Latest news with #Chainlink
The Print
an hour ago
- Business
- The Print
Global financial system is reaching a major turning point. Why interoperability is important
The buzz around 'tokenization' – the concept of transforming tangible assets like real estate or art into digital tokens on distributed ledgers – isn't just hype anymore; it's hitting its stride. From the halls of financial institutions to the forward-thinking strategies of central banks and even the everyday dynamics of commercial markets, a powerful current is pulling us toward a new frontier of money. Make no mistake: We're not just witnessing an evolution. The global financial system is reaching a major turning point. Yet, while digital assets are speeding ahead, the tech and regulatory frameworks behind them aren't keeping up. Each blockchain still operates with its own governance, standards and compliance assumptions. This fragmentation imposes real-world frictions. Asset transfers become inefficient, liquidity is trapped in isolated ledgers, and regulatory visibility is hampered. Left unchecked, we risk replicating the very bottlenecks that tokenization was meant to solve. Regulatory frameworks remain a patchwork of jurisdiction-specific rules that struggle to adapt to decentralized infrastructures. Without harmonized standards, regulators face significant challenges in monitoring digital financial activity, enforcing compliance and fostering innovation safely. Market participants, in turn, are left navigating inconsistent or unclear expectations, which stifles adoption and increases operational risks. Show Full Article That's where interoperability – the communication between different systems – steps in. Not just as a technical upgrade, but as the connective tissue for regulated and scalable digital economies. Interoperability makes it easier to build compliance, identity checks and cross-border rules directly into how assets move. This will help bring order to a fragmented system and keep everything aligned with public policy. The evolution of blockchain connectivity Early efforts to tackle blockchain fragmentation relied on 'bridges', usually third-party tools, for value transfer between networks. While bridges helped connect ecosystems, most weren't built for scale, security or decentralization. The millions lost in cyberattacks, like the Harmony Bridge Hack in 2022, make that painfully clear. These failures highlight the urgency of moving toward secure, policy-aligned frameworks that enable true interoperability. Today, we're seeing a shift. Next-gen cross-chain messaging protocols don't just shuttle assets; they enable smart contracts on one chain to trigger actions on another, share data seamlessly and move tokens without exposing them to added risk. For institutions operating in high-stakes environments, that's a game-changer. Tokenization needs infrastructure For financial institutions, security isn't optional, it's foundational. And tokenized assets like digital bonds, deposits and funds demand infrastructure that delivers compliance, resilience and auditability by design. That's why protocols like Chainlink's Cross-Chain Interoperability Protocol (CCIP) are drawing attention. With security tools like message filtering, rate limits and decentralized oracles, CCIP enables tokenized assets, like standardized Ethereum-based ERC-20s, to move securely across chains such as Ethereum and Hedera. Standards such as ERC-7641 are further streamlining token behaviour across networks, reducing friction for institutional use cases. Major financial institutions are already taking notice. They're not just testing these systems for performance or cost; they're evaluating them for deeper foundations of trust such as audit trails, built-in KYC checks, and data integrity. For example the Bank for International Settlements (BIS) pushes interoperability through Project Nexus, which links domestic payment systems across borders with embedded compliance features. Singapore's central bank is also exploring paths similar to Project Mariana and Project Guardian, both rooted in decentralized frameworks and tokenized finance. Global giants like JPMorgan Chase (JPMC) (via Kinexys, previously known as Onyx) and SWIFT are also testing blockchain integration models that blend trustless execution with regulatory oversight. This month, JPMC completed a public on-chain transaction with the help of Chainlink's CCIP and Ondo. This marks a notable shift, as JPMC had previously operated solely on private blockchain infrastructure. This signals that highly regulated institutions, once hesitant to solely rely on public blockchains, are now embracing public infrastructure without compromising compliance or security, paving the way for faster innovation and digital transformation. These projects also reflect a broader trend toward global coordination on interoperable standards. Whether driven by public-private consortia or multilateral bodies, the aim remains to build a legal and technical foundation for tokenized finance that is inclusive and designed for cross-border use. The rise of hybrid environments One major driver of innovation is the emergence of hybrid sandbox environments. These settings combine permissioned networks' privacy with public blockchains' openness. That mix lets institutions test smart contracts, decentralized apps (DApps), and tokenized assets in real-world scenarios, like digital bond issuance or cross-border settlement. Hybrid sandboxes give banks, asset managers and regulators a controlled environment to test and scale innovations. By enabling real-world trials of digital bonds, tokenized deposits and cross-border settlement mechanisms, these architectures provide a clear path from pilot to production. They offer a safe space for risk modelling and iterative regulatory design, without sacrificing transparency or scalability. The connective tissue for digital prosperity The future of finance demands secure, interoperable infrastructure. Without that foundation, tokenization risks remaining a niche experiment instead of becoming a global transformation. Interoperability is no longer just about making systems communicate. It has become a strategic policy challenge. The success of tokenized finance will depend not only on technical capability, but also on how well it upholds accountability, fairness and systemic integrity. We can build that foundation by aligning cross-chain messaging, open standards like CCIP and ERC 7641, and global regulatory frameworks. This is what enables governments, regulators and institutions to understand, trust and guide digital interactions. That is the groundwork for secure, compliant and production-ready digital finance.
Yahoo
2 days ago
- Business
- Yahoo
Chainlink Price Prediction - What could affect LINK's future price?
Chainlink price prediction factors into current mixed signals: while bullish institutional adoption supports growth, technical resistance and macroeconomic risks persist. Traders are watching the $14 level as a critical short-term pivot for LINK's next move. - Institutional adoption (SWIFT, JPMorgan, Solana CCIP) fuels demand. - Technical setup tests key support at $14; failure risks drop to $13.22. - Macro risks (Fed policy, BTC dominance) threaten altcoin liquidity Chainlink's Cross-Chain Interoperability Protocol (CCIP) went live on Solana on May 19, unlocking access to $18B+ in assets and enabling cross-chain DeFi growth. Partnerships with JPMorgan (tokenized asset transactions) and endorsement by the World Economic Forum (Chainlink) as a cross-chain standard strengthen its institutional foothold. However, a May 29 oracle glitch caused $532K in user losses, briefly eroding trust before Coinbase adopted Chainlink's Proof of Reserve system for $4.6B in cbBTC reserves. LINK trades at $14.41, below the 200-day EMA ($15.74) and testing Fibonacci support at $14.22. Key levels:- Bullish: A hold above $14 could trigger a cup-and-handle breakout toward $18-19 (AMCryptoAlex).- Bearish: A breakdown below $14 risks a drop to $13.22 (May 30 low) or $10.12 (CoinCodex correction forecast).The MACD histogram (-0.176) and RSI (45.95) show weak momentum, but whale transactions surged 299% to $101M on May 30, hinting at accumulation. Bitcoin's 63% dominance and the Crypto Fear & Greed Index (61/Greed) suggest capital remains risk-averse. Upcoming U.S. core PCE data (May 30) and Fed rate decisions could pressure altcoins if inflation stays sticky. Regulatory clarity for tokenized assets (favored by Chainlink's TradFi integrations) might offset downside. Chainlink's price hinges on holding $14 to capitalize on DeFi growth via CCIP and institutional demand, while macro headwinds and technical resistance pose near-term risks. Will Bitcoin's dominance retreat before Chainlink's partnerships translate into sustained LINK buying pressure? Chainlink price prediction remains mixed as traders are bearish short-term due to a critical oracle glitch and $703M in market liquidations, but long-term bulls highlight Chainlink's institutional adoption and technical rebound potential. - Oracle malfunction caused $532k losses, sparking reliability concerns and a 7.77% price drop. - Whale activity surged 299% ($101M moved), signaling institutional moves amid volatility. - Technical analysts debate $13.86 support vs. $16 resistance for a potential short squeeze. Bearish sentiment dominates short-term discussions after a Chainlink oracle update glitch on May 30 triggered $532k in liquidations, dropping LINK to $14.33 (-9.58% in 24h). However, long-term holders remain optimistic due to Coinbase's adoption of Chainlink's Proof of Reserve for $4.6B in cbBTC reserves and rising Total Value Secured (TVS), which grew 50% in May to $65B+. Oracle Reliability: The glitch reignited debates about Chainlink's vulnerability in low-liquidity markets, with critics urging protocol safeguards. Whale Moves: A 299% spike in large transactions (6.71M LINK moved) suggests whales are either accumulating or redistributing during volatility. Technical Crossroads: Analysts highlight $13.86 as make-or-break support. A hold could trigger a short squeeze toward $17.40, while a breakdown risks $12.70. CryptoELITES (bullish): Links Chainlink's rising TVS and partnerships (SWIFT, JPMorgan) to long-term upside, targeting $30+. Alphractal (neutral): Notes long liquidations last week but sees potential for rapid recovery if LINK stabilizes above $14. CoinCodex (cautious): Predicts a possible 32% correction to $10.12 if LINK fails to reclaim $16. Chainlink faces a credibility test after its oracle glitch, but its institutional traction and oversold technicals leave the door open for a rebound. Will $13.86 support hold, or will macro headwinds push LINK toward $12? To get the latest update on LINK, visit our Chainlink currency page. Content created: 30th May 2025 Disclaimer: Content generated by CMC AI. CMC AI can make mistakes, please DYOR. Not financial advice. Sign in to access your portfolio
Yahoo
5 days ago
- Business
- Yahoo
Bitcoin hovers near record high as investors flock to crypto safe haven amid geopolitical uncertainty
Bitcoin's rally is rolling on, with its price sitting near a record high as investors are piling into the cryptocurrency amid a storm of global economic uncertainty, a downgrade of U.S. debt and growing confidence in the forthcoming regulation of digital assets. At the heart of this surge are several powerful catalysts, according to analysts and executives gathered at this year's Solana Accelerate Conference. Among the top reasons for the rally: bitcoin's rising status as a safe haven asset, mounting geopolitical instability and a wave of institutional adoption. "Bitcoin is starting to behave as a safe haven asset, and there's more and more instability in the world," said Chainlink co-founder Sergey Nazarov. "For the first time now, it's starting to get decoupled from tech stocks. So, if you wanted to choose a second safe haven asset after gold, bitcoin would now be a logical choice." Johann Kerbrat, senior vice president of Robinhood Crypto, echoed this sentiment, telling FOX Business that "people see bitcoin as a reserve as well. And so, when there is a bit of instability in the market or in the globe, they actually use bitcoin as a reserve currency." Adding fuel to the rally: optimism that meaningful crypto legislation is finally within reach. Momentum is building in Congress, with both chambers considering key regulatory frameworks for stablecoins – digital currencies pegged to traditional assets like the U.S. dollar – and market structure bills that would define how digital assets are traded and held. Read On The Fox Business App Jpmorgan Ceo Jamie Dimon Clears Bitcoin For Bank "I think in 10 days we will have it completed and through the Senate," Sen. Bill Hagerty, R-Tenn., said last week, referring to the GENIUS Act – short for "Guiding and Establishing National Innovation for U.S. Stablecoins." Rep. French Hill, R-Ark., a leading voice in House crypto policy, told FOX Business, "We have no rules on this. And so these are significant, because if we have rules about a payment stablecoin and a market structure bill... then money will come back to the U.S., innovation will come to the U.S., and we'll be the No. 1 fintech digital assets country in the world. That's what I want to do." Hill also emphasized the urgency and strategic importance of moving forward before lawmakers break for the summer. "We're looking forward to the Senate passing the GENIUS Act, seeing what it contains, how it's structured, and how we can work together to get to the president's desk a dollar-backed stablecoin before the August recess," he said. Kristen Smith, president of the Solana Policy Institute, added that support for crypto policy is cutting across party lines. "It's a bipartisan issue," Smith said. This isn't something that only Republicans or only Democrats care about. This is really an American issue. And I think that that is starting to translate into the markets with some comfort that our economy is stabilizing, that the policies are coming into place, and that this is an opportunity for growth in the crypto industry from here going forward." Us Solidifying Itself As Bitcoin Mining Hub Cryptocurrency has also made its way to the top levels of the Trump administration, with Vice President JD Vance heading to Las Vegas to deliver the keynote address at this year's Bitcoin Conference on Wednesday. Further highlighting the mainstreaming of crypto, a dozen U.S. bitcoin exchange-traded funds (ETFs) have attracted robust inflows, with investors pumping in about $4.2 billion so far in May. This surge in institutional interest marks a major shift in how traditional investors approach digital assets, viewing them less as speculative bets and more as components of diversified portfolios. Meanwhile, The Wall Street Journal reports that major U.S. banks are exploring partnerships with crypto firms to issue a joint stablecoin. The move comes amid growing concerns that private sector stablecoins could start to siphon off customer deposits and reshape how money moves across the financial system. "I think the banks want to be part of that payment space," Hill added. "Banks have moved to real-time payments now… I think you can also predict in the future that we'll have 24-hour-a-day, seven-day-a-week, tokenized transactions in securities or in payments." With the global financial system in flux, regulatory clarity on the horizon and institutional investors entering the fold, bitcoin's breakout could be just the beginning of a broader transformation of how value is stored and moved. Whether bitcoin becomes the digital gold of the 21st century or something altogether different remains to be seen. But one thing is clear: the crypto world is no longer on the fringe – it's front and article source: Bitcoin hovers near record high as investors flock to crypto safe haven amid geopolitical uncertainty
Yahoo
23-05-2025
- Business
- Yahoo
Weekly Recap: 15 Tech Press Releases You Need to See
A roundup of the most newsworthy tech announcements from PR Newswire this week, including a new XR device for Android, Acer's new Copilot+ PCs and a tech tradeshow recap. NEW YORK, May 23, 2025 /PRNewswire/ -- With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help tech journalists and consumers stay on top of the week's most newsworthy and popular releases, here's a recap of some major stories from the week that shouldn't be missed. The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download. Embracing AI Unveils Purpose-Built AI Alliance to Deliver Operational Impact for SMBs and EnterprisesEmbracing AI, a newly formed alliance of technology leaders, officially launched with a clear mission: to simplify and accelerate operational AI adoption for organizations of all sizes. Embracing AI is purpose-built to help companies turn their data into decision-ready insights while maintaining enterprise-grade security, reliability, and speed. ViewLift Unveils Cutting-Edge AI Products to Transform Streaming Intelligence and OperationsViewLift announced the launch of two groundbreaking AI-powered solutions designed to revolutionize business intelligence and customer support operations for media companies, sports organizations, and content owners distributing their content worldwide. XREAL Unveils 'Project Aura' at Google I/O -- An Optical See-Through XR Device for Android XRA lightweight and tethered, cinematic, and Gemini AI-powered device, Project Aura brings a large field-of-view experience to the Android XR family — setting a new standard for immersive, wearable computing. Record-Breaking World Liberty Financial USD1 Stablecoin Unlocks Cross-Chain Capabilities With Chainlink "Chainlink's battle-tested infrastructure delivers the institutional-grade security and extensive reach needed to deliver USD1 into the hands of millions across a growing number of active, onchain ecosystems. WLFI's partnership with Chainlink will accelerate and improve USD1's utility for cross-border payments and will result in truly useful applications across DeFi and traditional finance," said Zach Witkoff, co-founder of World Liberty Financial. Palantir and Divergent Form Partnership to Revolutionize On-Demand Advanced Manufacturing With access to the Divergent Adaptive Production System (DAPS™) within Palantir's software, customers will be able to rapidly identify emerging supply chain vulnerabilities and then directly address them through on-demand manufacturing of critical parts by Divergent. Superna Launches Data Security Essentials for Dell PowerStore, Delivering Unified Protection for All File Data -- Including Windows Server Workloads As ransomware attacks become more sophisticated and relentless, organizations need proactive defense that starts where attackers do — at the data layer. Superna's latest innovation for PowerStore delivers real-time visibility and control to reduce risk before an attack begins and stop threats the moment they strike. Persist AI Launches Cloud Lab to Accelerate Pharmaceutical Formulation Development, Raises $12M Series A Funding The new platform allows pharmaceutical companies to develop formulations using Persist AI's state-of-the-art robotic laboratory facilities through a website, dramatically accelerating drug development timelines while using a fraction of the materials required by traditional methods. From Web3 to Wall Street: Bybit Becomes the First Crypto Exchange to Offer Direct Global Stock Trading with USDT Whether you're hedging crypto volatility with gold, speculating on oil or forex, or investing in tech stocks, Bybit's enhanced Gold & FX offering opens the door to a truly unified financial experience. Ursa Space Systems and Aireon Team Up to Enhance Aircraft Monitoring with Space-Based ADS-B Data With the addition of Aireon's ADS-B data, Ursa Space customers will gain near real-time visibility into aircraft movements over areas of interest, flight patterns, airfield activity, and aerial logistics. These insights will power Ursa Space's custom monitoring services and subscription analytics, furthering the company's mission to deliver insights at speed and scale. LexisNexis Risk Solutions Launches New ADAM Program Interactive Dashboard to Help Recover Missing ChildrenThis innovative, AI-driven tool allows the public to easily search geo-targeted alerts sent through the ADAM Program (Automated Delivery of Alerts on Missing Children) and view missing child posters by location, and other filters. Frisco Unveils New Innovation Hub to Support Growing Innovation and Venture Capital Sectors The facility is designed to bring industry specific accelerator programming, sports-tech innovation in human potential and international startup support to the region. " I'm excited to see the groundbreaking innovation that will take shape here," said Jeff Cheney, Mayor of Frisco, Texas. JetCool, a Flex Company, Launches New Liquid Cooling Systems Delivering 15% IT Power Savings Without Facility Upgrades "With the new SmartPlate System, we're helping customers deploy more compute per rack in colocations and facilities that don't have water hookups, all while cutting power consumption and improving thermal performance," said Dr. Bernie Malouin, JetCool Founder and Flex Vice President. Muon Space Awarded Additional NRO Contract for Next Phase of Commercial Electro-Optical Capabilities Muon Space's vertically integrated technology platform, Muon Halo™, provides end-to-end solutions from space-based sensing to advanced onboard processing. Designed to support a range of government and commercial applications, it facilitates missions that shape the future of national security and Earth observation. YUAN Unveils Next-Gen AI Robotics Powered by NVIDIA for Land, Sea & Air With its Pandora NX Super and AIR NX Super platforms, YUAN, a pioneer in industrial video PCs, is revolutionizing autonomous decision-making and real-time video analytics. These advanced solutions bring groundbreaking innovations to maritime safety, agricultural optimization, and aerial inspections. Acer Debuts New Copilot+ PCs: Ultra-light Swift Edge AI and Everyday-Performer Swift Go AI The new Swift Copilot+ PCs boast NPUs that perform over 40 TOPS and are equipped to run the most demanding AI workloads and offer exclusive AI experiences such as Recall (preview), Click to Do (preview), and improved Windows search, Cocreator, Live Captions, and Windows Studio Effects. For more news like this, check out all of the latest technology-related releases from PR Newswire. Do you have a technology press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most. Tech Tradeshows This week, our team also spotted several press releases coming out of big tech tradeshows, including COMPUTEX in Taipei, GITEX Europe in Berlin and Autodesk DevCon in Amsterdam. With topics ranging from software development to the future of tech, AIoT and startups, there was a lot to keep up with. Here are just a few of the headlines you might have missed: MiTAC Computing Showcases Strategic AI and Cloud Infrastructure Partnership with AMD at COMPUTEX 2025 HKC to Debut Cutting-Edge Display Technologies at Computex 2025, Setting a New Standard for Visual Excellence VIDIZMO Set to Drive Europe's AI Adoption at GITEX EUROPE 2025 with Responsible AI-powered Solutions Industry First: XGRIDS Debuts AI-Powered 3DGS Scan-to-BIM Plugin for Revit at Autodesk DevCon Europe 2025 Helping Journalists Stay Up to Date on Industry News These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists. Once they're signed up, reporters, bloggers, and freelancers have access to the following free features: Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more. Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger's next story. Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles. Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more. About PR Newswire PR Newswire is the industry's leading press release distribution partner with an unparalleled global reach of more than 440,000 newsrooms, websites, direct feeds, journalists and influencers and is available in more than 170 countries and 40 languages. From our award-winning Content Services offerings, integrated media newsroom and microsite products, Investor Relations suite of services, paid placement and social sharing tools, PR Newswire has a comprehensive catalog of solutions to solve the modern-day challenges PR and communications teams face. For 70 years, PR Newswire has been the preferred destination for brands to share their most important news stories across the world. For questions, contact the team at View original content to download multimedia: SOURCE PR Newswire
Yahoo
22-05-2025
- Business
- Yahoo
Chainlink Gains as Exchange Outflows Point to Strong Accumulation
Chainlink's price action demonstrates remarkable resilience amid mixed global economic conditions. The token has established a well-defined rising channel pattern, with technical indicators supporting continued bullish momentum. After successfully breaking above the 200-day moving average, LINK has maintained its upward trajectory despite short-term resistance. Exchange outflows remain consistently negative, with $11.27 million worth of LINK exiting exchanges this week following $55.2 million in outflows last week. This pattern of decreasing exchange balances typically signals investor accumulation rather than selling pressure. Meanwhile, Chainlink's technology continues gaining traction in the DeFi sector, with recent integrations including JPMorgan, Ondo Finance, and Solana mainnet. Analysts project LINK could reach $20 in the near term, with longer-term forecasts suggesting potential growth to $50 by 2028 and $100 by 2030 as adoption of its Cross-Chain Interoperability Protocol (CCIP) expands across the blockchain ecosystem. Technical Analysis Highlights LINK established strong support at $15.60 with high-volume buying emerging at the $15.27-$15.30 zone during the 18-19 hour timeframe on May 20th. A significant volume spike (3.08M) during the 11:00 hour on May 21st coincided with LINK testing the $16.24 resistance level. The overall trend remains bullish with higher lows forming a clear upward channel. LINK demonstrated significant bullish momentum in the last hour, surging from $15.67 to a peak of $15.91, representing a 1.5% gain. A notable volume spike occurred at 13:30, catalyzing a sharp upward movement that established a new support level around $15.75. The price action formed an ascending channel with higher lows, though some profit-taking emerged near the $15.90 resistance level. Final minutes showed consolidation around $15.85, with volume patterns suggesting accumulation rather than distribution. External References "Chainlink Price Prediction: Can Increased Network Adoption Rejuvenate Bullish Momentum for LINK?", CoinPedia, published May 20, 2025. "Chainlink price prediction 2025-2031: A strong buy sentiment for LINK?", Cryptopolitan, published May 20, 2025. "Chainlink In Rally Mode: Rising Channel Formation Signals Continued Climb", NewsBTC, published May 21, 2025. "Chainlink price targets $20 as exchange outflows surge", published May 21, in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
