Chainlink price rose sharply on Thursday as its rising adoption by institutional investors drew in Trump-backed World Liberty Financial.

World Liberty Financial (WLFI), a cryptocurrency project supported by President-elect Donald Trump, sparked significant market movements early Thursday by purchasing millions of dollars in Ethereum (ETH), Chainlink (LINK), and Aave (AAVE).

The Trump-endorsed DeFi initiative acquired 2,631 ETH, 41,335 LINK, and 3,357 AAVE via its multi-signature wallet.

A widely followed cryptocurrency analyst and trader is predicting one top 20 altcoin will soon have an explosive breakout. The analyst pseudonymously known as Bluntz tells his 304,200 followers on social media platform X that Ethereum (ETH)-based decentralized oracle Chainlink (LINK) may surge after completing an ABC correction on the 12-hour chart.

Chainlink (LINK) is outperforming major cryptocurrencies and solidifying its role as a leading blockchain oracle. With strategic partnerships, will LINK hit $50 soon?

Bitcoin (BTC) reclaimed $100,000 after registering an increase of over 4% in the past 24 hours as the crypto market rallied following the release of the November inflation data. The world's largest cryptocurrency almost crossed $102,000 after reaching an intraday high of $101,819 before retreating to its current level.

With Bitcoin surpassing $100K and Trump's financial fund diving into DeFi, altcoins like AAVE, LINK, and ETH are gearing up for massive growth. On-chain data hints at which token might lead the explosive rally.

President-elect Donald Trump is once again in the headlines after his new crypto venture, World Liberty, spent $12 million buying Ethereum, Link, and Aave. The wallet spent the majority of the funds buying Ethereum and the rest of the funds were distributed to Chainlink and Aave purchases.

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Trump-backed World Liberty Financial purchased $12 million worth of cryptocurrencies, causing price surges in ETH, AAVE, and LINK tokens

Trump's World Liberty Financial has made a bold move in the crypto space, significantly increasing its holdings in Ethereum, Aave, and Chainlink (LINK). As a result, ETH jumped by 8%, Aave gained 33%, and Chainlink price shot up 30%.

The crypto market today has been super optimistic with the market capitalization of the industry soaring by 5.25% to $3.64 trillion. This move was catalyzed by Bitcoin reclaiming the $100k mark on its daily chart. Despite the greenish numbers, the trading volume took a hit of 24.07%, settling down at $216.31 billion.

Aave recorded significant gains, emerging as the top gainer among the leading 100 crypto assets, amid the market-wide bullish momentum. Aave (AAVE) surged 34% in the past 24 hours and is trading at $355 at the time of writing.

On Dec. 12, the WLFI multisignature wallet recorded transactions worth $12 million, with the bulk spent on Ethereum. The post Trump-Backed WLFI Buys $12M in ETH, LINK, and AAVE, Total ETH Holdings Reach $56M appeared first on Cryptonews.

The AAVE token purchases came as a proposal to float a World Liberty Financial instance on Aave met quorum.

World Liberty Financial (WLFI) recorded transactions with millions of dollars of USD Coin (USDC) to acquire more Altcoins; suddenly, the price surged.

Balancer's version three (v3) launch introduces innovations like Boosted Pools, a Hooks Framework, and a strategic partnership with Aave, aiming to enhance liquidity optimization, security, and developer tools in the decentralized finance ecosystem.

Balancer has unveiled its V3 upgrade, which will optimize liquidity, intensify trading volume, and offer advanced tools for developers.

Balancer, a decentralized exchange and automated portfolio management protocol, has announced that its v3 upgrade is now live.

Aave is about to launch its protocol on Linea following a community vote, months after its forked rival faced scrutiny on the same network.

Decentralized exchange Balancer has launched its V3 platform upgrade, focusing on liquidity optimization and improved developer tools.

Chainlink price is on track for the first weekly drops in a month as the recent rally in the cryptocurrency industry took a breather. Its retreat has mirrored that of other altcoins like Ethereum and Cardano.

Coinbase integrates Chainlink's CCIP into Project Diamond for enhanced cross-chain asset management under ADGM regulation, with Peregrine PSG Digital as its first major user.

Chainlink has partnered with Coinbase's Project Diamond to enhance tokenized asset management with interoperability and regulatory compliance in the Asia-Pacific region.

Chainlink Labs announced the expansion into the MENA region with an office in Abu Dhabi to feed the local demand in a regulated manner.

AAVE experiences 150% surge in whale transactions while approaching $300 mark, accompanied by increased exchange inflows and a large liquidation pool at $291.

Chainlink Labs has officially set up an entity in the Abu Dhabi Global Market (ADGM), marking its entry into the Middle East and North Africa (MENA) region. This development positions the blockchain interoperability leader to cater to the growing demand for decentralized finance solutions in the area.

A few bullish signals might be key to turning AAVE's fortunes around.

Chainlink (LINK) has shown promising signs in its price action, with technical indicators pointing to the possibility of a significant price surge. Analysts are optimistic about the cryptocurrency's future as it has formed a notable ascending triangle pattern, which typically signals a continuation of the current trend.

Chainlink has partnered with Coinbase's Project Diamond, the latter being Coinbase's digital asset platform designed for global institutions.

Coinbase announced that it's adopting the Chainlink standard for Project Diamond, a digital asset platform for global institutions. The Project's flagship user will be Peregrine, a PSG Digital subsidiary based in Abu Dhabi.

Coinbase's Project Diamond has adopted the Chainlink Standard to drive institutional adoption of digital assets, according to a Dec. 10 statement shared with CryptoSlate. Project Diamond, managed by Coinbase Asset Management, focuses on serving institutional users outside the US.

Chainlink has integrated its Oracle network with Coinbase's Project Diamond, a digital asset platform designed for institutional adoption. This partnership will enhance the lifecycle management of tokenized assets, ensuring interoperability between public and private blockchains.

Chainlink will enable verifiable data transmission and crosschain interoperability for Coinbase's Project Diamond.

Coinbase has announced the integration of Chainlink's cross-chain interoperability technology into its Project Diamond platform to accelerate institutional adoption of digital assets. Project Diamond is Coinbase's compliant digital asset platform designed to facilitate crypto adoption for global institutions.

Chainlink witnessed double-digit price declines in the last 24 hours, and things might get worse.

Chainlink price has recently faced a market correction following its impressive rally over the past month. The LINK price has seen a bullish trend recently following the crypto market, with BTC hovering above $98k.

Technical analysis reveals Chainlink forming an ascending triangle pattern below $27 resistance, with multiple indicators suggesting potential for a 30% price increase to $33, though recent bid-ask data shows increasing sell pressure.

The crypto market is plunging down! The drop in the Bitcoin price has slashed the prices of the majority of the tokens, including Chainlink & Litecoin. Meanwhile, as the markets are trying to cope with the massive sell-offs, the bulls seem to be confident of these two top tokens.

The resistance level at around $27 could be decisive, as a break above this level could confirm a bullish breakout for Chainlink.

Aave (AAVE) is one of the key players in the decentralized finance (DeFi) space, offering users the ability to borrow, lend, and stake cryptocurrencies without relying on traditional intermediaries. Over the years, Aave has gained traction for its innovative approach to decentralized finance, and many investors are keen to understand how AAVE's price could evolve in the coming years.

Aave, one of the most well-known platforms in the decentralized finance (DeFi) space, is showing signs that its token, AAVE, could experience a significant price jump. Despite a small drop in price recently, multiple factors suggest that the token might soon rise in value.

Chainlink (LINK) might witness a breakout as several metrics favor the cryptocurrency in the last three weeks. Notably, data shared by IntoTheBlock, a market intelligence platform on X, show promise.

Chainlink Price has experienced a significant surge since early November, climbing 80% and reaching its highest point since January 2022. The cryptocurrency maintained a strong uptrend for three weeks before encountering a mild market correction.

Chainlink (LINK) is currently in the spotlight as it inches closer to its three-year price peak. With a 7.22% price surge over the last 24 hours, LINK is trading at $24.96, just 10.8% below its three-year high of $27.89 reached in January 2022.

It was a sea of red in the crypto industry, with Bitcoin price falling to $98,000 and the total market cap of all coins falling by almost 4%. Still, cryptocurrencies have been the best-performing assets in the last decade, with most of them beating traditional assets like stocks and gold.

Bitcoin (BTC) dipped below the $100,000 level earlier today as its price continues to consolidate while facing resistance around the $101,000 mark. The price had risen to $101,267 early during trading but fell considerably to a low of $99,113 before marginally recovering to settle at its current level.