BitGo has replaced LayerZero with Chainlink's Cross-Chain Interoperability Protocol (CCIP) as the exclusive provider for cross-chain transfers of Wrapped Bitcoin (WBTC), worth $7.3 billion. This migration increases the total value of assets moving from LayerZero to Chainlink CCIP to about $14.6 billion, following security concerns after a major exploit earlier this year. The new setup allows BitGo to maintain direct control over token contracts, transfer limits, and operational settings, enhancing security and operational oversight. The migration is part of BitGo's broader strategy to expand institutional digital asset services and improve cross-chain infrastructure, though no timeline for full deployment has been disclosed yet.
BitGo is moving $7.3 billion of wrapped Bitcoin (WBTC) cross-chain operations from LayerZero to Chainlink's Cross-Chain Interoperability Protocol (CCIP), making Chainlink the exclusive infrastructure for WBTC. This transition consolidates BitGo's tok...
Chainlink Labs has appointed Katherine Kirkpatrick Bos as its new Head of Legal, bringing extensive experience from both centralized finance (CeFi) and decentralized finance (DeFi). Bos previously served as General Counsel at StarkWare and Maple Fina...
BitGo, the custodian behind Wrapped Bitcoin (WBTC), has chosen Chainlink's Cross-Chain Interoperability Protocol (CCIP) as the exclusive technology to bridge WBTC and future wrapped assets across blockchains. This move gives Chainlink a dominant role...
XRP spot ETFs continued to attract inflows for the fourth consecutive day, led by Canary's XRP product, highlighting growing investor interest and a notable share of XRP's market cap held in ETFs. In contrast, Hyperliquid ETFs experienced net outflow...
Chainlink's market cap remains steady near $6.25 billion with daily trading volume around $215 million, indicating normal liquidity. Significant whale activity shows long-term accumulation, with one whale moving 266,414 LINK worth $2.15 million into ...
