Crypto startup Rift has secured a $8 million funding round led by Paradigm, a major cryptocurrency investment firm. This capital will be used to enhance its peer-to-peer bitcoin trading capabilities on the Ethereum blockchain, potentially impacting both the BTC and ETH markets. Rift aims to provide native Bitcoin transactions within the Ethereum ecosystem. This initiative has the potential to revolutionize Bitcoin liquidity access on Ethereum, creating new trading avenues. The investment from Paradigm signals market confidence in Rift’s vision. While the precise mechanisms of Rift’s integration are not yet disclosed, the strategy resembles previous initiatives like Wrapped Bitcoin and RenVM, which significantly increased Total Value Locked (TVL) on Ethereum platforms.**