Search results for Kelp DAO
Crypto
Solv Protocol ends LayerZero support, selects Chainlink CCIP for bridge infrastructure
Solv Protocol, a Bitcoin-focused DeFi project, is switching its cross-chain infrastructure from LayerZero to Chainlink. The project is phasing out LayerZero support for SolvBTC and xSolvBTC on Corn, Berachain, Rootstock and TAC, and has selected Chainlink CCIP as its official cross-chain infrastructure. Solv said it reviewed its existing bridge after recent security incidents and concluded CCIP offers the strongest security through reinforced architecture, risk controls and pre-monitoring.
Crypto
Ethereum stuck near $2,300 as retail selling weighs despite whale accumulation
Ethereum is trading above the $2,300 level but has struggled to break higher as selling pressure from retail investors persists. While whales and companies such as BitMine continue to accumulate, retail investors are exiting through Binance, limiting upside. Market sentiment remains neutral and price has moved in a narrow range. Sell walls have formed above $2,330, while support is seen near $2,200. Open interest has declined, and Ethereum’s market share has slipped.
Crypto
Risk assets slide as oil rises; bitcoin pulls back below $80,000
Bitcoin retreated to about $77,600 after failing to break the $80,000 level, down 0.7 percent since midnight UTC, CoinDesk reported. Risk assets weakened as oil rose 1.5 percent to $103 a barrel after reports the United States seized three Iranian tankers in Asian waters. Ether fell 2.5 percent to $2,320. Futures open interest eased but remained high, while negative perpetual funding pointed to bearish leverage.
