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  • Bitcoin staking platform Solv Protocol partners with Ethereum L2 Soneium

    Bitcoin staking platform Solv Protocol partners with Ethereum L2 Soneium

    Bitcoin staking platform Solv Protocol partners with Ethereum L2 Soneium

    • Solv Protocol has partnered with Soneium for BTC staking on Ethereum L2.
    • Following the partnership, SolvBTC holders can stake, earn rewards, and use advanced yield strategies.
    • Soneium’s $45M TVL and 47M transactions boost DeFi growth with Solv.

    The world of decentralized finance continues to evolve, and a new partnership between Solv Protocol and Soneium is pushing the boundaries of what Bitcoin can achieve. Announced on March 6, 2025, this collaboration brings Bitcoin staking to Soneium, an Ethereum layer 2 blockchain supported by Japan’s Sony Group.

    By integrating these two platforms, users can now explore fresh opportunities to earn rewards and tap into cross-chain liquidity, blending Bitcoin’s stability with Ethereum’s expansive DeFi ecosystem.

    Solv Protocol, a platform dedicated to Bitcoin staking, is at the heart of this development. It allows users to deposit Bitcoin and receive SolvBTC, a token pegged 1:1 to Bitcoin’s value.

    Through this partnership, SolvBTC holders can stake their assets on Soneium, opening the door to passive income while maintaining Bitcoin’s core value proposition. This move reflects a growing trend among investors seeking ways to make their Bitcoin work harder beyond simply holding or trading it.

    Enhancing Bitcoin’s DeFi potential

    A standout feature of this collaboration is the introduction of SolvBTC Liquid Staking Tokens, or SolvBTC.LSTs. These tokens enable advanced yield strategies, giving Bitcoin users greater flexibility and scalability in their investments.

    With this setup, staking becomes more than just a way to earn rewards—it transforms into a tool for unlocking sophisticated financial opportunities across multiple blockchains. The partnership leverages Solv’s innovative Staking Abstraction Layer, a system designed to simplify the staking process across various networks.

    This abstraction layer is a game-changer for Bitcoin holders. It lowers the technical barriers that often keep users from participating in DeFi, making it easier to engage with decentralized applications.

    By bridging Bitcoin (BTC) to Soneium, Solv Protocol is effectively extending the cryptocurrency’s utility, allowing it to play a more active role in the fast-growing world of decentralized finance.

    Notably, the timing of this partnership couldn’t be better. As Bitcoin staking gains popularity, more investors are looking for ways to generate passive income from their holdings. Solv Protocol and Soneium are meeting this demand head-on, offering a solution that’s both accessible and forward-thinking.

    While specifics about future plans remain under wraps, both teams have hinted at additional innovations to come, signaling that this is just the beginning of Bitcoin’s deeper integration into DeFi.

    Soneium’s rising star in DeFi

    Soneium, launched in August 2024 by Sony Block Solutions Labs and web3 firm Startale, has quickly made a name for itself. Built as a high-performance Ethereum layer 2 solution, it’s designed to power creative and efficient decentralized applications.

    As of March 6, 2025, the network boasts a total value locked of $63.16 million across 19 dApps, according to DefiLlama data. Its rapid growth is evident in the 47 million transactions processed and the 4 million active addresses it has attracted in just a few months.

    The platform hosts some of the most dynamic DeFi projects in the space, including decentralized exchanges like Kyo Finance, Velodrome, and Sonex.

    Soneium’s infrastructure is tailored to handle the demands of modern DeFi, offering speed and scalability that complement Solv Protocol’s ambitions. Together, they’re creating an environment where Bitcoin users can seamlessly integrate with cutting-edge financial tools.

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  • Velar Dharma partners with Xverse Wallet to enable Bitcoin L2 swaps

    Velar Dharma partners with Xverse Wallet to enable Bitcoin L2 swaps

    Velar Dharma partners with Xverse Wallet to enable Bitcoin L2 swaps
    • Velar Dharma integrates with Xverse to offer seamless Bitcoin L2 swaps in the wallet.
    • Velar is now the exclusive Bitcoin L2 swap provider for Xverse’s users.
    • The Partnership enhances Xverse users’ access to fast, secure, and competitive swaps.

    Velar Dharma, a Bitcoin layer 2 (L2) trading protocol, has integrated its services with Xverse, a leading non-custodial wallet designed for Bitcoin’s L2 ecosystem.

    This collaboration allows Xverse users to seamlessly trade assets, including BTC, STX, and stablecoins, directly within the wallet through Velar Dharma’s automated market maker (AMM) engine.

    Velar Dharma becomes Bitcoin L2 swap provider in Xverse

    As a result of this partnership, Velar Dharma becomes the exclusive provider of Bitcoin L2 swaps within the Xverse platform.

    Users will now be able to perform trades on the Stacks L2 network, with Velar’s deep liquidity pools ensuring fast, secure, and competitively priced swaps.

    Xverse is a popular web3 wallet known for providing a secure and user-friendly gateway to the Bitcoin ecosystem. The wallet allows users to store and trade a range of Bitcoin L2 assets, including BTC, Ordinals, and Runes.

    Available as both a mobile app and a browser extension, the wallet offers robust support for Bitcoin-based assets, including the option for enhanced security with built-in Ledger integration.

    Velar Dharma’s CEO, Mithil Thakore, praised the partnership, saying, “We’re thrilled to become the exclusive swap partner for Xverse, whose wallet gives unparalleled access to the Bitcoin L2 ecosystem. This collaboration brings Velar Dharma’s trading capabilities to Bitcoin natives who can now trade directly within the wallet while retaining full custody of their assets.”

    Ken Liao, CEO of Xverse, echoed this sentiment, stating, “The integration of Velar swaps in Xverse enhances user convenience and improves liquidity for Bitcoin L2 trading.”

    Notably, Velar Dharma’s entry into the Xverse wallet represents a significant milestone in its quest to become the leading decentralized exchange within the Bitcoin ecosystem. By supporting multiple Bitcoin L2 networks, Velar Dharma is expanding access to decentralized finance (DeFi) opportunities for a growing number of users.

    This integration marks a major step forward for both companies as they continue to innovate in the Bitcoin DeFi space, offering users secure, efficient, and flexible trading options.

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  • Metaplanet partners with SBI VC Trade to enhance Bitcoin strategy

    Metaplanet partners with SBI VC Trade to enhance Bitcoin strategy

    • Japanese investment firm Metaplanet has announced a partnership with SBI VC Trade, a subsidiary of financial services behemoth SBI Group.
    • Partnership will help boost Metaplanet’s Bitcoin strategy, including compliance.
    • Metaplanet has acquired 360 Bitcoin (BTC) as it targets becoming ‘Asia’s MicroStrategy’

    In an announcement on Sept. 2, Metaplanet said its collaboration with SBI VC Trade is part of the company’s quest to enhance its Bitcoin strategy with support from Japan-based firms. This includes trading, custody and management of Metaplanet’s Bitcoins.

    Metaplanet is a publicly-traded company listed on the Tokyo Stock Exchange and the partnership with the SBI crypto arm offers a route to further compliance.

    “A key element of this partnership is access to a compliant corporate custody service that prioritizes tax efficiency and offers the potential to utilize Bitcoin as collateral for financing,” Metaplanet said in a statement.

    The alliance with SBI VC Trade aligns with Metaplanet’s vision of becoming a leading modern financial services firm. It also adds flexibility to Metaplanet’s corporate strategy, bolstering its efforts to accumulate more BTC via equity and debt financing.

    Metaplanet will update its stakeholders of any financial o material impact that arises from the partnership, part of the statement read.

    BTC as a corporate strategy

    The partnership with SBI VC Trade comes amid Metaplanet’s increasing bet on Bitcoin as part of its corporate strategy. In April 2024, the company disclosed its addition of BTC as a core treasury asset and committed an initial 1 billion Japanese yen to buying Bitcoin.

    Over the next months, the strategic pivot has seen the industry dub Metaplanet as “Asia’s MicroStrategy” in a nod to its target to mirror the US-listed MicroStrategy’s embrace of the digital asset.

    Currently, the Michael Saylor-led company has acquired a total of 226,500 BTC. This accounts for just over 1% of the total supply of Bitcoin and makes MicroStrategy the largest holder of BTC among publicly-traded companies.

    On the other hand, Metaplanet holds a total of 360 BTC, having increased its holdings with a series of purchases over the past two months.

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  • Xapo Bank partners with Hilbert Group to launch $200m Bitcoin hedge fund

    Xapo Bank partners with Hilbert Group to launch $200m Bitcoin hedge fund

    • Xapo Bank and Hilbert Group will launch a Bitcoin-denominated hedge fund.
    • The BTC fund will receive an initial investment of $200 million from Xapo and other investors.

    Xapo Bank is teaming up with Hilbert Group to launch a Bitcoin (BTC)-denominated hedge fund, according to a press release on Aug. 27.

    In the announcement, Hilbert Group said the strategic partnership will involve its asset management arm Hilbert Capital and see an initial investment of over $200 million from Xapo as well as other investors.

    “Over the last 12 months, we have developed a close and strategic partnership with Xapo Bank, a veteran in the Bitcoin space and a tier-one financial institution in the digital asset space,” Niclas Sandström, CEO of Hilbert Group, said.

    He added, “Given the investment opportunity and the quality and experience of the team, we anticipate that the Fund will grow meaningfully over the next year.

    Fund to offer exposure to Bitcoin

    The newly-established BTC-denominated hedge fund will launch in September, Hilbert Group revealed in the press release. Corporates, businesses and professional investors will leverage the new fund to generate returns in bitcoin. The fund will offer institutional-grade credit arrangements that investors don’t get through direct market participation.

    Notably, the BTC-denominated fund will have fees lower than the 2% and 20% Hilbert’s other hedge funds charge.

    “We believe that offering the right products for participants in the space who are aiming not only for exposure to the Bitcoin price, but also structured ways to grow the Bitcoin value of those investments is a natural evolution of the asset class,” Joey Garcia, director of Xapo Bank commented.

    Hilbert, founded in 2018, primarily focuses on asset management of algorithmic trading strategies.

    The company also invests in blockchain and crypto related projects. Investments in the space include crypto data platform Coin360, blockchain-based self-service SaaS tool CapChap and HAYVN, a digital assets trading and custody platform.

    Meanwhile, Xapo is the first Bitcoin-enabled bank that integrates fiat with crypto. It recently announced its entry into the UK.

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  • Strike partners with Bitstamp to bolster crypto purchases for EU users

    Strike partners with Bitstamp to bolster crypto purchases for EU users

    • Strike and Bitstamp have partnered to make Bitcoin and crypto buying accessible to more users in Europe.
    • Bitstamp will provide fiat-to-crypto conversion support for Strike.
    • Bitstamp has also partnered with Web3 platform Kryptos to help simplify crypto taxes for customers.

    Strike, a leading Bitcoin payments app launched by Jack Mallers, has partnered with crypto exchange Bitstamp to bring Bitcoin to more people in Europe. CoinDesk reported the story first.

    Bitstamp/Strike partnership

    On Wednesday, the two companies announced in a press release that they would collaborate to make crypto buying accessible and easier for customers in the European Union.

    Strike and Bitstamp are eyeing this partnership as one that offers an easier-to-use fiat-to-crypto on-ramp, which allows users to quickly and easily buy Bitcoin, Ethereum, Solana and other cryptocurrencies.

    Users have access to several on and off-ramps, including wire transfers, direct deposits, debit card and mobile money.

    Strike expanded to Europe in April

    The collaboration with Bitstamp follows Strike’s expansion into Europe. In April, the company announced its entry into the European market after a similar milestone in Africa.

    Accessible to eligible customers, the expansion meant users across the EU could send, buy, sell and withdraw BTC.  Users can withdraw Bitcoin to their self-custody wallets or send it to any Lightning wallet. The launch also introduced P2P transactions for Strike Europe users.

    Bitstamp’s partnership with the US-based Bitcoin payments firm comes after Robinhood announced its $200 million acquisition of the Europe-based crypto exchange in June.

    The crypto exchange has also announced a partnership with Web3 finance platform Kryptos to simplify crypto taxes for users across 15 countries, including the United Kingdom, Portugal and Australia.

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  • Stripe partners with Bitstamp to bolster crypto purchases for EU users

    Stripe partners with Bitstamp to bolster crypto purchases for EU users

    • Stripe and Bitstamp have partnered to make Bitcoin and crypto buying accessible to more users in Europe.
    • Bitstamp will provide fiat-to-crypto conversion support for Stripe.
    • Bitstamp has also partnered with Web3 platform Kryptos to help simplify crypto taxes for customers.

    Stripe, a leading payments platform that was launched by Irish entrepreneurs Patrick Collison and John Collison in 2010, has partnered with crypto exchange Bitstamp to bring Bitcoin to more people in Europe. CoinDesk reported the story first.

    Bitstamp/Stripe partnership

    On Wednesday, the two companies announced in a press release that they would collaborate to make crypto buying accessible and easier for customers in the European Union.

    Stripe and Bitstamp are eyeing this partnership as one that offers an easier-to-use fiat-to-crypto on-ramp, which allows users to quickly and easily buy Bitcoin, Ethereum, Solana and other cryptocurrencies.

    Users have access to several on and off-ramps, including wire transfers, direct deposits, debit card and mobile money.

    Bitstamp’s partnership with the global payments firm comes after Robinhood announced its $200 million acquisition of the Bitstamp platform in June.

    The Bitstamp crypto exchange has also announced a partnership with Web3 finance platform Kryptos to simplify crypto taxes for users across 15 countries, including the United Kingdom, Portugal and Australia.

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  • Tether partners with RAK DAO to advance crypto education and adoption in UAE

    Tether partners with RAK DAO to advance crypto education and adoption in UAE

    The collaboration, solidified through the signing of a Memorandum of Understanding (MoU), marks a significant step towards fostering blockchain education and adoption in the region.

    Driving Crypto Adoption and Education

    In alignment with RAK DAO’s mission to promote web3 innovation and spur economic growth, Tether will collaborate closely to facilitate the integration of cryptocurrency payments within the region.

    Additionally, the partnership will see the development of comprehensive educational programs through Tether Edu, catering to individuals across various proficiency levels. These initiatives will cover a spectrum of cutting-edge topics including Bitcoin, blockchain, peer-to-peer technologies, stablecoin adoption, and real-world cryptocurrency applications.

    Paolo Ardoino, CEO of Tether, expressed enthusiasm about the collaboration, underscoring the transformative potential of Bitcoin and blockchain technology in the region. He emphasized Tether’s commitment to working alongside RAK DAO to materialize this vision.

    RAK DAO’s Vision for Blockchain Innovation

    Dr. Sameer Al Ansari, CEO of RAK DAO, echoed Ardoino’s sentiments, highlighting the partnership as a pivotal moment in RAK DAO’s journey towards becoming a leading blockchain innovation center.

    By harnessing the power of Bitcoin technology and cryptocurrencies, RAK DAO aims to drive economic growth, foster financial inclusion, and cement its position as a global leader in the digital economy.

    This partnership comes amidst Tether’s recent announcement regarding the implementation of a robust transaction monitoring system for USDT, aimed at safeguarding against illicit activities associated with the stablecoin.

    With Tether’s expertise in stablecoin issuance and RAK DAO’s dedication to blockchain innovation, this collaboration is poised to significantly accelerate the adoption and understanding of cryptocurrency technology in the UAE’s Ras Al Khaimah region.

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  • Coinbase partners with Lightspark for Bitcoin Lightning Network integration

    Coinbase partners with Lightspark for Bitcoin Lightning Network integration

    • Coinbase’s partnership with Lightspark for Bitcoin Lightning Network integration enhances transaction efficiency.
    • Lightspark’s advanced technology streamlines Lightning Network access, offering low-cost BTC transfers.
    • The collaboration empowers Coinbase with reliable, scalable node infrastructure, driving global financial innovation.

    Coinbase, a leading cryptocurrency exchange, has announced a strategic partnership with Lightspark to integrate the Bitcoin Lightning Network.

    The collaboration aims to revolutionize the way users conduct Bitcoin (BTC) transactions, offering them enhanced speed and cost-efficiency.

    Lightspark, in an exclusive blog post, revealed the culmination of their efforts spanning nearly two years to refine their platform as the premier gateway to the Lightning Network. With Coinbase onboard, clients can now enjoy seamless access to low-cost and almost real-time BTC transfers.

    Lightspark’s advanced technology, including its AI-driven smart engine “Lightspark Predict,” optimizes liquidity and routing for maximum efficiency.

    Coinbase to retain control over Lightning signing keys

    Through Lightspark’s remote-key validation implementation, Coinbase retains control over Lightning signing keys while Lightspark manages the node infrastructure. This ensures a reliable, scalable, and fully optimized node infrastructure for Coinbase users.

    Shan Aggarwal, Coinbase’s VP of Corporate & Business Development, expressed confidence in establishing a global financial ecosystem prioritizing efficiency and speed.

    The integration signifies a significant stride towards achieving this goal, opening doors to a multitude of payment-related use cases facilitated by Lightspark’s innovative solutions.

    Coinbase’s decision to integrate the Lightning Network comes at a time when Bitcoin’s scalability and transaction speed have become critical concerns. With transaction fees on the primary network rising, the Lightning Network offers a promising solution to alleviate congestion and reduce costs.

    The move aligns with Coinbase CEO Brian Armstrong’s vision, who previously highlighted the potential of Lightning Network integration.

    Founded in 2022 by David Marcus, Lightspark has garnered support from key industry players and investors, positioning itself as a frontrunner in Lightning Network solutions. The partnership with Coinbase further solidifies its standing in the market.

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  • Ferrari embraces crypto payments, partners with BitPay in the US

    Ferrari embraces crypto payments, partners with BitPay in the US

    • The luxury carmaker partners with BitPay to facilitate cryptocurrency transactions.
    • Ferrari is responding to growing customer demand and dealer requests.
    • The luxury car maker will start by accepting crypto payments in the US and later Europe.

    In some interesting crypto news, Ferrari, the iconic luxury sports car manufacturer, has officially announced its plans to accept cryptocurrency payments for its high-end vehicles in the United States.

    This groundbreaking decision, spurred by increasing customer demand and the rise of digital currency investments, represents a significant shift in the automotive industry. Here’s what you need to know:

    Crypto payments for iconic Ferraris

    Ferrari’s chief marketing and commercial officer, Enrico Galliera, has confirmed the brand’s intention to accept cryptocurrency payments in the US and later in Europe. This move was primarily driven by a surge in market demand and repeated requests from their dealers. Notably, Ferrari has observed an influx of young, tech-savvy investors who are enthusiastic about digital currencies.

    While the exact number of vehicles Ferrari expects to sell through cryptocurrency payments remains undisclosed, the company’s order portfolio is entirely booked until 2025, reflecting a strong demand for their luxury cars. This strategic adoption of cryptocurrencies aims to explore new avenues of connecting with potential buyers who are keen to use their digital assets for high-end purchases.

    BitPay partnership for seamless transactions

    For its initial foray into the cryptocurrency market in the United States, Ferrari has joined forces with BitPay, a major cryptocurrency payment processor. BitPay will facilitate the entire transaction process, ensuring a smooth experience for both buyers and sellers.

    Importantly, BitPay will offer conversions from popular cryptocurrencies, such as Bitcoin and Ethereum, into traditional fiat currencies, like the US dollar. This conversion mechanism is designed to protect Ferrari and its dealers from the inherent volatility of cryptocurrencies, ensuring that the value of the vehicles remains consistent.

    BitPay’s involvement doesn’t stop at currency conversion. They will also play a crucial role in verifying the legitimacy of the digital currency used for payments. This measure ensures that the funds do not originate from illegal activities, money laundering, or tax evasion, reinforcing the security and compliance aspects of the transactions.

    Ferrari’s decision to embrace cryptocurrency payments marks a pioneering step within the luxury automobile industry.

    While some large corporations have hesitated to integrate cryptocurrencies due to concerns about price volatility and environmental issues, Ferrari’s forward-thinking approach demonstrates its commitment to meeting the evolving preferences of its clientele. The company intends to introduce cryptocurrency payments in Europe during the first quarter of 2024, with potential expansion into other crypto-friendly regions.

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  • PRIMAL partners with @BabyDogeCoin listing, farming & more

    PRIMAL partners with @BabyDogeCoin listing, farming & more

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