, and 147,000 USDC were stolen and swapped for 5,402 ETH. GoPlus found the attacker used a low-value transaction to trigger a batch-transfer of all bridge reserves. The attacker’s wallet was pre-funded with 1 ETH via Tornado Cash roughly 14 hours before the exploit began. The Verus-Ethereum bridge is under an active exploit that has drained approximately $11.58 million in digital assets. Blockchain security firm Blockaid identified the attack through its exploit detection system on Sunday.
The stolen funds included tBTC, ETH, and USDC. The attacker subsequently converted those assets into ETH. Multiple security companies have since confirmed the breach and traced the attacker’s on-chain activity.
How the Attack Unfolded Blockaid was among the first to publicly flag the exploit. The firm identified the attacker’s externally owned account as address “0x5aBb91B9c01A5Ed3aE762d32B236595B459D5777.” The drained funds were moved to a separate wallet at “0x65Cb8b128Bf6e690761044CCECA422bb239C25F9.”
🚨 Community alert:
Blockaid's exploit detection system has identified an on-going exploit on the @veruscoin Verus-Ethereum Bridge (https://t.co/HEwYZqFEfC).
~$11.58M drained so far.
More details in🧵
— Blockaid (@blockaid_) May 18, 2026
Peckshield provided a detailed breakdown of what was taken from the bridge. According to the firm, the attacker drained 103.6 tBTC, 1,625 ETH, and 147,000 USDC from the protocol. Those assets were then swapped for roughly 5,402 ETH, valued at around $11.4 million at the time.
Another security firm, GoPlus, shed light on the method used in the attack. The attacker sent a low-value transaction to the bridge contract and called a specific function. That function triggered the bridge contract to batch-transfer its reserve assets directly to the drainer’s wallet.
The exploit transaction has been publicly logged on Etherscan, providing a transparent on-chain record. The bridge contract address involved is “0x71518580f36feceffe0721f06ba4703218cd7f63.” Security researchers continue to monitor the addresses involved for further movement.
Attacker’s Funding Trail Points to Tornado Cash Peckshield also traced how the attacker initially funded their wallet before carrying out the exploit. The attacker’s address received 1 ETH through Tornado Cash approximately 14 hours before the attack began. Tornado Cash is a crypto mixer commonly used to obscure the origin of funds on-chain.
This funding method is a recognized pattern among on-chain bad actors seeking to hide their identity. By routing startup funds through a mixer, the attacker made it harder to link the exploit wallet to any prior history. Investigators typically watch for such patterns when tracing the source of stolen assets.
At the time of writing, the stolen funds remain in the drainer wallet identified by Blockaid. No confirmed recovery measures or protocol pause announcements had been publicly issued by the Verus team. The broader DeFi community has been alerted to avoid interacting with the bridge in the meantime.
The attack adds to a long list of bridge exploits that have plagued the crypto industry in recent years. Cross-chain bridges remain a high-value target due to the large reserves they hold and the complexity of their smart contract logic.
PANews reported on May 18 that Verus disclosed on its official Discord that the Verus-Ethereum cross-chain bridge was attacked at 23:55 UTC on May 17, 2026. The attackers transferred Ethereum, USDC, and tBTC assets from the Ethereum contract. The Verus network subsequently suspended operations, and most block-generating nodes have proactively gone offline to prevent further spread of the attack.
The project team stated that they are investigating the attack path and the extent of the damage, and that if the attackers return all funds, a bug bounty will be awarded and no further legal action will be taken. They also warned that anyone offering a "compensation plan" via private message is a scammer and should not interact with them.
