Kraken to Migrate Wrapped Bitcoin Tech to Chainlink as LayerZero Exodus Expands

BTC

BTC/USDT

$75,498.60

+8.04%

$75,498.60

+8.04%

(24s)

24h Volume

$40,446,968,978.63

24h H/L

$75,785.82 / $69,506.91

Change: $6,278.91 (9.03%)

Long/Short

51.0%

Long: 51.0%Short: 49.0%

Funding Rate

+0.0050%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$75,352.59

▲ 3.18%

Volume (24h): -

Resistance Levels

Resistance 3$78,568.57

Resistance 2$76,859.07

Resistance 1$75,785.82

Price$75,352.59

Support 1$73,884.38

Support 2$72,752.83

Support 3$70,151.58

Pivot (PP):$71,775.79

Trend:Uptrend

RSI (14):83.3

Decrypt Editorial

(06:09 PM UTC)

1 min read

Kraken will migrate its wrapped Bitcoin product, kBTC, from LayerZero to Chainlink's interoperability protocol.
The asset maintains a market cap of more than $260 million, and Kraken said it will use Chainlink for future wrapped assets, as well.
LayerZero admitted it "made a mistake" with Kelp DAO's setup, which was exploited for $292 million in April.

Crypto exchange Kraken is the…