Circle has entered the wrapped Bitcoin arena with cirBTC, a 1:1 BTC-backed ERC-20 token on Ethereum mainnet built to challenge the long-dominant WBTC and the fast-rising cbBTC. Launch date: June 8, 2026 Chain: Ethereum mainnet Backing: 1:1 Bitcoin held in regulated custody Verification: Chainlink Proof of Reserve, in real time Target users: Institutions, OTC desks, […]
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Kraken drops LayerZero for Chainlink CCIP in a wrapped Bitcoin security shift Kraken is phasing out LayerZero and moving its wrapped asset infrastructure to Chainlink CCIP, a move that puts security, compliance, and risk controls ahead of convenience. The exchange says the switch will cover Kraken Wrapped Bitcoin (kBTC) and future wrapped assets, signaling that […]
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Kraken is swapping LayerZero for Chainlink’s Cross-Chain Interoperability Protocol, or CCIP, to secure kBTC and other wrapped assets. It’s a small-sounding infrastructure change with a big message: when Bitcoin moves beyond its native chain, the rails matter as much as the asset itself. Kraken is moving kBTC and other wrapped assets to Chainlink CCIP from […]
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Kraken is moving its wrapped Bitcoin product to Chainlink CCIP, a pretty clear sign that crypto’s cross-chain plumbing is finally getting treated like the security-sensitive mess it always was. Kraken is migrating kBTC and future wrapped assets to Chainlink CCIP. The exchange is ending its legacy cross-chain provider relationship. Security, risk controls, and broader DeFi […]
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Solv Protocol has switched its wrapped Bitcoin infrastructure from LayerZero to Chainlink CCIP, putting more than $700 million in BTC-backed assets under a new cross-chain security model. Solv moved wrapped Bitcoin infrastructure from LayerZero to Chainlink CCIP More than $700 million in BTC-backed assets is now tied to the new setup Security and trust are […]
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Trusted Volumes, a DeFi RFQ trading protocol, was hit by a sharp-edged exploit that drained nearly $5.9 million in ETH, WBTC, and stablecoins after a flaw in its signature validation logic let an attacker forge orders and bypass authorization. About $5.9 million drained from Trusted Volumes 1,291 ETH, 16.94 WBTC, USDC, and USDT stolen Signature […]
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Bitcoin as Collateral: Unlocking Yield and Liquidity for Institutions Bitcoin, the original cryptocurrency that flipped the bird at traditional finance, is now being embraced by institutional giants as a legitimate asset for collateral, opening up new avenues for liquidity and yield. This trend signals a major evolution in how Bitcoin is perceived—not just as digital […]
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SUI Price Surge Sparks Hype, But Digitap ($TAP) Focuses on Real-World Crypto Utility Bitcoin remains the gold standard of decentralized money, but the crypto market never sleeps, with altcoins like SUI riding waves of speculation while projects like Digitap ($TAP) aim to solve everyday financial pain points. SUI’s recent price pump has traders buzzing, yet […]
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Coinbase and BiT Global Settle wBTC Delisting Lawsuit: A Wake-Up Call for Crypto Coinbase and BiT Global have called a truce in their bitter legal feud over the delisting of wrapped Bitcoin (wBTC) from Coinbase’s platform in 2024, a clash that ripped open the ugly underbelly of trust and power struggles in the crypto world. […]
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Coinbase Triumphs in Court Over Bit Global, Labels Justin Sun a Risk In a significant legal victory, Coinbase successfully defended itself against a lawsuit from Bit Global, a company associated with the controversial crypto figure Justin Sun, concerning the delisting of Wrapped Bitcoin (wBTC). Coinbase delists wBTC due to ties with Justin Sun Court dismisses […]
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