21.co, the parent company of 21Shares, has integrated Chainlink Proof of Reserve on the Ethereum and Solana mainnet to enhance transparency for its wrapped Bitcoin product, 21BTC. By utilizing Chainlink's Proof of Reserve through its digital asset platform, Onyx, real-time reserve verification will be automated to ensure secure minting of 21BTC. This integration aims to provide decentralized oversight and transparency, allowing users to independently verify asset collateralization in real time. In contrast, concerns have been raised about the lack of transparency in Coinbase's wrapped Bitcoin (cbBTC). Despite these concerns, cbBTC has gained traction, becoming the third-largest wrapped Bitcoin token with significant market capitalization and trading volume. Additionally, China holds the majority of Bitcoin hashrate, while the US follows closely. Ethereum outflows have diverged from the market rebound post-Fed stance, with experts anticipating regulatory clarity for the crypto and AI sectors in the future. Read more AI-generated news on: https://app.chaingpt.org/news