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Solv switches to Chainlink CCIP to secure $700M in wrapped Bitcoin assets amid bridge hack concerns
Solv Protocol is migrating its cross-chain infrastructure from LayerZero to Chainlink CCIP to enhance security for over $700 million in wrapped Bitcoin assets. This move follows multiple bridge-related hacks in the crypto space, prompting Solv to pri...
Bitcoin and Ethereum see $680M net outflows as capital shifts to stablecoins amid market caution
Bitcoin and Ethereum experienced significant net outflows of $329.6 million and $357.4 million respectively, as investors moved capital into stablecoins like USDT and USDC, which saw net inflows of $46.1 million and $43.6 million. This shift reflects...
Solv Protocol shifts $700M+ tokenized Bitcoin to Chainlink CCIP amid bridge security concerns
Solv Protocol is moving over $700 million in tokenized Bitcoin assets from LayerZero bridges to Chainlink CCIP after reviewing security risks highlighted by recent DeFi bridge exploits, including the Kelp DAO rsETH hack. This migration affects SolvBT...
Bitcoin dips below $80K amid US-Iran tensions and record negative funding rates in crypto futures
Bitcoin fell to around $79,600 after reaching a high of $81,500 earlier this week, triggered by renewed US-Iran tensions following US strikes on Iranian targets. Despite the pullback, Bitcoin remains up 3.3% for the week. Crypto futures have seen 67 ...
Bitcoin exchange reserves drop as trading shifts to Asia and Europe, signaling changing liquidity.
Bitcoin reserves on major exchanges fell by over 2,100 BTC in 24 hours, continuing a month-long decline of nearly 42,000 BTC. Trading volume surged in Asia and Europe, with Europe leading at over $1 billion, while U.S. volume dropped 61%. This shift ...
Venice Token rallies amid strong capital inflows despite criticism of its dual-token model.
Venice Token (VVV) has seen significant investor interest recently, with strong buying activity in both spot and perpetual markets driving its price up about 13% in a day. This rally is supported by fresh capital inflows and growing market confidence...
BlackRock files XRP trust product as $120M flows into XRP ETPs, signaling rising institutional interest amid regulatory hopes.
BlackRock recently filed for an XRP trust product, joining firms like Grayscale and 21Shares in offering regulated institutional exposure to XRP. This move coincides with $120 million flowing into XRP exchange-traded products (ETPs) last week, repres...
Solana meme coin HANTA jumps over 1,100% amid $22B daily DEX volume surge
Solana-based meme coin HANTA surged over 1,100% in 24 hours, driven by a spike in decentralized exchange (DEX) activity reaching $22.46 billion in daily volume. This rally highlights strong speculative interest in high-volatility tokens despite some ...
Ethereum use on Wall Street grows as tokenized U.S. Treasuries exceed $8 billion.
The adoption of Ethereum technology on Wall Street is accelerating, highlighted by the value of tokenized U.S. Treasury securities surpassing $8 billion. This growth reflects increasing institutional interest in blockchain-based financial products, w...
BitMine signals slower Ethereum buying after nearing 5% supply target, shifting focus to buybacks and staking yield.
BitMine Immersion Technologies is slowing its Ethereum accumulation after nearing its self-imposed 5% supply target, holding over 5 million ETH or about 4.29% of total supply. The company is shifting focus toward a $4 billion share buyback program an...
