Latest news with #ThresholdNetwork
Yahoo
4 days ago
- Business
- Yahoo
Sui Rallies Nearly 10% in Bullish Breakout
Sui (SUI), the native token of the Sui network, rose nearly 10% in the past 24 hours after several catalysts over the past week pushed the token in a breakout zone. The token delivered a bullish performance, climbing to $3.24 from $2.94 with a trading range of $0.34 that reflects 11.5% volatility, according to CoinDesk Research's technical analysis model. It built substantial upward momentum featuring notable volume surges at $2.99 and $3.10, demonstrating strong institutional accumulation and validating these breakout points as high-volume foundation levels. Critical resistance materialized at $3.27 where the price encountered reversal amid heightened volume, while support stabilized within the $3.20-$3.21 zone during late trading hours, indicating possible accumulation positioning for continued upward movement. The bullish momentum comes after several catalysts for the token, including the launch of Threshold Network's tBTC, an ERC-20 token backed 1-to-1 by bitcoin, on the Sui blockchain earlier this week which could potentially add over $500 million in bitcoin liquidity to the Sui network. Sui ranks among the top five layer-1 networks, with daily volume up about 135% versus the market's average of 52%, according to data on Coinbase. The token has risen more than 340% in the past 12 months, outpacing the broader crypto market as measured by the CoinDesk 20 Index, which rose about 2.8% over the same period. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
6 days ago
- Business
- Business Insider
Threshold Network's tBTC is Now live on Sui: Ushering in a new era for Bitcoin DeFi
Key Takeaways: Resolving Bitcoin's Utility Paradox: tBTC on Sui Eliminates the Choice Between Security and Utility. Web3 Benefits with Web2 Ease: Experience Bitcoin DeFi with 400ms finality and near-zero fees on Sui's high-performance network. Unprecedented Capital Efficiency: Bitcoin liquidity flows freely across an ecosystem of protocols, maintaining deep liquidity without fragmentation. Complete Bitcoin DeFi Suite: Immediate access to trading, lending, and leveraged DeFi strategies through tBTC, backed by 1:1 Real Bitcoin. tBTC Meets Sui: Liberating Bitcoin from Digital Vaults Threshold and Sui have announced a major integration to bring tBTC, the leading decentralized Bitcoin asset, to the Sui blockchain, engineered for mass adoption. This collaboration unlocks access to over $500 million in Bitcoin liquidity for Sui's high-performance DeFi ecosystem, known for its near-zero fees, sub-second finality, and exceptional capital efficiency. Threshold Network's tBTC is a decentralized, trust-minimized onchain version of Bitcoin that preserves Bitcoin's core principles while enabling liquidity across DeFi ecosystems. Now live on Sui, tBTC empowers users to trade, lend, and engage in advanced DeFi strategies within a secure, scalable environment, with transaction finality as fast as 400 milliseconds. Sui will be the first non-EVM chain to support direct minting on the Threshold app, expanding accessibility and reinforcing its position as a premier destination for Bitcoin liquidity. On Sui, tBTC can participate in DeFi strategies within a high-speed, scalable environment—from trading and lending to more specialized use cases, such as serving as collateral on protocols like Bucket, while preserving its core properties. "Bitcoin was designed to be used, not locked away," says Callan 'Sap' Sarre, Co-founder and CPO at Threshold Labs. "With tBTC on Sui, we're combining the security of threshold cryptography with a high-throughput network to create a new standard for Bitcoin utility. The integration will expand Sui's growing Bitcoin ecosystem across four Sui-native protocols: Bluefin: Trade tBTC across select pairs and unlock additional APR rewards. Bucket: Save, spend, and explore Bitcoin-powered DeFi with ease. AlphaLend: Access advanced lending pairs and APR% rewards by supplying tBTC. AlphaFi: Enable high-leverage BTC DeFi strategies with auto-looping vaults. Additionally, users can also mint tBTC directly on Sui via the Threshold dApp, providing a secure and easy access point to BTCFi. Key benefits of tBTC on Sui include: Sub-Second Finality: Transactions complete in 400 milliseconds. Eliminate Fragmentation: Move Bitcoin seamlessly between protocols with near-zero fees. True Sovereignty: No reliance on centralized custodians. Web3 Power, Web2 UX: Fast, cheap, and user-friendly. Lastly, Wormhole will serve as the key interoperability provider for tBTC's expansion to the Sui network. A dedicated bridge enabling users to move tBTC from other networks to Sui will soon be available on the Portal website. This integration will streamline cross-chain activity, making it easier for users to access Bitcoin DeFi across various ecosystems, including Sui, Ethereum, and others. 'We're excited to support Bitcoin's growth on Sui through Wormhole's cross-chain infrastructure,' said Robinson Burkey, Co-Founder of Wormhole. 'This integration advances Bitcoin's interoperability and unlocks new DeFi opportunities while preserving the security and decentralization users expect.' Bitcoin DeFi is thriving on Sui, with a significant portion of Sui's TVL now composed of BTC-backed assets. Since February 2025, a substantial amount of Bitcoin volume has flowed into Sui-native protocols. The integration of tBTC will strengthen this ecosystem by: Unlocking seamless Bitcoin liquidity on Sui through direct tBTC minting. Supporting leveraged DeFi strategies without compromising decentralization. Delivering frictionless DeFi interactions backed by industry-grade infrastructure. As the world's most valuable digital asset gains momentum and utility, Bitcoin expands beyond serving as a store of value to power decentralized finance (DeFi) applications. Strategic Three-Month Campaign To support the launch of Threshold's tBTC on Sui, Threshold and Sui are kicking off a three-month campaign to facilitate long-term adoption. The initiative includes protocol-level developer support and ecosystem-wide activations to ensure the Bitcoin Standard flourishes in modern DeFi applications. This also includes limited-time incentives on select Sui DeFi Protocols, namely Bucket, AlphaLend, and Bluefin. 'BTC is expected to bring a massive amount of Bitcoin liquidity to Sui, creating a bridge that truly matters for institutions and everyday people who love Bitcoin,' said Adeniyi Abiodun, Co-Founder and Chief Product Officer at Mysten Labs, the original contributors to Sui. 'This integration opens another door to accessible, sovereign BTCfi participation. Getting Involved Bitcoin was never meant to sit idle. With tBTC on Sui, it won't have to. Users can get involved in this campaign by: Direct Minting of tBTC on Sui via Threshold dApp: How to Mint tBTC to Sui Tutorial: Participating in Galxe Quest and Other Quests: / Experience fluid trading on Bluefin DEX: Access tBTC lending options through AlphaLend: Transform idle BTC into everyday utility with Bucket Automate complex Bitcoin strategies with AlphaFi Learn more about Sui and the Threshold Network at and or follow them on X at @SuiFoundation and @TheTNetwork. Threshold Network is the decentralized protocol behind tBTC, a fully non-custodial, 1:1 Bitcoin-backed asset secured by a 51-of-100 threshold signer model. tBTC enables native BTC to move across chains like Ethereum, Base, BOB, and Arbitrum without requiring custodians or compromising security. With over $ 500 M in TVL and over $ 3.6 B in bridge volume, Threshold offers the most battle-tested, trust-minimized Bitcoin infrastructure in DeFi. For more information about Threshold Network, users can visit About Sui Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the ground up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain, providing a platform on which creators and developers can build amazing, user-friendly experiences. For more information about Sui, users can visit
Yahoo
7 days ago
- Business
- Yahoo
Threshold's Bitcoin Backed tBTC Debuts on Sui, Unlocking $500M in Liquidity
Threshold Network's tBTC, an ERC-20 token backed 1-to-1 by bitcoin (BTC), debuted on Sui on Monday as Threshold looks to expand BTCFi in the Sui ecosystem. The collaboration enables users to deposit their BTC on Sui and mint tBTC, potentially adding over $500 million worth of bitcoin liquidity to the Sui network. It means users can deploy their BTC in the Sui-based DeFi to generate additional yield while seamlessly using tBTC across the ecosystem. "tBTC is expected to bring a massive amount of Bitcoin liquidity to Sui, creating a bridge that truly matters—not just for institutions but for everyday people who love Bitcoin,' Adeniyi Abiodun, co-founder and chief product officer at Mysten Labs, the original contributors to Sui, said in the announcement shared exclusively with CoinDesk. 'This new integration opens another door to accessible, sovereign BTCfi participation,' Abiodun added. BTCFi represents a full spectrum of decentralized finance applications built to work with bitcoin, aiming to enhance the cryptocurrency's appeal beyond the store-of-value narrative. Nearly 600 BTC, worth over $65 million, have been bridged to the Sui ecosystem since February, and BTC-backed assets account for more than 10% of the total value locked (TVL) in the SUI ecosystem. At press time, cryptocurrencies worth $1.83 billion were locked in the Sui-based DeFi, according to data source DeFiLlama. "Bitcoin was designed to be used, not locked away,' Callan Sarre, co-founder at Threshold Labs, said. 'With tBTC coming on Sui, we're combining the security of threshold cryptography with a high-throughput network to create a new standard for Bitcoin utility.' Home to tBTC, Threshold Network is a decentralized protocol that combines cryptography and blockchain infrastructure to provide secure and trust-minimized access to bitcoin DeFi. As of writing, tBTC had a market cap of over $570 million, with a circulating supply of 5,265 coins, according to data source Coingecko.
Int'l Business Times
11-06-2025
- Business
- Int'l Business Times
tBTC launches on Starknet: Expanding Bitcoin's Role in Multi-Chain DeFi
Texas, United States, June 11th, 2025, Chainwire Bitcoin holders can now trade, borrow, and execute complex DeFi strategies for just $0.01 per transaction, following Threshold Network's launch of tBTC on Starknet. This trust-minimized protocol transforms Bitcoin into functional DeFi capital while preserving full user custody. tBTC is now available for direct minting on Starknet via the Threshold UI, allowing users to seamlessly bring native BTC onchain without custodians or intermediaries. With Bitcoin's average transaction fee at $1.49 (7-day moving average, June 2025), it's no match for Starknet's ultra-low costs, where the same Bitcoin, via tBTC, can be traded, lent, or deployed in complex DeFi strategies for just $0.01 per transaction. "BTC on Bitcoin Mainnet is like gold bars in a vault: valuable but unusable," said MacLane Wilkison, Co-Founder of Threshold Labs. "At just $0.01 per transaction on Starknet, Bitcoin becomes more than a store of value — it can now be used for small to large-scale trades, executed hundreds of times a day, and as a source of capital to lend or even borrow against. This is Bitcoin as it was meant to be used." The Numbers: Why Bitcoin DeFi Struggles Current Bitcoin mainnet reality (June 2025 data): Average transaction fee: $1.49 (7-day moving average) Recent peak during congestion: $91.89 (April 2024) Confirmation time: 10-60 minutes Result: Complex DeFi operations become uneconomical: even at $1.49, a $100 trade costs 1.5% in fees. tBTC on Starknet changes the economics: Transaction fees: $0.01 Confirmation: Instant Throughput: 857 TPS (achieved in testing) Result: Bitcoin becomes a working capital, operating at minimal cost. What's Coming Next for tBTC x Starknet With the launch of tBTC on Starknet, Threshold Network is building the foundation for a Bitcoin-Ethereum economy within a scalable, zero-knowledge environment. tBTC is integrating with Starknet's most prominent protocols to bring trust-minimized Bitcoin liquidity to trading, borrowing, and beyond. Live on Launch: DEX Trading on Ekubo - Native Starknet DEXs enable deep, efficient trading of tBTC against select pairs. Users can deploy capital with minimal slippage and explore high-frequency strategies at a much lower cost. Native Starknet DEXs enable deep, efficient trading of tBTC against select pairs. Users can deploy capital with minimal slippage and explore high-frequency strategies at a much lower cost. Coming Soon: tBTC Lending on Vesu - Soon, users can borrow against their tBTC positions without relinquishing custody, via Vesu. This integration mirrors the success of tBTC on Ethereum, where over 25% of the supply is locked in Aave. What Can Users Do with tBTC on Starknet Execute on Select Trading and Borrowing Strategies Provide liquidity at minimal rebalancing costs Use Bitcoin as collateral without selling Manage positions freely on DEXs Trade tBTC or explore staking pairs Enabling New Application Use Cases: Streaming Payments: Enables Bitcoin-backed payments to be sent on a per-second basis. Enables Bitcoin-backed payments to be sent on a per-second basis. Automated Strategies: Allows BTC to function within smart contract systems while minimizing gas overheads that could reduce returns. Allows BTC to function within smart contract systems while minimizing gas overheads that could reduce returns. Bitcoin-Powered Gaming: Facilitates microtransactions through low-cost, instant Bitcoin-backed transfers, making them viable in gaming environments. What's Coming Next Perpetuals & CDPs: Upcoming integrations with perp DEXs and collateralized debt protocols will expand risk-managed leverage options and allow BTC to power more complex DeFi tools. Yield Vaults: Future integrations with automated vaults will simplify liquidity management for users and unlock more opportunities with BTC on DeFi. Oracles & Liquidity Infrastructure: Collaborations with major liquidity providers and oracle networks will ensure accurate price feeds and optimal capital deployment. "This fundamentally changes Bitcoin's role in DeFi," said Damian Chen, Head of Growth at the Starknet Foundation. "We're seeing developers revisit ideas killed by high fees. Bitcoin at scale is finally possible on Starknet." Security Without Compromise Unlike other wrapped Bitcoins that require corporate custody, tBTC uses threshold cryptography. Multiple independent nodes secure Bitcoin deposits, ensuring that no single entity controls funds. No KYC is required, and users maintain Bitcoin sovereignty while accessing DeFi. Starknet's zero-knowledge proofs provide the scaling. STARK cryptography compresses thousands of transactions into one proof, achieving 857 TPS in testing while maintaining Ethereum's security guarantees. How to Access tBTC on Starknet Access tBTC on Starknet via 2 ways: With $547 million in TVL, 193 active protocols, and over 11,000 daily users, Starknet has rapidly emerged as a hub for scalable, composable DeFi. Starknet users can now directly mint tBTC — a fully backed, 1:1 representation of native Bitcoin — through the Threshold UI, providing them with seamless access to Bitcoin's value without intermediaries and with full self-custody. Additionally, users can bridge existing tBTC from Ethereum L1 to Starknet via the official StarkGate bridge, offering even more flexibility for Bitcoin holders to participate in Starknet DeFi. Market Context Despite a $2.1 trillion market cap, Bitcoin's presence in DeFi remains minimal, with just $6.3 billion (under 0.3%) locked in decentralized protocols, according to DefiLlama data from June 2025. As transaction costs decline and access barriers are removed, the Bitcoin DeFi market has the potential to grow 10–15x, unlocking new utility beyond passive holding and into active, composable participation across DeFi. tBTC has operated since 2020 as the leading trust-minimized Bitcoin protocol. Combined with Starknet's proven 857 TPS capacity, Bitcoin DeFi can finally scale. About Threshold Network Threshold Network powers tBTC, the leading decentralized, 1:1 Bitcoin-backed asset for DeFi. Secured by a 51-of-100 threshold signer model, tBTC enables BTC to move across multiple chains—including Ethereum, Solana, Arbitrum, and BOB—without requiring custodians or compromising security. With $450M+ in TVL and $3.6B in bridge volume since 2020, Threshold delivers the most robust trust-minimized Bitcoin infrastructure in DeFi. About Starknet Starknet is a permissionless, decentralized zero-knowledge (ZK) rollup that offers high scalability, low fees, and fast finality. Powered by STARK proofs and developed by StarkWare, Starknet is designed for long-term composability, security, and developer flexibility. Disclaimer: This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those discussed. Nothing in this press release should be considered investment advice. Contact Marketing RC Threshold Threshold Labs marketing@
Business Insider
11-06-2025
- Business
- Business Insider
tBTC launches on Starknet: Expanding Bitcoin's Role in Multi-Chain DeFi
Texas, United States, June 11th, 2025, Chainwire Bitcoin holders can now trade, borrow, and execute complex DeFi strategies for just $0.01 per transaction, following Threshold Network's launch of tBTC on Starknet. This trust-minimized protocol transforms Bitcoin into functional DeFi capital while preserving full user custody. tBTC is now available for direct minting on Starknet via the Threshold UI, allowing users to seamlessly bring native BTC onchain without custodians or intermediaries. With Bitcoin's average transaction fee at $1.49 (7-day moving average, June 2025), it's no match for Starknet's ultra-low costs, where the same Bitcoin, via tBTC, can be traded, lent, or deployed in complex DeFi strategies for just $0.01 per transaction. "BTC on Bitcoin Mainnet is like gold bars in a vault: valuable but unusable," said MacLane Wilkison, Co-Founder of Threshold Labs."At just $0.01 per transaction on Starknet, Bitcoin becomes more than a store of value — it can now be used for small to large-scale trades, executed hundreds of times a day, and as a source of capital to lend or even borrow against. This is Bitcoin as it was meant to be used." The Numbers: Why Bitcoin DeFi Struggles Current Bitcoin mainnet reality (June 2025 data): Average transaction fee: $1.49 (7-day moving average) Recent peak during congestion: $91.89 (April 2024) Confirmation time: 10-60 minutes Result: Complex DeFi operations become uneconomical: even at $1.49, a $100 trade costs 1.5% in fees. tBTC on Starknet changes the economics: Transaction fees: $0.01 Confirmation: Instant Throughput: 857 TPS (achieved in testing) Result: Bitcoin becomes a working capital, operating at minimal cost. What's Coming Next for tBTC x Starknet With the launch of tBTC on Starknet, Threshold Network is building the foundation for a Bitcoin-Ethereum economy within a scalable, zero-knowledge environment. tBTC is integrating with Starknet's most prominent protocols to bring trust-minimized Bitcoin liquidity to trading, borrowing, and beyond. Live on Launch: DEX Trading on Ekubo - Native Starknet DEXs enable deep, efficient trading of tBTC against select pairs. Users can deploy capital with minimal slippage and explore high-frequency strategies at a much lower cost. Coming Soon: tBTC Lending on Vesu - Soon, users can borrow against their tBTC positions without relinquishing custody, via Vesu. This integration mirrors the success of tBTC on Ethereum, where over 25% of the supply is locked in Aave. What Can Users Do with tBTC on Starknet Execute on Select Trading and Borrowing Strategies Provide liquidity at minimal rebalancing costs Use Bitcoin as collateral without selling Manage positions freely on DEXs Trade tBTC or explore staking pairs Enabling New Application Use Cases: Streaming Payments: Enables Bitcoin-backed payments to be sent on a per-second basis. Automated Strategies: Allows BTC to function within smart contract systems while minimizing gas overheads that could reduce returns. Bitcoin-Powered Gaming: Facilitates microtransactions through low-cost, instant Bitcoin-backed transfers, making them viable in gaming environments. What's Coming Next Perpetuals & CDPs: Upcoming integrations with perp DEXs and collateralized debt protocols will expand risk-managed leverage options and allow BTC to power more complex DeFi tools. Yield Vaults: Future integrations with automated vaults will simplify liquidity management for users and unlock more opportunities with BTC on DeFi. Oracles & Liquidity Infrastructure: Collaborations with major liquidity providers and oracle networks will ensure accurate price feeds and optimal capital deployment. "This fundamentally changes Bitcoin's role in DeFi," said Damian Chen, Head of Growth at the Starknet Foundation."We're seeing developers revisit ideas killed by high fees. Bitcoin at scale is finally possible on Starknet." Security Without Compromise Unlike other wrapped Bitcoins that require corporate custody, tBTC uses threshold cryptography. Multiple independent nodes secure Bitcoin deposits, ensuring that no single entity controls funds. No KYC is required, and users maintain Bitcoin sovereignty while accessing DeFi. Starknet's zero-knowledge proofs provide the scaling. STARK cryptography compresses thousands of transactions into one proof, achieving 857 TPS in testing while maintaining Ethereum's security guarantees. How to Access tBTC on Starknet Access tBTC on Starknet via 2 ways: Direct Minting from BTC to tBTC (Starknet): Bridge tBTC from Ethereum L1 to Starknet: With $547 million in TVL, 193 active protocols, and over 11,000 daily users, Starknet has rapidly emerged as a hub for scalable, composable DeFi. Starknet users can now directly mint tBTC — a fully backed, 1:1 representation of native Bitcoin — through the Threshold UI, providing them with seamless access to Bitcoin's value without intermediaries and with full self-custody. Additionally, users can bridge existing tBTC from Ethereum L1 to Starknet via the official StarkGate bridge, offering even more flexibility for Bitcoin holders to participate in Starknet DeFi. Market Context Despite a $2.1 trillion market cap, Bitcoin's presence in DeFi remains minimal, with just $6.3 billion (under 0.3%) locked in decentralized protocols, according to DefiLlama data from June 2025. As transaction costs decline and access barriers are removed, the Bitcoin DeFi market has the potential to grow 10–15x, unlocking new utility beyond passive holding and into active, composable participation across DeFi. tBTC has operated since 2020 as the leading trust-minimized Bitcoin protocol. Combined with Starknet's proven 857 TPS capacity, Bitcoin DeFi can finally scale. About Threshold Network Threshold Network powers tBTC, the leading decentralized, 1:1 Bitcoin-backed asset for DeFi. Secured by a 51-of-100 threshold signer model, tBTC enables BTC to move across multiple chains—including Ethereum, Solana, Arbitrum, and BOB—without requiring custodians or compromising security. With $450M+ in TVL and $3.6B in bridge volume since 2020, Threshold delivers the most robust trust-minimized Bitcoin infrastructure in DeFi. About Starknet Starknet is a permissionless, decentralized zero-knowledge (ZK) rollup that offers high scalability, low fees, and fast finality. Powered by STARK proofs and developed by StarkWare, Starknet is designed for long-term composability, security, and developer flexibility. Contact Marketing RC Threshold
