Avalanche (AVAX) price is showing signs of a potential breakout as long-term holders surge and short-term traders decrease. With the price currently hovering around $29.26, AVAX is approaching two key resistance zones that could determine its next move.
A $40 million developer incentive and upcoming mainnet upgrade translated to price upside for AVAX.
Chainlink has performed a lot better against Bitcoin, with LINK outperforming the leading crypto asset by 8.8% during its latest surge.
Chainlink is projecting that the tokenized asset market will explode to a value of $10 trillion by 2030. This comes as asset managers and wealth advisors keep getting increasingly pressured by clients to offer exposure to crypto.
AVAX price has witnessed a significant upward movement following the launch of the Avalanche Foundation's $40 million grant program, “Retro9000,” aimed at incentivizing the creation of Layer 1 blockchains. Besides boosting AVAX's market performance, the grant program is aimed at fostering innovation as the Avalanche9000 upgrade approaches.
Avalanche has announced a new grant program that will reward developers building on the blockchain's mainnet.
While cryptocurrencies target robust recoveries, decentralized oracle platform Chainlink (LINK) looks to explode following its latest price breakout. Santiment reveals that massive whale accumulations drove LINK's prevailing revival. Large-scale investors have consistently purchased the tokens in the last six weeks, buying over 8.5 million Chainlink coins.
The Avalanche Foundation has launched a $40 million initiative called “Retro9000” to incentivize developers to create Layer 1 blockchains on the Avalanche.
Avalanche is making a big move to support blockchain developers. The Avalanche Foundation on September 26, announced a $40 M grant program to encourage devs to build layer 1 blockchains. This initiative is a part of the new “Retro9000” program.
An Avalanche spokesperson told Cointelegraph that the grant program will reward developers who create layer-1 chains and critical tools on the Avalanche9000 testnet.
The program, called Retro9000, is supposed to encourage developers to build on Avalanche ahead of a much-anticipated upgrade known as Avalanche9000.
Chainlink's price is gaining strong upward momentum as its trading volume sees a significant surge.
Chainlink's elevated development activity, compelling tokenization narrative, and technical indicators suggest that LINK may be poised for further gains.
Bitcoin continues to face selling near $65,000, but the intensity seems to be reducing, paving the way for an upside breakout.
AVAX shorts get liquidated as price demonstrates resilience at $27 price level.
Chainlink (LINK) price has recently witnessed a notable surge, signaling a potential for further upward momentum. The cryptocurrency's resurgence aligns with a broader market recovery, offering positive signs for future growth.
Chainlink whales are once again on the move in what seems to be a general reawakening. Large transactions on the blockchain network have ballooned recently, alongside a drastic increase in active addresses, hinting at a notable development.
Chainlink continued its strong comeback, rising for two consecutive days and reaching its highest point in over four weeks. Chainlink (LINK )jumped to $12.
Despite current crypto market volatility, Chainlink projects rapid growth in tokenized assets, driven by institutional demand and regulatory advancements.
With 19 out of 20 assets in the green, the index posted a 1.4% gain.
The cryptocurrency market is currently valued at $2.24 Trillion with a jump of 0.68% in the past 24 hours. Moreover, the altcoin leader, Ethereum price has reclaimed the $2.6K mark. This highlights a positive outlook for the altcoin market in the coming time. With this, ETH-based tokens have recorded a similar trend.
Arthur Hayes, the co-founder of BitMax, has drastically reduced his holdings in $PENDLE by an astonishing 87% within just four days. This significant move has sent shockwaves through the market and has left many investors wondering what it could mean for the future of this digital asset.
A dive into the success of Avalanche's BOOST campaign on its DeFi ecosystem
BitMEX co-founder and former CEO Arthur Hayes has attracted the attention of crypto enthusiasts with his latest investment strategies. On-chain stats show he has actively purchased Aethir (ATH) lately while shifting from Pendle (PENDLE). Arthur Hayes adds 30.89M ATH Spot On Chain revealed that Hayes purchased 30.89 million ATH, worth around $1.
Arthur Hayes once again dumped a massive 240,000 PENDLE tokens worth $957,600.
Arthur Hayes' family office fund has unloaded a huge chunk of its position in the decentralized finance (DeFi) altcoin Pendle (PENDLE). Hayes sold 1.59 million PENDLE for $5.62 million at an average price of $3.52 over a two-day period, resulting in a loss of $1.29 million, according to the crypto tracker Lookonchain.
Decentralized oracle network Chainlink (LINK) has seen a significant surge in whale activity over the last 24 hours.
Chainlink price is gaining traction and is slowly headed toward a potential breakout level. Besides the overall crypto market recovery, Chainlink has been working hard to secure integrations.
In this way, anyone will be able to verify on-chain, even in an automated manner, the state of the reserves of this wrapped Bitcoin.
21.co integrates Chainlink Proof of Reserve for 21BTC increasing transparency on Solana and Ethereum blockchains.
After selling millions of dollars worth of PENDLE tokens, Arthur Hayes, the ex-CEO and co-founder of BitMEX, purchased a significant amount of Aethir (ATH) tokens from centralized exchanges (CEXs). On September 23, 2024, the on-chain analytics firm TheDataNerd made a post on X (formerly Twitter) that Hayes had bought 14.
The integration comes as other Bitcoin wrappers face scrutiny for custody practices.
The integration comes as other Bitcoin wrappers face scrutiny for custody practices.
21.co, the parent company of asset management firm 21Shares, has integrated Chainlink Proof of Reserve on the Ethereum and Solana mainnet to bolster transparency of its wrapped Bitcoin product, 21BTC, according to a Sept. 23 statement.
21.co, the parent company of 21Shares, has integrated Chainlink's Proof of Reserve on Solana and Ethereum to increase transparency for its Wrapped Bitcoin 21BTC.
21.co, the parent company of crypto exchange-traded products issuer 21Shares, has integrated the Chainlink Proof-of-Reserve to enhance the transparency of its wrapped Bitcoin. According to a press release on Sept.
TL;DR 21.co has integrated Chainlink Proof of Reserve on the Solana and Ethereum mainnets to enhance the transparency of its Wrapped Bitcoin (21BTC). 21BTC, launched in May 2024, is a native token fully backed 1:1 by Bitcoin reserves, which are held in cold storage and under institutional custody.
From PENDLE to MOTHER, and then some dog-themed coins: is Hayes charting the next big wave in crypto?
21.co's integration of Chainlink Proof of Reserve enhances blockchain transparency and security, potentially boosting trust and adoption in tokenized assets. The post 21.co adds Chainlink Proof of Reserve for 21BTC transparency appeared first on Crypto Briefing.
BitMEX co-founder Arthur Hayes has fueled speculations with his latest shift in the trading strategy. Recently, he has been seen offloading his PENDLE holdings, after praising the crypto over the past few months, while shifting his focus towards the DePIN project, Aethir (ATH).
Avalanche has recently demonstrated a bullish market structure, as reflected in its daily chart. The token has managed to break out of a multi-month descending channel, a significant technical achievement that could set the stage for further gains.
BitMEX founder Arthur Hayes has had a complex relationship with Pendle (PENDLE), as demonstrated by his interactions with the protocol during the last few months.
A new multi-trillion-dollar market opportunity could send the value of Chainlink soaring.
The development activity and rising demand were encouraging signs for Avalanche bulls.
The cryptocurrency market shows renewed strength as top digital assets, including Bitcoin and Ethereum, post consecutive weekly gains.
Chainlink (LINK), the decentralized oracle network, confirms its leadership position in the crypto ecosystem by showing exceptional development activity. According to the latest data from the analysis platform Santiment, Chainlink outperforms all other ERC-20 projects, including Ethereum itself.
Bitcoin's rally to $64,000 increased traders' interest in altcoins like AVAX, SUI, TAO and AAVE.