Express

$60 Million Worth Of Bitcoin Moved Onto Ethereum In June

Emily Mason

Summary: $60 million worth of Bitcoin moved onto Ethereum in June — over $33 million more than in May — as reported by Coindesk. Bitcoin is being used increasingly often in decentralized finance applications. Yield farming is a likely cause for the increased transfer of Bitcoin to Ethereum.  Former associate at Deutsche Bank and co-founder of cryptocurrency research ...

$60 million worth of Bitcoin moved onto Ethereum in June — over $33 million more than in May — as reported by Coindesk.

Bitcoin is being used increasingly often in decentralized finance applications. Yield farming is a likely cause for the increased transfer of Bitcoin to Ethereum. 

Former associate at Deutsche Bank and co-founder of cryptocurrency research firm Delphi Digital, Medio Demarco, told Coindesk to expect transfers of Bitcoin onto Ethereum to continue as the field of defi grows and wrapped Bitcoin becomes more and more necessary.

By Emily Mason

Last Update:

Tags: ,,,
Link: $60 Million Worth Of Bitcoin Moved Onto Ethereum In June   [Copy]
Next:

Related Articles

  • S&P 500 Enters Key Turning Point Window; A Cautious "Wait-and-See" Approach is Adv... 2 days ago
  • Why a "One-Size-Fits-All" Approach to Stablecoin Issuance Fails Given Diverse Fiat Curr... 3 days ago
  • BitFuFu’s VP on Mining Leadership, Corporate Crypto Treasuries, the Stablecoin Act, and... 8 days ago
  • BTC Weekly Outlook: A Bullish Week, but Signs Point to a Shift to Defensive Play 9 days ago
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 19 days ago

    • You need to login to comment.