Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Solv Protocol migrates $700 million worth of bitcoin to Chainlink CCIP

Solv Protocol migrates $700 million worth of bitcoin to Chainlink CCIP

AiCoinAiCoin2026/05/07 15:03
Show original
Solv Protocol has migrated Bitcoin tokens worth $700 million from the LayerZero bridge to Chainlink's CCIP due to security audits and recent cross-chain attacks. Kelp DAO also took similar action after its LayerZero bridge suffered a $292 million attack. LayerZero and Kelp have blamed each other for the bridge's single validator setup. The total migration by Solv and Kelp amounts to nearly $1 billion in assets moved to Chainlink CCIP.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Barclays Sounds the Alarm: Dual Impact of Stronger Dollar and Volatile Interest Rates May End Carry Trade's "Sweet Spot"

Barclays expects G10 currency volatility to rise and remain elevated, noting that carry trade returns have declined since the end of August. The bank warns against bottom fishing and suggests that emerging market currencies may undergo repricing.

智通财经•2026/10/27 23:26
Barclays Sounds the Alarm: Dual Impact of Stronger Dollar and Volatile Interest Rates May End Carry Trade's "Sweet Spot"

Meta's $25 billion stock offering oversubscribed by 5 times, with over half allocated to long-term investors and existing shareholders

According to media reports, the 15 largest investors in this offering hold approximately 70% of the issued shares, indicating that large institutional investors are the main driving force behind this fundraising. The offering was priced at $625 per share, representing a 2.7% discount to last Friday's closing price prior to the issuance announcement. However, on Tuesday, Meta closed down 1.64% at $620, already falling below the offering price.

华尔街见闻•2026/10/27 23:21
Meta's $25 billion stock offering oversubscribed by 5 times, with over half allocated to long-term investors and existing shareholders

Cerebras (CBRS.US) secures major Oracle deal: to be deployed in 2027, share price jumps 10% at one point

Oracle (ORCL.US) will provide cloud services based on Cerebras (CBRS.US) computers in its data centers, bringing another major client to this emerging company that challenges Nvidia’s dominance in AI hardware.

智通财经•2026/10/27 23:21
Cerebras (CBRS.US) secures major Oracle deal: to be deployed in 2027, share price jumps 10% at one point