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BNB Chain Integration Of US Economic Data via Chainlink

by Ouess
written by Ouess

A groundbreaking BNB Chain integration is bridging the gap between decentralized finance and traditional economics. The network has partnered with Chainlink to pipe verified U.S. government economic data directly on-chain, providing a trusted source of truth for DeFi applications.

The Power of the BNB Chain Integration

This new BNB Chain integration utilizes the Chainlink Data Standard to deliver official statistics from the U.S. Commerce Department. Consequently, key metrics like GDP, the PCE Price Index, and Real Final Sales are now available in real-time on the blockchain.

Therefore, for the first time, developers on BNB Chain can build DeFi protocols that react to definitive federal economic data instead of relying on estimates or delayed reports.

Unlocking New DeFi Possibilities

The BNB Chain integration unlocks a vast design space for innovative applications. Developers can now create sophisticated financial products directly tied to macroeconomic reality.

Potential use cases include:

  • Inflation-linked tokens that adjust based on the PCE Price Index.
  • Perpetual futures contracts pegged to GDP growth.
  • Advanced risk management models for protocols that respond to official economic shifts.

A Broader Industry Movement

This BNB Chain integration is part of a larger industry trend. Chainlink first launched this service in August across several leading chains.

However, by bringing it to BNB Chain—one of the world’s largest developer ecosystems—the impact is significantly magnified. This move accelerates the fusion of TradFi and DeFi, creating a more robust and interconnected financial landscape.

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Altcoin

Grayscale Files for Chainlink ETF as LINK Price Rises

by Ouess
written by Ouess

Major asset manager Grayscale has officially filed with the U.S. Securities and Exchange Commission (SEC) to launch a spot Chainlink ETF. This makes it the second firm, after Bitwise, to seek approval for a fund tracking the LINK token. The news provided an immediate boost to the market, with the LINK price rising 3% on the development.

The Details of the “GLINK” ETF

The filing reveals key details about the proposed fund, to be called the Grayscale Chainlink Trust (LINK).

  • Trading Venue: NYSE Arca
  • Ticker Symbol: GLINK
  • Custodian: Coinbase Custody
  • Administrator: Bank of New York Mellon

The fund’s sole purpose is to hold LINK tokens and provide institutional investors with a simple, regulated way to gain exposure to the asset without directly holding it.

A New Path Using “Generic Listing Standards”

Grayscale is taking a novel approach with this filing. Instead of the traditional process, it aims to list the ETF under the proposed Generic Listing Standards for Crypto ETFs.

This streamlined path would allow the fund to list on an exchange without needing a separate 19b-4 filing, significantly speeding up the approval process. However, Grayscale noted it will not push for effectiveness until the SEC formally adopts these new standards.

Potential for Staking and In-Kind Creations

The filing also leaves the door open for two highly anticipated features:

  • In-Kind Creations & Redemptions: Grayscale is seeking approval for this model, which the SEC has already approved for Bitcoin ETFs. This is considered more efficient than the cash-create model.
  • Staking: The document states the trust may engage in staking LINK tokens to generate yield for shareholders if conditions are met and regulators permit it.

Market Reaction and What’s Next

The market reacted positively to the news. The LINK price jumped over 3% to trade around $23, showing investor optimism about the potential for increased institutional demand.

Grayscale is now the second firm to file for a LINK ETF under the Securities Act of 1933 (“33 Act”), following Bitwise’s filing. The race to bring the first Chainlink ETF to market is officially on.

The Bottom Line

Grayscale’s filing is a significant step toward legitimizing Chainlink as an institutional-grade asset. While approval is not guaranteed and may depend on the SEC’s adoption of new listing standards, the filing itself is a powerful bullish signal. It demonstrates that major financial players see strong demand for structured products around oracle networks and real-world data, further bridging the gap between traditional finance and the crypto ecosystem.

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Altcoin

PayPal Adds Solana & Chainlink Support in the US

by Ouess
written by Ouess

PayPal has officially added Solana (SOL) and Chainlink (LINK) to its crypto services in the United States. Users can now buy, sell, and hold these assets directly through the platform. Previously, customers could only purchase SOL and LINK via MoonPay, using PayPal as a payment method.

This move marks another step in PayPal’s growing involvement in crypto, which began in 2020. The firm’s decision reflects increased confidence in digital assets, fueled in part by the crypto-friendly stance of the Trump administration.

Boosting Adoption for Solana and Chainlink

With over 300 million US users, PayPal’s support could drive broader adoption of these altcoins.

  • Solana (SOL): Known for its high transaction speeds, Solana enables seamless interaction with DeFi and decentralized apps (dApps).
  • Chainlink (LINK): A decentralized oracle network, Chainlink connects smart contracts with real-world data, enhancing blockchain functionality.

PayPal has yet to make an official announcement, but the update is now listed in its FAQ section.

Will Solana and Chainlink Prices Recover?

Despite the PayPal listing, both SOL and LINK have faced selling pressure, dropping over 5% each.

  • Solana (SOL): Down 6.33%, trading at $115, with a 140% surge in trading volume to $6.7 billion. Analysts warn that SOL’s trendline support is weakening, which could lead to a potential breakdown.
  • Chainlink (LINK): Down 5.21%, trading at $12.71, with a 54% increase in trading volume to $625 million. Analysts predict a 35% price move soon, with a possible breakout in either direction.

What’s Next?

PayPal’s latest move could increase market exposure for Solana and Chainlink, but short-term price volatility remains high. Investors will be watching for further adoption trends and technical indicators to gauge where prices are headed next.

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Altcoin

Chainlink Unlocks 19M LINK as Whale Makes Big Moves

by Ouess
written by Ouess

Chainlink has unlocked 19 million LINK tokens worth $269 million as part of its routine quarterly release. While this isn’t unusual, the latest unlock has sparked interest due to a high-profile trader’s recent actions on the Hyperliquid platform.

Where Did the Unlocked LINK Go?

Out of the 19 million LINK tokens, 14.875 million LINK ($212.9 million) were transferred to Binance, likely to boost liquidity, as most LINK trading volume occurs there.

The remaining 4.125 million LINK ($56.2 million) moved to a multi-signature wallet (0xD50), following Chainlink’s usual distribution strategy.

Key LINK Unlock Stats:

📌 Since August 2022, Chainlink has unlocked 176 million LINK ($2.43B current value).
📌 151.3 million LINK have been deposited to Binance at an average price of $11.41.
📌 Chainlink still holds 342.5 million LINK ($4.7B) in non-circulating supply contracts.

This ongoing strategy aims to maintain liquidity and support trading volume, reinforcing LINK’s role in the crypto ecosystem.

High-Profile Trader Shifts Focus to LINK

On-chain data from Lookonchain reveals that a well-known whale, dubbed “ETH 50x Big Guy,” has recently made bold moves in LINK trading.

Whale’s Trading Activity:

🔹 Opened a $31,000 long position on LINK with 10x leverage.
🔹 Executed trades on Hyperliquid and GMX.
🔹 Purchased 863,174 LINK ($12.1 million USDC).
🔹 Gradually swapped LINK into stablecoins just hours after opening the position.

This trader gained notoriety after a $4 million leveraged trade loss on Hyperliquid. Following this, the platform announced risk management updates to prevent similar large-scale liquidations.

Hyperliquid Tightens Trading Rules

To address risks from large leveraged trades, Hyperliquid will update margin requirements starting March 15.

🔸 Traders must maintain a 20% margin ratio on margin transfers.
🔸 Cross-margin trading will remain unaffected unless usage exceeds 5x after opening an isolated position.
🔸 The update aims to reduce market impact from large trades while still allowing up to 40x leverage.

LINK Price Rebounds Despite Market Volatility

Despite these major transactions, Chainlink’s price rose 4% in the last 24 hours, reaching $13.90. This recovery follows a 12% weekly decline and a 27% drop over the past month.

With whale activity, ongoing token burns, and market adjustments, LINK remains a closely watched asset in the crypto space.

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Altcoin

Chainlink Price Dips as $30 Resistance Holds

by Ouess
written by Ouess

The native cryptocurrency of Chainlink (LINK) is under pressure, falling 2% during Tuesday’s market session. While Bitcoin continues to set new highs, LINK is facing challenges, with strong selling activity at the $30 mark limiting its growth.

Whale Activity Sparks Optimism

Despite the price pullback, on-chain data shows encouraging signals. A prominent crypto whale withdrew another 100,000 LINK, worth $2.95 million, from Binance earlier today. According to Lookonchain, this whale has accumulated 529,999 LINK tokens, valued at $15.5 million, over the past three days.

https://twitter.com/lookonchain/status/1868843017500807324?t=YXcykW_oJ1hyTR4BKW4XuA&s=19

Typically, such large-scale withdrawals indicate bullish sentiment. When whales move tokens off exchanges, they are often preparing for long-term holding or staking, reducing sell-side pressure in the market.

Fibonacci Levels Show Key Support Zones

Chainlink has faced aggressive selling above $30 since last weekend. This is evident in the rejection candles seen on the price chart. While Bitcoin’s rally above $100k has propelled most altcoins upward, LINK buyers are struggling to sustain a breakout beyond $30.

If the selling continues, LINK could drop 6% to test the $25.6 support level. This level aligns with the 23.6% Fibonacci retracement and the 20-day EMA, providing a potential bounce point for buyers.

Should support hold at $25.6, buyers may attempt to retake the $31 resistance, with a potential rally toward $36. This would represent a 30% growth opportunity. Additional key support lies at $25.7 and $22.2, corresponding to the 38.2% and 50% Fibonacci levels.

Outlook for Chainlink Buyers

While LINK’s recent price action shows signs of resistance, the ongoing accumulation by whales could signal a positive turn. If the coin finds support at key Fibonacci levels, it may regain upward momentum. For now, traders should monitor the $25.6 support zone and volume trends for signs of a potential breakout.

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Story

TRON Integrates Chainlink to Enhance DeFi Security

by Ouess
written by Ouess

TRON has announced a strategic partnership with Chainlink, adding Chainlink’s trusted data feeds to its DeFi infrastructure.

This collaboration represents a significant upgrade, designed to enhance the security and reliability of TRON’s decentralized finance (DeFi) offerings.

How Chainlink Data Feeds Benefit TRON DeFi

Chainlink’s data feeds are essential for delivering accurate, tamper-resistant price data to decentralized applications (dApps). TRON’s largest DeFi platforms, including JustLend and JustStable, now have access to secure off-chain data to support safe transactions and settlement of smart contract.

During the recent SmartCon 2024 event, Chainlink revealed that its Data Feeds protect tens of billions of dollars in total value locked (TVL) across DeFi protocols and have powered over $16 trillion in blockchain transactions. Justin Sun, TRON’s founder, shared his excitement, noting this move will support over $6.5 billion in TRON’s TVL.

New Oracle Solution Replaces WINkLink

This integration replaces TRON’s previous oracle, WINkLink, with Chainlink’s proven infrastructure. Known for its security and accuracy, Chainlink’s solution safeguards smart contracts from manipulation risks by delivering essential price data.

TRON joins other major blockchains adopting Chainlink’s oracles, enabling secure access to external data sources. The move aligns with TRON’s efforts to establish itself as a leading player in DeFi while focusing on innovation despite past challenges linked to regulatory scrutiny.

Chainlink’s SCALE Program Lowers Costs for Developers

Through Chainlink’s SCALE program, TRON aims to ease entry for developers by initially covering operational costs, including transaction fees for Chainlink oracles. This subsidy will remain until dApp usage is sufficient to cover these costs, reducing barriers for developers and promoting innovation within the TRON ecosystem.

Sam Elfarra, TRON DAO’s community spokesperson, emphasized the partnership’s value, saying it gives TRON developers access to “the industry-leading data oracle solution.” By partnering with Chainlink, TRON continues to bolster its DeFi infrastructure, reflecting its commitment to security and the decentralized future.

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Altcoin

Chainlink (LINK) Eyes $15 as Bullish Momentum Builds

by Ouess
written by Ouess

Chainlink (LINK), a prominent player in blockchain technology, is gaining momentum with bullish signs pointing to a possible breakout. Recently, LINK has formed an ascending triangle pattern, a setup known for its bullish implications.

This trend has investors and analysts eyeing the $15 mark as a critical target for further gains, hinting at a promising outlook.

Chainlink Price Target: Analysts Set $15 as Key Breakout Level

Crypto analysts recently highlighted Chainlink’s bullish setup, with LINK nearing a significant breakout point. The price action is moving within an ascending triangle pattern, indicating the potential for a sustained bullish run. If LINK breaks past its current resistance level, it could unlock further upside movement.

As LINK nears $12.10, the next target lies at $13, with $15 identified as a crucial breakout point. Success in crossing this resistance could confirm a lasting uptrend, adding strength to Chainlink’s growth potential.

Technical Indicators Reinforce Bullish Sentiment

The Moving Average Convergence Divergence (MACD) indicator points to further gains, as the MACD line has crossed above the signal line, a classic bullish sign. Positive green bars on the MACD histogram signal growing buying pressure, underscoring the potential for continued momentum.

Holder Profitability Signals Support for Further Gains

Chainlink’s recent performance highlights solid profitability among its holders, with nearly 60% of LINK holdings “In the Money.” This high profitability, combined with the ascending pattern, strengthens Chainlink’s case for a potential rally, especially if the $15 target is reached.

Source: IntoTheBlock

Chainlink’s upward trajectory shows promising signs, with both technical patterns and rising investor optimism suggesting room for sustained growth. A successful move past $15 could further solidify LINK’s bullish position in the market.

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Altcoin

Chainlink Faces Bearish Trends Amid Network Inactivity

by Ouess
written by Ouess

Chainlink (LINK) is facing significant bearish pressure as network inactivity continues to impact its price. Despite some bullish signals in the broader market, Chainlink struggles to gain momentum.

Chainlink’s Bearish Indicators

The recent decline in Chainlink’s price might continue due to a troubling Network Value to Transaction (NVT) ratio. The NVT ratio, which has reached its highest level in over four years, suggests that the network’s value is overstretched relative to its transaction volume. This condition often precedes price corrections, signaling potential difficulties ahead for LINK.

Chainlink NVT Ratio. Source: IntoTheBlock

Adding to these concerns is Chainlink’s Relative Strength Index (RSI), a key momentum indicator. Currently, the RSI is in negative territory, highlighting ongoing bearish momentum. While there are hints of bullish momentum building, LINK may struggle to break out until the RSI moves above the neutral line, signaling stronger buying pressure.

LINK Price Prediction: Recovery Remains Challenging

At its current price of $10.42, Chainlink is far from recovering its recent losses. With LINK at a ten-month low, the path to recovery seems uncertain. Consolidation below $11.00 appears to be the most likely scenario, with limited chances of a breakout. The altcoin could remain range-bound between $9.35 and $11.00.

However, if LINK manages to flip the $11.00 resistance into support, it might trigger an uptrend, potentially reaching $11.99. Breaking this level could invalidate the bearish outlook and open the door for further recovery.

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DeFi

Chainlink’s Digital Asset Sandbox Accelerates Web3 Adoption

by Ouess
written by Ouess

Chainlink Digital Asset Sandbox is revolutionizing how mainstream institutions pilot and explore digital assets. Launched on July 18, this turnkey solution helps legacy financial firms seamlessly enter the web3 space.

Accelerating Web3 Adoption

Chainlink’s Digital Asset Sandbox (DAS) is designed to enable financial institutions to launch tokenization pilots and proofs-of-concept within days. This platform accelerates digital asset innovation, allowing firms to experiment with the technology’s impact on their operations and business models.

Kevin Johnson from Euroclear highlights the DAS’s benefits, stating, “The Digital Asset Sandbox provides a safe environment for financial institutions and fintechs to experiment, learn, and build a strong business case for digital asset strategies.”

Cross-Chain Interoperability Protocol

Chainlink’s Cross-Chain Interoperability Protocol (CCIP) also plays a significant role in this ecosystem. CCIP enables asset and message transfers across multiple web3 networks. Since its permissionless rollout in April, the value of assets transferred via CCIP has skyrocketed from $5 million in mid-March to $177.8 million, as reported by Dune Analytics.

Conclusion

Chainlink’s Digital Asset Sandbox is a pivotal tool for mainstream institutions exploring web3. By providing a secure and versatile environment for tokenization and digital asset experimentation, DAS is set to drive significant advancements in the financial sector.

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Altcoin

Chainlink’s Soaring Surge: Breaking into Top 10 Cryptocurrencies Amidst Market Dynamics

by Ouess
written by Ouess

Chainlink (LINK), the cryptocurrency, has experienced a remarkable surge of 9%, surpassing the steady performance of Tron (TRX) and sparking conversations about its potential to enter the coveted top 10 cryptocurrencies by market capitalization.

With LINK’s price reaching $18.45, its market capitalization has now exceeded $10 billion.

LINK USD 7day Source : coinmarketCap

On the other hand, TRON’s modest gains haven’t been enough to keep up.

In terms of other major coins:

  • Bitcoin ( $BTC) has shown a mild change in the last 24 hours but exhibits positive weekly performance, indicating a resilient yet gradual increase in investor confidence.
  • Ethereum ( $ETH), the second-largest cryptocurrency, has experienced a slight dip in the past day but maintains a positive outlook for the week.
  • $BNB and Solana ( $SOL) have both shown positive weekly returns, hinting at potential growth among altcoins.

However, $XRP’s significant weekly decline raises questions about its immediate future in the volatile market, particularly after being heavily impacted by a massive hack affecting its co-founder, Chris Larsen.

Regarding Chainlink’s rise: Chainlink’s LINK token has reached a 22-month high at $18, marking the end of a three-month consolidation period and potentially paving the way for a sustained upward trend.

Market analysts emphasize LINK’s strength, particularly in comparison to major players like Bitcoin and Ethereum. Additionally, Chainlink plays a crucial role in the crypto infrastructure by connecting blockchains with essential external data through its oracles.

This essential function underscores its potential for further growth, with some analysts predicting a market value of tokenized assets reaching $16 trillion by 2030.

Notably, Chainlink has recently secured strategic integrations across platforms like Scroll, further solidifying its position in the cryptocurrency landscape.

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