📢 Kraken Picks Chainlink for $3B Migration

Kraken is moving over $3B in assets to Chainlink CCIP, replacing LayerZero as the bridge provider for kBTC and future wrapped assets.

• Chainlink CCIP becomes the exclusive bridge for kBTC
• More than $3B in TVL expected to migrate
• Move follows the $292M Kelp exploit tied to LayerZero infrastructure

📢 Crypto liquidations reached $112.86M over the past four hours, with short positions accounting for $98.65M of the total.

📢 The CLARITY Act now has a 69% probability of becoming law this year.

📢 The U.S. Strategic Petroleum Reserve declined by roughly 8.6 million barrels last week, marking the largest weekly drawdown on record and extending its streak to seven straight weeks of declines.

📢 The total crypto market capitalization has climbed back above $2.71 trillion.

📢 Bitcoin ETFs saw $131M in inflows on Thursday as the CLARITY Act moved forward in the Senate.

Following heavy ETF outflows in recent weeks, institutional demand appears to be picking up again.

📢 According to Santiment, XRP whales are accumulating at their strongest pace since 2018, now holding 45.83B tokens valued at $68.5B as XRP targets the $1.50 level.

📢 According to Santiment, Bitcoin exchange supply remains at 5.6%, its lowest level since 2018, while Ethereum exchange supply has risen slightly to 4.6%.

📢 KOSPI dropped 6% after briefly moving above the 8,000 level, as investors sold off AI-focused technology stocks.

📢 Boeing shares have fallen 4.7% since Donald Trump stated that China would purchase 200 aircraft.

📢 NVIDIA is now under $300B away from becoming the world’s first company to reach a $6 trillion valuation.

📢 According to ZachXBT, THORChain has suffered exploits across Bitcoin, Ethereum, BSC, and Base, with losses exceeding $10M.

📢 Japan’s 30-year government bond yield has climbed above 4% for the first time ever.

📢 The UK 10-year government bond yield has reached its highest level since 2008, currently standing at 5.137%.

📢 More than $200M in long positions were liquidated within the last hour.

📢 Strategy announced a $1.5B buyback of its 2029 convertible bonds, along with a proposed adjustment to STRC dividend terms.

📢 ZachXBT reports that alleged threat actor Dritan Kapplani Jr transferred $2.59M in stolen funds earlier today.

📢 The U.S. stock market erased nearly $1 trillion in market capitalization during today’s trading session.

📢 If Bitcoin maintains $60,000 as its cycle bottom, it would mark the mildest bear market the asset has ever experienced.

📢 In ChatGPT, OpenAI added a personal finance experience that enables US Pro users to link bank accounts and monitor expenditures.