Following the KelpDAO exploit, several protocols including KelpDAO itself migrated to Chainlink's CCIP on LayerZero's network, driving the highest-ever daily active addresses to 80.43K, surpassing the previous 67K record. This surge increased protocol fees converted into LINK tokens, generating over $5 million in buy volume and boosting Chainlink's reserve to 3.66 million LINK. The increased activity and buybacks are creating buying pressure and a potential supply squeeze, while Chainlink ETFs show steady inflows. Despite price pressure near $9 support, signs of recovery suggest a possible market shift for LINK.
The BNB Chain sector saw a 4.8% decline in market capitalization over the past week, falling below $170 billion to approximately $165.9 billion. Most major BEP-20 tokens, including BNB, Chainlink, and Shiba Inu, experienced losses, while MemeCore gai...
The crypto market is showing tentative signs of recovery after recent sell-offs triggered by geopolitical tensions and market volatility. Bitcoin remains stable around $77,000 with minimal gains, indicating traders are cautious about a full recovery....
Tenbin Labs has deprecated LayerZero and migrated to Chainlink's Cross-Chain Interoperability Protocol (CCIP) after an internal security audit triggered by recent industry cross-chain incidents. Chainlink CCIP offers enhanced security with 16 indepen...
Digital asset investment products experienced $1.07 billion in outflows last week, driven mainly by geopolitical tensions related to Iran. Bitcoin led withdrawals with $982 million leaving its products, while Ethereum saw $249 million in outflows, it...
More than $545 million in leveraged crypto positions were liquidated within 24 hours, mainly affecting long positions in Bitcoin and Ethereum. This large-scale deleveraging reflects traders' bullish bets unraveling amid modest price declines, with Bi...
