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Oracle

Oracles are essential infrastructure components that feed real-time, off-chain data (such as price feeds, weather, or sports results) into blockchain smart contracts. Without decentralized oracles like Chainlink and Pyth, DeFi could not function. In 2026, oracles have evolved to support verifiable randomness and cross-chain data synchronization. This tag covers the technical evolution of data availability, tamper-proof price feeds, and the critical role oracles play in ensuring the deterministic execution of complex decentralized applications.

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Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
A glimpse into the latest developments of mainstream Perp DEXs: What big things are they up to?

A glimpse into the latest developments of mainstream Perp DEXs: What big things are they up to?

Written by: Jaleel Jia Liu, BlockBeats Although the entire crypto market seems to have returned to a "bear market," the enthusiasm for new sectors has not diminished much. Especially in the derivatives sector, Perp DEX, many traders and community users are focusing more on high-frequency, structured, and points-based perpetual markets. This is why Perp DEX, which has not yet issued its own token, can still achieve amazing results in a sluggish environment. This momentum will see a concentrated surge in December: two top-tier DEXs that haven't yet launched their own tokens will soon undergo TGE (Transactions Exclusive). Will they be able to replicate the frenzy surrounding Aster's launch, or even replicate that phenomenal market performance? Many users, including myself, are eagerly anticipating it. BlockBeats has compiled a list of the top-perp DEXs by trading volume and the most talked-about topics, summarizing their key events and developments over the past two to three weeks to help everyone gain a deeper understanding of the PerpDEX sector. edgeX: Seal Meme is here! 1. Community Memecoin Seal $MARU Arrives The most talked-about thing about edgeX has to be the launch of its community memecoin, $MARU. This token, modeled after edgeX's seal mascot, attracted a lot of attention as soon as it was announced. The total supply is 10 billion tokens, and the expected launch date is after the Open Season ends, which is after December 3rd. 70% of the total supply will be directly allocated to airdrops and ecosystem incentives, 20% will be used for the liquidity pool (unlocked upon launch for easy trading), and the remaining 10% will be reserved for core contributors (fully locked for long-term incentives). How do you obtain $MARU? There are two main channels: The first is Open Season Points, which is also the primary channel. These points will be converted into $MARU airdrops after December 3rd. It's important to note that the platform has minimum trading volume requirements, and wash trading will be identified and penalized. The weighting for earning points is as follows: Trading perpetual contracts: weighted at 60%, they constitute the majority of points; Referral bonus: 20% weighting; TVL/Liquidity Provision: Weighting 10%; Positions/Liquidation: Weighted at 10%; Secondly, there's the creator activity, which can be simply understood as Kaito's way of earning rewards by creating content. There are many forms of tweets: create tweets, videos, memes, etc., and tag @edgeX_exchange. Original, high-quality content that has been officially selected (AI-generated content does not count; supports multiple languages including English, Chinese, Korean, and Japanese) will have the opportunity to share a prize pool of 500,000 USDT + 20 million MARU. Some users have already seen the temporary rewards (such as 21,370 MARU + 464 USDT) on the dashboard. You can claim the USDT first, and the MARU will be distributed after the official launch. 2. EdgeX Messenger upgrade Somewhat related to the previous point is the edgeX Messenger upgrade. Announced on November 13th, this plan aims to transform edgeX Messenger from a simple communication tool into a global DeFi collaboration hub. Core focus: Providing a collaborative platform for traders and influencers; deep integration with the $MARU incentive mechanism. In short, the goal is to create a platform that integrates a trader community, content creation, and an incentive mechanism. 3. edgeXFlow Ecosystem Launch On November 19th, edgeX made another big move: launching the edgeXFlow ecosystem. In short, edgeXFlow is a new modular execution layer that operates in parallel with the existing StarkEx. Technical specifications: Execution latency: <10ms; Order processing capacity: 200,000 orders/second; ZK proof guarantees transparency, etc. The first partner was Ave.ai, and the two jointly launched the XPIN trading campaign (November 19-26). The design of this campaign was quite interesting—it wasn't just a traditional PnL competition, but adopted a hybrid incentive model: tiered airdrop rewards based on trading volume; a leaderboard with 200 slots (expanding the scope of winners); and a 1.1x edgeX points bonus. edgeX has ambitious goals, aiming to integrate 30 ecosystem partners by Q2 2026. It seems they intend to expand this infrastructure and establish it as an industry standard for modular execution layers. 4. Points Countdown The Open Season is now in its final countdown! We're currently in weeks 20-24, with an estimated 2-4 weeks left until the end. In recent weeks, 300,000 points have been distributed weekly, covering 13,000-14,000 addresses. According to calculations by influential figures in the community, assuming edgeX's revenue is approximately 16% of Hyperliquid's, if the total FDV reaches around $2-7 billion during TGE, the value per point could be between $30 and $300. Of course, this is just an estimate, and the actual value will depend on market conditions. The current probability of edgeX's FDV on the first day of launch on Polymarket is as follows: 5. Established a strategic partnership with Polymarket This is also quite a big piece of news. Yesterday, edgeX announced a strategic partnership with Polymarket: Polymarket's prediction scenarios will be seamlessly integrated into the edgeX mobile app; users can participate in event prediction with one click; and the two parties will jointly develop innovative leveraged prediction products. Since the news was announced yesterday, there are no more details yet, but we can keep an eye on future developments. It is expected that the products that will be co-developed and incubated will be one of the key projects in the edgeXFlow ecosystem. Lighter: Raised 68 million, valued at 1.5 billion. 1. Major Financing On November 11th, Lighter announced the completion of a $68 million funding round, instantly becoming a DeFi unicorn. The lineup of investors in this round was quite impressive: Financing details: Amount: US$68 million (equity + token subscription rights) Valuation: $1.5 billion (post-valuation) Lead investors: Founders Fund (Peter Thiel), Ribbit Capital Investors: Haun Ventures, Robinhood (a rare instance of a brokerage VC participating in the investment) Total funding: Approximately $90 million (including $21 million raised in 2024, led by Haun/Craft). There are several noteworthy aspects to this round of financing: First, the investor lineup is top-tier. Founders Fund is one of the top VCs in Silicon Valley, and Robinhood, as a brokerage firm, is directly investing in perp DEX, which is rare in the industry, indicating that traditional finance is increasingly recognizing decentralized derivatives. Secondly, the founder has an impressive background. Novakovski is a legendary figure—he entered Harvard at 16, graduated at 18, and was personally recruited by Ken Griffin, the founder of Citadel. He later worked as an engineer and trader at several financial institutions for nearly 15 years. Joey Krug, a partner at Founders Fund, stated frankly that 85%-90% of the reasons for investing were due to founder Vladimir Novakovski and his team. 2. The only DEX with a daily trading volume exceeding 10 billion. Lighter's recent growth data is quite explosive. 24-hour trading volume: approximately $7.9-11.2 billion (fluctuates depending on the time period, and was once the only DEX to break through $10 billion). TVL: Approximately US$1.15 billion (a 2,000-fold increase in 6 months! From approximately US$500,000 at the end of March); Positions held: Over $17 billion; L2 Ranking: It has risen to the top ranks of the Ethereum L2 protocol and is considered the first native perp DEX on Ethereum; However, some analysts have pointed out concerns: Lighter's trading volume/open interest ratio once reached 27 (the industry healthy value is usually ≤5), suggesting that some trading volume may have come from wash trading driven by points incentives. Wash trading before TGE is a characteristic of the industry. We may soon know Lighter's true trading volume after TGE. But considering the platform has just graduated from beta, its overall performance is still very impressive. 3. Oracle integration + RWA extension, targeting traditional financial assets. Lighter recently announced a partnership with Chainlink to integrate real-time oracle data, officially expanding into the real-world asset (RWA) derivatives space. Supported asset classes include: commodity futures contracts (gold, crude oil, etc.); stock index derivatives; foreign exchange trading pairs; and other real-world assets. In addition, since RWA price sources are not available 24/7 (for example, gold and stocks only have prices during trading hours), Lighter has also made some special arrangements: during non-trading hours, it enters a "margin reduction only" mode, where users can only submit margin reduction orders; funding rates continue to be calculated normally during non-trading hours; the RWA market only supports segregated margin mode (considering its experimental nature and volatility); and a dedicated XLP (experimental liquidity provider) pool has been set up to provide liquidity to the RWA market, which is segregated from the main pool LLP. Hyperliquid: The Joys and Sorrows of a King 1. HIP-3 upgrade, transaction fees reduced by 90% On November 19, Hyperliquid released a major upgrade: HIP-3 Growth Mode. HIP-3 itself allows anyone to deploy their own perpetual contract market on Hyperliquid permissionlessly by staking 500,000 HYPE tokens. This "growth model" is a further optimization based on HIP-3—specifically providing ultra-low fee incentives for new markets. Key changes include: Taker fees have plummeted by over 90%, from 0.045% to 0.0045%-0.009%; high-staking users will benefit even more, with fees as low as 0.00144%-0.00288% if they reach the highest staking and trading volume levels; rebates and trading volume contributions can be reduced by over 90% simultaneously, and so on. However, to prevent "parasitic trading volume," growth model markets have some exclusion rules: they cannot include BTC or existing validator-operated markets, cryptocurrency baskets/ETFs, synthetic price indices, or any assets that duplicate existing markets (for example, gold already has PAXG-USDC). The purpose of this upgrade is clear: to lower the barrier to entry for new markets. New markets often start with few traders and low liquidity, and a 90% fee discount can effectively attract early users, further helping Hyperliquid to evolve from "a PerpDEX" into a "permissionless financial infrastructure layer." 2. Yet another whale has "arrived at the same destination by different paths". Celebrity trader Andrew Tate recently lost all his money on Hyperliquid and has been jokingly referred to as "Hyperliquidated". According to Arkham on-chain data, Andrew Tate's liquidation can be traced back to almost a year ago. On December 19, 2024, there was a collective liquidation of long positions in BTC, ETH, SOL, LINK, HYPE, PENGU, and other cryptocurrencies. On November 18th, when BTC fell below $90,000, Andrew Tate's last remaining position was liquidated, leaving his account with zero. This instantly became meme material, given his frequent self-proclaimed status as a financial guru. One analyst listed him as "one of the worst traders in crypto history," alongside other big players who lost a lot of money on Hyperliquid (James Wynn lost $23 million, Qwatio lost $25.8 million, and 0xa523 lost $43.4 million in one month). 3. POPCAT manipulation attack On November 12, Hyperliquid suffered its second major attack this year, the first being XPL, and this time the target was memecoin POPCAT. The attacker withdrew 3 million USDC from OKX and distributed it across 19-26 new wallets. They then opened approximately $20-30 million in leveraged long positions in POPCAT on Hyperliquid (around 5x leverage), followed by placing approximately $20 million in buy orders at the $0.21 price level to create a false impression of strong demand. Other traders, seeing the buy orders, assumed there was support and followed suit by going long. The attacker suddenly withdrew the buy orders, causing the POPCAT price to plummet from $0.21 to $0.13. Ultimately, a large number of leveraged long positions were liquidated, with at least 26 accounts losing a total of $25.5 million in positions and $2.98 million in margin. HLP was forced to absorb $4.9 million in bad debts. The strange thing about this attack is that the attackers themselves also lost $3 million, suggesting it wasn't for profit. There are two main speculations in the community regarding this: One is that the attack was purely a "stress test" to damage Hyperliquid's reputation, with Binance/CZ being the primary suspect. The other is that the attackers opened hedging positions on centralized exchanges, thus profiting overall; on-chain analysis points to BTX Capital, but founder Vanessa Cao has denied involvement. Aster: Spending money while simultaneously buying back shares 1. Phase 4 "Aster Harvest" airdrops 120 million ASTERs. On November 10th, Aster officially launched its fourth phase of airdrops, codenamed Harvest. The distribution size was 120 million ASTER (representing 1.5% of the total supply) over a period of 6 weeks (November 10th - December 21st), distributed at a rate of 0.25% per week, evenly distributed across 6 epochs. Compared to previous phases (S2 received 4%, S3 received 2.5%), the distribution ratio in S4 has indeed shrunk. However, community analysis suggests that due to the potential decrease in the number of participants, the returns per user may actually be higher, and the halving could potentially drive up the token price. Here are a few tips for earning more points at this stage: $ASTER can be used as collateral for perpetual contracts, and you can earn extra points by using $ASTER as collateral for contracts; you get a 5% discount on transaction fees when paying with $ASTER; spot trading is also eligible for points; another is anti-scalping measures, as Aster now emphasizes quality trading and has set up maker order and symbol accelerator multiplier mechanisms to try to filter out wash trading behavior. 2. A $10 million trade contest: "Double the fish" On November 17, Aster launched its largest trading competition in history: a total prize pool of $10 million. The competition is divided into five weekly phases (running until December 21), with each phase having its own leaderboard. The first phase has a prize pool of $1 million, which can reach up to $2 million per week. There are 1,000 winning slots per phase. Only perpetual contract trading is allowed, and rankings are based on trading volume and PnL. The biggest feature of this trading competition is the "double win" principle, meaning the same trade can be counted in both the competition and the S4 airdrop. For example, top players can earn up to $300,000 in a single week, and if they dominate the leaderboard for five consecutive weeks, they could theoretically earn $1.5 million. 3. The repurchase agreement continues to advance. Aster's buyback program is considered quite aggressive within the perp DEX sector. As of November 13th, the cumulative buyback amount was approximately $214 million; the number of tokens bought back represented 7.11% of the circulating supply. CZ recently placed an order to buy over $2 million worth of ASTER, triggering speculative demand; in addition, market makers such as Wintertermute are also quietly increasing their holdings, so some analysts predict that ASTER may rise to $10. However, some in the community have expressed concerns: ASTER still has approximately 6.35 billion tokens locked, and their future unlocking could lead to selling pressure. An estimated $700 million worth of tokens are still awaiting unlocking before 2026. The recent fluctuations in the unlocking schedule have caused some panic. However, the official team has stated that the unlocking schedule will not be changed. 4. "Machi Mode" function This might be the most interesting new feature launched by Aster. On November 19th, Aster announced the launch of "Machi Mode," where liquidated users can receive points as a reward, essentially giving traders who lost money a "consolation prize." Why is it called Machi Mode? It's a joke about the well-known trader Jeffrey Huang, who is known in the trade community as "Machi Big Brother". According to Lookonchain data, since November 1st, the three largest holders on Hyperliquid who have been liquidated the most times are: Machi Big Brother—71 liquidations; James Wynn—26 liquidations; and Andrew Tate—19 liquidations. Machi is far ahead of the pack, arguably the unluckiest "King of Liquidation." He once lost over $53 million in a single month, and his trading style is known for its extremely high leverage and aggressive positions. Aster naming this feature after him is, in a way, an embrace of the degen culture within the crypto world. other In addition, I'd like to share some recent updates on two other Perp DEXs that I follow closely, both of which have yet to issue their own tokens. 1. Pacifica On November 12, Pacifica announced the launch of the TIF=TOB (Time in Force = Top of Book) order type. Simply put, when you submit a post-only limit order, if the price is set too aggressively, it will penetrate the order book (i.e., be executed immediately). The traditional approach is to cancel the order. However, TIF=TOB will not cancel it; instead, it will automatically move your order to the top of the order book. For example, suppose the current best bid price (Bid) for BTC is $100,000, and the best ask price (Ask) is $100,100. If you submit a TOB buy order at $100,200 (which will penetrate the Ask), the system will automatically adjust your order to $100,099—just below the best ask price, placing it at the top of the new order book. This is a very useful feature for market makers. Pacifica has now become one of the most important projects on the Solana blockchain. 2. Variational Another example is Variational, the Perp DEX, which played a significant role in Arbitrum's DeFi revival strategy. Its key features include: an automated listing engine that eliminates coordination delays through OLP's internal market making, currently supporting 515+ tokens, making it the DEX with the most listed tokens; the protocol itself acts as a market maker, with hedging costs of only 0-2 basis points, and users paying a spread of 4-6 basis points, achieving an annualized return of over 300% at one point. It also offers loss compensation: cumulative refunds have exceeded $2 million, covering over 70,000 transactions and benefiting over 6,500 users, with the highest single refund exceeding $100,000, accounting for approximately 2% of the platform's total losses. On November 15th, over $1 million in rewards were retrospectively distributed; on November 17th, a retail sentiment index tool was launched, showing that 89% of trading volume came from the long tail market. Overall data growth is very rapid. A points-based competition is not yet available, but retrospective trading volume tracking may be implemented later.

Author: PANews

2025/11/23

Verstappen Wins, Norris Moves Closer To F1 Title

Verstappen Wins, Norris Moves Closer To F1 Title

The post Verstappen Wins, Norris Moves Closer To F1 Title appeared on BitcoinEthereumNews.com. LAS VEGAS, NEVADA – NOVEMBER 22: Race winner Max Verstappen of the Netherlands and Oracle Red Bull Racing lifts his trophy on the podium during the F1 Grand Prix of Las Vegas at Las Vegas Strip Circuit on November 22, 2025 in Las Vegas, Nevada. (Photo by Hector Vivas/Getty Images) Getty Images Red Bull’s Max Verstappen delivered a masterclass at the Las Vegas Grand Prix, taking victory to keep his championship title hopes alive. Starting the race in second behind championship leader Lando Norris, Verstappen pounced when the McLaren driver went wide at Turn 1 on the opening lap. From there, the four-time world champion took the lead and never looked back, guiding his Red Bull to a sixth victory this season and his eighth consecutive podium finish, crossing the line a whopping 20.741 seconds ahead of Norris. The victory kept the Dutchman in contention for a fifth consecutive world title, now sitting 42 points behind Norris with just two races left in the season. George Russell secured a strong third for Mercedes, while Oscar Piastri inherited fourth place after Andrea Kimi Antonelli in the other Mercedes got hit with a five-second time penalty, dropping him to fifth. LAS VEGAS, NEVADA – NOVEMBER 22: (L-R) Lando Norris, Max Verstappen, Gianpiero Lambiase and George Russell onstage after winning the F1 Las Vegas Grand Prix on November 22, 2025 in Las Vegas, Nevada. (Photo by David Becker – Formula 1/Formula 1 via Getty Images) Formula 1 via Getty Images With this result, Norris extended his lead over Piastri to 30 points and moved one step closer to his maiden championship title heading into the penultimate round in Qatar. Piastri is also in danger of losing his second-place position to Verstappen, as he sits only 12 points ahead of the Dutchman. Further down,…

Author: BitcoinEthereumNews

2025/11/23

Chainlink Pioneers Integration Between Blockchain and Traditional Finance

Chainlink Pioneers Integration Between Blockchain and Traditional Finance

The post Chainlink Pioneers Integration Between Blockchain and Traditional Finance appeared on BitcoinEthereumNews.com. Grayscale Research has spotlighted a major altcoin initiative, Chainlink, as a pivotal infrastructure component in the burgeoning tokenization arena. Their latest analysis underscores Chainlink’s pivotal function in seamlessly incorporating real-world data into blockchain ecosystems via its innovative oracle network. Continue Reading:Chainlink Pioneers Integration Between Blockchain and Traditional Finance Source: https://en.bitcoinhaber.net/chainlink-pioneers-integration-between-blockchain-and-traditional-finance

Author: BitcoinEthereumNews

2025/11/23

What's Next For the Crypto Market?

What's Next For the Crypto Market?

With AI stocks wobbling, the Fed divided, and fear spiking, the next big move won’t come from inside the market.

Author: Crypto Ticker

2025/11/23

What’s Happening In Crypto Today: BTC Retests $85k, ETH Consolidates Above $2.7k

What’s Happening In Crypto Today: BTC Retests $85k, ETH Consolidates Above $2.7k

The crypto landscape today is a bit of a mess. Established coins like Bitcoin (BTC) and Ethereum (ETH) are down and don’t seem to be able to stem the losses. In the last 24 hours, Bitcoin BTC $86,096.86 0.01% Bitcoin BTC Price $86,096.86 0.01% /24h Volume in 24h $35.96B Price 7d dropped to $83,540 before changing course and breaching the $84,000 level, and then finally retesting the $85,000 level, where it is trading at the moment. It is, however, still down by 11% on the weekly charts. Market Cap 24h 7d 30d 1y All Time For the most part, it seems like a weak job market, coupled with the dovish comments by New York Fed President John Williams, has encouraged buying at lower levels. $BTC break those two notable near term resistance marks, and we can see up to $93k… Mush bulls. pic.twitter.com/FmgW2ddn3i — Heisenberg (@Mr_Derivatives) November 23, 2025 Meanwhile, the Fed rate cut probability has jumped to more than 70% as opposed to nearly 40% just a few days ago, prompting traders to rotate into riskier assets such as crypto. (Source: FedWatch) However, a look at US BTC spot ETFs puts data into perspective. Per SoSoValue’s data, US BTC spot ETFs have lost more than $3 billion during the past month, with weekly outflows amounting to around $1.5 billion. The only bright side is that the daily inflow is still positive at $238 million, a drop in a bucket. (Source: SoSoValue) At the moment, BTC is trading below its 20-day and 50-day EMAs. For BTC to reverse its price action, it needs to recapture both these EMAs at $86,281 and $90,322 before it can retest its 100-day EMA at $95,075, which incidentally also forms the upper resistance level. (Source: TradingView) EXPLORE: Next 1000X Crypto – Here’s 10+ Crypto Tokens That Can Hit 1000x This Year ETH Crypto Consolidates Above $2.7k, Retests $2.8k Level Today Ethereum ETH $2,823.21 0.39% Ethereum ETH Price $2,823.21 0.39% /24h Volume in 24h $13.56B Price 7d has been experiencing difficulties over the past few days. For the longest time, it had managed to hold its own above the $3,100 level. Alas, it was not to be. Although ETH followed BTC during the broader market pullback, its decline was subdued and not as dramatic. Its price action took a decisive plunge and broke through the $3,000 support level before subsequently breaching more support zones, dropping to $2,680 before finally stabilizing above $2,700 level, where it had been consolidating since the last couple of days. Market Cap 24h 7d 30d 1y All Time For ETH to start ascending again, it must hold above $2,800. It is currently on its way to retest its 20-day EMA at $2,823. However, the critical level to capture is the 50-day EMA near $3,000, which is also the resistance level to beat. (Source: TradingView) Analysing on-chain data reveals heavy liquidation clusters surrounding its price action between $3,100 and $3,600, acting like major resistance zones. (Source: CoinGlass) At the same time, online sleuths think that now is a good time to get in on the action and buy the dip before the price flips again. Its Fusaka upgrade is slated for December, and with prices as low as they are, it might be good to go long. #ETH: Big potential. Buy the dip. Big upgrade coming (last one pumped price 50%). Correction is local, not expecting a big drop. $2600-$2700 possible bottom, otherwise trend breaks. Most weak hands are out. Good time to buy. Expecting new ATH, targeting $5K for profit taking. pic.twitter.com/zei8mEBCZu — Matt Wraith | AI & Dev (@MattWraithSOL) November 23, 2025 However, it all depends on ETH maintaining the $2,700 level. Sliding down from $2,700 will test lower support zones near $2,300-$2,400. EXPLORE: Top 20 Crypto to Buy in 2025 17 minutes ago Chainlink Core Infra For Tokenized Finance: Grayscale By Arijit Mukherjee Grayscale has chalked up Chainlink as indispensable for tokenized finance, arguing that its decentralized oracle network is unchallenged when it comes to connecting real-world data to blockchain systems.  According to Grayscale’s new research, with more and more traditional assets like stocks, bonds, and real estate moving to tokenization, reliable data feeds from Chainlink become even more important.  Grayscale research team members are suddenly retweeting @ChainLinkGod. Today they shared one of the best recent research papers on $LINK, basically calling it the best investment tied to the rise of tokenized finance. This is not random. The clock is currently running toward… pic.twitter.com/ZlpAEaI5dV — Moeskul (@Xmarine777) November 20, 2025 Chainlink has, over the years, slowly become a part of the plumbing for institutions such as SWIFT, DTCC, and ANZ Bank for proof‑of‑reserves, moving assets across chains, and automating settlements.  EXPLORE: The 12+ Hottest Crypto Presales to Buy Right Now  The post What’s Happening In Crypto Today: BTC Retests $85k, ETH Consolidates Above $2.7k appeared first on 99Bitcoins.

Author: Coinstats

2025/11/23

LINK Tests Oversold Levels at $12.12 as Chainlink Finds Support Near Bollinger Band Floor

LINK Tests Oversold Levels at $12.12 as Chainlink Finds Support Near Bollinger Band Floor

The post LINK Tests Oversold Levels at $12.12 as Chainlink Finds Support Near Bollinger Band Floor appeared on BitcoinEthereumNews.com. Rongchai Wang Nov 22, 2025 03:11 Chainlink trades at $12.12 after a 6.5% decline, with technical indicators showing oversold conditions as LINK price tests critical support levels in absence of major catalysts. Quick Take • LINK trading at $12.12 (down 6.5% in 24h) • Technical selling pressure dominates in absence of major news catalysts • Price testing lower Bollinger Band support at $12.03 • Bitcoin correlation remains strong as broader crypto market declines Market Events Driving Chainlink Price Movement Trading on technical factors in absence of major catalysts has defined LINK price action over the past 24 hours. No significant news events in the past 48 hours have emerged to drive fundamental shifts in Chainlink’s valuation, leaving technical analysis as the primary driver for short-term price movements. The 6.48% decline has pushed LINK price below multiple key moving averages, with the token now trading significantly below its 7-day SMA of $13.08 and continuing to distance itself from the 20-day SMA at $14.39. This technical breakdown has occurred alongside broader cryptocurrency market weakness, with Bitcoin’s decline providing additional downward pressure on altcoin valuations. Volume data from Binance spot trading shows $122.15 million in 24-hour turnover, indicating moderate institutional interest despite the price decline. This volume level suggests that while selling pressure exists, it hasn’t reached panic levels that typically characterize major capitulation events. LINK Technical Analysis: Oversold Territory Emerging Price Action Context LINK price currently sits well below all major moving averages, creating a clear bearish technical structure. The token trades 7.3% below the 7-day SMA and 15.8% below the 20-day SMA, indicating sustained selling pressure across multiple timeframes. The EMA 12 at $13.60 and EMA 26 at $14.90 both serve as near-term resistance levels that bulls must reclaim to shift momentum. The…

Author: BitcoinEthereumNews

2025/11/23

Grayscale Calls Chainlink ‘Essential Infrastructure’ for Tokenized Finance in New Research

Grayscale Calls Chainlink ‘Essential Infrastructure’ for Tokenized Finance in New Research

The post Grayscale Calls Chainlink ‘Essential Infrastructure’ for Tokenized Finance in New Research appeared on BitcoinEthereumNews.com. Grayscale is positioning Chainlink as critical infrastructure for the growing market of tokenized assets, according to a new research report. The asset manager’s research arm argues that Chainlink’s suite of services, spanning real-world data feeds, compliance tooling, and blockchain interoperability, solves many of the real-world frictions that block wider adoption of blockchain-based finance. Chainlink is best known for powering “oracles,” which feed off-chain data like asset prices to smart contracts. But its newer offerings go much further. The Cross-Chain Interoperability Protocol (CCIP), for instance, allows tokens and messages to move between chains, something that came into focus during a test with J.P. Morgan’s Kinexys and Ondo Finance. Grayscale sees Chainlink’s LINK token as offering diversified exposure to crypto’s infrastructure layer, per the report. “Chainlink is the critical connective tissue between crypto and traditional finance,” the report rsaid. “It can already be considered essential infrastructure in blockchain-based finance.” The report pegs the tokenization market at $35 billion today, still a fraction of the global asset base, but notes that Chainlink’s integration with firms like S&P Global and FTSE Russell puts it in a strong position as traditional markets explore on-chain solutions. Currently, Grayscale added, the total market for tokenized assets represents just 0.01% of the total value of global fixed income and equity securities. The growth of the tokenized assets market, the firm added, could “imply growth” in demand for Chainlink’s offerings. While still small relative to global capital markets, the firm expects the figure to grow as banks, asset managers, and data providers explore blockchain rails. It’s already grown from around $5 billion in early 2023 to its current figure. The report comes at a time when Grayscale has filed to convert its $29 million Chainlink Trust into an exchange-traded fund that would trade under the ticker GLNK on NYSE…

Author: BitcoinEthereumNews

2025/11/23

Chainlink Is ‘Essential Infrastructure’ for Tokenized Finance, Says Grayscale Research

Chainlink Is ‘Essential Infrastructure’ for Tokenized Finance, Says Grayscale Research

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Author: Coindesk

2025/11/23

What Tokenized Stocks Mean and How They Work

What Tokenized Stocks Mean and How They Work

The post What Tokenized Stocks Mean and How They Work appeared on BitcoinEthereumNews.com. Introduction Cryptocurrency market is relatively new and small when compared to stock markets. This drives many crypto traders to resort to shares trading. However, there are certain limitations, due to which stock trading does not suit everyone. For example, you can trade only for a few hours of the day. You need to purchase at least one full share, which may set you back financially if you are a small trader. Blockchain brings a practical solution to these problems. The solution is tokenized stocks. What Are Tokenized Stocks? Tokenized stocks are digital versions of regular stocks but differ in that these are issued on a digital ledger, or a blockchain. They bring convenience and flexibility to traders who can carry out trades anytime they want. Anyone can gain exposure to real-world equities without owning them actually. To trade tokenized stocks, there is no need any traditional stock exchange or brokerage account. Most of the tokenized stocks have 1:1 correlation with the actual stock they represent. This becomes possible because the developer of the tokenized version of the stock has actual shares in their custody. Nevertheless, in some cases, tokenized stocks may track prices in some other way such as using financial instruments or price feeds. Types of Tokenizes Stocks Asset-Based Tokens As is evident from the term itself, these tokens are actually backed by real shares in the custody of an institution. Such tokens trade on a price that constantly correlates with the market price of the share represented by the token. Licensed financial audit firms and external accounting companies perform regular audits to verify whether the tokens have real backing of the shares claimed by the developers. Synthetic Tokens These tokens do not have actual backing of the shares. Instead, they rely on derivatives, blockchain oracles or smart contracts.…

Author: BitcoinEthereumNews

2025/11/23

$500 Billion AI Debt Raises Concerns Among Investors

$500 Billion AI Debt Raises Concerns Among Investors

TLDR: Tech companies hold $500B in off-balance-sheet AI debt, raising investor scrutiny. Insurance and pension funds invested $450B in AI loans earning 9% interest. Oracle’s bankruptcy insurance spiked 67 basis points in two months amid hidden obligations. UBS data shows $125B added quarterly in undisclosed tech debt commitments. Tech companies are accumulating $500 billion in [...] The post $500 Billion AI Debt Raises Concerns Among Investors appeared first on Blockonomi.

Author: Blockonomi

2025/11/23

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