Search result for: "BTC"

Bitcoin layer-2s face a bear-market reality check

Jun 22, 2026 Twila Rosenbaum

Botanix's wind-down signals a harsh reality for Bitcoin layer-2 projects. General-purpose programmable BTC ecosystems are struggling, but bitcoin-backed lending, staking, and yield products continue to attract demand. The shift underscores that during bearish sentiment, users primarily value Bitcoin as a store of value rather than a platform for complex DeFi applications.

Kraken joins LayerZero exodus as it switches to Chainlink CCIP

May 17, 2026 Twila Rosenbaum

Cryptocurrency exchange Kraken has announced its switch from LayerZero to Chainlink's Cross-Chain Interoperability Protocol (CCIP) following the April Kelp DAO exploit that saw $292 million stolen. Kraken will use CCIP for its Kraken Wrapped Bitcoin (kBTC) and future wrapped tokens. The move is part of a broader exodus as protocols like Kelp DAO, Solv Protocol, and Re also migrate to CCIP, citing enhanced security. LayerZero's native token ZRO has dropped over 80% from its peak.

Bitcoin layer-2s face a bear-market reality check

Kraken joins LayerZero exodus as it switches to Chainlink CCIP

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