Binance News: Solv Protocol Deploys $10M Bitcoin on BNB Chain to Enhance DeFi Ecosystem

In a move that could revolutionize the decentralized finance (DeFi) space, Solv Protocol has deployed a significant amount of Bitcoin onto the BNB Chain. Here’s what you need to know.

Solv Protocol Deploys $10M Bitcoin on BNB Chain to Boost DeFi Yield and Liquidity

Solv Protocol, a unified standard for Bitcoin ($BTC) staking, has deployed its first $10 million Bitcoin Reserve Offering (BRO) onto the BNB Chain. This marks a groundbreaking move in decentralized finance (DeFi) and aims to integrate Bitcoin ($BTC) into the BNB ecosystem. The deployment allows idle $BTC to generate yield actively across the BNB Chain’s top DeFi protocols.

Bubblemaps (BMT) Faces Profit-Taking After Binance Listing Rally

Bubblemaps (BMT) saw a 147% rally after being listed on Binance, but the momentum was short-lived as investors quickly took profits, leading to a 17% decline. The Chaikin Money Flow (CMF) indicator showed a downtick, reflecting rising outflows as investors sell off their holdings. The indicator is still struggling to move above the zero line, suggesting that the rally may lose steam in the coming days. The absence of fresh capital flowing into the asset further complicates any potential recovery.