🚀 **Crypto News Flash: Chainlink to the Rescue!**

- 21.co, parent of 21Shares, is adding Chainlink’s proof of reserve to 21BTC. This move aims to calm nerves about Bitcoin wrappers' backing.

- Integrating proof of reserves on Ethereum and Solana ensures new tokens are backed by reserves, protecting against malicious minting.

- Chainlink’s proof of reserves audits financial data in real-time, transmitting it to a blockchain-based smart contract.

- Amid skepticism, this step aims to boost confidence in Bitcoin wrappers like WBTC and cbBTC.

- Coinbase’s cbBTC has surged in popularity but faced scrutiny. Coinbase reassures users about BTC backing.

Stay tuned for more crypto capers! 🪙