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The US Department of Commerce has selected oracle providers Pyth Network and Chainlink to publish gross domestic product (GDP) data on blockchains including Bitcoin, Ethereum, and Solana. The news sent PYTH parabolic with a 90% surge to trade at $0.2219 as of 6:29 a.m. EST. “This is the first time a federal agency has published economic statistical data like this on the blockchain, and the latest way the Department is utilizing innovative technology to protect federal data and promote public use,” the government department said in a press release .  “It’s only fitting that the Commerce Department and President Donald Trump, the Crypto-President, publicly release economic statistical data on the blockchain,” said US Secretary of Commerce Howard Lutnick.  “We are making America’s economic truth immutable and globally accessible like never before, cementing our role as the blockchain capital of the world,” he added. US Departmen...

The Chainlink platform has inked a new deal with Turkish bank Misyon to bring on-chain data feeds and further tokenization to the bank. The deal has sparked optimism in the market, especially around the Chainlink LINK cryptocurrency. Currently trading below $17, LINK has slumped in the past week, down over 5%. The asset saw a slight spike upwards after the announcement to $18, but was met with resistance. Could the new Turkey deal send Chainlink back up? Many analysts are eyeing a potential LINK surge to $52 as real-world asset tokenization picks up steam throughout 2025. The asset has climbed over 20% in the last 30 days, driven by rising institutional interest and key bullish patterns on the price charts. A crypto analyst on X Ali Charts recently discussed LINK’s potential this August, revealing that the previous $28 forecast for July could come true. “Chainlink LINK looks to be in the middle of a bullish retest at the breakout zone,” the analyst wrote on a post to X. “This setup co...

There is no denying that the cryptocurrency market has been increasingly volatile throughout the first few months of the year. Yet, with Bitcoin turning things around in a big way, there is hope for emering. That being said, can Chainlink (LINK) reach a $19 price point before Memorial Day kicks off the official start to summer? The week has seen Bitcoin reach a new all-time high of $111,000 in a record-setting surge. That could be an indication of what investors are likely to see take place in the coming weeks. Moreover, Chainlink may be set to be an asset that gets a major boost from the shift. Source: Binance Academy Also Read: Chainlink Doubles Investor’s Money: Should You Invest in LINK Now? Chainlink to $19? Here’s What to Expect From LINK to May End Chainlink has been at the center of some incredible developments in the digital asset sector this year. Indeed, it was a key part of JPMorgan’s groundbreaking inaugural public tokenized transaction. Both the network and Ond...

Crypto Whales have dumped over 170 million in Chainlink (LINK) in the last three weeks, signaling concerns of a potential price crash. In the last 30 days, LINK is down 18%, with selling pressure around the altcoin growing. Despite the coin being added for transactions on the PayPal payment service , momentum around LINK remains negative, causing some concern that the asset’s price will continue to decline. After weeks of volatility and downside moves, bulls continue to struggle to regain control, with LINK failing to break above key resistance levels. According to on-chain data from Santiment, whales have sold over 170 million LINK in the last three weeks. Whale activity around an asset is often looked at when analyzing a cryptocurrency’s next price movement. This significant outflow from large holders has fueled speculation that an additional downside may come. Chainlink is down 17% since March 26. Its trading volume in the last 48 hours is also down over 20%, with smaller...

The cryptocurrency market had certainly struggled since the turn of the calendar, despite high hopes for the new year. That changed this week, with a host of assets turning around in a big way. One of the biggest movers was Chainlink; with Whales buying up $20 million in LINK, the overall market recovery has $38 in view. Chainink was among the most interesting cryptocurrencies entering 2025. The asset looks to be one of the big players in the ongoing tokenization trend, completing a highly publicized pilot project with JPMorgan, Franklin Templeton, and BNY Melon. Now, with the market enjoying a reversal, LINK looks to be one of the big leaders. Source – Islamic Finance Guru Also Read: Chainlink to Breakout? LINK Eyes 37% Jump Before January End Chainlink Eyes $38 as Crypto Market Rebounds: Where Will LINK End January 2025? The arrival of 2025 brought with it high hopes for the digital asset industry. Although those are still expected, the start of the year proved rocky, to say the...

The potential approval of altcoin exchange-traded funds (ETFs) in the U.S. could significantly influence cryptocurrency prices and expand investor access. Bloomberg ETF analyst Eric Balchunas predicts that ETFs for altcoins like XRP, Litecoin, Hedera, and Solana may receive regulatory approval soon. If approved, these ETFs would allow institutional and retail investors to engage with altcoins via traditional financial markets, boosting demand and liquidity. This reflects the increasing acceptance of digital assets within regulated systems. With market sentiment bullish, investors may find this a suitable time to explore top-performing cryptocurrencies showing growth potential and assess risks for informed decisions. This article will examine some of the best cryptocurrencies to invest in right now . Best Cryptocurrencies to Invest in Right Now Chainlink has joined forces with Hedera to integrate its decentralized oracle technology. Meanwhile, Cardano is experiencing increased activ...

The Chainlink price pumped 20% in the last 24 hours to trade at $27.06 as of 11:13 p.m. EST on trading volume that dropped 12% to $2.6 billion. The LINK price surged after news that World Liberty Financial (WLFI), a decentralized finance project promoted by President-elect Donald Trump and his family, has invested $1 million in Chainlink. WLFI acquired 41,335 LINK tokens at $24.2 each and also invested in Ethereum (ETH) and Aave. LINK has surged by 80% in the past month, and there’s no sign its momentum is slowing down. Analysts are also expressing optimism about the Chainlink price rising even higher. One such analyst, Clifton Fx, shared his prediction on X, saying that he sees LINK revisiting its all-time high of $50. $LINK is ready for bullish rally📈#LINKUSDT #LINK #Crypto pic.twitter.com/GVFdr6rG0Y — Clifton Fx (@clifton_ideas) December 9, 2024 Chainlink Price Could Still Soar This LINK/USD (4-hour timeframe) chart displays a clear bullish trend over the...

A closely followed crypto strategist is suggesting that Ethereum (ETH) may be gearing up for a massive breakout. Pseudonymous analyst Inmortal tells his 218,100 followers on the social media platform X that Ethereum looks bullish after holding the $2,400 level as support on the daily timeframe. However, the analyst warns that it may take a while before ETH could potentially have an explosive rally and hit its March high of around $4,000. “I know ETH is the hated coin but: Structure is solid, $2,400 invalidation. Making a lower low feels unlikely. Time cost is what concerns me the most. A lot of better options out there. But even if it takes time, it feels like a high probability setup to go big.” Source: Inmortal/X ETH is trading for $2,525 at time of writing, down slightly in the last 24 hours. Next up, the analyst is expressing bullish sentiment on ETH-based decentralized oracle network Chainlink (LINK). “Believe in something.” ...

Major financial giants back stablecoin adoption. Visa and PayPal leaders voiced strong support at DC Fintech Week, stressing how stablecoins can change global payments. At the same event, Chainlink and Swift shared news of their blockchain breakthrough. Also Read: Michael Saylor’s Bold U-Turn: Embracing Self-Custody Amid Backlash How Visa and PayPal’s Stablecoin Adoption is Driving Crypto Milestones with Chainlink and Swift Major Financial Players Push for Integration Two key figures supported stablecoins. Visa’s crypto head, Cuy Sheffield, and PayPal VP Jose Fernandez da Ponte spoke about new uses beyond trading. They plan to cut costs and speed up global transfers. Both companies will soon add more stablecoin Features to their services, promoting stablecoin adoption in everyday transactions. Swift and Chainlink Break New Ground “The collaboration between Chainlink and SWIFT is a landmark achievement that underscores the potential of blockchain technology to revoluti...