Chainlink Launches CCIP Protocol, Radiant Capital Receives $10M Investment from Binance

Market Update Equity indices are slumping following a negative reaction to technology earnings and lower than expected jobless claims. The technology-oriented $QQQ is leading the decline, having fallen 1.52% at the time of writing, while the $SPY has fallen 0.36%. The $DXY (+0.65%) and U.S. Treasury yields are rising today as the market is repricing the odds of an additional rate hike as the labor market continues to show its resilience. Crypto markets are mixed, with $BTC (-0.60%) and $ETH (-0.17%) declining while select altcoins are rallying. Chainlink ($LINK) is the top performer out of the top 100 coins, rising 16.80% following the release of their cross-chain interoperability protocol (CCIP). Chainlink’s CCIP provides protocols with a simple interface to build their cross-chain needs, including token transfers and arbitrary messaging.  Radiant Capital, the omnichain lending and borrowing protocol, received $10 million in investment from Binance’s venture capital arm. The new funds are earmarked for further product development, which will enable more collateral options and an expansion to Ethereum Mainnet. Radiant is built on LayerZero technology, allowing DeFi users to easily lend and borrow across different blockchain networks, alleviating the liquidity fragmentation