The Defiant·
Will Warren is transitioning out of his co-CEO role at 0x, the DEX protocol powering billions in monthly trading volume across Coinbase, Robinhood, Phantom, and Kraken.
Read full articleKraken is deprecating its existing cross-chain infrastructure and moving exclusively to Chainlink CCIP to secure Kraken Wrapped Bitcoin (kBTC) and all future wrapped assets.
kBTC joins a growing list of crypto assets that have abandoned LayerZero in favor of alternative interop solutions.
Coinbase plans to expand USDC adoption on Hyperliquid while Native Markets gradually "sunsets" USDH.
Bitcoin’s $79,000 defense proves that the Coinbase discount is driven by stablecoin volatility rather than a lack of institutional demand.
Bitcoin rose 3% and Coinbase stock surged more than 8% as the Senate Banking Committee advanced the most consequential crypto market structure bill in U.S. history. Substantial hurdles remain before it becomes law.
Crypto exchange Kraken is the latest firm to shift away from LayerZero tech following last month's $292 million Kelp DAO exploit.
Native Markets won a competitive governance vote in September to issue USDH on Hyperliquid, beating Paxos and others by arguing ecosystem alignment over financial terms. Eight months and $100 million in supply later, it is selling its brand assets to Coinbase as USDC becomes the protocol's canonical quote asset.
After last year’s messy split from USDC, Hyperliquid is reconnecting with old friends as Coinbase and Circle return to the center of its trading ecosystem.
