ZeroSync announces the BitVM alliance

Bitcoin builders come together to move BitVM forward

Hi Bitcoin Builders,

This week, ZeroSync announced the formation of the BitVM Alliance. The group is committed to delivering the first BitVM Bridges by the end of the year.

Members of the group include:

• Citrea

• Element

• Fiamma

• Strata

• ZeroSync

Why it matters: BitVM Alliance will attempt to verify a proof on Bitcoin, paving the way for trust-minimized Bitcoin bridges.

News:

• Restaked Bitcoin has surpassed $1B TVL.

• It’s fundraising season! Check out some companies and protocols that have raised money to advance the Bitcoin ecosystem.

• B Squared raises additional capital led by Spartan Labs, Animoca Ventures, Alliance, and P2 Ventures.

• Echo Protocol raises a pre-seed round. Echo Protocol is “the first Bitcoin liquid re-staking & yield layer on MoveVM.”

• Ordzaar raises $2M. Ordzaar is the first-ever SocialFi-powered Rune on BTC.

• Yala raises $8M. Yala’s “vision is to create a unified, interconnected DeFi ecosystem for Bitcoin to bridge the current liquidity gap.”

• ThorChain integrates with Ledger Live.

• BOB announces design for a "hybrid layer-2" network via Coindesk.

Other:

• Microsoft management is looking into buying BTC via Bitcoin Magazine.