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BitGo’s WBTC Retains Over 65% Market Dominance Despite Criticism of Custody Model: Report

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Wrapped Bitcoin (WBTC), a wrapped version of Bitcoin developed by BitGo, Kyber Network, and Ren, continues to dominate the tokenized BTC market despite criticism around the project, according to Binance Research’s latest monthly report.

The wrapped token represents Bitcoin at 1:1 on other blockchains such as Ethereum and Solana. This allows users to access BTC on the decentralized finance landscape.

WBTC Holds Over 65% of Market Share

Binance Research’s record showed that WBTC’s weekly transactions have attained an all-time high of 123,200. For several consecutive weeks, it also saw over 100,000 weekly transactions for the first time. WBTC’s supply has also soared over 152,400, representing over 65% of the market share.

WBTC’s current metric is applaudable because of several factors. One is its creator’s decision in August to partner with BitGlobal and the Tron founder Justin Sun to expand the asset’s operations to other jurisdictions like Hong Kong and Singapore. The partnership also aimed to redesign WBTC’s custody structure.

However, various crypto community members criticized Sun’s involvement in the joint force. BitGo’s CEO, Mike Belshe, tried to calm matters by assuring users that the Tron founder cannot single-handedly move funds. Following the community backlash, crypto projects like Sky (formerly MakerDAO) proposed removing WBTC from its collateral.

Weeks after the community members’ criticism, other companies emerged with their wrapped Bitcoin tokens. A popular one is Coinbase’s cbBTC, a wrapped Bitcoin launched on Ethereum and Base. Shortly after its debut, cbBTC soared to being the third-largest wrapped Bitcoin.

Ethereum Becomes Inflationary

Another issue from the market report is that Ethereum is currently leaning toward inflation. In the past month, its inflation reached a level not seen in two years.

Ethereum claims to adopt an ultrasound money system, which makes ETH resistant to inflation while bolstering purchasing power. However, Binance Research’s report shows that the second-largest cryptocurrency is shifting from the deflationary zone.

Following the Dencun upgrade, the network saw a decline in transaction fees, resulting in fewer ETH coins being burnt. With ETH’s issuance rate reaching approximately 0.74% in 30 days, market observers believe the coin is entering the inflationary zone.

Binance Research stated that it would reclaim its deflationary status if there were a significant increase in network activity on the mainnet.

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Important Update Regarding Franklin Templeton’s Ripple (XRP) ETF: Details

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The United States Securities and Exchange Commission has delayed making a decision regarding the XRP ETF filed by Franklin Templeton.

Moreover, the Commission is now inviting public comment on whether to approve or deny the proposal, which was formally proposed for listing the Chicago Board Options Exchange (CBOE).

The deadline for submitting comments and rebuttals is set for late July. It’s worth noting that Franklin Templeton is currently the largest company to have filed for a spot XRP ETF and this delay is not indicative of the Commission’s decision to list the product. These extensions are well within its jurisdiciton and are considered relatively expected.

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Bitcoin Price Slips Below $104K as Trump Makes Critical Remarks on Iran-Israel Conflict

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Bitcoin’s price actions took another turn for the worse in the past several hours as the adverse developments on the Middle East front continue to unfold with more attacks and threats.

The latest statements from the POTUS indicated that the US has “complete and total control of the skies over Iran,” and he also demanded the country’s “unconditional surrender.”

Following the initial statement, Trump added on his social media platform that they knew “exactly where the so-called ‘Supreme Leader’ is hiding.” Although the US President said he is an easy target, he reassured that the ‘Supreme Leader’ is “safe there – we are not going to take him out (kill), at least not for now.”

He warned that the US’s patience is “wearing thin” and later demanded that Iran surrender unconditionally.

Bitcoin’s price, which has already been impacted on numerous occasions by the quickly evolving developments in the Middle East, started to lose value in the past several hours once again. The asset plunged to a five-day low of under $103,500 minutes ago, which meant a daily drop of roughly $5,000.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Santiment also weighed in on the matter by highlighting BTC’s price drop to new weekly lows. However, the analytics platform said the inflows into the Bitcoin ETFs “remain strong,” as the financial products have seen nearly $1.5 billion poured in since June 9.

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R0AR Introduces Unified DeFi Platform for Token, Liquidity, and NFT Staking

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[PRESS RELEASE – Sheridan, Wyoming, June 17th, 2025]

R0AR has launched its decentralized finance (DeFi) platform that integrates token staking, liquidity provision, and NFT-based rewards into a single user interface. Designed to support long-term engagement, the platform streamlines participation while incorporating embedded security measures and time-based reward models.

Streamlined Staking and Liquidity Solutions

The R0AR Platform enables users to interact with three primary mechanisms:

  • Token Staking: Users can stake $1R0R tokens for defined durations and earn time-weighted rewards based on lock-up periods.
  • Liquidity Provision: Participants contribute to ETH/$1R0R liquidity pools and receive rewards calculated through a dynamic, time-based APY system.
  • NFT Staking: Executive R0AR Society (ERS) NFTs allow holders to access monthly returns that scale with the duration of the stake. The NFTs also interface with governance and future AI-based personalization tools.

All services are accessible via a unified dashboard compatible with MetaMask, Trust Wallet, WalletConnect, and additional login methods.

Time-Based APY and Smart Engagement Logic

The SmartAPY system employed by R0AR replaces static returns and fixed lock-up models with a time-sensitive structure that increases rewards proportionally with the length of the stake. All liquidity and staking positions are subject to an 11-day minimum engagement window, enforced on-chain, with real-time visibility into countdowns for penalty-free withdrawal. (After 11 days their is no required lock periods letting you unstake at anytime while hitting APY tiers)

Security Infrastructure and Direct Token Access

The platform operates without reliance on third-party routing or aggregator services, reducing exposure to slippage and MEV-related risks. Smart contracts include embedded protections against unauthorized interactions and manipulation. Additionally, users can purchase $1R0R directly using ETH, Weth, USDC, or USDT via the platform, bypassing the need for centralized exchanges.

Practical Applications for NFTs

Beyond aesthetic or collectible use, ERS NFTs serve functional roles within the platform. When locked, they deliver increasing monthly payouts and can boost staking rewards when held alongside $1R0R in the same wallet. Bonus incentives are also available for verified users.

The NFTs include metadata designed to integrate with R0AR’s upcoming AI tools, allowing the system to adjust experiences based on behavioral patterns without requiring active user input.

Ecosystem Integration and Technical Foundation

Each of the platform’s core functions—staking, liquidity, and NFT utilities—contributes to a cohesive ecosystem. Built on the Optimism OP Stack, the R0AR Platform benefits from reduced transaction costs and scalability for future integrations, including real-world asset support and AI-enhanced personalization features.

Public Launch and Availability

The R0AR Platform is scheduled for public release on 6-16-2025 . Users will be able to access all staking, liquidity, and NFT functionalities (NFT staking to follow on the r0ar platform in the coming weeks after launch) at https://www.r0ar.io/platform.

About R0AR

R0AR is a decentralized finance platform offering token staking, liquidity solutions, and NFT-based engagement tools. Operating on the Ethereum Blockchain & R0AR’s custom OP Stack Layer 2 chain, the platform emphasizes time-based rewards, user protection, and simplified participation across DeFi protocols.

R0AR Platform: https://www.r0ar.io/platform.

How to use the r0ar Platform : https://www.youtube.com/playlist?list=PL9NGvnQ0OI2FM2VTtZrjqnxxgdKvz62F-

R0AR Homepage: https://www.r0ar.io/

Telegram: https://t.me/r0ar_community

X: https://twitter.com/th3r0ar

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