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.
A large Chainlink whale accumulated 1.58 million LINK tokens worth about $13.3 million by withdrawing from Binance, reducing exchange supply and signaling confidence. Despite this, LINK's price remained stable above the $8.18 support level without a ...
Ethereum spot ETFs attracted $103.9 million in net inflows last week, continuing strong institutional demand despite market volatility. In contrast, Bitcoin ETFs saw a sharp decline in weekly inflows to $33.79 million after heavy outflows midweek, wi...
Ethereum exchange-traded funds (ETFs) led crypto fund inflows last week with $103.9 million, marking a third consecutive week of strong demand. Bitcoin ETFs saw declining inflows, dropping to $33.79 million amid two days of significant outflows. Mean...
United Stables has chosen Chainlink as its official data and cross-chain infrastructure provider to improve security for its native stablecoin on the BNB Chain. This adoption aims to strengthen the security standards of the stablecoin, ensuring safer...
Large holders have added over 14 million LINK tokens in the past three weeks, signaling growing confidence despite recent market consolidation. This accumulation, combined with steady outflows from exchanges, suggests investors prefer holding rather ...
