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- ExtraOrdinal Daily #135 | Bitcoin Needs DeFi—And BOB Might Be the Answer
ExtraOrdinal Daily #135 | Bitcoin Needs DeFi—And BOB Might Be the Answer
XO Media | ExtraOrdinal Daily
February 28, 2025
28th Feb 2025 ||| Issue #135
ExtraOrdinals Daily Alpha is brought to you by @ExtraOrdinalsBTC.
All your Ordinal needs in one place!
Table of Contents
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Todays Top Stories
Editor: @PhoenixxDown
Bitcoin Needs DeFi—And BOB Might Be the Answer
Later today at 11:00 AM EST, we’re hosting @build_on_bob on XO Weekly #8 to dive into one of Bitcoin’s most exciting innovations. If you’ve been looking for ways to put your Bitcoin to work instead of just letting it sit in cold storage, BOB might be exactly what you need!
🎙️ Get Ready for XO Weekly #8
🦾 Special Guest @nikki_sunset from @build_on_bob!
We'll be diving into:
🔸 BOBs L2 merging the security of $BTC with the versatility of $ETH
🗞️ This weeks news
📉 Market insights w/ @CryptoLandySee you there! 🙌
x.com/i/spaces/1ypKd…
— ExtraOrdinals (@ExtraordinalBTC)
7:13 PM • Feb 26, 2025
BOB is a Bitcoin Layer 2 that combines Bitcoin’s security with the flexibility of Ethereum’s DeFi ecosystem. It allows users to move their BTC into DeFi, earn yield, participate in liquidity pools, and access dApps—all while staying connected to Bitcoin’s network.
Why People Are Excited About BOB
$250M+ Total Value Locked (TVL) – A strong indicator that users trust BOB with their assets.
"BOB Rise" Incentive Program – Launched yesterday with 750,000 OP tokens from Optimism to drive adoption.
Superchain Member – BOB is the only Bitcoin Layer 2 integrated into Optimism’s fast-growing Superchain ecosystem.
How Does BOB Work?
As BOB brings EVM compatibility to Bitcoin, developers familiar with Ethereum smart contracts can start building on it immediately. This cross-chain approach connects liquidity from both Bitcoin and Ethereum, unlocking deeper pools for DeFi users.
BOB is the Hybrid L2, combining the best of Bitcoin and Ethereum to put BTC at the heart of DeFi.
gobob.xyz
— BOB @ ETHDenver (@build_on_bob)
4:12 PM • Feb 27, 2025
For traders and hodlers, BOB’s HybridBTC vaults offer a way to store Bitcoin securely while earning yield. Instead of sitting idle, Bitcoin can now generate passive income without being converted into wrapped assets like WBTC.
The "BOB Rise" Incentive Program
Launched just yesterday, BOB Rise is a push to get more people using BOB’s DeFi tools. Backed by 750,000 OP tokens from Optimism’s Grant Season 6, it rewards users who bring BTC into the action.
We’re thrilled to announce BOB Rise, a DeFi campaign—powered by 750,000 OP tokens from @Optimism Grant Season 6.
This campaign rewards users who bring BTC to DeFi on BOB, the only Bitcoin L2 in the Superchain.
Here’s the details. 🧵
— BOB @ ETHDenver (@build_on_bob)
5:40 PM • Feb 27, 2025
How do you join? Deposit your BTC into supported platforms like Oku (Uniswap), Euler, HybridBTC.pendle (Veda), Gamma, or Hourglass. You’ll need a bit of ETH on Optimism for fees, and you can earn OP tokens as rewards.
And don’t forget, if you’re an XO holder, you are eligible for SPICE rewards! Check out the details below and make sure you follow all steps outlined.
See you later at XO Weekly #8, where we’ll also be joined by Null Ptr, the inspiration for yesterday’s feature on moon cycles!
BOB is one, if not the most, promising BTC L2 enabling easy solutions to start earning yield with your BTC holdings.
We are thrilled to announce all XO Unchained holders are now eligible for SPICE rewards! 🎁🪂
Make sure to complete the steps in their Discord… x.com/i/web/status/1…
— ExtraOrdinals (@ExtraordinalBTC)
11:41 PM • Feb 27, 2025
Top Posts | Bonded Runes From OdinFun Are Now Tradable On Runes.com
🚨BREAKING RUNES NEWS🚨
RUNES TECHNOLOGY IS INCREASING RAPIDLY 🟠🟠🟠
You can now trade bonded runes via Odin AMMs on Runes . com
— Runes.com (@runesdotcom)
11:03 PM • Feb 24, 2025
Top Posts | In Coco We Trust! It’s Not Over Yet
F&G Index hit 10 today.
If you're still here, stay. Its not over yet. Outlast the market manipulators and their shakeouts. Valhalla awaits.
— WhiteCoco4U (@CKing5678)
1:41 AM • Feb 27, 2025
Top Posts | Casey, Benny, and Domo all on an X Space. Let’s Make It Happen
What if…
What if we lived in a world where Casey, Benny & Domo all got along?
What if we lived in a world where instead of BRC20 vs Runes vs Tap it was just, Bitcoin fungibles?
What if we all stopped splitting our liquidity & fragmenting our own bags to 0, we worked together?… x.com/i/web/status/1…
— TheHawk (@PackBagPoints)
9:36 PM • Feb 27, 2025
Top Posts | The First $NAT Airdrops Have Been Delivered!
First $NAT airdrop to bitcoin miners just happened🚀
A new era is upon us, congrats to @AntPoolofficial !
— Matoshi | 131.btc (@Matoshi_x)
5:36 PM • Feb 27, 2025
Top Posts | Today in the Trenches: ???????
Sell a kidney if you must, but keep the Bitcoin.
— Michael Saylor⚡️ (@saylor)
4:11 AM • Feb 28, 2025
Top Posts | SimpleSwap Have Been Asking For KYC From Some Users
🚨🚨🚨🚨🚨🚨🚨🚨🚨Red Flag. Dont get your funds frozen by @SimpleSwap_io . 🚨🚨🚨🚨🚨🚨
They don't tell you in the terms and conditions that at anytime you will be asked to kyc and show proof of fund.
YES THEY HOLD YOUR FUNDS HOSTAGE !!!
Read on. To get the full story.— welcome007 (@_welcome007)
8:25 PM • Feb 27, 2025
Top Posts | Are We About To See a Big Turnaround For Bitcoin?
We're now about 1 month out from the projected First Cycle Top date of the Fibonacci Halvings which have been hyper-accurate for both the first and final tops of the cycle.
Can Bitcoin really make that big of a turnaround in just 30 days? It will be interesting to see.
If we've… x.com/i/web/status/1…
— CryptoCon (@CryptoCon_)
7:53 PM • Feb 27, 2025
Top Posts | BREAKING: PCE Inflation Falls To 2.5%
BREAKING: January PCE inflation, the Fed's preferred inflation measure, falls to 2.5%, in-line with expectations of 2.5%.
Core PCE inflation was 2.6%, in-line with expectations of 2.6%.
This marks the first decline in PCE inflation since September 2024.
— The Kobeissi Letter (@KobeissiLetter)
1:30 PM • Feb 28, 2025
Daily Bites: Today’s Top Articles
Todays Markets
Ordinals
Crypto took another nosedive last night, with Bitcoin dropping as low as $78,400, Ethereum sliding to $2,080, and Solana plunging to a shocking $126. For the latter, that’s a brutal 53% off its all-time high from just a month ago on January 19.
As we've seen countless times before, these sharp downturns push traders to offload riskier assets like Ordinals and Runes. Today is no different—OMB is down 12%, while Bitcoin Puppets, NodeMonkes, and Quantum Cats all hover around a 5% drop.
A new collection, Inflatables, minted yesterday—an algorithmic art project by Shaderism—and has managed to break into the top five with 209 sales. Not exactly ideal market conditions for a launch, but let’s see if it can hold up in the storm.
At the lower end of the rankings, Bitmap and Runestone are slightly up, while Based Angels takes a heavy hit, dropping below 0.005 BTC. These were holding steady around the 0.02 BTC range not long ago, which makes this feel like oversold territory—especially considering they’re one of the top mid-tier collections.
Runes (Bitcoin Memecoins)
Surprisingly, $MIM takes the biggest hit today, dropping 13% from yesterday’s issue and now sitting just above a $30M market cap. For context, it’s still around 10x behind $BRETT on Base and 6x behind $PNUT on Solana—an interesting gap to observe.
Meanwhile, $CYPHER and $GIZMO, two highly regarded Runes, are now scraping lows most wouldn’t have imagined possible. Predicting exactly when and how the turnaround happens is near impossible at this point, but when the rebound does come, expect these two to be leading the charge.
Todays Opportunities
Giveaways
There are currently two raffles live, so join the Discord below and make sure you have notifications on so you don’t miss out!
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