ChainCatcher news, according to a post by IntoTheBlock on platform X, the staking of Bitcoin has just begun, and the current market value of staked Bitcoin is less than 1% of the market value of wrapped Bitcoin (wrapped BTC) tokens. In the coming weeks, it is expected that more wrapped tokens (such as WBTC and cbBTC) will be borrowed in exchange for Bitcoin staking tokens.

ChainCatcher news, the crypto ETP issuer 21Shares' parent company 21.co has launched eight wrapped tokens, including BTC, BNB, XRP, ADA, etc., aimed at expanding the adoption of DeFi. 21.co stated that, like other products, its wrapped tokens are also built on its proprietary operating system Onyx.Wrapped tokens achieve cross-chain compatibility, allowing assets like Bitcoin to run on Ethereum and be used for DeFi, which enhances cross-chain liquidity and expands the utility of crypto assets.

ChainCatcher message, regarding the question of "how to manage wrapped token collateral," Binance published a blog post in response, stating that assets are always fully collateralized, receiving 1:1 support, and users can withdraw their assets at any time. Sometimes, collateral assets are stored in cold wallets that are not publicly known, or they are not transferred quickly enough to the appropriate hot wallets, which can give the impression that wrapped tokens are sometimes under-collateralized. The 1:1 support for wrapped tokens is securely held in different wallets.Binance stated that in the coming weeks and months, users will see updated wallets on the B-Tokens collateral proof page to further enhance transparency. (Source link)