zkFrog 🧊
2.3K posts


Pyth Network Suffers Hermes and Core Feed Downtime Pyth Network reported an outage affecting Pythnet/Hermes, disrupting its core price feeds and sponsored feeds for over four hours. The team said validators are coordinating a restart after identifying the root cause of the issue. The incident may affect DeFi protocols relying on Pyth oracle data for trading, lending, and liquidation operations.

Pyth Network Suffers Hermes and Core Feed Downtime Pyth Network reported an outage affecting Pythnet/Hermes, disrupting its core price feeds and sponsored feeds for over four hours. The team said validators are coordinating a restart after identifying the root cause of the issue. The incident may affect DeFi protocols relying on Pyth oracle data for trading, lending, and liquidation operations.


Hm.. @USDT0_to believes no interop solution can match what LZ gives them in terms of security. This is fair. Although, AFAIK, it's also wrong. What specific security property does LZ provides that @chainlink CCIP can't? Genuine question. I think the answer is none. Also curious what security improvement comes from replacing CCIP's base validator layer rather than adding your own on top.








Kraken is deprecating its existing cross-chain provider and migrating to @Chainlink CCIP as its exclusive cross-chain infra to secure Kraken Wrapped Bitcoin (kBTC) & all future Kraken Wrapped Assets. Kraken chose Chainlink CCIP because it offers enterprise-grade infrastructure with strict security & risk management requirements, including: • ISO 27001 and SOC 2 Type 2 certifications • Secure by default architecture • 16 independent nodes • Native rate limits, and more. Together, Chainlink and Kraken can help accelerate the global adoption of crypto by unlocking utility and distribution for all Kraken Wrapped Assets across DeFi. For kBTC customers, no action is required. More details on the migration process to follow on official Kraken channels.





Near real-time collateral mobility could help financial institutions reduce liquidity buffers and lower capital requirements, but only with infrastructure built to support it. Our new white paper, Collateral Infrastructure for Tokenized Capital Markets, developed in collaboration with Finadium, makes the case that tokenized collateral could help unlock significant capital efficiencies, transform liquidity management and potentially benefit early movers as settlement cycles shorten and digital assets adoption accelerates. Read the announcement: dtcc.com/news/2026/may/…








