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Solv switches to Chainlink CCIP to secure $700M in wrapped Bitcoin assets amid bridge hack concerns

Market News
08 May 2026
Crypto Briefing
View Source
Bullish
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 prioritize stronger security and reduce systemic risk. Chainlink CCIP offers decentralized architecture and robust security guarantees, making it the default cross-chain communication layer for Solv's Bitcoin DeFi products. The transition also involves deprecating LayerZero support on several networks, reflecting a broader trend of DeFi protocols adopting Chainlink CCIP for institutional-grade security.

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Chainlink launches Fulcrum to streamline institutional financing across blockchains with cross-chain repo support.

Chainlink launches Fulcrum to streamline institutional financing across blockchains with cross-chain repo support.

Chainlink introduced Fulcrum, a platform that coordinates institutional financing and collateral-management transactions across multiple public and private blockchains. Fulcrum allows users to manage financing agreements separately from the settlemen...

Protocol Fundamentals
Bullish
5 hours ago
Grayscale and Bitwise boost Chainlink ETF holdings amid growing institutional interest and blockchain adoption.

Grayscale and Bitwise boost Chainlink ETF holdings amid growing institutional interest and blockchain adoption.

Grayscale increased its Chainlink (LINK) holdings by about 629,100 LINK worth $8.37 million in September, reflecting rising institutional demand through its Chainlink ETF. Bitwise also filed with the SEC to launch a Chainlink ETF that plans to stake ...

Market News
Bullish
6 hours ago
Altcoins like Uniswap and Aave surge after Standard Chartered's coverage with strong price targets.

Altcoins like Uniswap and Aave surge after Standard Chartered's coverage with strong price targets.

Standard Chartered's 2026 coverage of several altcoins has led to significant price gains, notably Uniswap (up 210%) and Aave (up 122%). The bank set ambitious long-term price targets for these tokens, reflecting confidence in decentralized finance g...

Analyst Insights
Bullish
9 hours ago
Top 5 cryptos for long-term investors: Bitcoin, Ethereum, Solana, Chainlink, and Hyperliquid.

Top 5 cryptos for long-term investors: Bitcoin, Ethereum, Solana, Chainlink, and Hyperliquid.

Institutional interest in cryptocurrencies is growing, driven by ETFs and genuine utility tokens. Bitcoin remains the foundational crypto with strong institutional demand and a capped supply, making it a core portfolio asset. Ethereum supports decent...

Market News
Bullish
9 hours ago
Grayscale’s Chainlink Trust ETF buys $2.36M more LINK, totaling $8.37M this month.

Grayscale’s Chainlink Trust ETF buys $2.36M more LINK, totaling $8.37M this month.

Grayscale’s Chainlink Trust ETF has purchased an additional $2.36 million worth of Chainlink (LINK) tokens, receiving 159,480 tokens from Coinbase Prime. This latest purchase brings the total LINK acquisitions for the month to at least 629,100 tokens...

Market News
Bullish
17 hours ago
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