Lombard migrates $1B in Bitcoin-backed assets to Chainlink CCIP after $292M exploit shakes LayerZero confidence

Lombard Finance, one of the largest Bitcoin-native liquid staking platforms in DeFi, is moving more than $1B in Bitcoin-backed assets off LayerZero’s bridge infrastructure and onto Chainlink’s Cross-Chain Interoperability Protocol. The protocol plans to fully deprecate LayerZero from its cross-chain stack. The migration follows an April 2026 exploit that drained roughly $292M from KelpDAO’s rsETH…

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Bitwise Set to Launch Hyperliquid (HYPE) ETF

The launch comes only days after another HYPE ETF, 21Shares’ THYP, started trading, racking up $1.8M on its debut. Asset manager Bitwise is set to launch an exchange-traded fund tracking Hyperliquid’s native HYPE token. The ETF will start trading on May 15 under the ticker BHYP on the New York Stock Exchange (NYSE). Capitalizing…

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