Rift Secures $8 Million from Paradigm to Promote Native Bitcoin Transactions on Ethereum

ETH

ETH/USDT

$2,113.64

-7.22%

$2,113.64

-7.22%

(24s)

24h Volume

$37,939,871,804.04

24h H/L

$2,293.99 / $2,068.20

Change: $225.79 (10.92%)

Long/Short

79.4%

Long: 79.4%Short: 20.6%

Funding Rate

+0.0040%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,087.22

▼ -2.84%

Volume (24h): -

Resistance Levels

Resistance 3$2,820.15

Resistance 2$2,294.17

Resistance 1$2,149.26

Price$2,087.22

Support 1$2,068.20

Support 2$1,940.12

Support 3$1,532.78

Pivot (PP):$2,109.73

Trend:Downtrend

RSI (14):22.5

COINOTAG News reports that on November 8, Rift, a peer-to-peer Bitcoin transaction protocol, disclosed an $8 million funding round led by Paradigm. The investment is earmarked to advance native Bitcoin transactions on Ethereum and other platforms, underscoring a push toward cross‑chain settlement.

With Paradigm backing, Rift aims to strengthen interoperability between Bitcoin rails and smart-contract ecosystems, focusing on secure liquidity, minimal trust, and scalable execution. The move could expand on-chain Bitcoin usage and DeFi composability.

Market observers will monitor development milestones, security audits, and integration progress across major platforms to assess credibility and adoption potential. The funding signals a pragmatic stance toward Bitcoin-native infrastructure within multi-chain markets.