When Banks Fail, There Is Bitcoin
Bitcoin Resilience + New Investors Fancy Building With Bitcoin
While mainstream media feared that the SVB collapse would cause banks to cut off the cryptocurrency industry, Bitcoin surged past $24,000. History has a tendency to repeat itself, as banking crisis again shows the desire for an alternative store of value.
Meanwhile, Bitcoin layers continue to attract more investors as innovation accelerates. Let’s take a look at this weeks Bitcoin builders ecosystem
Funding Bitcoin Builders
Mifiel Initiates $200M+ Promissory Note Issuance on Liquid to facilitate debt financing between Mexican lenders and global investment banks. A big milestone for the Liquid Network.
Andre Serrano revealed the roadmap for 1:1 bitcoin-backed programmable asset sBTC that will enable you to put your Bitcoin to work in a secure and decentralized way.
Rootstock onboards seven new solutions to Bitcoin DeFi ecosystem, while also increasing their 2-way peg to 21,000,000 $BTC meaning there is no technical limit to the amount of Bitcoin locked on Rootstock.
Bitcoin DeFi protocol ALEX raised $2.5 million in a strategic round.
Leading Ordinal trading vehicle Ordinals Market shipped their latest update involving collection bids, inscription-number range search, and more.
Bitcoin wallet Xverse introduced Sats Connect, a simple open source Bitcoin wallet API that connects apps to Bitcoin wallets and enables PSBT signing.
Bitcoin Hiro Wallet launched PSBT support enabling Ordinal trading via OpenOrdex.
Rollkit introduced Bitcoin Rollups, allowing Bitcoin developers to mix-and-match data availability and execution layers.
The Sovryn Dollar ($DLLR) arrives this Thursday, a decentralized bitcoin backed stablecoin that acts as a completely transparent and reliable dollar. Follow the official Sovryn Dollar Twitter for more information.
Bitcoin DeFi tooling service RIF shared the RIF Roadmap Recap, focused on getting Bitcoin to serve everyday people with everyday Decentralized Finance.
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