Kelp DAO announced it will migrate its cross-chain infrastructure to Chainlink's CCIP following a $300 million exploit linked to LayerZero. Kelp disputed claims that its own setup caused the breach, attributing the attack to vulnerabilities in LayerZero's infrastructure instead. The exploit involved manipulation of LayerZero's off-chain systems, leading to unauthorized minting and fund extraction. Kelp paused contracts quickly to limit losses and criticized LayerZero's inconsistent post-attack responses. The move to Chainlink reflects a broader effort to enhance cross-chain security and restore user trust, with a forensic report forthcoming.
Bitcoin fell below the key $75,000 level, sparking a sharp selloff across major cryptocurrencies including Ethereum and top altcoins. This drop triggered around $400 million in liquidations of leveraged long positions, intensifying market panic. The ...
Chainlink has announced a major expansion of its core services, including CCIP, CRE, Data Streams, and Data Feeds, across five blockchain networks such as Creditcoin, Neo X, Tempo, and Ink. This expansion enhances cross-chain interoperability, allowi...
Hyperliquid (HYPE) has reached a new all-time high, surpassing the $62 mark due to a significant surge in momentum. This price jump indicates growing investor interest and confidence in the asset. The strong upward movement could attract more buyers,...
Bitcoin and Ethereum prices remained stable over the weekend, with Bitcoin trading between $76,100 and $78,000 and Ethereum struggling to break out, indicating low volatility in major cryptocurrencies. Meanwhile, AI-focused tokens like Near Protocol ...
Chainlink has reached a new milestone by securing over $110 billion in onchain value, split between $60 billion in cross-chain tokens via its Cross-Chain Interoperability Protocol (CCIP) and $50 billion in DeFi data feeds. This highlights Chainlink's...
