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  • Centrifuge rallies on $1B RWA allocation—breakout ahead?

    Centrifuge rallies on $1B RWA allocation—breakout ahead?

    Centrifuge Price Outlook

    • Centrifuge price hovers near $0.20 as the real-world asset (RWA) project gets a fresh boost.
    • Interest in Centrifuge’s innovative RWA Launchpad  has attracted institutional backing, with $1 billion allocated to a tokenized product on the platform.
    • CFG price could eye bounce to $0.5, highs last seen in December 2024.

    Centrifuge (CFG), a real-world asset (RWA) tokenization platform, trades at a key level as recent gains see a bullish technical formation.

    While CFG has pared gains seen earlier in the week, which came amid a 400% spike in volume on June 25, Centrifuge looks largely poised for a breakout.

    Interest in the project amid its innovative RWA Launchpad, and significant institutional backing, may catalyse gains.

    Centrifuge and a $1 RWA product

    At the heart of Centrifuge’s recent success is the launch of its RWA Launchpad, a production-ready stack designed to streamline the tokenization of assets like credit, ETFs, and Treasury Bills.

    Announced recently, the platform addresses the inefficiencies of manually rewriting contracts by offering plug-and-play extensions built on Centrifuge V3.

    This modular infrastructure, as detailed by the Centrifuge team, allows asset managers to integrate investment flows seamlessly, bridging traditional finance and DeFi.

    The timing couldn’t be better, as more institutional interest in RWA sees several projects attract attention.

    One of these is the groundbreaking $1 billion tokenized product managed by Janus Henderson Investors.

    The $1 billion allocation into a single tokenized product on Centrifuge is backed by a significant allocation from Sky Ecosystem through Grove Finance.

    This move, building on Centrifuge’s earlier success with the Anemoy Liquid Treasury Fund, underscores its ability to attract major players, blending traditional finance with blockchain innovation.

    Centrifuge CTO’s perspective is that v3’s focus on scalability and interoperability, particularly with EVM chains, is a big move.

    “With Centrifuge V3, we’re building a truly chain-agnostic infrastructure, where issuers manage one fund across many chains, and investors access assets wherever they are,” he noted.

    CFG price outlook

    The Centrifuge narrative is one of innovation meeting opportunity.

    The RWA Launchpad’s flexibility and the $1 billion milestone are not just technical achievements but catalysts for a broader financial revolution.

    While the crypto market remains volatile, Centrifuge’s ability to merge real-world assets with onchain efficiency suggests a promising trajectory.

    Institutional endorsement, as well as overall ecosystem growth are fundamental factors that could drive CFG prices higher. Notably, Centrifuge rose to highs of $0.5 in December 2024.

    Hovering near $0.20 means that level might be a major target for buyers.

    As of writing on June 26, 2025, CFG price is just in the green above $0.19.

    The altcoin however is nearly 14% up in the past week.
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  • BTC recovers to $107K after weekly volatility; focus shifts to US economic data

    BTC recovers to $107K after weekly volatility; focus shifts to US economic data

    BTC recovers to $107K after weekly volatility; focus shifts to US economic data

    • Bitcoin (BTC) is trading above $107K Thursday, up 0.7%, after a sharp rebound from below $100K earlier in the week.
    • Markets pivoted from “flight-to-safety” on Mideast tensions to a “risk-on in full force” rally.
    • US GDP and unemployment data this week, plus quarterly options/futures expiry, could bring more volatility.

    Bitcoin (BTC) is trading firmly above the $107,000 mark as the Asian trading day gets underway on Thursday, with the broader digital asset market also showing strength.

    This impressive performance comes at the end of a tumultuous week that saw markets swing dramatically from fear over Middle East conflict to a powerful risk-on rally, lifting crypto, tech stocks, and broader market sentiment in tandem.

    Looking back at the week’s events, what began as a sell-off driven by escalating tensions – with Israel and Iran trading rocket fire and a US bombing campaign on Iran’s nuclear facilities – has transformed into a textbook risk-on rally.

    The initial anxiety has given way to a surge in investor confidence, seemingly brushing off the geopolitical dangers that loomed just days ago.

    “War drums fade, risk appetite roars,” wrote the trading firm QCP Capital in its June 25 market note, perfectly capturing the sudden and dramatic shift in mood.

    Traders appeared to have priced in a resolution or simply stopped waiting for one. Instead of flight-to-safety, the move was risk-on in full force.

    This pivot was visible across multiple asset classes.

    US equities surged, oil prices retraced back to their pre-conflict levels, and shares of crypto exchange Coinbase jumped 12% on positive regulatory news.

    For Bitcoin, the strong rebound above $107,000 signals not just relief from the recent tension but a renewed sense of upward momentum, even as savvy investors keep one eye on the macroeconomic calendar and the other on potential global flashpoints.

    Navigating the swings: key data and volatility ahead

    The recent price action has been nothing short of volatile. “It’s been a week of sharp swings in crypto,” commented Gracie Lin, CEO of OKX Singapore.

    Bitcoin dipped below $100,000 earlier in the week when Middle East tensions rattled the markets, but rebounded quickly after news of a ceasefire – now trading just below its all-time high in a sharp reversal.

    Lin points to a series of upcoming US economic data releases, including GDP figures and unemployment claims due later this week, as the next potential catalysts for Bitcoin’s price movement.

    “Recent PMI numbers have held steady, but continued weakness in housing is raising questions about the broader economy,” she said.

    If Thursday’s GDP or unemployment claims come in weaker than expected, bitcoin could benefit as investors look for hedges against traditional market weakness.

    Adding another layer of potential turbulence, the quarterly expiration of Bitcoin futures and options is scheduled for June 27.

    These events often bring increased price swings as traders close out or roll over their positions. “Another bout of volatility is expected,” Lin warned.

    The bigger picture

    While short-term volatility is expected, QCP Capital, in its analysis, is looking beyond the week’s sharp swings to spotlight the structural forces that are driving Bitcoin’s evolution into a recognized macro asset.

    They point to significant institutional momentum, highlighted by events like ProCap’s $386 million BTC purchase and Coinbase’s recent regulatory win under the EU’s MiCA framework.

    “If this accumulation trend persists,” QCP wrote, “bitcoin may not just rival gold as a macro hedge but potentially in total market capitalisation.”

    This suggests a long-term bullish outlook underpinned by growing institutional adoption.

    Still, QCP adds a crucial note of caution: “Geopolitics remains an ever-present undercurrent.”

    While markets have largely shrugged off the recent Israeli strikes, new concerns are mounting over NATO–Russia tensions.

    With Western nations increasing their defense budgets and President Trump set to attend the upcoming NATO summit, the next geopolitical shock may not originate from the Middle East.

    For now, Bitcoin is riding the powerful wave of risk-on enthusiasm.

    But just beneath the surface, the fundamental battle between short-term volatility and long-term conviction, between the fading sound of war drums and the steady rhythm of institutional buying sprees, continues to define this dynamic market.
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  • SYRUP, MOVE, DEXE among top gainers as cryptocurrencies eye fresh gains

    SYRUP, MOVE, DEXE among top gainers as cryptocurrencies eye fresh gains

    Bitcoin And Cryptocurrencies

    • Cryptocurrencies are up as Maple Finance (SYRUP) price spikes 19% amid institutional DeFi adoption.
    • The Movement (MOVE) token gained 17% as price hits $0.19 on rising volume.
    • DeXe’s DEXE token jumped 10% in 24 hours to hit highs above $9 after a sharp rebound off $5.30.

    Maple Finance (SYRUP), Movement (MOVE), and DeXe (DEXE) have posted remarkable price moves in the past 24 hours, all up by double-digits as cryptocurrencies bid for further gains.

    The upside action for these altcoins come as Bitcoin holds above $106k, and stock futures suggest investors are pricing in a thawing in the Israel-Iran hostilities.

    At the time of writing, SYRUP traded around $0.62, up nearly 19% in 24 hours. Meanwhile, MOVE hovered near $0.18 and DEXE changed hands at highs of $9.10, up 17% and over 10% respectively.

    Analysts at QCP Group summed up the market sentiment in a post on X:

    “Israel resumed strikes shortly after a fragile ceasefire, but markets barely reacted. Traders seem to have priced in peace or stopped waiting. Risk appetite surged as the Nasdaq 100 hit record highs and the S&P 500 neared its 2020 peak. Oil also returned to pre-conflict levels.”

    Maple Finance (SYRUP) price

    Maple Finance’s SYRUP token has soared 19% in the last 24 hours, trading to highs of $0.62 with a market capitalization of $684 million. A 24-hour trading volume of $188 million, up 24% in this period,  reflects strong market confidence.

    The price rally aligns with broader crypto gains,with top altcoins also rallying.

    However, Maple’s transition to a leading on-chain asset manager, and blending traditional finance expertise with decentralized finance (DeFi) innovation, is seeing industry take notice.

    Maple’s lending and structured products are appealing to institutional investors, which is likely to buoy the $SYRUP token further.

    Currently, Coinglass data shows open interest in SYRUP is up 56% to nearly $69 million, while derivatives volume has jumped to over $308 million.

    Movement (MOVE) surges to $0.19

    Movement’s MOVE token has climbed 17% over the past day, reaching $0.19.

    A look at the charts also shows that MOVE is up more than 42% in the past week, with gains coming amid fresh interest in the token. Move Foundation’s buyback initiative is part of the upside catalysts, with 10 million and 8 million repurchased on June 20 and June 22 respectively.

    DeXe (DEXE) price jumps to $9

    DeXe’s DEXE token rose sharply after tapping support near $5.30 on Wednesday.

    With gains of over 10% in 24 hours, the token’s price jumped to a high of $9.10, rising amid a 560% spike in daily volume. Per CoinMarketCap, the daily volume for DEXE stood at $104 million at the time of writing.

    Gains for DeXe come as its governance model, which allows DEXE holders to influence protocol decisions, strengthens community trust.
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  • Aptos price surges as stablecoin supply nears all-time

    Aptos price surges as stablecoin supply nears all-time

    • Aptos price rose to highs of $5.07 as trading volume jumped 189% to over $643 million.
    • Data shows Aptos stablecoin supply nearing $1.2 billion.
    • Aptos Labs and Jump Crypto have introduced Shelby, a decentralized storage protocol, enhancing Aptos’ appeal for web3 applications.

    The Aptos blockchain, a leading Layer-1 platform, has seen its native token, APT, experience a significant price surge. As Bitcoin recovered to above $106k, APT price climbed nearly 17% in the past 24 hours to highs of $5.07. Trading volume increased 189% to $643 million.

    The uptick in APT price coincides with the platform’s stablecoin supply approaching an all-time high of approximately $1.2 billion, reflecting growing adoption and liquidity within the Aptos ecosystem.

    According to industry analysts, the surge in stablecoin supply highlights Apts’ increasing prominence in decentralized finance (DeFi).

    Aptos stablecoin supply nears $1.2 billion

    While overall market sentiment has played a part in Aptos token’s bounce, network related growth appears to a main catalyst.

    Per details shared by Token Terminal, Aptos’ stablecoin supply has grown from $430 million in December 2024 to near the all-time high of $1.2 billion.

    The metric last reached this milestone in May 2025, signaling robust network activity. Leading stablecoins Tether (USDT) and USDC (USDC) have driven this surge in liquidity.

    Notable gains for APT have also come after Wyoming picked Aptos’ blockchain for the state’s WYST stablecoin pilot.

    This momentum suggests potential for further price gains if adoption continues, which also ties in with the latest Aptos related news.

    Meanwhile, the average transaction fee on Aptos has fallen to around $.0.0005.

    Jump Crypto and Aptos Labs to launch Shelby

    Adding to the bullish sentiment, Aptos Labs, in collaboration with Jump Crypto, have announced the upcoming launch of Shelby, a decentralized hot-storage protocol designed for high-frequency web3 workloads.

    Announced on June 24, 2025, Shelby leverages Aptos’ 600ms finality and ultra-low gas fees to offer cloud-speed storage for applications like streaming video, AI pipelines, and DePIN feeds.

    The protocol is chain-agnostic, with planned support for Ethereum and Solana, and has attracted early interest from brands like Metaplex and Story Protocol.

    According to Aptos Labs’ X account, Shelby aims to deliver web2 performance with web3 transparency, positioning Aptos as a leader in scalable infrastructure.

    “Web3 wasn’t meant to run on Web2 infrastructure. Its potential to create value through data has been throttled. That ends now. ShelbyServes is a decentralized hot storage protocol, designed to serve real-time data, and reward it,” Aptos Labs wrote.

    Shelby’s potential to drive cross-chain adoption could be crucial to Aptos, with a developer-focused devnet slated for Q4 2025.
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  • BTC holds $106K; analysts point to institutional integration, on-chain innovation

    BTC holds $106K; analysts point to institutional integration, on-chain innovation

    BTC holds $106K; analysts point to institutional integration, on-chain innovation

    • Bitcoin (BTC) regained its footing, trading around $106K after a tense weekend involving a US strike on Iran.
    • Bitcoin’s resilience is attributed to its growing integration into the broader macro-financial system via institutional infrastructure.
    • Bitcoin ETFs saw massive inflows ($1.1B last week, $350M one day), cited as a major bullish tailwind.

    Bitcoin (BTC) has regained its footing, hovering around the $106,000 mark as the Asian trading week gets underway on Wednesday.

    This resilient performance comes after a tense weekend that saw the US bomb an Iranian nuclear site, with Bitcoin now pushing past levels seen earlier this month when Israel first bombed Iran.

    This stability, in the face of significant geopolitical turmoil, is increasingly being attributed to a fundamental shift in Bitcoin’s market structure and a renewed wave of innovation flocking to its blockchain.

    Part of the reason why the crypto market has recovered so swiftly alongside traditional markets is the growing correlation between the two.

    The days of Bitcoin operating in a vacuum appear to be over. “Bitcoin’s sensitivity to traditional asset classes and macroeconomic indicators has evolved markedly over the past few market cycles, reflecting its growing integration into the broader macro-financial system,” reads a recent report from Glassnode and Avenir Group.

    This integration has been facilitated by the development of a robust institutional infrastructure. “Institutional infrastructure has reshaped how capital engages with bitcoin,” the report continues.

    As a result, its market behavior is increasingly governed by structural liquidity, long-horizon positioning, and regulated access points.

    This institutional backbone was clearly visible again this week. Semir Gabeljic, director of capital formation and investment strategy at Pythagoras Investments, highlighted the significant impact of Exchange-Traded Funds (ETFs), citing them as a major tailwind.

    “The huge recent capital inflows in Bitcoin ETFs of $1.1 billion last week and even $350 million today alone” are driving the positive trend, Gabeljic noted.

    Spencer Yang, a Core Contributor to Fractal Bitcoin, added another perspective on Bitcoin’s ability to shake off the war jitters so quickly.

    He argued that, fundamentally, nothing has changed about the asset class itself as a result of the conflict in the Middle East.

    The core metrics that long-term investors look to for Bitcoin remain intact. Furthermore, other bullish on-chain signals are potentially on the way.

    “We’re seeing continued interest in protocols like BRC-20, especially with the recent upgrade, as well as Runes and Alkanes, which have been getting a lot of attention,” Yang added.

    So overall, on‑chain activity across the board is increasing thanks to these types of assets.

    The key takeaway seems to be that as Bitcoin’s market becomes increasingly defined by institutional demand and macroeconomic liquidity cycles, its price action is becoming less about knee-jerk reactions to headlines and more about long-term capital commitment.

    It is this structural shift that appears to be anchoring Bitcoin firmly above the $100,000 level, despite the surrounding noise.

    Tim Draper’s thesis

    Adding to this long-term bullish outlook, legendary venture capitalist Tim Draper has argued that the Bitcoin blockchain is becoming the new epicenter for crypto innovation.

    In a recent post on the social media platform X, Draper drew a compelling parallel, suggesting that Bitcoin is now absorbing ideas once exclusive to altcoins, much in the same way that Microsoft once consolidated the software revolution under its dominant operating system empire.

    Draper pointed to Bitcoin’s rising dominance – a metric equivalent to its “market share” in the crypto world – as evidence.

    This figure has risen to over 60%, up from 40% after the 2017 boom-bust cycle and 50% following the 2021 peak, signaling that Bitcoin is reasserting its control over the broader crypto ecosystem.

    Much like how Microsoft integrated or cloned early software success stories like Lotus 1-2-3, WordPerfect, and PowerPoint to create its powerful software suite, Draper says Bitcoin is now systematically incorporating innovations that were once the exclusive domain of altcoins.

    These include functionalities like smart contracts, decentralized finance (DeFi), ordinals (a form of on-chain digital artifacts), and low-cost layer 2 scaling solutions.

    “All the successful innovations on other platforms are now being ported to Bitcoin,” Draper wrote, describing it as an “acceleration” that mirrors the consolidation phases seen in Big Tech.

    He argued that developers are increasingly gravitating toward Bitcoin because it is the most secure and valuable blockchain.

    Draper, who runs a Bitcoin-focused accelerator with Boost VC, stated that the next generation of entrepreneurs is building on Bitcoin not just for ideological reasons, but because the infrastructure and surrounding ecosystem are now mature and ready for this new wave of development.

    “Smart entrepreneurs are always building on the platform with the strongest gravitational pull,” he wrote.

    “That platform is Bitcoin.”
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  • SUI price sees 15% gain, but are bulls out of the woods yet?

    SUI price sees 15% gain, but are bulls out of the woods yet?

    Sui Price

    • SUI price surged 15% to $2.91, rebounding from a weekly low of $2.29.
    • Gains align with a broader crypto market recovery driven by improved investor sentiment and easing geopolitical tensions.
    • SUI could break above $3 and potentially eye a new peak, or dip to support near $2.

    The SUI token, native to the Sui layer-1 blockchain, has soared by more than 15% in the past 24 hours, with gains to highs of $2.91 coming amid a lift in crypto market sentiment.

    Notably, Sui’s uptick halts a month-long decline that pushed the token from highs of $3.80 to its lowest levels since April. But as the broader market sentiment improves, SUI’s rebound has investors in an optimistic mood as bulls target further gains.

    However, with key resistance levels looming, the question remains whether this surge signals a lasting bullish trend or a bull trap.

    Sui price jumps 15% amid crypto bounce

    After enduring weeks of downward pressure, SUI has rebounded sharply, trading to an intraday high of $2.91 on Tuesday. At the time of writing, the altcoin’s price was at $2.79.

    The double-digit gains align with the uptick in prices for the broader cryptocurrency market, with easing geopolitical tensions and Fed chair Jerome Powell’s remarks adding to investor confidence.

    Sui price also gained as OKX Wallet teamed up with Navi Protocol and Momentum to “bring BTCfi to life” on Sui. The community can take part for a chance to grab a share of $2.5 million in rewards.

    The SUI token thus gained as major assets like Bitcoin (BTC) and leading altcoins posted upward moves.

    However, SUI’s double-digit surge stands out as it reflects a bullish impulse amid what appears as a bearish set still. The token remains 20% down over the past month and is well off its all-time peak of $5.35.

    Sui price prediction: Are bulls ready to run?

    The technical picture shows SUI’s price action in a descending channel on the daily chart. Sui also signals a broader descending triangle pattern. This suggests sellers may yet have a say despite the spike from weekly lows of $2.29.

    A look at the charts shows the RSI bouncing off the oversold level, which means room for growth. The MACD indicator also signals a potential bullish crossover, highlighting gains as critical for bulls if they want to take the upper hand.

    In this case, the key hurdles will be around $3.50 and $4.13. Take these out, and bulls could run to the ATH and higher.

    Sui price chart by TradingView

    Conversely, failure to maintain momentum could see SUI retreat to the $2.43 support, where a recent local low formed. If bears breach this level, it might be a bloodbath to the psychological $2 or lower.

    SUI’s 15% surge reflects a broader market recovery and renewed interest in the SUI ecosystem.

    Yet, with critical resistance levels ahead and the threat of bearish pressure lingering, the token’s trajectory remains uncertain.
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  • DeLorean Launches $DMC Token to Rewrite Web3 History — A Fusion of Legacy, Speed & Crypto Power

    DeLorean Launches $DMC Token to Rewrite Web3 History — A Fusion of Legacy, Speed & Crypto Power

    DeLorean Unleashes $DMC Token to Rewrite Web3 History — A Fusion of Legacy, Speed & Crypto Power

    June 24, 2025 — Buckle up, Web3. The DeLorean Motor Company, the iconic brand that once defined the future of automobiles, is back — and this time, it’s not just revving engines but shaking up the blockchain world with the official launch of its highly anticipated $DMC token.After months of buzz and behind-the-scenes development, $DMC is now live on the Sui blockchain, setting the stage for a Web3 ecosystem that merges legacy innovation with futuristic digital ownership. The launch isn’t just another crypto debut — it’s a cultural moment.Unveiled with a dramatic premiere at the @SuiNetwork Basecamp in Dubai, DeLorean showcased a powerful video capturing its storied past, present dominance, and an electrifying vision of the future. The clip — which has already gone viral across crypto circles — reminded the world: the time machine is real, and it’s built on-chain.What Makes $DMC Different?⚙️ Engineered on Sui Blockchain:

    High speed. High security. Low fees.

    🏁 Backed by Iconic Brand Power: DeLorean isn’t just a name — it’s a movement.🌍 Massive Global Attention: Thousands showed up in support across global conferences in 2024–25.

    🎮 Next-Level Utility Incoming: NFT drops, metaverse racing, and digital car ownership models are in the pipeline — all powered by $DMC.🤝 Community First: Built for believers, holders, and the bold.> “This isn’t a nostalgia stunt. It’s a new engine for community-driven innovation,” said a core developer at the Dubai launch

    .DeLorean is making it clear — they’re not chasing trends. They’re setting them. With a strong foundation in both storytelling and smart tech, $DMC could easily shift gears from cult favorite to mainstream powerhouse.Crypto Twitter is already ablaze, calling $DMC “the Tesla of tokens” and comparing its launch to the early days of Dogecoin — but with real-world firepower behind it.As memecoins fade and purpose-driven tokens rise, $DMC might just be the first luxury-class project to cross both worlds.The question isn’t “should you buy it?”It’s “will you be part of history, or just watch it pass by?”—

  • Chainlink price jumps 11% amid major Mastercard partnership

    Chainlink price jumps 11% amid major Mastercard partnership

    Chainlink Partners With Chainlink

    • Chainlink and Mastercard are collaborating to enable over 3 billion cardholders to buy crypto onchain
    • LINK rose 11% amid the Mastercard partnership and broader crypto optimism
    • Chainlink’s growth in the tokenised assets market continues.

    Chainlink’s native token, LINK, soared 11% today, buoyed by a groundbreaking partnership with Mastercard.

    While gains mirrored broader crypto market upside, the news that Chainlink and Mastercard are looking to bring direct crypto purchases to over 3 billion cardholders added to the upbeat sentiment around LINK.

    Chainlink and Mastercard partner

    As with many other similar collaborations, this one between Chainlink and Mastercard marks a significant step toward mainstream adoption of decentralised finance (DeFi).

    The two companies said in a press release that their integration looks to bridge traditional finance with blockchain technology. Chainlink’s infrastructure will play a pivotal role in this transformative integration.

    Other than leveraging Chainlink’s interoperability protocol and data standards, the partnership will also tap into key platforms and protocols, including zerohash, Shift4 Payments, and XSwap.

    “There’s no doubt about it – people want to be able to easily connect to the digital assets ecosystem, and vice versa. That’s why we continue to leverage our proven expertise and global payments network to bridge the gap between onchain commerce and offchain transactions,” said Raj Dhamodharan, executive vice president, Blockchain & Digital Assets at Mastercard. “In coming together with Chainlink, we’re unlocking a secure and innovative way to revolutionise onchain commerce and drive the broader adoption of crypto assets.”

    LINK price gains

    As noted, Chainlink’s price experienced a robust 11% surge in 24 hours, climbing from a low of $11.48. This aligned with crypto’s bounce on Israel-Iran ceasefire news and also reflected strong market enthusiasm for the Mastercard partnership.

    As of writing, LINK was trading at $13.07, with bulls looking to break towards $20.

    The partnership’s announcement and broader market tailwinds, including the recently passed GENIUS Act, could catalyse gains.

    Indeed, Chainlink co-founder Sergey Nazarov recently noted that the US stablecoin law could boost LINK adoption by supporting stablecoin innovation.

    “This is the type of traditional finance and decentralised finance convergence that Chainlink was built to make possible,” Nazarov noted. “I’m excited about Chainlink’s ability to enable this critical connection between the traditional payments world and the over three billion cardholders in the Mastercard user base, directly into the next generation trading environments of onchain decentralised exchanges.”

    Solutions like Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and proof-of-reserve technology are seen as critical for tokenised assets, and could potentially drive LINK price higher.
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  • Bitcoin rallies to $106K on Mideast ceasefire news; Circle shares continue explosive climb

    Bitcoin rallies to $106K on Mideast ceasefire news; Circle shares continue explosive climb

    Bitcoin rallies to $106K on Mideast ceasefire news; Circle shares continue explosive climb

    • Bitcoin surged past $106K late Monday after Trump announced a “Complete and Total CEASEFIRE” between Iran and Israel.
    • The rally marked a sharp reversal from a plunge to $98,500 just 24 hours prior; oil prices tumbled to $65.
    • Stablecoin issuer Circle (CRCL) stock hit a record high near $299, up 750% since its IPO this month.

    A tumultuous 72 hours of price action in the cryptocurrency market culminated in a sharp rally late Monday, as Bitcoin surged past the $106,000 mark.

    The catalyst for this dramatic move was an announcement from US President Donald Trump, who took to his Truth Social platform to proclaim a “complete and total” ceasefire between Iran and Israel, offering a glimmer of de-escalation in the volatile Middle East conflict.

    The market’s reaction to President Trump’s announcement was immediate and forceful. “It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE (in approximately 6 hours from now),” Trump wrote, sending a wave of relief through global markets.

    Bitcoin, which had already been showing signs of a rebound in afternoon trading, jumped nearly another 3% on the news, decisively topping $106,000.

    This represented a remarkable turnaround from just over 24 hours prior, when the leading cryptocurrency had plunged to as low as $98,500 amidst fears of a widening war.

    At the time of this report, Bitcoin’s price had slightly pulled back from its peak to around $105,300, but held onto the majority of its gains.

    The positive sentiment spilled over into traditional markets as well. US stock index futures posted gains of approximately 0.5% across the board.

    The price of crude oil, which had soared to over $75 a barrel earlier in the day on supply disruption fears, tumbled further to just $65 per barrel following the ceasefire news.

    The move in some major altcoins was even more pronounced, with Ether (ETH), XRP, and Solana (SOL) among those sporting impressive gains of 8%-10%.

    While there was some initial confusion in the minutes following the president’s announcement regarding the validity of the ceasefire agreement, Reuters later reported that a senior Iranian official had confirmed Tehran’s agreement to a proposed ceasefire with Israel, lending credence to the market’s optimistic reaction.

    Circle’s meteoric rise

    In a parallel and equally dramatic market story, shares of stablecoin issuer Circle (CRCL) continued their explosive rally on Monday, soaring to a fresh record high.

    The surge has brought the company’s market capitalization tantalizingly close to that of its flagship token, USDC, and puts it within striking distance of crypto exchange giant Coinbase (COIN).

    Shares of Circle were up another 22% at one point on Monday morning, reaching a record high just shy of $299 before relinquishing some of those gains.

    The stock ultimately closed at around $263, up a solid 9% for the session.

    Since its Initial Public Offering (IPO) earlier this month, which priced at $31 per share, Circle’s stock has appreciated by a staggering 750%.

    At its peak on Monday, Circle’s market capitalization reached roughly $60 billion.

    This figure is nearly on par with the $61.3 billion supply of its USDC stablecoin, the second-largest dollar-pegged token in circulation.

    This valuation also brings the firm remarkably close to that of crypto exchange Coinbase (COIN), which currently has a market capitalization of about $78 billion.

    Circle’s phenomenal surge this month is a clear testament to the soaring investor appetite for the fast-growing stablecoin market, a sector of the crypto industry with very few publicly-traded “pure play” investment options.

    USDC is widely used across cryptocurrency exchanges and decentralized finance (DeFi) protocols and is gaining increasing popularity for payments and cross-border transactions.

    A key catalyst that has helped fuel Circle’s rally was the US Senate’s passage of the so-called GENIUS Act last week.

    This legislation, which advances a regulatory framework for the stablecoin asset class, has boosted investor confidence in the long-term viability and growth potential of the sector, which some analysts believe could reach a multi-trillion dollar valuation in the coming years.

    Despite the bullish momentum, some analysts are beginning to warn that Circle’s rally may be running ahead of its underlying fundamentals.
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  • Sonic, Four, SPX6900 surge amid market volatility

    Sonic, Four, SPX6900 surge amid market volatility

    • Sonic price rose, and Four, SPX6900, led crypto gains despite market turbulence.
    • Top coins rebound as equities stabilise, signalling renewed investor confidence.
    • SPX6900’s meme coin momentum underscores its volatile yet captivating market presence.

    The cryptocurrency market suffered massive selling over the weekend as Bitcoin dropped amid the US bombing of Iran’s nuclear sites.

    But as BTC looks to bounce, the top gainers among the 100 largest coins by market cap are Sonic, Four, and SPX6900.

    Despite a turbulent weekend marked by sell-offs, broader crypto declines, these tokens are leading the rebound with double-digit gains.

    Sonic trades at $0.28, Four is at $2.57, and SPX at $1.07.

    Crypto investors eye uptick

    Crypto investors are cautiously optimistic as top cryptocurrencies stage a recovery following a weekend sell-off that saw Bitcoin dip below $100,000.

    According to market data, Bitcoin rebounded from $98,286 to $102,852, while Ethereum and Solana also moved above key levels.

    This bounce aligns with equities shrugging off losses, as global markets looked to stabilize despite ongoing geopolitical tensions.

    However, the Fear & Greed Index, which has fallen to 37, suggests a shift from neutral sentiment towards fear.

    Investors are now eyeing whether the uptick in crypto prices can sustain momentum, with altcoins like Sonic, Four, and SPX6900 fueling speculation due to their outsized gains.

    Four, Sonic, SPX6900, trend among top gainers

    Among the top gainers, Four (FORM) posted a modest yet steady 10% increase, reaching $2.57 with a robust 24-hour trading volume of $35.9 million.

    Elsewhere, Sonic (S) traded at approximately $0.27, with the price slightly off the $0.29 seen earlier in the day.

    Sonic price edged 9% surge, bolstered by a 41% rise in trading volume.

    This activity suggests a bullish reversal from its $0.25 support level, with analysts predicting further upside if DEX participation grows.

    Sonic price chart by CoinMarketCap

    SPX6900, a Solana-based meme coin, stole the spotlight with a 10x rally in the past year.

    However, profit taking has it around $1.07 from its all-time peak of $1.77  after a recent 37% plunge in the past week.

    Despite its declines, SPX6900’s $985 million market cap sees it rank in the top 100 and is likely to bounce.

    The coin is up around 6% in the past 24 hours to trade at $1.06.

    If bulls go higher, SPX could break to $2. However, a potential drop to $0.90 and lower remains if support falters.

    Overall, the S, FORM, and SPX tokens’ performances underscore the dynamic interplay of technical strength and speculative fervor driving the crypto market today.

    As markets navigate ongoing uncertainty, Sonic, Four, and SPX6900 exemplify the high-risk, high-reward nature of cryptocurrencies.
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