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Solv Protocol will move $700M+ in tokenized Bitcoin from LayerZero to Chainlink CCIP after bridge security reviews and Kelp DAO fallout now.

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Bitcoin is trading above $80,000 as the market prepares for what is shaping up to be a decisive directional move. The recovery from the recent correction has been meaningful — but a CryptoQuant report has identified the specific mechanism that prevented the decline from becoming considerably worse, and understanding it changes how the current price level should be read.

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Bitcoin pulled back from this week's $81,500 high after U.S. forces fired on Iranian targets, while crypto futures markets logged their 67th straight day of negative funding rates, the longest streak in a decade per K33 Research.

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UBS Group reported indirect exposure to XRP through 197,369 shares of the Volatility Shares XRP ETF. The financial entity also recorded a minor position of 317 shares in Grayscale's XRP-dedicated fund. The announcement coincides with successful redemption tests of U.S. Treasury funds natively tokenized on the XRP Ledger.