Daily Market Updates: BitGo transfers $7.4B Wrapped Bitcoins to Chainlink CCIP

Crypto

Home›Crypto›Market Structure›BitGo transfers $7.4B Wrapped Bitcoins to Chainlink CC…

BitGo transfers $7.4B Wrapped Bitcoins to Chainlink CCIP

The latest transfer brings the total value migrating from LayerZero to Chainlink to nearly $15 billion, with Wrapped Bitcoin as the largest shift so far.

Reported · Written up by our desk · Market Structure

BitGo has moved $7.4 billion worth of Wrapped Bitcoins to Chainlink using CCIP, according to The Block.

The outlet said the transfer is part of a broader migration away from LayerZero, and that the accumulated value shifted to Chainlink is now close to $15 billion.

The Block added that Wrapped Bitcoin represents the largest single shift yet in this migration.

Latest closeBitcoin $81,906.63 ▼1.4%

← Newer storyDinari launches tokenized S&P 500 stocks for US self-custody wallets Older story →Fake World Assets switches to 80% fee buybacks after token selloff

More like this

CryptoBase apps can embed variable-rate stablecoin lending and crypto loans

CryptocirBTC borrowing on Morpho tops $190 million as USDC usage shifts

CryptoKSD platform integration targets Avalanche and Hyperledger stacks

CryptoEthereum Name Service proposes ENSv2 activation without forcing .eth migration

CryptoBitcoin exchange supply fell as price held near $83,485

Sources

The BlockBitGo moves $7.4 billion Wrapped Bitcoins to Chainlink CCIP in latest LayerZero exodus

Crypto

BitGo transfers $7.4B Wrapped Bitcoins to Chainlink CCIP

More like this

Sources

Get the close, explained.