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The digital asset advocacy organizations Crypto Council for Innovation (CCI) and Blockchain Association (BA) have filed a lawsuit against Illinois officials, opposing the state's 0.2% cryptocurrency tax. This tax is expected to take effect from January 2027, taxing based on transaction volume rather than income.The two organizations submitted the lawsuit in the Sangamon County Seventh Judicial Circuit Court, claiming that the tax violates the U.S. Constitution, the Illinois Constitution, federal and state due process laws, and the Internet Tax Freedom Act, and may result in double taxation. The lawsuit also states that the tax regulations are overly vague, placing compliance responsibilities on residents and brokers, and exposing them to civil and criminal penalties.Blockchain Association CEO Summer Mersinger stated that Illinois cannot implement a tax system that discriminates against digital businesses and increases uncertainty for consumers and enterprises. The Digital Chamber filed a similar lawsuit in July regarding the same tax, claiming it discriminates against digital asset traders.

According to The Block, Ethereum ecosystem core contributor Nethermind announced that after a "comprehensive review," it will exit the LayerZero decentralized validation network (DVN) business and migrate its cross-chain infrastructure to the Chainlink network. Nethermind stated that it has ceased operations of LayerZero's DVN and joined the Chainlink network as a node operator and strategic technology provider.In the future, Nethermind will provide engineering tools, infrastructure services, and integration support for blockchain application developers. It is reported that this shift occurred after the LayerZero ecosystem experienced a security incident. In April of this year, the rsETH cross-chain bridge of Kelp DAO was attacked, resulting in a loss of approximately 116,500 rsETH, valued at about $292 million at the time. Following this incident, several companies have begun to shift their cross-chain operations from LayerZero to Chainlink. However, Nethermind did not explicitly state whether this migration is directly related to the Kelp DAO incident, nor did it disclose any specific technical issues with LayerZero or changes in commercial terms between the two parties.

The Wyoming Stablecoin Committee has migrated its issued Frontier Stable Token (FRNT) from LayerZero to Chainlink's cross-chain interoperability protocol CCIP, and will completely discontinue the LayerZero token implementation after completing a comprehensive security review. CCIP will serve as the sole cross-chain infrastructure for FRNT under a multi-year contract. This is the first time a U.S. government entity has publicly changed blockchain infrastructure for security reasons, and FRNT is currently the only stablecoin issued by a U.S. public institution, fully backed by fiat reserves, with reserve earnings used to support the state's school foundation projects. The token has been deployed on chains such as Ethereum, Base, and Avalanche, with a current market cap of less than $1 million.This decision was announced four months after the Kelp DAO bridge based on LayerZero was attacked, resulting in the theft of approximately 116,500 rsETH (worth about $292 million at the time), an incident that triggered a wave of industry security reviews and migrations. To date, nearly $15 billion in related assets have migrated from LayerZero to Chainlink, with early movers including Kelp, Solv Protocol, Re, and Kraken. Subsequently, BitGo chose CCIP and completed a migration of approximately $7.7 billion in wrapped Bitcoin, bringing the total to the current level. According to a case study by LayerZero in January of this year, Wyoming had previously operated its own decentralized validation network and controlled validation and compliance functions.

According to CoinDesk, cryptocurrency infrastructure company BitGo will replace LayerZero with Chainlink CCIP as the exclusive cross-chain service provider for $7.3 billion WBTC.After the $292 million cross-chain bridge exploit incident at Kelp, multiple projects announced their migration from LayerZero to Chainlink, with a disclosed total migration scale reaching $14.5 billion. BitGo will use CCIP for future assets while retaining control over token contracts, rate limits, and transfer settings.

Bitget announced a comprehensive upgrade to its BGBTC, adding daily coin-based earnings, large-scale rapid redemption, and institutional-level risk management. This upgrade also introduces an independent Curator mechanism, with the DeFi risk management agency Gauntlet responsible for supervising the underlying earnings strategy and risk management, adding independent strategy reviews beyond asset custody to strengthen portfolio monitoring, risk control, and long-term earnings sustainability. Currently, BGBTC supports the deployment of earnings strategies on the Morph chain, further expanding multi-chain earnings channels and application scenarios.At the infrastructure level, Bitget uses Chainlink CCIP as the official cross-chain solution for BGBTC and continues the Chainlink Proof of Reserve program, providing real-time transparency and verifiable reserve guarantees for its 1:1 pegged Bitcoin. The upgraded BGBTC can still be used for contract margins, loan collateral, and participation in Launchpool and PoolX while obtaining earnings, further enhancing capital efficiency while retaining asset liquidity.

The Crypto Innovation Committee (CCI) announced that Etherealize, Hyperliquid Policy Center, and Tools for Humanity (TFH) have officially joined. CCI stated that the new members will enhance its technical expertise in on-chain finance, institutional finance, and digital identity to better support policy-making.Etherealize stated that as the application of Ethereum in institutional scenarios accelerates, a prudent policy framework is of great significance for unlocking the potential of the next generation of financial infrastructure.

Aave announced that it has selected Chainlink CCIP as its cross-chain infrastructure standard. CCIP is currently delivering infrastructure a.DI through Aave to undertake cross-chain GHO transfers and multi-chain governance execution.Subsequently, cross-chain logic for the Aave App will be supported through Stable Vaults, covering scenarios such as vault rebalancing, yield optimization, deposits, and transfers. Relevant cross-chain operations will take place between Ethereum, Base, and Arbitrum.

According to Shield Monitoring, an Ethereum MEV bot just unexpectedly transferred 167 ETH (worth about $300,000) to a random user.

According to CoinDesk, after KelpDAO was attacked resulting in a loss of $292 million, the industry's scrutiny of the security of cross-chain infrastructure continues to heat up, with approximately $4 billion in assets having completed or currently migrating from LayerZero to Chainlink's Cross-Chain Interoperability Protocol (CCIP).The DeFi protocol Lombard is the latest project to join this migration trend. The protocol announced it would abandon LayerZero and migrate over $1 billion in Bitcoin-backed assets to Chainlink CCIP, stating that this decision stemmed from a comprehensive internal security review following the April attack incident.Lombard issues two types of Bitcoin-backed tokens—LBTC and BTC.b—and will prioritize the migration of assets on chains such as Solana, Etherlink, Berachain, Corn, and TAC, while terminating the use of LayerZero on Morph and Swell. Lombard stated that the reason for choosing CCIP is its independent node operators, built-in rate limiting mechanisms, and audited infrastructure. Additionally, the protocol will adopt Chainlink's cross-chain token standard to achieve asset cross-chain circulation through a burn-and-mint model.Previously, Kelp DAO, Solv Protocol, Re, and the cryptocurrency exchange Kraken have all completed similar migrations, with these projects collectively transferring approximately $4 billion in assets. Chainlink Labs Chief Business Officer Johann Eid stated, "We are witnessing a continued wave of risk-averse migration within the industry."

According to CoinDesk, Kraken announced that it will use Chainlink's cross-chain interoperability protocol CCIP, replacing LayerZero as the exclusive cross-chain infrastructure for its wrapped assets, covering kBTC and more wrapped assets in the future. This migration involves over $3 billion in TVL, following a $292 million LayerZero-related cross-chain attack incident that occurred in April. Kraken stated that the migration will cover networks such as Ink, Ethereum, Unichain, and Optimism. kBTC is set to launch in 2024, with a current market value of approximately $260 million. Coinbase had previously also chosen Chainlink CCIP as the sole cross-chain bridge solution for about $7 billion in wrapped tokens.

According to analyst Tom Wan's monitoring, despite LayerZero issuing an apology statement, several protocols with a total TVL of approximately $2 billion have announced their migration to Chainlink CCIP, including KelpDAO ($1.5 billion), SolvProtocol ($600 million), and re ($200 million).Meanwhile, the top assets still using the LayerZero OFT standard include: USDe/sUSDe (Ethena), weETH (Etherfi), USDT0 (Tether), thBILL (Theo), and WBTC (Bitgo), with specific migration progress to be determined by project announcements.Previously, LayerZero formally apologized for poor communication regarding security incidents over the past three weeks. The official acknowledged that its internal RPC was attacked by the Lazarus Group and admitted to mistakenly allowing LayerZero Labs DVN to act as a 1/1 verification node for high-value transactions, leading to a single point of risk.

According to a report by South Korea's Asia Economy, the National Tax Service of South Korea released news materials regarding on-site searches of 124 high-profile, habitual tax evaders, revealing现场照片 that included the seized Ledger hardware wallet's mnemonic phrase, with no pixelation applied.Blockchain data expert Jaewoo Cho stated that shortly after the mnemonic phrase was leaked, all 4 million PRTG tokens stored in the wallet were transferred to an unidentified wallet early this morning, with estimated losses reaching approximately 6.4 billion won (about 4.8 million USD).Analysis shows that the thief first deposited a small amount of Ethereum to be used as transaction fees into the wallet, and then transferred all the tokens in three transactions.

Morph announced the integration of the Chainlink Cross-Chain Interoperability Protocol (CCIP) into its mainnet. This integration establishes CCIP as the exclusive cross-chain issuance and transfer mechanism for Bitget Token (BGB), ensuring that BGB meets the standards of security, verifiability, and scalability, thereby building a global payment infrastructure.Morph CEO Colin Goltra stated, "Chainlink CCIP plays a key role in enabling secure and scalable cross-chain transfers, providing the necessary foundation for BGB to support real-world payment use cases."

According to CriptoNoticias, Colombia's second-largest pension fund manager, AFP Protección, plans to launch a Bitcoin exposure fund for long-term asset allocation and diversification, rather than short-term speculation.The product will be available to investors who meet risk assessment criteria through a personalized investment advisory process, allowing them to allocate only a portion of their portfolio to Bitcoin. Protección manages the assets of approximately 8.5 million clients, covering mandatory pensions, voluntary pensions, and severance accounts, with assets under management exceeding 220 trillion Colombian pesos (about 55 billion USD).

According to official news, Coinbase has officially chosen Chainlink CCIP as the exclusive interoperability provider for all Coinbase Wrapped Assets.Coinbase Wrapped Assets (including cbBTC, cbETH, cbDOGE, cbLTC, cbADA, and cbXRP) currently have a total market capitalization of approximately $7 billion.

According to Cointelegraph, crypto analyst "Daan Crypto Trades" pointed out that Bitcoin is currently hovering around a key technical price level, which serves as the 0.382 Fibonacci retracement zone, a critical support and resistance level in the market cycle that must be effectively supported to avoid significant losses. If it breaks below this level, the price of Bitcoin may drop to the April low of around $76,000, and testing this low would break the existing market structure in the long-term timeframe.On Sunday evening, the Bitcoin market experienced a sharp liquidation of short-term leverage, with both long and short leverage positions being liquidated. The price briefly dipped below $88,000 before quickly rebounding above $91,500, which is undoubtedly an example of a low liquidity weekend market being manipulated to simultaneously clear long and short leverage positions.

According to Chainlink, SBI Digital Markets (SBIDM, part of Japan's SBI Group, managing over 10 trillion yen) announced that it will use Chainlink as its exclusive infrastructure solution, integrating CCIP as the interoperability layer to support the secure transfer of tokenized assets between public and private blockchains, and protecting sensitive information such as transaction amounts and counterparties through CCIP Private Transactions.SBIDM is upgrading from an issuance/distribution platform to a comprehensive digital asset hub covering compliant issuance, purchasing, settlement, and cross-jurisdiction secondary trading, with plans to promote on-chain financial expansion in Asia and Europe.

According to official news, the liquid staking protocol Lido announced the integration of Chainlink's cross-chain interoperability standard, where the Chainlink Cross-Chain Interoperability Protocol (CCIP) will serve as the official cross-chain infrastructure for wrapping staked Ethereum wstETH.In the coming months, wstETH will be gradually deployed in phases across all 16 chains, with the execution process involving multiple steps.

ChainCatcher news, according to official sources, the programmable open finance Layer 1 platform Pharos has announced the adoption of Chainlink CCIP as its standardized cross-chain infrastructure and will use Chainlink data streams to support the tokenized RWA market.Pharos was founded by leaders from AntChain and Ant Financial's blockchain, with the advantage of providing enterprise-level solutions for institutions exploring green finance, digital payments, and new forms of programmable ownership and asset tokenization. Pharos will enable institutional-grade risk assets (RWA) to be widely accepted by individual investors, thereby promoting the adoption of RWA and attracting new users to DeFi, among others.