Record WBTC Mint Completed by Three Arrows Capital as Demand for Bitcoin on Ethereum Continues to Grow
The Singapore-based firm minted 2,316 WBTC Thursday afternoon.
WBTC burns picked up in November, continuing into December.
Volatility has stayed relatively low through bitcoin’s slow march toward record highs.
The funding round, led by Three Arrows and DeFiance Capital, was also joined by Andreessen Horowitz and Polychain Capital.
Derivatives' role in bitcoin's rally is "muted" this time, said one trader.
O(1) Labs’ lightweight blockchain project Mina, formerly known as Coda Protocol, has raised $10.9 million.