Crypto Currency

Bitcoin staking platform Solv Protocol partners with Ethereum L2 Soneium

Solv Protocol has partnered with Soneium for BTC staking on Ethereum L2. Following the partnership, SolvBTC holders can stake, earn rewards, and use advanced yield strategies. Soneium’s $45M TVL and 47M transactions boost DeFi growth with Solv. The world of decentralized finance continues to evolve, and a new partnership between Solv Protocol and Soneium is


Bitcoin staking platform Solv Protocol partners with Ethereum L2 Soneium

  • Solv Protocol has partnered with Soneium for BTC staking on Ethereum L2.
  • Following the partnership, SolvBTC holders can stake, earn rewards, and use advanced yield strategies.
  • Soneium’s $45M TVL and 47M transactions boost DeFi growth with Solv.

The world of decentralized finance continues to evolve, and a new partnership between Solv Protocol and Soneium is pushing the boundaries of what Bitcoin can achieve. Announced on March 6, 2025, this collaboration brings Bitcoin staking to Soneium, an Ethereum layer 2 blockchain supported by Japan’s Sony Group.

By integrating these two platforms, users can now explore fresh opportunities to earn rewards and tap into cross-chain liquidity, blending Bitcoin’s stability with Ethereum’s expansive DeFi ecosystem.

Solv Protocol, a platform dedicated to Bitcoin staking, is at the heart of this development. It allows users to deposit Bitcoin and receive SolvBTC, a token pegged 1:1 to Bitcoin’s value.

Through this partnership, SolvBTC holders can stake their assets on Soneium, opening the door to passive income while maintaining Bitcoin’s core value proposition. This move reflects a growing trend among investors seeking ways to make their Bitcoin work harder beyond simply holding or trading it.

Enhancing Bitcoin’s DeFi potential

A standout feature of this collaboration is the introduction of SolvBTC Liquid Staking Tokens, or SolvBTC.LSTs. These tokens enable advanced yield strategies, giving Bitcoin users greater flexibility and scalability in their investments.

With this setup, staking becomes more than just a way to earn rewards—it transforms into a tool for unlocking sophisticated financial opportunities across multiple blockchains. The partnership leverages Solv’s innovative Staking Abstraction Layer, a system designed to simplify the staking process across various networks.

This abstraction layer is a game-changer for Bitcoin holders. It lowers the technical barriers that often keep users from participating in DeFi, making it easier to engage with decentralized applications.

By bridging Bitcoin (BTC) to Soneium, Solv Protocol is effectively extending the cryptocurrency’s utility, allowing it to play a more active role in the fast-growing world of decentralized finance.

Notably, the timing of this partnership couldn’t be better. As Bitcoin staking gains popularity, more investors are looking for ways to generate passive income from their holdings. Solv Protocol and Soneium are meeting this demand head-on, offering a solution that’s both accessible and forward-thinking.

While specifics about future plans remain under wraps, both teams have hinted at additional innovations to come, signaling that this is just the beginning of

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Crypto Currency

Why Did the Crypto Market Crash Today?

The post Why Did the Crypto Market Crash Today? appeared first on Coinpedia Fintech News In just the past hour, the crypto market lost nearly $90.3 billion in value, with the total market cap falling 3.37% to around $2.59 trillion. Bitcoin, the world’s largest cryptocurrency, dropped to nearly $77,678…

The post Why Did the Crypto Market Crash Today? appeared first on Coinpedia Fintech News
In just the past hour, the crypto market lost nearly $90.3 billion in value, with the total market cap falling 3.37% to around $2.59 trillion. Bitcoin, the world’s largest cryptocurrency, dropped to nearly $77,678…
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Crypto Currency

XRP beat bitcoin gains as CLARITY Act advanced, but a real bullrun still needs Congress

Markets XRP beat bitcoin gains as Clarity Act advanced, but a real bullrun still needs Congress The token jumped 5% after a Senate committee moved the market-structure bill forward, reviving hopes that legal clarity can pull deeper institutional money into XRP products. By Shaurya Malwa Updated Jun 2, 2026, 4:52 a.m. Published May 16, 2026

Markets

XRP beat bitcoin gains as Clarity Act advanced, but a real bullrun still needs Congress

The token jumped 5% after a Senate committee moved the market-structure bill forward, reviving hopes that legal clarity can pull deeper institutional money into XRP products.

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Summary

  • XRP jumped above $1.50 after the Senate Banking Committee advanced the Digital Asset Market Clarity Act, a key step toward clearer U.S. rules for crypto markets.
  • The bill, which still faces several legislative hurdles, would give institutions a more defined framework for custody, trading, market making and ETF allocation of digital assets including XRP.
  • Growing institutional use of the XRP Ledger for tokenized assets, DeFi activity and spot XRP ETF inflows underscores rising demand even as the token remains below its 2025 highs.

XRP traders got the regulatory headline they had been waiting for on Thursday after the Senate Banking Committee advanced the Digital Asset Market Clarity Act in a 15-9 vote, moving one of Washington’s main crypto market-structure bills closer to a full Senate fight.

XRP traded zoomed above $1.5 after the vote, adding 5% over a 24-hour period and 7.6% on the week, making it one of the stronger performers among major tokens such as bitcoin and ether, which have added under 3% for the week.

The outsized reaction came as few large crypto assets have been shaped as directly by U.S. regulatory uncertainty as XRP.

The SEC sued Ripple in December 2020, setting off years of exchange suspensions, institutional hesitation and legal noise around whether XRP could trade freely in U.S. markets. A 2023 ruling from Judge Analisa Torres helped clear secondary-market XRP trading from being treated as securities transactions, but the broader market never got what large allocators usually want – federal legislation that is harder for a future regulator to reinterpret.

The CLARITY bill would put more digital assets under a defined market-structure regime and give institutions a cleaner framework for custody, trading, market making and ETF allocation.

Ripple CEO Brad Garlinghouse called the committee vote “the moment” in a post on X, saying the industry deserves “the same rules and protections as every other asset class.”

The Senate Banking version still has to merge with the Agriculture Committee version, pass the full Senate, survive House reconciliation and reach the president’s desk. Senator Cynthia Lummis has said lawmakers have agreement on most of the bill, while Senator Elizabeth Warren has objected to parts of the process. The Memorial Day recess gives the current push a practical deadline.

Optimism and demand for XRP stems from several fundamental factors directly impacted both the token and its closely-related firm Ripple.

Alexis Sirkia, an early XRP and Ethereum market maker who now leads decentralized clearing firm Yellow Network told CoinDes that the “the real story of XRP in mid-2026 will not be its consolidating price, but the quiet, almost imperceptible rewiring of global finance.”

“With legal clouds lifted and institutional capital proving remarkably sticky, the XRP Ledger is transforming into a compliance-grade tokenization and settlement layer, speaking the precise language that institutional capital does,” Sirkia added.

The XRP Ledger, the underlying network of xrp tokens, has recorded a bump in activity in the past few months. Tokenized real-world assets on the chain have crossed $3 billion, placing it among the leading non-Ethereum networks for institutional tokenization.

Last week’s Ripple-JPMorgan-Mastercard-Ondo pilot processed a tokenized U.S. Treasury redemption in under five seconds, demonstrating the chain can bridge public blockchain rails with traditional interbank settlement.

Meanwhile, the broader DeFi ecosystem built around XRP through bridged representations has grown to over $560 million in combined value locked, led by Flare and Doppler Finance.

U.S.-listed spot XRP ETFs drew $25.8 million in net inflows earlier this week in their largest daily haul since early January, bringing cumulative inflows to $1.35 billion.

The inflows followed Ripple’s closing of a $200 million debt facility for its Ripple Prime brokerage and a successful pilot tokenized U.S. Treasury settlement on the XRP Ledger with JPMorgan, Mastercard and Ondo Finance.

As such, XRP remains well below its 2025 highs, and the $1.50 area continues to act as the level bulls need to reclaim.

The committee vote gave XRP a catalyst. Full legal clarity is still the trade.

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Why it matters:

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Take your shot at a solo-mining win with this $60 desktop Bitcoin miner (+ free shipping)

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