Re drops LayerZero and goes all-in on Chainlink CCIP for cross-chain transfers

Re, the onchain reinsurance protocol with more than $475 million in total value locked, is migrating from LayerZero to Chainlink CCIP as its exclusive cross-chain infrastructure following an internal review of bridging solutions, according to a Friday statement.  The switch covers reUSD, the protocols yield-bearing deposit token with a market cap above $160 million, and will govern how that asset travels across every chain it touches.  The team said that it selected CCIP for its security-first design, including decentralized oracle networks, 16 independent validator nodes, built-in rate-limit protections, and SOC 2 Type 2 compliance.  CCIP enables reUSD transfers through a lock-and-burn mechanism on the source chain and mint-and-release on the destination chain, validated through Chainlinks decentralized infrastructure.  “Chainlink has been a foundational technology provider powering Re from the beginning,” Cliff White, Vice President of Engineering for Re, said. “It is an obvious choice to upgrade to Chainlink and secure the expansion of reUSD across chains.”  Re stated that its infrastructure decisions prioritize security, auditability, and institutional-grade resilience over speed of deployment, particularly for cross-chain operations involving real-world financial exposure.  “Were excited to support Re as it upgrades to Chainlink CCIP as its exclusive cross-chain infrastructure to expand reUSD across chains. This highlights a broader industry shift

05-09

USD: Fed focus shifts to inflation path – TD Securities

TD Securities‘ FX strategists Jayati Bharadwaj and Howard Du note that stronger United States (US) payrolls produced only a modest reaction in the US Dollar (USD), as markets focus more on inflation than labor data. With the Federal Reserve’s (Fed) 2026 path now tied to the energy shocks pass-through to core prices, they expect choppy USD trading and see near-term downside as elusive without progress in the Middle East.  Dollar reacts modestly to strong jobs  “The stronger than expected payrolls report had a modest reaction in the USD. We have flagged that the Fed path for the year now leans much more on how much the energy shock from Q1 will pass through to core inflation, rather than on labor market conditions (as long as they remain stable). This could potentially be why markets are reacting more to the softer wage growth data in the report rather than the stronger headline jobs number.”  “We have flagged that the Fed path for the year now leans much more on how much the energy shock from Q1 will pass through to core inflation, rather than on labor market conditions (as long as they remain stable). This explains the timid reaction in the FX space, and

05-09

Pi Network price prediction: PI hovers near $0.19 as unlocks and weak demand cap upside

Pi Network (PI) trades around $0.19 with most quant models pinning it in a cramped $0.12–$0.20 band through 2026 as token unlocks, patchy listings and soft demand keep any meaningful upside firmly capped.Pi Network (PI) is trading around $0.19 today, with a live market cap near $1.88 billion and 24‑hour volume of about $25–26 million.Quant models mostly see PI stuck in a $0.12–$0.18 range through 2026, with a base‑case year‑end target around $0.13–$0.18—down modestly from current levels.Recent and upcoming token unlocks, combined with tepid demand and limited exchange access, are keeping a lid on price even as open mainnet and ecosystem promises remain in place.  Where PI trades today  Pi Network (PI) is currently changing hands at about $0.1898, according to the Pi Network price page on crypto.news, with 24‑hour volume near $25.47 million and a market capitalization of roughly $1.88 billion. That puts PI at rank 46 by market cap, with a fully diluted valuation of about $2.89 billion based on a 100 billion maximum supply.  Other trackers line up in the same band. CoinGecko quotes PI at $0.1702 with a 24‑hour volume of around $22.9 million and a 7.7 billion circulating supply figure, implying a market cap closer to $1.31 billion.

05-09

How Big Could The Hantavirus Outbreak Get?

Experts from the World Health Organization have said they expect spread of a deadly and rare hantavirus variant to be “limited” and are insisting a cruise ship outbreak that has killed three people is “not the start of a pandemic”—as British authorities confirm another suspected case linked to the ship. (See the latest hantavirus cruise updates here).  ANP/AFP via Getty Images  Key Facts  WHO officials have said the Andes variant of the hantavirus, which has sickened at least nine people with two more suspected cases discovered Friday, will not cause a global outbreak on the scale of the coronavirus because it spreads very differently.  This particular strain of the disease, the only one known to be spread person-to-person, requires sustained, close contact to be transmitted, the WHO has said, suggesting casual encounters are extremely unlikely to result in further infections.  Officials are racing to trace the close contacts of more than two dozen people who disembarked from the cruise ship in the middle of its excursion—before they knew theyd been exposed to a deadly disease—including Americans from Georgia, Arizona, Texas, Virginia and California.  None of the Americans have shown symptoms, various state health agencies reported, and the Centers for Disease Control and Prevention has said “the

05-09

Memecoin Traders Bet on Hantavirus Hype for Another Crypto Supercycle

Memecoin traders discuss that hantavirus fears could trigger another crypto “supercycle.”A hantavirus-themed token called HANTA gained attention after being verified by Moonshot.WHO officials said the Andes hantavirus spreads very differently from COVID-19.  Crypto traders are already turning hantavirus headlines into speculative memecoin trades after reports confirmed infections linked to a cruise ship.  Several users on X openly posted that another global health scare could trigger a fresh “memecoin supercycle” similar to the surge in crypto activity during the COVID-19 era.  X account tied to the Solana-based trading platform Moonshot claimed the hantavirus outbreak “will spark another memecoin supercycle.” Hours later, Moonshot verified a Pump Fun-created token called HANTA, built around AI-generated images of rats and viruses.  Nansen CEO Alex Svanevik compared the current market setup to the 2020 pandemic cycle that helped fuel “DeFi summer.” He suggested a new outbreak cycle could create what he called an “agentic summer.”  Other memecoin traders openly discussed the possibility of pandemic-driven trading volume returning to crypto markets. Some users posted that they hoped their HANTA-themed tokens would “go 100x” if global fear pushed more people online again.  One trader wrote that “if a pandemic is what it takes to bring traders and volume back, then so be it.” Another

05-09

Ethereum loses 10% of its DeFi market share as rival chains close in

Ethereums share of the total value locked (TVL) in DeFi compressed from 63.5% at the start of 2025 to around 54% as of May 7, hovering near the lowest level recorded since May 2025.  DefiLlama puts Ethereums current TVL at $45.4 billion, while the chains absorbing share have each staked out a distinct function, such as decentralized exchange (DEX) flow, stablecoin settlement, BTC collateral, consumer onboarding, and perpetuals trading.  Solana holds 6.66% of DeFi TVL, BNB Chain 6.60%, Bitcoin 6.35%, Tron 6.17%, Base 5.44%, and Hyperliquid 1.81%. That clustering defines that DeFi has moved from a single Ethereum-centered hub into a network of specialized rails.  A bar chart shows Ethereum holding approximately 54% of DeFi TVL as of May 7, 2026, with six rival chains each holding under 7%.Which chains captured market  BSC built its position on Binance-linked distribution. In the second quarter of 2025, CoinGecko reported that PancakeSwap volume surged 539.2% quarter-over-quarter to $392.6 billion, accounting for 45% of top-10 DEX volume, with Binance Alpha routing trades directly through PancakeSwap.  DefiLlama currently shows BSC with $5.55 billion in TVL and $739.6 million in 24-hour DEX volume. Binance has deepened that integration via Alpha Earn, which lets users provide liquidity to PancakeSwap V3 directly from

05-09

HabitTrade denies doing regulated business in Hong Kong after SFC warning

Hong Kong‘s SFC flags HabitTrade in a warning on unlicensed virtual asset platforms, but the broker insists it hasn’t done regulated business or marketed services to Hong Kong investors and blames unauthorized third‑party promoters.Hong Kongs Securities and Futures Commission (SFC) has warned investors about unlicensed platforms and recent promotional activity referencing HabitTrade.In response, HabitTrade says it is a licensed Australian brokerage and “has not conducted any regulated business in Hong Kong,” nor marketed such services to the Hong Kong public.The firm blames third-party promoters for unauthorized content using its brand and says it may pursue legal action, underscoring how tight Hong Kongs virtual asset rules have become.  HabitTrade has pushed back against an investor alert from Hong Kongs Securities and Futures Commission, saying it does not carry out regulated activities in the city and has not marketed its services to Hong Kong residents. In a statement posted on X, the brokerage said it “is a licensed Australian brokerage and compliant financial services platform” and that it “has not conducted any regulated business in Hong Kong, nor promoted or provided related services to the public in Hong Kong,” directly disputing any suggestion that it is operating there without authorization.  The clarification comes after

05-09

XRP News: Wall Street Giant UBS Reveals XRP ETF Holdings

The post XRP News: Wall Street Giant UBS Reveals XRP ETF Holdings appeared first on Coinpedia Fintech News  UBS Group, one of the worlds biggest banks managing nearly $5.7 trillion in assets, has quietly gained exposure to XRP through regulated ETF products. A new SEC filing shows the banking giant is now officially connected to XRP-linked funds, adding another major Wall Street name to the growing list of institutions entering crypto markets.  UBS Group Adds XRP ETF Exposure  According to an SEC Form 13F filing, UBS Group has gained exposure to XRP through exchange-traded products, rather than directly buying XRP on the market.  The bank reported holding about 197,369 shares of the Volatility Shares XRP ETF, valued at roughly $1.49 million. It also disclosed a smaller position in the Grayscale Investments XRP fund worth around $8,248.  For a firm managing trillions of dollars, this investment is very small, but it shows that major institutions are not only looking at Bitcoin and Ethereum, but also exploring XRP exposure.  Wall Street Giants Quietly Increase XRP Exposure  The UBS group is no longer alone in gaining exposure to XRP-related investment products through regulated markets.  Goldman Sachs reportedly disclosed nearly $153.8 million in XRP-related exposure spread across multiple investment funds, making it

05-09

Dogecoin Price Prediction: DOGE Holds Bigger Breakout Setup

Dogecoin price fell toward key support as long liquidations built near the $0.105 to $0.106 zone. However, the weekly DOGE chart still shows a rounded base near $0.10, keeping the broader breakout setup alive.  DOGE Long Liquidations Rise as Price Slides Toward Key Support  Dogecoin faced fresh pressure as high leverage long positions were liquidated, according to a liquidation heatmap shared by CW on X.  The CoinAnk chart showed DOGE falling from the $0.116 to $0.117 area on May 6 to near $0.105 by May 8. The move erased most of the earlier rally and pushed price into a dense liquidation zone.  DOGE Liquidation Heatmap. Source:  The strongest liquidity cluster appeared near the $0.105 to $0.106 range. That area shows where many leveraged long positions likely sat before the drop. As DOGE moved lower, those positions faced forced liquidation, adding more sell pressure to the market.  The chart also showed smaller liquidity zones above the current price, especially around $0.111, $0.114, and $0.117. These levels may act as resistance if DOGE rebounds, because traders who were trapped during the decline may exit near those zones.  DOGE had previously moved sideways between May 1 and May 4 before a sharp rally lifted price above $0.113. However, the move

05-09

Bybit Adds Nvidia, Oracle, Circle and More to Its 24/7 TradFi Perpetual Contracts Lineup

Bybit has taken another step toward blending traditional finance with crypto-native trading, rolling out 24/7 perpetual contracts for a fresh batch of TradFi assets and giving traders nonstop access to some of the biggest names in technology, digital assets, and global ETFs.  The new listings, introduced this week, add Oracle (ORCL), Nvidia (NVDA), Circle Internet Group (CRCL), Micron Technology (MU), Invesco QQQ Trust (QQQ), iShares MSCI Japan ETF (EWJ), and iShares MSCI South Korea ETF (EWY) to Bybits growing TradFi perpetual lineup. For users on the platform, that means they can now gain exposure to major U.S. stocks and international ETFs through USDT-quoted perpetual contracts, all within a single account and with leverage of up to 10x.  Bybit first launched its TradFi perpetual contracts in April 2026, and since then, the exchange has been adding new tickers on a weekly basis. With the latest expansion, the platform now offers 20 U.S. stocks, three commodities including gold, silver, and crude oil, plus three global ETFs. That makes the product range noticeably broader than what many traders would normally expect from a crypto exchange, and it reinforces Bybits push to become a more complete trading venue rather than just a digital asset marketplace.  The appeal

05-09
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