Coinbase & Chainlink Launch Base-Solana Bridge for Seamless Crypto Flow

BriefBits Crypto: This week's most important developments in Crypto world

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Explore how groundbreaking cross-chain bridges, institutional backing, and emerging markets are reshaping crypto’s future.

In today's edition:

Coinbase and Chainlink launch a new bridge connecting Base and Solana ecosystems.
Wall Street firms invest heavily in Canton Network to expand tokenized real-world assets.
Opinion Labs captures 40% of the booming prediction markets with $1.5 billion weekly volume.

(OpenAI, gpt-image-1-mini)

Infrastructure

Coinbase and Chainlink Unveil Base-Solana Bridge, Pioneering Cross-Chain Asset Flow

Briefly: Coinbase and Chainlink have launched the Base-Solana bridge on mainnet, enabling secure, seamless transfer of assets between Coinbase's Base Layer 2 blockchain and the Solana ecosystem, significantly advancing blockchain interoperability.

Key Information:

The bridge leverages Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to facilitate secure asset transfers between Base and Solana.
Solana tokens like SOL and SPL assets can now be used natively in Base-based decentralized applications without leaving the Base environment.
Early adopters include prominent projects such as Zora, Aerodrome, and Flaunch, highlighting immediate ecosystem integration.
The open-source nature of the bridge sets a standard for future cross-chain connectivity, with plans to link additional blockchains beyond Solana.

Institutional

Wall Street Titans Back Canton Network, Boosting Tokenized Real-World Assets

Briefly: Digital Asset, the firm behind the Canton Network, secured strategic investments from powerhouse Wall Street firms like BNY, Nasdaq, S&P Global, and iCapital, signaling strong institutional confidence in blockchain solutions designed for regulated financial markets.

Key Information:

Canton Network enables tokenization and trading of real-world assets such as bonds, loans, and funds on a shared ledger with compliance and privacy.
The recent investment round follows a $135 million funding led by BNP Paribas, Goldman Sachs, and others earlier in 2025.
Over 600 institutions currently participate in Canton, overseeing approximately $6 trillion in onchain assets.
CEO Yuval Rooz emphasized the importance of blockchain tailored specifically to regulated environments to bridge decentralization with legal frameworks.

🏃 Speedy Crypto Scoop

PartnershipKraken partnered with Deutsche Börse to boost institutional crypto adoption in Europe, aiming to challenge Wall Street’s dominance by combining Kraken’s crypto expertise with DBG’s regulated financial infrastructure.

InnovationEx-Signature Bank executives launched N3XT, a blockchain-powered narrow bank offering instant settlement and programmable USD payments fully backed by cash or US Treasuries, targeting institutional clients with 24/7 compliant operations.

RegulationThe EU proposed to expand ESMA’s powers over crypto service providers and trading venues, aiming to centralize supervision, reduce fragmentation, and better compete with US capital markets while raising concerns about potential impacts on innovation.

MarketRecent $4B outflows from US-listed spot Bitcoin ETFs stemmed mainly from the unwinding of basis trade arbitrage strategies, not institutional capitulation, clearing the way for more conviction-driven long-term holders.

SecurityA tragic incident in Vienna highlighted the rising physical risks for crypto holders, where a student was tortured and killed for crypto passwords, underscoring the urgent need for better user protection against violent attacks.

AdoptionJapanese firm AltPlus announced plans to incorporate Bitcoin and XRP into its corporate treasury, alongside staking income and Web3 business expansion, marking a pioneering institutional crypto adoption move in Asia.

📈 Numbers and Trends

Institutional support boosted Canton Network, which currently supports $6 trillion in onchain assets with over 600 institutional participants.
Bitcoin treasury reached 43,514 BTC valued near $4 billion for Twenty One Capital ahead of its NYSE debut.
Stablecoin market valued over $300 billion globally, mostly US dollar-pegged, with 40%-75% of reserves in short-term US Treasurys.
XRP ETFs received $874 million in net inflows over 13 days, nearing $1 billion in assets under management since mid-November launch.
Bitcoin ETF outflows totaled nearly $4 billion in October-November, mainly driven by basis trade unwinding, not institutional capitulation.

💬 Quote of the Day

Bitcoin’s role as a hedge against inflation and government debt frames it as a strategic asset for currency protection rather than mere speculation.

Larry Fink

Sovereign Wealth Funds Were Buyers as Bitcoin Plunged: BlackRock's Larry Fink

1️⃣ Number of the Day

$1.5 billion - Weekly trading volume of Opinion Labs in prediction markets

Opinion Labs achieved an unprecedented $1.5 billion weekly trading volume just weeks after launch, capturing 40% of the $3.7 billion total prediction market volume, indicating rapid growth and disruptive potential in this emerging sector backed by Binance co-founder CZ’s venture firm.

CZ’s YZi ramps up prediction market bet as Opinion claims 40% share

Coinbase & Chainlink Launch Base-Solana Bridge for Seamless Crypto Flow

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