The US government transferred nearly 99,000 seized Chainlink (LINK) tokens worth about $768,000 to Coinbase Prime, raising speculation about a possible sale. These tokens were confiscated after the FTX and Alameda collapse and are managed by the US Marshals Service through Coinbase Prime. Despite concerns, the amount is less than 0.4% of LINK's daily trading volume, suggesting minimal market impact. Analysts believe any sale would be structured, not a sudden dump, and institutional demand could absorb extra supply, so major price effects are unlikely for now.
Cryptocurrency prices showed a general downward trend, with Bitcoin trading at $61,438, down 1.36%, and Ethereum at $1,633, down 2.08%. Other major coins like Binance Coin and Solana also saw declines. This reflects ongoing market volatility affectin...
CME Group and Nasdaq have introduced a new regulated crypto index that includes XRP, Stellar (XLM), Chainlink (LINK), Bitcoin, Ethereum, Solana, Cardano, and Bitcoin Cash. This index allows institutional investors to trade futures contracts settled i...
Kalshi has filed with the U.S. Commodity Futures Trading Commission to introduce perpetual futures contracts for Hyperliquid's native token HYPE, marking an expansion of its crypto derivatives portfolio. This move follows Kalshi's earlier launches of...
The crypto market is experiencing a sharp crash with Bitcoin falling near $61,000 and Ethereum close to $1,700, while major altcoins also decline. This downturn coincides with a broader market correction as US stocks, gold, silver, and oil prices dro...
Chainlink's network has seen a notable rebound in wallet holdings, with wallets holding at least 1 LINK rising to 535,000, the highest since December 2022. Despite a weak crypto market, this growth signals strong adoption and accumulation by users. L...
