Wbtc

BitGo is set to replace LayerZero with Chainlink CCIP as the exclusive cross-chain provider for WBTC, adding major weight to a broader infrastructure migration. The announced LayerZero-to-Chainlink shift now covers roughly $14.6 billion following heightened scrutiny after the Kelp DAO bridge exploit.

Bitcoin and ether held on centralized exchanges have fallen to their lowest levels in years, a condition once treated as a powerful bullish setup. Market structure has changed, however, as ETFs, institutional custody and DeFi now move coins away from exchanges without necessarily removing liquidity from the market.