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Grayscale’s Chainlink Trust has surged 65% in five days, driven by significant partnerships and increased institutional confidence in LINK. Key integrations, including with Coinbase’s Project Diamond and collaborations with Swift Network and Emirates NBD, enhance Chainlink's role in tokenized asset management. Whale activity has also surged, pushing LINK's price past $30 and indicating strong trust from traders and institutions alike.
Chainlink has experienced a significant rally, gaining nearly 25% in December, with a recent surge of 15% following a $1 million purchase of LINK tokens by the Trump-backed DeFi platform World Liberty. Currently trading around $28, the project is bolstered by a partnership with Emirates NBD and the launch of the Cross-Chain Interoperability Protocol (CCIP), raising speculation about its potential to reach $35 by year-end.
The Trump family's cryptocurrency venture, World Liberty Financial, has sparked controversy following a $30 million investment from the Tron platform, linked to funding groups like Hamas and Hezbollah. Eric Trump lauded the UAE's blockchain leadership at the Bitcoin MENA conference, while concerns arise over potential conflicts of interest involving key figures like Steve Witkoff, recently appointed as special envoy to the Middle East. The situation poses a significant test for the Trump administration's commitment to responsible crypto regulation amid growing US-UAE partnerships in fintech.
A decentralized real estate trading platform, Parcl (PARCL), built on Solana, has seen a nearly 50% surge after being added to Coinbase's listing roadmap. This platform allows users to trade synthetic assets representing real estate values through city indexes, providing diversified exposure to various markets. Currently, Parcl is trading at $0.516, down over 5% on the day.
Crypto Expo Dubai 2025 is set for May 21-22 at the Dubai World Trade Centre, promising to be the largest gathering in the MENA region for cryptocurrency and blockchain enthusiasts. The event will feature the inaugural HashMining Summit, focusing on innovations in crypto mining, alongside discussions on Web3, AI advancements, regulatory developments, and the rise of Bitcoin and DeFi derivatives. Attendees can expect extensive networking opportunities and insights into the future of digital finance.
Bybit, the second-largest cryptocurrency exchange, is temporarily adjusting its operations in the European Economic Area (EEA) to ensure compliance with evolving regulations, particularly regarding reverse solicitation. The company is pursuing a Markets in Crypto-Assets Regulation (MiCAR) license in Austria, aiming to enhance user protection and align with European standards. Existing customers can still access their crypto assets, and Bybit plans to re-engage with EEA clients once the necessary licensing is secured.
Prosper has acquired over 7,000 ASIC miners from BITMAIN and successfully closed a strategic funding round, aiming to democratize access to Bitcoin mining through tokenized institutional-grade hashrate. This initiative, backed by prominent investors, enhances the value for $PROS token holders and supports the growth of a decentralized mining ecosystem. With a focus on community governance and treasury operations, Prosper is positioned to solidify its status as a leading decentralized Bitcoin mining protocol.
Bitcoin is currently hovering around $100,000, with analysts suggesting that a drop in the supply in loss metric below 4% could indicate a prime opportunity for investors to take profits. Currently at 8.14%, this metric signals potential market euphoria, prompting caution against future bear market corrections. Despite this, some analysts remain optimistic, forecasting BTC could reach as high as $275,000 in the ongoing market cycle.
Binance's CEO Richard Teng stated that discussions about re-entering the US market are "premature" following the exchange's exit amid a $4.3 billion settlement over regulatory violations. The company is now focusing on global operations and has partnered with Circle to integrate USD Coin (USDC) into its treasury, aiming to strengthen its position in the stablecoin market.In other developments, Microsoft shareholders rejected a proposal to allocate profits to Bitcoin, while JPMorgan raised price targets for several Bitcoin mining stocks. Additionally, Bitwise predicts 2025 will see major crypto IPOs, including Circle and Kraken, as the market anticipates significant growth in Bitcoin's value.
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