coin-img-ETHETH+5.12%coin-img-BTCBTC+3.25%coin-img-SOLSOL+3.54%coin-img-XRPXRP+3.15%coin-img-USDCUSDC-0.02%coin-img-TRXTRX+0.36%coin-img-HYPEHYPE+5.07%coin-img-DOGEDOGE+2.59%coin-img-ETHETH+5.12%coin-img-BTCBTC+3.25%coin-img-SOLSOL+3.54%coin-img-XRPXRP+3.15%coin-img-USDCUSDC-0.02%coin-img-TRXTRX+0.36%coin-img-HYPEHYPE+5.07%coin-img-DOGEDOGE+2.59%coin-img-ETHETH+5.12%coin-img-BTCBTC+3.25%coin-img-SOLSOL+3.54%coin-img-XRPXRP+3.15%coin-img-USDCUSDC-0.02%coin-img-TRXTRX+0.36%coin-img-HYPEHYPE+5.07%coin-img-DOGEDOGE+2.59%coin-img-ETHETH+5.12%coin-img-BTCBTC+3.25%coin-img-SOLSOL+3.54%coin-img-XRPXRP+3.15%coin-img-USDCUSDC-0.02%coin-img-TRXTRX+0.36%coin-img-HYPEHYPE+5.07%coin-img-DOGEDOGE+2.59%

Chainlink Named Aave's Default Cross-Chain Provider as $720M Departs LayerZero

AI Market Summary
Chainlink becoming AAVE's default cross-chain solution, alongside a reported $720M exit from LayerZero, signals meaningful market-share rotation in cross-chain infrastructure and a potential increase in LINK's protocol entrenchment. Concurrent spot ETF inflows (BTC and ETH), large USDC issuance on Solana, and broker access expansion support near-term liquidity and risk appetite, partially offset by sanctions-related asset freezes and a DAI loss from a smart-contract bug.
Impact level
● High
Affected assets
LINK/USDT+5.34%
AI Insight · LINK/USDTAI Insight
▲ Bullish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
CryptoSlate, July 15: 1. Chainlink has been selected as Aave's default cross-chain solution, replacing LayerZero as $720 million in value exits LayerZero. 2. Bitcoin spot ETFs posted $181 million in net inflows yesterday; Ethereum spot ETFs recorded $58.3385 million in net inflows. 3. The United States has frozen $131 million in crypto assets linked to Iran. 4. SBI has formed a strategic partnership with Doppler Finance to strengthen Japan's XRP-focused financial infrastructure. 5. Drips Network lost 24,882.99 DAI after an integer conversion vulnerability was exploited. 6. South Korea's Ministry of Finance said it will modernize treasury management. 7. Circle minted about $750 million of USDC on Solana, with cumulative minting projected to reach $69.01 billion by 2026. 8. The USDC Treasury issued an additional 250 million USDC on the Solana blockchain. 9. Interactive Brokers added nine new crypto trading pairs and now supports stablecoin withdrawals. 10. EMURGO has transferred Token2049 hosting rights to the Cardano Foundation.
Selected
LINK
LINK+4.70%
AAVE
AAVE+2.81%
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