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Ripple has partnered with Chainlink to enhance its RLUSD stablecoin by integrating secure, on-chain data feeds. This collaboration aims to provide accurate pricing data essential for DeFi applications, positioning RLUSD for broader adoption across financial platforms. With a current market cap of $77 million, RLUSD operates on both the XRP Ledger and Ethereum, leveraging Chainlink's decentralized infrastructure for reliable data.
Chainlink has launched Smart Value Recapture (SVR) to address Maximal Extractable Value (MEV) issues in DeFi, allowing lending protocols to recover value lost during liquidations. The initiative, which integrates with flashbots for auctions, allocates 60% of captured value to DeFi protocols and 40% to Chainlink, with an exclusive partnership with Aave increasing the latter's share to 65% for six months. Following the announcement, LINK surged nearly 9%, while AAVE rose over 15%, reflecting strong market interest despite both tokens remaining below their all-time highs.
Chainlink has introduced a new oracle solution called Smart Value Recapture (SVR) to help DeFi applications recapture non-toxic Maximal Extractable Value (MEV) during liquidations, aiming to reclaim about 40% of lost value. In partnership with Aave, the initial split will favor DeFi protocols at 65% for the first six months. Following the announcement, LINK surged 9%, while AAVE experienced a 15% increase, marking significant price movements in the DeFi sector.
MicroStrategy's stock has surged 546% this year, pushing its market cap to $99.4 billion, largely due to its substantial Bitcoin holdings of 439,000 BTC. If Bitcoin reaches $138,000, MicroStrategy could surpass Starbucks and Nike in market valuation, with a potential market cap of $114 billion. Analysts suggest that the company's debt, currently at $7 billion, is manageable compared to its Bitcoin assets valued at around $47 billion, although concerns about its debt-based acquisition strategy persist.
Chainlink's price action has mirrored Ethereum's historical patterns, suggesting a potential rise toward $90, especially as whales and institutions increase their holdings. LINK's Futures Open Interest has surged to a record $770.27 million, indicating growing trader confidence. Notably, Donald Trump's World Liberty Financial has aggressively accumulated LINK, reflecting a bullish outlook on its future potential.
World Liberty Financial Initiative (WLFI), backed by President-elect Donald Trump, has made headlines with a $12 million acquisition of Ethereum, Chainlink, and Aave tokens. This strategic investment, which includes 2,631 ETH, 41,335 LINK, and 3,357 AAVE, has increased WLFI's crypto holdings to over $74.7 million and sparked speculation about a pro-crypto agenda under Trump's administration. The purchases have also positively impacted market conditions, with LINK and AAVE prices rising over 25% within 24 hours.
Zach Rynes
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Ripple partners with Chainlink to enhance RLUSD stablecoin for DeFi growth
United States Dollar
Coinbase Global, Inc.
Ripples USD
Chainlink USD
USA
Johann Eid
Jack Mcdonald
Zach Rynes
Show more
01:00 08.01.2025
Chainlink launches Smart Value Recapture to address MEV challenges in DeFi
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MicroStrategy poised to surpass Starbucks and Nike if Bitcoin rises
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Chainlink's price potential rises as whales and institutions increase holdings
20:00 13.12.2024
Trump backed World Liberty Financial invests 12 million in Ethereum and DeFi tokens
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