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Chainlink (LINK) is experiencing significant whale activity, with over $44 million accumulated during a recent price dip. In the past five days, 1.37 million LINK, valued at $34.1 million, was withdrawn from Binance into self-custody wallets, indicating large investors are preparing for market shifts. Analysts note a critical support level at $22, while predictions suggest LINK could rise to $35.56 by January 2025.
A prominent cryptocurrency trader suggests that Chainlink (LINK) is forming a bullish reversal pattern, potentially signaling a breakout. The trader notes a perfect Adam and Eve bottom structure, reminiscent of Bitcoin's 2019 movement, as LINK trades at $24.44, down 4.7% in the last 24 hours. Additionally, the DeFi sector appears to be "de-risked" following reports of significant DeFi token purchases by Donald Trump's World Liberty Financial platform.
Donald Trump's administration faces scrutiny over potential conflicts of interest in the cryptocurrency sector, particularly through his involvement with World Liberty Financial, which is backed by controversial figures like Justin Sun. While Trump has shifted to a pro-crypto stance, analysts warn that deregulation could lead to significant risks, including vulnerabilities in financial security and national security implications. The recent court ruling on Tornado Cash highlights the ongoing debate over regulatory oversight in the rapidly evolving crypto landscape.
World Liberty Financial (WLFI) has invested $2.5 million USDC in Ethereum through Cow Protocol, reinforcing its commitment to the DeFi sector. This investment is part of a broader strategy that includes a $45 million portfolio across various assets and the introduction of a tailored Aave v3 protocol, enhancing liquidity and user rewards. Notable figures like Justin Sun have also backed WLFI, which has raised over $72 million towards its $300 million goal.
Cardano, Stellar, and Chainlink have recently surged, driven by the "Trump pump," but face uncertainty as the market corrects. While Chainlink has shown resilience with significant institutional interest, Cardano's active addresses have dropped sharply, and Stellar remains more stable. As 2025 approaches, Chainlink appears to be the safer long-term investment amid market volatility.
The Digital Chamber is calling for the SEC to "reset" its relationship with the crypto sector as Donald Trump prepares to return to the presidency. The advocacy group argues that Trump's crypto-friendly policies could foster transparency and cooperation, addressing regulatory concerns in his first 90 days. They also criticized the SEC's previous regulatory approach under Gary Gensler, advocating for clearer guidelines to help market participants comply with regulations.
World Liberty Financial (WLFI) has partnered with Ethena Labs, a synthetic dollar protocol backed by BitMEX founder Arthur Hayes. This collaboration aims to integrate Ethena Staked USDe (sUSDe) as a core collateral asset in WLFI’s upcoming Aave instance, enhancing stablecoin liquidity and providing users with additional rewards. The proposal is subject to Ethena’s governance process before implementation.
World Liberty Financial (WLFI) is integrating the sUSDe stablecoin into its DeFi ecosystem through a partnership with Ethena, proposing dual rewards in sUSDe and WLFI's WLF tokens to enhance liquidity. WLFI has invested $500,000 in Ethena and $250,000 in Ondo, expanding its digital asset portfolio to $83 million, with ETH as the largest holding at $57 million. The initiative aims to position WLFI's Aave v3 instance as a competitive DeFi destination, coinciding with a broader strategy to strengthen its presence in the digital asset sector.
President-elect Donald Trump met with Crypto.com CEO Kris Marszalek at Mar-a-Lago, where they discussed a federal bitcoin stockpile and a crypto-friendly regulatory framework. Following the meeting, Crypto.com dropped its lawsuit against the SEC, signaling optimism about Trump's regulatory approach. Trump has pledged to implement regulations crafted by industry supporters and plans to replace SEC Chair Gary Gensler with former Commissioner Paul Atkins.
President Biden has expressed support for banning congressional stock trading, stating that members should not profit from the stock market while in office. This follows bipartisan efforts to restrict trading among lawmakers, including potential regulations on cryptocurrencies. The president's comments come amid concerns about conflicts of interest, particularly with lawmakers holding significant crypto investments.
World Liberty Financial (wlfi.club) USD
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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