June was a month shaped by macroeconomic uncertainty and regulatory milestones.

Bitcoin began the month trading near $70,000 before falling to around $60,000 as stronger than expected U.S. economic data challenged expectations for interest rate cuts. Higher inflation readings and persistent concerns over monetary policy weighed on risk assets, triggering more than $212 million in long liquidations as BTC briefly fell below $58,000.

At the same time, regulation continued to mature across the digital asset industry. On July 1, 2026, the transitional period under the Markets in Crypto Assets (MiCA) regulation officially came to an end. Crypto service providers operating in the European Union must now comply with MiCA’s licensing and operational requirements, marking another step toward a more standardized regulatory environment for digital assets.

Despite short term market volatility, development across Bitcoin’s onchain ecosystem continued. The broader BTCfi landscape expanded with new lending opportunities, cross chain infrastructure, educational initiatives, and additional ways for users to put Bitcoin to work without giving up BTC exposure.

WBTC Now Available on ChangeNOW

WBTC is now supported on ChangeNOW, providing another access point for users looking to convert between BTC, WBTC, and other digital assets. As tokenized Bitcoin continues expanding across DeFi, additional swap infrastructure helps improve accessibility for users who want to participate in lending, borrowing, trading, and other onchain applications while maintaining Bitcoin exposure.

Swap for WBTC here: https://bit.ly/49WGrma

CoinEasy AMA: Bringing Bitcoin Into DeFi

WBTC joined CoinEasy Korea for a short AMA discussing how Bitcoin can participate in decentralized finance.

Topics included:

• Proof of Reserve transparency
• Security and custody architecture
• How WBTC enables Bitcoin utility across DeFi
• The future direction of BTCfi

Native WBTC vs OFT WBTC

As Bitcoin expands across multiple blockchain ecosystems, different infrastructure models serve different purposes. In June, we released an animated explainer covering the differences between Native WBTC and OFT WBTC.

Key concepts include:

• Native WBTC is minted through custody after BTC is deposited, with every token backed 1:1 by Bitcoin held in custody.
• OFT WBTC uses LayerZero messaging to coordinate WBTC movement across supported chains without issuing new supply on every transfer.
• Native WBTC focuses on issuance and custody.
• OFT WBTC focuses on cross chain mobility.

Both approaches help extend Bitcoin’s utility throughout DeFi while serving different infrastructure needs.

WBTC Decoded: Merchants

The latest installment of the WBTC Decoded series explains the role of merchants within the WBTC ecosystem.

Rather than relying on a single entity, WBTC separates responsibilities across multiple participants:

• Custodians secure the underlying BTC.
• Merchants facilitate minting and burning.
• The DAO oversees governance decisions.

This separation of responsibilities helps reduce operational concentration while maintaining transparency throughout the system.

WBTC Surpasses $1 Million in Borrow Positions on Vesu

WBTC borrow positions on Vesu surpassed $1 million, marking an important milestone for Bitcoin liquidity on Starknet. The milestone highlights continued demand for using Bitcoin as productive collateral within Layer 2 DeFi applications.

How SatsTerminal Uses WBTC

SatsTerminal published an educational walkthrough explaining how its Bitcoin backed lending flow works.

The simplified process:

1. Users deposit native BTC.
2. BTC is converted into WBTC behind the scenes.
3. WBTC is supplied as collateral across supported lending protocols automatically.
4. Users receive USDC while maintaining Bitcoin backed collateral.

The guide demonstrates one example of how tokenized Bitcoin can enable lending use cases without requiring users to manually manage multiple DeFi steps.

WBTC Liquidity on PancakeSwap

PancakeSwap launched a new liquidity incentive campaign that includes several WBTC trading pairs on Arbitrum.

Among the eligible pools are:

• WBTC/WETH
• WBTC/USDC

Liquidity pools play an important role in decentralized exchanges by improving trade execution, reducing slippage, and supporting efficient movement of assets across DeFi.

New Guide: How to Convert BTC to WBTC

We published a comprehensive guide covering multiple ways users can convert Bitcoin into WBTC depending on their preferred workflow.

The guide explains:

• Using centralized exchanges (CEX)
• Using decentralized exchanges (DEX)
• Using atomic swap providers

Each approach offers different tradeoffs between convenience, accessibility, and user experience

https://x.com/WrappedBTC/status/2061721851097907454

July will be another closely watched month for both traditional markets and digital assets.

Three developments are likely to shape market sentiment:

• Whether Bitcoin ETF flows begin to stabilize after recent outflows.
• Whether the U.S. Federal Reserve provides additional guidance on future interest rate decisions.
• Whether lawmakers advance the CLARITY Act before the August congressional recess.

While short term price movements remain difficult to predict, the longer term trend continues to center around Bitcoin’s growing role beyond simply being a store of value. As BTCfi infrastructure expands, Bitcoin is increasingly being used as collateral, liquidity, and productive capital across decentralized finance, with WBTC continuing to play a key role in connecting Bitcoin to that broader ecosystem.

Frequently Asked Questions

WBTC vs BTC Differences

BTC is the native asset of the Bitcoin network, while WBTC is a 1:1 multichain token used on smart contract chains like Ethereum, Solana, TRON and BNB.

How to use Bitcoin in DeFi

Use WBTC as collateral for loans, provide liquidity on DEXs to earn fees, or participate in automated yield-farming strategies. (e.g. Aave, Spark, Morpho, Concrete, Uniswap, PancakeSwap)

Watch here: https://www.youtube.com/watch?v=qcyjWbrEUUE

How to convert BTC to WBTC

Users can convert BTC to WBTC through supported CEXs, DEXs, or on-chain protocols. During the process, BTC is sent to the other party and an equivalent amount of WBTC is received by the user. (e.g. Binance, Bybit, Bitget, Uniswap, PancakeSwap)

WBTC Community

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Disclaimer: Information provided is for information purposes only and is not financial advice. No representation or warranty has been made as to the content, accuracy, timeliness, suitability or completeness of such information. Participation in DeFi carries risks, always do your own research.