Kraken Migrates to Chainlink CCIP for Wrapped Assets
- Security-Driven Migration: Kraken has selected Chainlink CCIP as its exclusive cross-chain infrastructure primarily due to its ISO 27001 and SOC 2 compliance, 16 independent nodes, and enterprise-grade security standards, thereby enhancing the safety and reliability of its wrapped assets.
- Broad Coverage: The migration encompasses not only Kraken Wrapped Bitcoin (kBTC) but also all future Kraken wrapped assets to be deployed across DeFi protocols, demonstrating a long-term commitment to the DeFi market.
- Industry Trend Response: This migration is a direct response to the $292 million KelpDAO exploit in April, with platforms like Kelp, Solv, and Re having already transitioned to CCIP, indicating a growing industry emphasis on security.
- Global Adoption Facilitation: Kraken stated that the choice of CCIP aims to accelerate global cryptocurrency adoption by unlocking DeFi services and distribution for its entire suite of wrapped assets, further driving innovation and development in the market.
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Technical Analysis for ZRO
Technical Sentiment Analysis for LayerZero (ZRO). As of , LayerZero (ZRO) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ZRO stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ZRO is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
LayerZero (ZRO) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.92 | 1.081 | 1.235 | 1.396 | 1.55 | 1.711 | 1.865 |
| Fibonacci | 1.081 | 1.201 | 1.276 | 1.396 | 1.516 | 1.591 | 1.711 |
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