LayerZero suffered a $292M bridge exploit last month. Since then, over $4B in token value has quietly migrated directly to Chainlink CCIP. Lombard ($1B+), KelpDAO ($1.5B+), and Solv Protocol ($700M+) all made the move.

kraken went exclusive chainlink CCIP for all current and future wrapped assets. $4b+ migrated from layerzero in 48 hours after the $292m kelp exploit. ZRO dropped 20%+ on the exodus. the part that compounds: every protocol that wants kraken integration now has to build on CCIP. 47% of layerzero OApps were running the same 1-of-1 DVN config that got drained. 94% admin key overlap between layerzero labs and nethermind DVNs. production multisig keys were being used for shitter trading and LP provisioning. the bridge market just split into two tiers in a single weekend and the institutional tier has one provider

🚨MORE BREAKING $LINK NEWS: @CITADEL (MANAGER OF OVER $500 BILLION IN ASSETS) & SUSQUEHANNA INTERNATIONAL GROUP (MANAGER OF OVER $850 BILLION ASSETS) HAVE INTITIATED A STARTING POSITION IN THE @GRAYSCALE $LINK ETF AND BOUGHT ADDITIONAL CALL OPTIONS🚨 THE MAJOR INSTITUTIONS ARE NOW VALIDATING THE @CHAINLINK THESIS BY GOING LONG...

From left to right: Swift, Chainlink, Euroclear, DTCC

LayerZero is living up to its name… They’re losing $4B in value with projects migrating off their stack and rolling over to Chainlink. 1 major hack will do that, whether it was entirely their fault or not.

🚨 DeFi Alert! Lombard moves OVER $1 BILLION in BTC to Chainlink CCIP following the billion-dollar Kelp DAO hack. Trust in insecure bridges is over: LBTC and BTC.b will now only cross blockchains using Chainlink’s “burn-and-mint” standard, leaving LayerZero behind 🛑 This massive migration includes Solana, Etherlink, and more, joining the exodus from Kelp, Kraken, and Solv. Over $4B in assets are now being migrated! #DeFi #Chainlink #CryptoNews

Bitcoin Cash will activate the Layla upgrade today, one of the most significant technical upgrades in #BCH history. This upgrade is advancing BCH further as an on-chain system that combines scalable payment capabilities with powerful smart contract functionality. One of the most important changes is the introduction of bounded loops by BCH. This is a major breakthrough. Previously, developers could only implement complex logic by manually writing repetitive scripts. With bounded loops, developers can now build more sophisticated and advanced applications and DeFi protocols directly on-chain. Crucially, BCH achieves these capabilities without sacrificing low transaction fees. It continues to maintain: • Fast confirmations • Extremely low fees • On-chain scalability This is one of the most distinctive aspects of BCH’s roadmap. Meanwhile, the new Pay-to-Script (P2S) upgrade will make Bitcoin Cash more: • Programmable • Efficient • Better suited for future expansion This unlocks numerous possibilities: • Smarter transaction structures • More complex covenant protocols • Improved payment systems • Stronger on-chain financial infrastructure • Greater real-world use cases The Layla upgrade also introduces: • Reusable functions • Enhanced Script tooling capabilities This means that developing applications on BCH will be significantly easier for developers going forward. Lowering development barriers often leads to: • More builders • More projects • A more complete ecosystem growth While many other blockchains continue to struggle with high gas fees, congestion, and scaling challenges, BCH is striving to simultaneously advance: • Speed • Scalability • Smart contract capabilities • Real-world payment experience The Layla upgrade may well become a pivotal turning point in the long-term development of the Bitcoin Cash ecosystem.

$LINK has built the NETWORK with permissionlessness and uncensorability in mind from day 1, with revenue as something that comes later, while STILL being able to host compliant use cases the world’s biggest and most regulated institutions need, all on one base layer. The revenue lag is massively exacerbated by scale/build blitz programs - but this is absolutely the right move. The foundation needs to be able to hold the weight of the world’s digital activity, and I’ve never had more clarity on why it’s been done this way. If you ever find yourself bearish on $LINK go back and refresh yourself on the architecture and remind yourself of what this is.

AI-powered crypto attacks stole nearly $600 million in just two incidents last month, and investigators have linked these attacks to North Korean hacker groups.