The Maker (MKR) token has seen a notable surge in whale activity, with large transactions jumping by a staggering 1,400%. Despite this increase in large-scale transactions, technical indicators and on-chain metrics are sending mixed signals about the future direction of MKR's price.
Chainlink (LINK) trades at $14.60 after recent uptrends saw it escaping a prolonged consolidation range. Meanwhile, the altcoin encountered resistance after hitting the $15.27 daily high. LINK rebounded to its press time levels after hitting a 24-hour low at $13.91, and a historical setup suggests a potential surge to $35 – a 139.
For Maker to confirm a bullish breakout, it needs to flip the resistance at $1,550.
Aave (AAVE): Whales netflow surged by 1,000% this week as they accumulated AAVE, currently priced at approximately $182.95, partly due to interest following Donald Trumps recent election victory. Cardano (ADA): Whales purchased about 130 million ADA, raising the total holdings and boosting the price to around $0.43, with a 25.31% increase, reflecting confidence in ADAs growth potential.
As crypto grows, so does the list of complex terms to understand — like utility tokens.
Chainlink price is currently facing resistance after breaking out of an extended consolation zone. LINK price is down 2.1% in the last 24 hours and is trading at $14.71.
Chainlink, a blockchain service provider, is advancing Brazil's plans for a central bank digital currency (CBDC) by collaborating on the DREX pilot project alongside major players like Microsoft Brazil, Banco Inter, and 7COMm.
Experts believe the partnership sets a powerful precedent, showcasing the potential of decentralized tools in centralized financial systems.
Chainlink Labs, a blockchain oracle service provider, has joined forces with Microsoft Brazil and other industry players to work on the second phase of Brazil's central bank digital currency (CBDC) initiative, DREX.
Brazil's Central Bank has initiated phase two of its DREX digital currency pilot program, partnering with Microsoft, Chainlink, and other tech firms to test automated cross-border payments
The Central Bank of Brazil is partnering with Chainlink, Microsoft, and others to develop DREX, a new CBDC. DREX will specialize in cross-border trade rather than everyday use, incorporating artificial intelligence (AI) oracle technology.
The Central Bank of Brazil (BCB) is advancing its central bank digital currency (CBDC) framework initiative by collaborating with Banco Inter, Microsoft Brazil, 7COMm, and Chainlink, according to a Nov. 19 statement. The partnership aims to support trade finance solutions in the second phase of Brazil's DREX pilot program.
The Central Bank of Brazil (BCB) has selected decentralized oracles provider, Chainlink, as one of the partners for its digital currency pilot, DREX. According to the announcement, the apex bank also selected Banco Inter, Microsoft Brazil, and 7COMm.
Chainlink's breakout from a descending channel ignites hopes for a surge to $23.
Blockchain oracle service provider Chainlink (LINK) is working on a pilot project for Brazil's proposed central bank digital currency (CBDC) called DREX with Microsoft and other firms in the country.
Sky co-founder Rune Christensen told Decrypt that Solana support "marks the beginning of a new multi-chain era for USDS."
Phase two of Brazil's Drex CBDC pilot launches.
AAVE is expected to see further declines from its current levels before stabilizing.
Aave, a leading decentralized finance (defi) protocol, may soon expand its footprint in the Bitcoin ecosystem with a proposal to deploy its Version 3 (V3) on the Spiderchain network.
Uniswap price has moved into a local bear market, falling by over 23% from its highest point this week as cryptocurrencies lose momentum. The UNI token was trading at $8.27 on Friday, November 15 as some crypto analysts remain optimistic that it will bounce back.
The 30-day MVRV ratio for AAVE was at -4%. Hence, it could be deemed relatively cheap and a great buy at current prices.
The potential deployment on a Bitcoin layer-2 by the largest DeFi lending protocol highlights the appetite for harnessing the original blockchain for purposes that are commonplace elsewhere in the crypto ecosystem.
World Liberty Financial (WLF) aims to achieve its aim of launching the next wave of broad defi adoption through the security and dependability of Chainlink.
World Liberty Financial, a decentralized finance platform backed by President-elect Donald Trump, has partnered with Chainlink to integrate real-time data feeds.
Uniswap (UNI) price has struggled recently, dropping almost 5% in the last 24 hours and down 5.24% over the past week, despite Bitcoin's recent surge. The recent decline highlights the weakness in UNI's momentum, with technical indicators suggesting a cautious outlook.
Donald Trump backed the decentralized finance (DeFi) project, World Liberty Financial (WLFI) said it would integrate Oracle Chainlink for on-chain data and cross-chain interoperability. In an official announcement, the protocol said that tapping Chainlink technology will allow its project to better integrate with the crypto ecosystem.
World Liberty Financial collaborates with Chainlink to secure its DeFi ecosystem with robust data feeds, cross-chain compatibility, and governance tools. This partnership underlines WLFI's focus on enhancing DeFi's reliability and utility. The post Trump's World Liberty Financial Adopts Chainlink for DeFi Expansion appeared first on Cryptonews.
The WLFI protocol will first integrate with Chainlink price feeds on the Ethereum mainnet to enable the launch of its World Liberty Financial Aave V3 instance soon.
World Liberty Financial's WLFI token is only available to accredited investors inside the United States and non-US residents.
The strategic alliance between WLFI and Chainlink aims to redefine security and interoperability in the world of decentralized finance.
World Liberty Financial integrated Chainlink for secure, reliable on-chain data and cross-chain interoperability as it prepares to launch on Aave v3.
Donald Trump's World Liberty Financial (WLFI) has partnered with Chainlink to help secure its DeFi ecosystem. The DeFi protocol will adopt Chainlink's standard for on-chain data and cross-chain interoperability to help ensure a successful launch.
World Liberty Financial (WLFI), a DeFi project backed by US President-elect Donald Trump, has partnered with Chainlink to accelerate DeFi adoption. This new alliance, announced on Nov. 14, names Chainlink as WLFI's primary provider for on-chain data and cross-chain connectivity.
TL;DR World Liberty Financial (WLFI) integrates the Chainlink standard to ensure security and connectivity in the DeFi network. The integration will support the launch of WLFI's Aave v3 instance on the Ethereum mainnet. WLFI seeks to democratize access to decentralized finance by promoting the use of dollar-backed stablecoins.
Trump-associated World Liberty Financial has selected Chainlink for data feeds integration to support Aave v3.
"I appreciate that they are approaching their launch with a strong focus on security,” said Chainlink co-founder Sergey Nazarov.
Chainlink will provide crucial pricing data and cross-chain interoperability infrastructure for the nascent DeFi platform.
The partnership could accelerate DeFi's integration with traditional finance, potentially reshaping global financial systems and privacy norms. The post Trump-backed World Liberty Financial taps Chainlink to drive mass DeFi adoption appeared first on Crypto Briefing.
World Liberty Financial (WLFI), a project inspired by Donald Trump's vision of financial independence, has announced its adoption of Chainlink's infrastructure.
Chainlink could be ready for a comeback, thanks to its growing role in two emerging trends in the blockchain world.
TL;DR Curve Finance launches scrvUSD, a new stablecoin designed to offer low-risk returns and enhance the scalability of its underlying stablecoin, crvUSD. scrvUSD generates returns through lending and staking strategies, providing users with interest derived from yield-generating activities.
Bitcoin (BTC) soared past $90,000, setting a new all-time high as the crypto market resumed its rally, with major cryptocurrencies surging. BTC surged to a new all-time high of $93,409 late on Wednesday, and the Bitcoin Dominance Index, which measures its share of the crypto market, reached 61%, a level not seen since 2021
Chainlink whales have accumulated over 15 million LINK tokens worth $165 million in the past two months, coinciding with increased trading activity and a break above the 200-day moving average at $12.80.
The DeFi platform Curve Finance has announced the launch of a new stablecoin called "Savings crvUSD" (scrvUSD).
Chainlink (LINK) has seen a whirlwind of price activity, surging 50% before experiencing a sharp 15% retracement within 10 days. This volatility showcases the potential and unpredictability surrounding LINK's recent price action, drawing attention from analysts and investors alike.
Uniswap (UNI) has experienced a dramatic surge in price over the past week, climbing by a robust 38%, reaching highs not seen in nearly five months. On November 12, 2024, the token saw a swift 17.46% rally within just one hour, pushing its price from $9.16 to $10.76.
Ensuring that decentralized finance platforms and networks do not remain siloed is a key hurdle for DeFi applications to overcome.
Chainlink whales have accumulated 15 million tokens worth $165 million over the past two months.