Author: NBTC

Some $4 billion in assets has moved or is being moved to Chainlink’s CCIP bridge, a way to transfer tokens and data between blockchains, as the systems’ security faces heightened scrutiny after $292 million was drained from Kelp’s LayerZero-powered equivalent. Decentralized finance protocol Lombard is the latest firm to join the shift. The protocol is deprecating LayerZero and migrating more than $1 billion in bitcoin -backed assets to Chainlink’s Cross-Chain Interoperability Protocol, it said. Lombard issues two bitcoin-backed tokens, LBTC and BTC.b. The firm said the migration followed an internal security review after the April exploit. The move follows similar…

David Marcus, the former CEO of PayPal and the executive who led Meta’s shelved Libra digital currency project, is making a new push to rebuild banking on stablecoin rails. He now runs Lightspark, which has unveiled an API-based product that gives platforms and AI agents access to dollar accounts, payments and cards on top of Bitcoin and stablecoin infrastructure. The latest offering launch pushes Banking-as-a-Service into the stablecoin era, giving platforms and AI agents access to dollar accounts, payments and cards over Bitcoin-based rails instead of traditional bank stacks. The move marks a new phase in Marcus’s long-running effort to…

$SUI Network is starting to look like one of those projects whales accumulate quietly while retail traders argue over candles on social media. According to CryptoQuant data, large-volume buyers have been aggressively absorbing $SUI in the $0.80 to $1.00 range during recent consolidation phases, creating what traders now view as a major macro support pocket. Whale Wallets Quietly Load $SUI Positions The latest Spot Average Order Size data points toward heavy institutional-style accumulation inside the $0.90–$1.00 range. Instead of chasing pumps, larger players appear to be using sideways price action to build positions without sending the market vertical too early.…

United Kingdom politician Nigel Farage, the leader of the Reform Party, purchased a property valued at 1.4 British pounds ($1.8 million) after receiving a 5 million pound ($6.7 million) “personal gift” from crypto billionaire Christopher Harborne. The real estate deal closed in May 2024, several weeks before Farage announced that he was running for office in the general elections, according to Sky News. Farage is now facing a UK parliamentary probe over the 5 million pound gift, which critics of the politician say should have been declared and registered after he took office. The Reform Party and Farage maintain that…

Canaccord adds Bitcoin and Ethereum ETP access through Bitwise for wealthy UK clients. A 5% crypto exposure cap keeps allocations limited inside managed client portfolios only. Bitwise gains a UK wealth channel as crypto ETPs enter traditional managed portfolios. Canaccord Wealth UK has partnered with Bitwise Asset Management to offer Bitcoin and Ethereum exchange-traded products to high-net-worth clients. The new service limits crypto exposure to 5% of client portfolios and keeps allocations inside a managed wealth structure. Bradley Duke, Bitwise’s Head of Europe, disclosed the partnership in an X post. He said the arrangement gives selected Canaccord clients access to…

Google is done treating quantum computing as a future problem. On Tuesday, the company published a formal timeline for transitioning its entire infrastructure to post-quantum cryptography (PQC) by 2029—calling the move urgent and saying quantum frontiers “may be closer than they appear.” “As a pioneer in both quantum and PQC, it’s our responsibility to lead by example and share an ambitious timeline,” the blog reads. “Quantum computers will pose a significant threat to current cryptographic standards, and specifically to encryption and digital signature.” The announcement, signed by Google VP of Security Engineering Heather Adkins and Senior Cryptography Engineer Sophie Schmieg,…

Lombard Finance, one of the largest Bitcoin-native liquid staking platforms in DeFi, is moving more than $1B in Bitcoin-backed assets off LayerZero’s bridge infrastructure and onto Chainlink’s Cross-Chain Interoperability Protocol. The protocol plans to fully deprecate LayerZero from its cross-chain stack. The migration follows an April 2026 exploit that drained roughly $292M from KelpDAO’s rsETH product, which relied on LayerZero-based bridge infrastructure. A $4B vote of no confidence Across the DeFi ecosystem, approximately $4B in assets have either already migrated or are in the process of migrating from LayerZero-based bridges to Chainlink CCIP. Lombard’s internal security review reportedly concluded that…

Strategy, an investment company focused on cryptocurrencies and Bitcoin, has launched an investor vote on a significant change to the dividend payment structure for its STRC product. The company is proposing to replace the current monthly dividend model with a semi-monthly (twice-monthly) payment system. In a statement, company founder Michael Saylor urged investors to participate in the vote, saying, “You can now vote on the proposed semi-annual dividend adjustment for STRC. Make your voice heard and ensure your vote makes an impact.” According to an official statement from Strategy, if the proposal is accepted, STRC dividends will be distributed twice…

$XRP has delivered the strongest performance seen so far in 2026 in both its trading price and ETF flows this week. While its price achieved a major breakout past the $1.50 barrier, the asset was also showing strong demand from its institutional investors as the demand for the $XRP-based investment product reached notable levels this week. $XRP ETFs post highest weekly inflow Amid the growing demand for $XRP among both retail and institutional investors, $XRP ETFs saw a consistent influx of large capital over the past seven days. With the strong performances seen over the past week, the $XRP ETFs…

Coinbase stock surged 8% after the Senate Banking Committee advanced the CLARITY Act in a 15 to 9 bipartisan vote. The Senate Banking Committee passed the Digital Asset Market Clarity Act on May 14 by 15 votes to 9, with support from two Democratic senators providing the bipartisan margin that moves the bill toward the full Senate. Coinbase CEO Brian Armstrong had backed the current version of the bill ahead of the vote, calling it “closer than ever” to becoming law and describing the stablecoin yield compromise as a result “both sides left a little bit unhappy” with — a…