The post Kraken migrates to Chainlink CCIP for kBTC appeared on BitcoinEthereumNews.com.
Kraken is deprecating its cross-chain provider and migrating to Chainlink CCIP as the exclusive infrastructure for its wrapped assets. Summary Kraken chose Chainlink CCIP for its ISO 27001 and SOC 2 compliance, 16 independent nodes, native rate limits, and enterprise-grade security standards. The migration covers Kraken Wrapped Bitcoin (kBTC) and all future Kraken wrapped assets deployed across DeFi protocols. The move follows similar migrations by Kelp, Solv, and Re after the $292 million KelpDAO exploit in April that hit a LayerZero-powered bridge. Kraken posted the announcement on X on May 14, confirming that Chainlink’s Cross-Chain Interoperability Protocol will become its exclusive bridge infrastructure going forward. The exchange did not specify a migration timeline but said the switch covers kBTC, its 1:1 Bitcoin-backed wrapped token, and all future Kraken wrapped assets that it plans to bri
The post Bitcoin Price Spikes Higher, But Consolidation Pattern Remains Intact appeared on BitcoinEthereumNews.com.
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical a
The post Kraken and Franklin Templeton partner to bring tokenized investment products onchain appeared on BitcoinEthereumNews.com.
One of the largest crypto exchanges and one of the oldest asset managers in the US just decided to build something together. Payward Inc., the parent company of Kraken, is partnering with Franklin Templeton to develop tokenized investment products that live on blockchain rails. The collaboration spans tokenized equities, actively managed yield products, and the integration of Franklin Templeton’s BENJI money market fund into Kraken’s digital asset infrastructure. What the partnership actually involves First, Kraken will integrate Franklin Templeton’s BENJI money market fund as a collateral asset and cash management tool for institutional clients. Institutional traders on Kraken will be able to park cash in a tokenized money market fund and use it as collateral, rather than letting dollars sit idle in an account earning nothing. Second, the two firms plan to
Bitcoin price started a fresh increase and cleared the $80,500 zone. BTC is consolidating and might aim for more gains above the $82,000 level. Bitcoin managed to stay above $78,800 and started a fresh increase. The price is trading above $80,500 and the 100 hourly simple moving average. There was a break above a bearish trend line with resistance at $80,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend gains if it stays above the $80,500 and $80,000 levels. Bitcoin Price Regains Strength Bitcoin price found support near $78,800 and started a fresh increase. BTC gained pace for a move above the $79,500 and $80,200 resistance levels. The bulls even pushed the price above $80,500. There was a break above a bearish trend line with resistance at $80,650 on the hourly chart of the BTC/USD pair. A high was formed at $82,017, and the price started a consolidation phase. There was a minor decline below the 23.6% Fib retracement level of the upward move
Binance's leadership shift may signal a strategic pivot towards DeFi and self-custody, impacting its marketing and partnership strategies.
The post Binance CMO Rachel Conlan to depart on June 15 after three years appeared first on Crypto Briefing.
Osero's funding and innovative approach could reshape DeFi by enhancing stablecoin yield options, potentially attracting more mainstream adoption.
The post Osero raises $13.5M led by Sky Ecosystem to build stablecoin savings on Plasma appeared first on Crypto Briefing.
This partnership could accelerate institutional adoption of blockchain, bridging traditional finance with crypto through regulated, tokenized assets.
The post Kraken and Franklin Templeton partner to bring tokenized investment products onchain appeared first on Crypto Briefing.
The post 3 Altcoins That Benefit Most From the CLARITY Act and Why appeared on BitcoinEthereumNews.com.
The Crypto Market Structure Bill, CLARITY Act, passed the Senate Banking Committee on Thursday. The vote sends the crypto market structure bill toward a full Senate floor test and resets risk profiles for altcoin holders. Three tokens stand out as direct beneficiaries with profiles that fit the bill’s grandfather clauses, decentralization tests, and DeFi protections. Meanwhile, XRP, Solana, and Hyperliquid each align with the mechanics that the legislation favors. XRP Lands a Path Out of SEC Limbo XRP, the native asset of the Ripple network, sits closest to the bill’s grandfather clause. That language fast-tracks commodity status for tokens with approved or pending ETF products, sidestepping the full mature-blockchain test. Historically, secondary-market XRP sales have drawn SEC scrutiny. The bill ends that exposure for tokens meeting the new commodity definition. XRP Price Performan
The post Warren Pushes SEC Probe as CLARITY Act Faces Final Hurdles appeared on BitcoinEthereumNews.com.
Senator Elizabeth Warren called on the SEC to investigate a Trump family-linked crypto business. The comments came during the Senate Banking Committee markup of the CLARITY Act. Reports said DeFi rules, BRCA language, and Democratic support became key late-stage issues. Senator Elizabeth Warren called on the SEC to investigate a crypto company linked to President Donald Trump’s family as the CLARITY Act faced a tense Senate Banking Committee markup. Her remarks added fresh pressure to a bill already caught between ethics concerns, DeFi rules, and late-stage amendment fights. The dispute raised a direct question for crypto markets: Will the CLARITY Act stall before reaching the Senate floor? Current signs show the bill can still move, but its bipartisan path has narrowed as Democrats press for stronger guardrails on conflicts of interest and market oversight. Warren Raises Trump Cry