Our weekly updates are put together by folks deep in the crypto scene, giving you a clear picture of what's happening without overwhelming you.
To Watch This Week
AIRDROPS + ALPHADec 13, 2024
Markets
Chainlink Hits 3-Year High Amid Record Futures Open Interest
Chainlink (LINK) has surged to its highest level since January 2022, reaching $29.45 on Thursday as demand for the asset from sophisticated investors continues to rise. The decentralized oracle network posted a 20% gain over the last seven days and a 119% increase over the past month, making it one of the best-performing cryptos in recent weeks, according to CoinGecko data. The rally comes as LINK’s futures open interest (OI) reached an all-time high of $770.27 million, Glassnode data shows. Thi...
Nov 28, 2024
Business
Bitwise Files To Turn $1.4 Billion Crypto Index Fund Into an ETF
Something interesting just landed on the U.S. Securities and Exchange Commission’s (SEC) desk: NYSE Arca, regarded as Wall Street's electronic home for exchange-traded funds (ETFs), wants to list Bitwise's $1.4 billion crypto index fund. The numbers on the document seem to show where the smart money thinks crypto is headed. Filed Wednesday, the proposed ETF reveals a carefully weighted portfolio that's anything but a crypto free-for-all. Bitcoin still commands the lion's share at 75.14%, while E...
Nov 14, 2024
DeFi
Trump Crypto Project Taps Chainlink for On-Chain Data
World Liberty Financial (WLFI), the decentralized finance (DeFi) project backed by Donald Trump and his family, announced its adoption of Chainlink’s (LINK) oracle service. As Decrypt reported in mid-September, president-elect Donald Trump launched WLFI, with plans to offer borrowing and lending services for cryptocurrencies on the Ethereum blockchain network, while also paying liquidity providers. Then in October, the project submitted a proposal to the governance forum of Ethereum (ETH) DeFi p...
Aug 29, 2024
Long Reads
How Celebrities Are Building ‘Unstoppable Communities’ With NFTs
Celebrities may seem like they have the world at their feet—but like the rest of us, they’re at the mercy of centralized gatekeepers, in their case the social media platforms that connect them with their fans. Those platforms can cut creators off from their audiences at a stroke, explained Andras Kristof, CEO of “unstoppable communities” platform Galaxis. “If YouTube gives you three strikes because their AI mistakes something, or for any reason, the owner of a platform decides that he doesn't li...
Jul 22, 2024
Markets
WazirX Hacker Has $5 Million Left After Dumping Uniswap, Chainlink, and Other Alts
The entity behind the WazirX exploit has liquidated a good portion of its ill-gotten gains, which analysts have noted has had a major impact on some prices. Alex Svanevik, CEO of blockchain analytics firm Nansen, pointed out on Twitter that the entity behind the hack of Indian exchange WazirX—suggested to be a North Korean hacking group—became the top Uniswap (UNI) seller. Nansen data for UNI shows that the address in question has sold $859,514 worth of the token over the last seven days. The @...
May 30, 2024
Business
Chainlink and Circle Want to Help Institutions Use Stablecoins and DeFi
Oracle provider Chainlink and stablecoin issuer Circle want to expand stablecoin utility for institutions through a new partnership. Chainlink has made a name for itself as the industry-standard decentralized computing platform while Circle is a global financial tech company that issues both the USDC, the second-largest stablecoin on the market, and the EURC. This new partnership will make use of Circle’s developer platforms and Chainlink services to expand stablecoin utility for enterprise use....
May 27, 2024
Markets
Chainlink Booms Amid Swift Payments Update, Ethereum ETF Rush
With U.S. financial markets on hold for Memorial Day, the long holiday weekend has meant a relatively quiet start to the week for most crypto markets—but one digital asset is booming: Chainlink (LINK). The 14th biggest cryptocurrency by market cap, LINK is Monday's best performer out of the top 40 coins. CoinGecko data shows that it has risen more than 10% in the past day, and is now trading for $18.75. LINK is the native token of Chainlink, an oracle project built on Ethereum that's designed to...
May 17, 2024
Markets
Chainlink Pumps 18% After Wall Street Pilot with JP Morgan, BNY Mellon, DTCC
Chainlink's LINK token has soared as much as 18.8% after DTCC, the biggest settlement and clearinghouse in the U.S., announced it had just concluded a tokenization pilot with Wall Street giants like JP Morgan and BNY Mellon, leveraging Chainlink's CCIP. Chainlink is a decentralized oracle protocol, meaning that it's a network that provides data to and across multiple blockchains networks. It was started in 2017 to solve the interoperabilty problem that many crypto investors complained about as t...
Apr 11, 2024
Markets
Chainlink Transporter to Bridge Assets Across Ethereum, Optimism, Base and More
Dominant decentralized oracle provider Chainlink has launched an app that enables the cross-chain transfer of cryptocurrencies. Called Transporter, the app will allow the transfer of tokens across the Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Optimism, Polygon, and WEMIX networks. “Bridging crypto across chains has historically been a risky activity, with bridge hacks accounting for nearly 50% of all value hacked in DeFi,” a Chainlink spokesperson told Decrypt. “Transporter leverages Chain...
Feb 15, 2024
Technology
How Telefónica and Chainlink Plan to Combat SIM Swapping
Spanish telecommunications giant Telefónica are working together with decentralized oracle provider Chainlink to to combat SIM swapping. The companies plan to create new tools blockchain devs can use to guard against hackers authorizing transactions with compromised SIM cards. The partnership will see Telefónica employ Chainlink's connectivity solution Chainlink Functions to securely connect application programmable interfaces (APIs) on GSMA Open Gateway to the Polygon blockchain network. GSMA O...
Feb 5, 2024
Markets
Bitcoin Price Flat, But There Could Be Turbulence on the Horizon
Bitcoin (BTC) may not be moving much on Monday, but a number of altcoins are flying. The Bitcoin price has barely budged in the past 24 hours. Monday morning Eastern Time it had moved by less than 1% and was trading for $43,234 per coin, according to CoinGecko. But last week, the biggest cryptocurrency by market cap was the main focus of big investors, according to a new Monday CoinShares report. "Digital asset investment products saw large inflows totaling $708 million last week, bringing year-...
Nov 8, 2023
Markets
SUI Gains 12% While Chainlink and Polygon Keep Alt Rally Rolling
Bitcoin has gained 1.3% over the past 24 hours, but the biggest winner is Sui (SUI), which is up nearly 12% since yesterday. Launched last year by ex-Meta engineers, SUI, was priced at the time of writing at $0.57. It has also risen over 31% in the past week, according to CoinGecko. It's rally is down to its integration with Space and Time, a Microsoft-backed data platform working to process data for businesses. Sui Foundation Announces Ecosystem Fund Worth Over $50M Last month, the Sui Foundati...
Oct 25, 2023
Markets
The Biggest Winners of This Week's Crypto Rally? MINA, Chainlink, and PEPE
The crypto market is no stranger to volatility, and this week has been no exception. While Bitcoin stole the spotlight, fueled by the recent excitement surrounding the possible introduction of spot ETFs, several altcoins have also made significant moves Among them is MINA, the native token of the Mina Protocol, which saw an impressive surge of nearly 120% in just one day, propelling it to a price of $0.92 on Tuesday, a price not seen since March. The token has, however, cooled since the latest s...
Oct 23, 2023
Coins
Chainlink Leads Crypto Market Rally, Soaring 8% Overnight
LINK, the native token of the Chainlink decentralized oracle network platform, is leading the market this morning in a bullish start to the week for cryptocurrencies. The token spiked to $10.93 earlier today—a level not seen in May 2022 just before the collapse of the Terra ecosystem dragged the markets into a prolonged crypto winter—before backtracking to $10.01 by press time. At the time of this writing, LINK is up 8% over the past 24 hours, and almost 38% over the last week, according to data...
Sep 27, 2023
Technology
Chainlink Extends Cross-Chain Protocol to Coinbase’s Base
Blockchain oracle platform Chainlink has extended its cross-chain capabilities to Coinbase-incubated Ethereum layer-2 network Base. According to an announcement shared with Decrypt, Chainlink has enabled the Cross-Chain Interoperability Protocol (CCIP) on Base. CCIP is a cross-chain communication protocol for different blockchains and traditional Web2 applications like SWIFT’s payment system. The protocol enables the development of cross-chain applications that can send messages, transfer tokens...
Aug 24, 2023
DeFi
Why Proof of Reserves is Vital for Real-World Asset Tokenization
Digital assets platform Matrixdock is guaranteeing the transparency of its tokenized real-world assets through a new integration with blockchain oracle Chainlink. Matrixdock’s integration of Chainlink Proof of Reserve allows the Matrixdock STBT PoR feed to automatically update based on data provided by Matrixdock's auditor, which has access to Matrixdock's daily bank statements. This enables users to verify the holdings backing its Short-term Treasury Bill (STBT) token. "At any given moment, any...
Aug 8, 2023
Business
Coinbase Layer-2 Chain Base Taps Chainlink Ahead of Mainnet Launch
As it gears up for its mainnet launch tomorrow, Base, Coinbase’s Ethereum new layer-2 solution, just added a new collaborator. Chainlink, the leading decentralized oracle network, announced this Tuesday the implementation of price feeds into the chain. The tool streamlines the integration of DeFi protocols, including externally connected DeFi applications such as lending and borrowing protocols, and derivatives markets. “The native integration of Chainlink Price Feeds into Base will enable devel...
Jul 18, 2023
Business
Bitcoin Cools and Drops Below $30,000—But XRP, Chainlink Surging
Bitcoin's run may be cooling off—the largest digital asset is now below $30,000 per coin—but a number of altcoins are soaring. Just weeks ago, the biggest and oldest cryptocurrency soared above $31,000—a yearly high—thanks to renewed institutional investor interest in the space. Now it has dropped again, and is trading hands for $29,890, according to CoinGecko—a 1.3% 24-hour drop. It has also dropped 2% in the past seven days. But other coins and tokens are up significantly. Flex Coin (FLEX),...
Oct 4, 2022
Markets
DeFi Tokens in Chainlink, Lido Finance, MakerDAO Jump 7%
The DeFi market is warming up as winter sets in. The decentralized oracle protocol Chainlink and its native LINK token have risen by nearly 8% over the past 24 hours, according to CoinGecko. The token is now trading at $7.65 on Tuesday morning and enjoys a market capitalization of more than $3.7 billion. Chainlink’s oracles are used throughout the decentralized finance (DeFi) sector to provide pricing data to various projects. Of late, the crypto project and Coinbase Cloud, the San Francisco-bas...
Sep 29, 2022
Markets
Ethereum Merge Shows Crypto Is 'Getting Its Act Together': Eric Schmidt
Former Google CEO Eric Schmidt thinks Web3 is “not normal” compared to other industries—but says it’s on the right track. In a Wednesday fireside chat at the SmartCon conference in New York City, Schmidt shared his thoughts and concerns about the current state of crypto and Web3 with Chainlink Labs Co-Founder Sergey Nazarov. “I’m historically a skeptic,” Schmidt said of his prior stance. Now, he sees progress being made. The former Google exec told Nazarov the Ethereum Merge that occurred earlie...