Latest news with #Chainlink
Yahoo
3 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
7 days ago
- 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
Business Mayor
21-05-2025
- Business
- Business Mayor
Chainlink could rally past $16.5, but THIS hurdle weighs on LINK
The high development activity of Chainlink inspired long-term investors. The high supply of profit and lack of network-wide accumulation posed a significant obstacle to the bulls. Chainlink [LINK] was one of the fastest-developing Ethereum [ETH]-based assets. In a Santiment Insights post, user Brian noted how Chainlink continued to lead in development activity. Santiment data revealed that Chainlink's development activity over the past 30 days was 50% higher than Ethereum's. This metric tracks software development events across different blockchains and their dApps. Despite this strong developer engagement, Chainlink has been experiencing notable on-chain profit-taking activity. Chainlink bulls' attempt to breach $16.5 Source: Santiment The dormant circulation chart showed a large spike on the 25th of April. The metric is useful in understanding a swift uptick in network activity. It shows the number of unique tokens not moved within the previous 180 days that were transacted on a given day. Its surge in April coincided with a drop in the Mean Coin Age (MCA). The two metrics go hand-in-hand, and together indicated a flurry of selling activity when LINK approached the $15.5 level. This level marked the highs of a range at that time. The MCA, which had been trending upward since December, was interrupted in March and again in April. The holders' willingness to sell as Chainlink prices knocked on the doors of key resistance levels reflected a lack of conviction. Source: Glassnode A key metric that may concern long-term investors is the percentage of supply in profit. At press time, 76% of LINK holders were in profit. Notably, previous waves of selling on the MCA in March and April occurred when this figure was at 65% and 56%. Read More Crypto market's weekly winners and losers – BEAM, KAS, XMR, FXS Over the past few days, Chainlink has retested the $15.5 level—previously a resistance, as a support zone, with bulls attempting to push the price higher.
Time of India
20-05-2025
- Business
- Time of India
Crypto divide in the Senate: Democrats clash as Trump pushes forward on Stablecoin Bill
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The US Senate took a historic step towards regulating stablecoins Monday night, May 19 but the debate on the chamber floor extended far beyond digital the official focus was on establishing a framework for dollar-pegged cryptocurrencies, the subtext was unmistakable: President Donald Trump's growing influence over the future of crypto loomed large over the procedural vote passed handily, 66 to 32, a moment some hailed as historic, the first serious bipartisan movement toward regulating crypto. But if the tally suggested unity, the speeches and side-glances told another story. Trump's unapologetic crypto boosterism hovered over every word, with many Democrats visibly wrestling with the optics of backing legislation that could hand the president another perceived read: Bitcoin trades above $106,000 as market shrugs off US credit downgrade; Ethereum, Chainlink jump over 7% Sixteen Democrats crossed the aisle to push the bill forward. Senators like Kirsten Gillibrand, Cory Booker, and Adam Schiff, all prominent voices on tech and finance, stood behind the legislation. It wasn't a casual endorsement. Each one knew the risks: Trump's fingerprints on the crypto world are everywhere, from family-linked ventures to rumored backdoor co-sponsoring the bill with Tennessee Republican Bill Hagerty, praised the effort as a necessary evolution. 'This framework moves us out of the Wild West and toward something that could actually work,' she told reporters before the vote. But even her optimism couldn't disguise the unease within her the Republican side, opposition came not from Trump loyalists but from libertarian purists like Rand Paul and Jerry Moran, who've long bristled at federal control over decentralized tech. Their no-votes were predictable. The real theater was unfolding among Elizabeth Warren delivered the night's sharpest blow. In a speech that drew murmurs even from seasoned staffers, she accused 'the President' of using crypto to launder influence and line his own pockets. She never said 'Trump,' but no one was confused. 'This bill,' she said, 'doesn't just unlock stablecoins. It opens the door to unchecked corruption, national vulnerability, and financial chaos.'On the floor, cameras caught her in a quiet but charged exchange with Gillibrand. A few words, a sharp gesture, a clenched jaw, it was the kind of moment that defines Senate read: JPMorgan Chase to offer clients access to Bitcoin, despite CEO Dimon's continued criticism Even Democrats who voted yes felt the pressure. Senator Mark Warner, instrumental in shaping the compromise text, gave a carefully worded statement afterward. 'The Trump family's history with crypto raises serious red flags,' he said. 'We have to acknowledge that. But turning our backs on the technology won't make the risk disappear. This bill gives us guardrails — finally.'With Senate support now secured, attention shifts to the GOP-held House, where Trump allies are expected to move quickly. A similar version of the bill already passed the House Financial Services Committee, clearing a path for final passage, and a signature from a president who has loudly cheered crypto's the crypto industry, which has spent years pushing for clarity, the moment feels like a vindication. But for lawmakers caught between innovation and integrity, it's a tightrope walk. The legislation may rein in stablecoin volatility and establish oversight, but it also legitimizes a market closely tied to a president known for bending or ignoring the the bill becomes law, it won't just mark a win for crypto. It will cement Donald Trump's place in its future. And for many on the Senate floor Monday night, that was the real vote they were casting, one not just about digital currency, but about the currency of power.
