Chainlink's price dropped from near $8 to around $7 following a sell-the-news reaction to Project Pangea and a major $11 billion crypto options expiry, which intensified selling pressure. Weak momentum indicators and a bearish channel suggest further downside risk toward the critical $6.30 support level, with $6 as a psychological target if the decline continues. Recovery above $7.70 could ease selling pressure, but current market conditions, including Bitcoin's weakness and cautious trader positioning, keep the outlook bearish in the short term.
U.S.-listed altcoin ETFs experienced mostly flat net flows on June 25, with notable outflows concentrated in Solana and Hyperliquid ETFs. Solana's outflows were driven by redemptions in Bitwise’s BSOL fund, while Hyperliquid saw declines in two of it...
Chainlink has become a critical infrastructure in global finance, with major institutions like SWIFT, JPMorgan, UBS, and DTCC adopting its cross-chain technology. Despite this widespread institutional use, the LINK token trades around $7, about 86% b...
Strategy (MSTR) faces over $13 billion in unrealized losses on its bitcoin holdings, exceeding the market value of many well-known cryptocurrencies like dogecoin, Monero, Cardano, and Chainlink. This massive paper loss highlights the risks of concent...
On June 23, U.S.-listed XRP spot ETFs saw a $2.05 million net inflow, led by Grayscale’s GXRP, while most other major altcoin spot ETFs recorded flat flows, indicating cautious investor demand. XRP ETFs remain a significant altcoin segment with $1.46...
Project Pangea, a collaboration involving Chainlink, over 10 Korean banks, and 37 European banks, seeks to replace the traditional two-day FX settlement cycle with real-time, stablecoin-based settlement. This initiative targets the $9.6 trillion dail...
