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Chainlink (LINK) faces potential volatility as a whale withdrew 100,000 LINK worth $2.95 million from Binance, contributing to a total of 529,999 LINK ($15.5 million) pulled in three days. Despite a recent rally of nearly 25% and strong institutional partnerships, concerns arise over possible sell-offs if market sentiment shifts. Analysts are divided on LINK's future, with resistance levels at $30 and targets ranging from $34 to $61.
Hedera Hashgraph partners with SpaceX to enhance data tracking for space missions, driving HBAR's price up 310% this year. Meanwhile, Tron experiences a bullish resurgence, doubling its price amid strategic investments, while Lunex Network emerges as a leading DeFi platform, raising over $5 million with innovative cross-chain trading capabilities.
At the Bitcoin MENA 2024 Conference, Eric Trump announced that U.S.-issued cryptocurrencies, including XRP, ADA, ALGO, and HBAR, will be exempt from taxation under his father's administration. This initiative aims to position the U.S. as a global crypto hub, contrasting with Italy's high capital gains tax on Bitcoin. The proposal is expected to attract non-U.S. crypto projects and potentially boost the market, although experts warn of possible volatility.
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