Bitcoin-focused staking platform Solv Protocol has launched a structured yield vault for institutional investors, targeting more than $1 trillion in BTC currently sitting idle and not collecting interest. Solv’s new BTC+ is designed as a Bitcoin (BTC) yield vault aggregating and deploying capital across various yield strategies spanning decentralized finance (DeFi), centralized finance (CeFi) and traditional finance markets, Solv announced Thursday. These strategies include protocol staking, basis arbitrage and yields from tokenized real-world assets, notably including BlackRock’s BUIDL fund. The vault integrates Chainlink’s Proof-of-Reserves for onchain verification, according to the company. It also includes drawdown safeguards based on net asset…
Author: CYPRUS EYE
Key points: Bitcoin still trades in its 18-day range despite a breakdown below $116,000. The latency between pro-crypto policy from US regulators and the Trump administration and Bitcoin price has left traders feeling anxious. Bitcoin (BTC) sold off sharply on Wednesday following the Federal Reserve’s release of the FOMC minutes and Fed Chair Jerome Powell’s presser, where he explained why the central bank elected not to cut interest rates. Prices rebounded on Thursday after US equities and crypto markets returned their focus to the fundamentals at hand and the projected longer-term impact of President Trump’s economic mandate. Despite the sharp…
Kerr County’s top emergency coordinator said Thursday he had been feeling ill for days leading up to the deadly floods but that he immediately mobilized when he was awakened early on July 4. In his first public remarks since the disaster that killed more than 130 people in Texas and led to urgent questions about his whereabouts and response, William “Dub” Thomas defended his handling of the emergency. In testimony before state lawmakers, Thomas said he immediately reported to the sheriff’s office but decided not to issue an alert to cellphones because the National Weather Service had already done so.…
“It’s an incredibly strange phenomenon,” he said. “We only discovered them 10 years ago, when we could use a particular set of technologies to detect the start and end locations of the of lightning events.” Megaflashes are not altogether uncommon, but they typically only occur in parts of the world where specific geographical and atmospheric conditions can produce the most severe thunderstorms, Cerveny said. In the Great Plains and across the Midwest, for instance, warm and humid air from the Gulf of Mexico collides with drier, colder air from the north, creating strong atmospheric instability. When these conditions mix and…
Iran will demand U.S. compensation for losses from last month’s war before resuming nuclear talks, Foreign Minister Abbas Araghchi told the Financial Times on Thursday, signaling a tougher stance toward the Trump administration. “They should explain why they attacked us in the middle of…negotiations, and they have to ensure that they are not going to repeat that (during future talks),” Araghchi told FT in an interview in Tehran. “And they have to compensate (Iran for) the damage that they have done.” The report said Araghchi and U.S. special envoy Steve Witkoff exchanged messages with each other during and since the…
An Arkansas couple killed Saturday while they were hiking in a state park with their two young daughters were stabbed to death in what appears to have been a random attack, authorities said Thursday. Investigators believe Clinton David Brink, 43, was attacked first at Devil’s Den State Park, and that his wife, Cristen Amanda Brink, 41, took the children to safety. She then “returned to help her husband,” authorities said at a news conference. Andrew James McGann, a teacher who had moved to Arkansas from Oklahoma, was arrested Wednesday at a barbershop in Springdale, Arkansas, after a dayslong manhunt and…
Five sheriff’s deputies from Colorado are being disciplined after a college student spent two weeks in a federal immigration detention center last month after a routine traffic stop. An administrative review concluded that Sheriff’s Deputy Alexander Zwinck shared information on a Signal group chat that included federal immigration agents after he had pulled over Caroline Dias-Goncalves, 19, a student at the University of Utah, Mesa County Sheriff Todd Rowell said in a statement Wednesday. The agents then used that information to track Dias-Goncalves down and arrest her. She was taken to a detention facility in Aurora, where she was held…
Donald Trump’s Middle East envoy Steve Witkoff arrived in Israel on Thursday to discuss ending the nearly 22-month war in Gaza, where severe food shortages and mounting civilian suffering have fueled growing international criticism. Gaza’s civil defense agency reported dozens of Palestinians killed late Wednesday when Israeli forces opened fire on a crowd attempting to block an aid convoy – the latest in a spate of near-daily incidents of desperate aid seekers being shot. The Israeli military claimed having fired “warning shots” as Gazans gathered around aid trucks, but said it did not know of casualties in the incident. An…
Russia launched overnight missile and drone strikes on Kyiv, killing at least eight people, including a 6-year-old boy, and injuring 82 others, Ukrainian officials said Thursday. Ten children, the youngest being a 5-month-old girl, were among the injured, Kyiv City Military Administration head Tymur Tkachenko said. A large part of a nine-story residential building collapsed after it was struck, he said. Rescue teams were at the scene searching for people trapped under the rubble. Yana Zhabborova, 35, a resident of the damaged building, woke up to the sound of thundering explosions, which blew off the doors and windows of her…
President Ersin Tatar issued a message on the occasion of the August 1 Social Resistance Day and the 67th anniversary of the TMT. President Ersin Tatar in his message, August 1, Social Resistance Day, 454th anniversary of the conquest of Cyprus, the national symbol of the Turkish Cypriot people’s resistance against Enosis celebrated the 67th anniversary of the establishment of the Turkish Resistance Organization and the 49th anniversary of the establishment of the Security Forces Command. President Tatar said: “The Turkish Cypriot, which has a glorious history of more than four and a half centuries on the island of Cyprus,…