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DeFi Lender Sky Ratifies Plan to Offboard Wrapped Bitcoin, Due to Sun Concerns

September 19, 2024

BA Labs, in its proposals to offboard WBTC, had cited perceived risks from Tron founder Justin Sun’s involvement with BiTGlobal, the custodian for the underlying assets. BitGo, the original custodian for WBTC, announced in August that it planned to transition control of the asset to a joint operation with BiT Global, which has regulated operations based in Hong Kong.

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Margaux Nijkerk

https://www.coindesk.com/markets/2024/09/19/defi-lender-sky-ratifies-plan-to-offboard-wrapped-bitcoin-due-to-sun-concerns/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

2024-09-19 21:29:22

byMargaux Nijkerk
Updated

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bitcoin
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tether
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bnb
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usd-coin
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solana
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tron
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dogecoin
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cardano
Cardano (ADA) $ 0.55674 12.61%
staked-ether
Lido Staked Ether (STETH) $ 1,505.70 15.72%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 77,126.66 6.78%
leo-token
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the-open-network
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shiba-inu
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avalanche-2
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wrapped-steth
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MANTRA (OM) $ 6.11 1.92%
hedera-hashgraph
Hedera (HBAR) $ 0.13771 12.19%
polkadot
Polkadot (DOT) $ 3.46 11.94%
bitcoin-cash
Bitcoin Cash (BCH) $ 262.63 10.62%
ethena-usde
Ethena USDe (USDE) $ 0.998848 0.07%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998448 0.11%
litecoin
Litecoin (LTC) $ 66.81 17.78%
bitget-token
Bitget Token (BGB) $ 3.89 12.10%
weth
WETH (WETH) $ 1,511.93 15.40%
whitebit
WhiteBIT Coin (WBT) $ 27.87 0.44%
pi-network
Pi Network (PI) $ 0.563923 6.89%
monero
Monero (XMR) $ 193.98 9.76%
hyperliquid
Hyperliquid (HYPE) $ 10.16 11.41%
wrapped-eeth
Wrapped eETH (WEETH) $ 1,607.42 15.50%
dai
Dai (DAI) $ 1.00 0.00%
susds
sUSDS (SUSDS) $ 1.05 0.01%
okb
OKB (OKB) $ 49.44 9.38%
uniswap
Uniswap (UNI) $ 4.96 13.47%
pepe
Pepe (PEPE) $ 0.000006 11.89%
aptos
Aptos (APT) $ 4.26 10.44%
gatechain-token
Gate (GT) $ 20.81 6.82%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 77,239.69 6.77%
near
NEAR Protocol (NEAR) $ 2.08 13.00%
tokenize-xchange
Tokenize Xchange (TKX) $ 30.03 6.94%
mantle
Mantle (MNT) $ 0.675918 8.54%
ondo-finance
Ondo (ONDO) $ 0.715989 9.50%
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.16 0.10%
crypto-com-chain
Cronos (CRO) $ 0.079293 13.19%
internet-computer
Internet Computer (ICP) $ 4.52 8.79%
bitcoin
Bitcoin (BTC) $ 77,268.70 6.66%
ethereum
Ethereum (ETH) $ 1,512.27 15.32%
tether
Tether (USDT) $ 0.999538 0.02%
xrp
XRP (XRP) $ 1.80 13.62%
bnb
BNB (BNB) $ 546.16 7.15%
usd-coin
USDC (USDC) $ 1.00 0.01%
solana
Solana (SOL) $ 102.15 14.19%
tron
TRON (TRX) $ 0.226801 4.68%
dogecoin
Dogecoin (DOGE) $ 0.140722 14.12%
cardano
Cardano (ADA) $ 0.55674 12.61%
staked-ether
Lido Staked Ether (STETH) $ 1,505.70 15.72%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 77,126.66 6.78%
leo-token
LEO Token (LEO) $ 8.96 1.18%
usds
USDS (USDS) $ 1.00 0.04%
the-open-network
Toncoin (TON) $ 3.02 8.55%
chainlink
Chainlink (LINK) $ 10.88 13.60%
stellar
Stellar (XLM) $ 0.22107 11.36%
shiba-inu
Shiba Inu (SHIB) $ 0.000011 8.60%
avalanche-2
Avalanche (AVAX) $ 15.65 9.11%
wrapped-steth
Wrapped stETH (WSTETH) $ 1,807.14 15.61%
sui
Sui (SUI) $ 1.85 14.04%
mantra-dao
MANTRA (OM) $ 6.11 1.92%
hedera-hashgraph
Hedera (HBAR) $ 0.13771 12.19%
polkadot
Polkadot (DOT) $ 3.46 11.94%
bitcoin-cash
Bitcoin Cash (BCH) $ 262.63 10.62%
ethena-usde
Ethena USDe (USDE) $ 0.998848 0.07%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998448 0.11%
litecoin
Litecoin (LTC) $ 66.81 17.78%
bitget-token
Bitget Token (BGB) $ 3.89 12.10%
weth
WETH (WETH) $ 1,511.93 15.40%
whitebit
WhiteBIT Coin (WBT) $ 27.87 0.44%
pi-network
Pi Network (PI) $ 0.563923 6.89%
monero
Monero (XMR) $ 193.98 9.76%
hyperliquid
Hyperliquid (HYPE) $ 10.16 11.41%
wrapped-eeth
Wrapped eETH (WEETH) $ 1,607.42 15.50%
dai
Dai (DAI) $ 1.00 0.00%
susds
sUSDS (SUSDS) $ 1.05 0.01%
okb
OKB (OKB) $ 49.44 9.38%
uniswap
Uniswap (UNI) $ 4.96 13.47%
pepe
Pepe (PEPE) $ 0.000006 11.89%
aptos
Aptos (APT) $ 4.26 10.44%
gatechain-token
Gate (GT) $ 20.81 6.82%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 77,239.69 6.77%
near
NEAR Protocol (NEAR) $ 2.08 13.00%
tokenize-xchange
Tokenize Xchange (TKX) $ 30.03 6.94%
mantle
Mantle (MNT) $ 0.675918 8.54%
ondo-finance
Ondo (ONDO) $ 0.715989 9.50%
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.16 0.10%
crypto-com-chain
Cronos (CRO) $ 0.079293 13.19%
internet-computer
Internet Computer (ICP) $ 4.52 8.79%