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Link Price Gains Momentum on Increasing Whale Accumulation

Link Attracting Whales Amid Robust Buy-In The entire cryptocurrency market is now in a fresh wave of bullish trend as Bitcoin and Ethereum made impressive gains during the past 24 hours. The positive performance of the two largest cryptocurrencies has spilled into altcoin space, with several altcoins gaining significant value. In that regard, Chainlink’s LINK has emerged as a focus of traders after the token registered a robust uptrend during the last day. LINK has gained above 8%, taking the coin’s value close to $10.65. The uptrend comes at a time when LINK had been trading with weak momentum and lack of direction. The uptrend is being backed by whales. Market trends suggest that there has been continued accumulation of LINK by whales rather than one-off very large transactions. Such an accumulation can prove very important as buying pressure on LINK can play an essential role in supporting the token. Unlike other transactions, LINK buying activities indicate that there have been gra...
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GnosisDAO Votes to Integrate Gnosis Chain into Ethereum Economic Zone

GnosisDAO has voted to approve a major upgrade for Gnosis Chain: the network will transition from operating as a standalone layer-1 to becoming a ZK-proven “Ethereum Economic Zone” (EEZ) rollup aligned with Ethereum. The decision is intended to move Gnosis Chain’s transaction settlement to Ethereum while still running its smart contracts in an environment designed to improve how users and applications interact with Ethereum-native liquidity and assets. In the governance vote, Gnosis Chain reported that GIP-153 passed with 123,158 GNO in support, 115 against, and 151 abstaining across 54 voters. The proposal’s turnout totaled 123,425 GNO, surpassing the 75,000 GNO quorum requirement. Gnosis Chain now says an initial launch is targeted for late 2026 or early 2027, contingent on the EEZ technology being ready. Key takeaways GnosisDAO approved GIP-153 to transition Gnosis Chain from layer-1 to an EEZ rollup that settles transactions on Ethereum. The vote cleared the 75,000 GNO quorum w...
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Nexo Starts Regulated Crypto-Backed Loans in Australia

Nexo has begun offering regulated, crypto-backed credit lines to eligible customers in Australia, positioning the service as a way to access liquidity without selling digital assets. The company said the rollout follows its registration as a credit representative under Australia’s National Consumer Credit Protection Act. In an announcement shared with Cointelegraph on Tuesday, Nexo described credit lines that let borrowers take Australian dollars or stablecoins, while posting cryptocurrency collateral. The firm said payouts are typically available within 24 hours and that the products come with flexible repayment structures, no fixed term, and no origination fees. Key takeaways Nexo Australia launched crypto-backed credit lines after becoming a credit representative under Australia’s National Consumer Credit Protection Act. Eligible customers can borrow either Australian dollars or stablecoins using cryptocurrency collateral, avoiding asset sales. Availability is generally within...
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HYPE Rallies 20% After Trump Signals Legal U.S. Route for Hyperliquid

Hyperliquid’s native token, HYPE, jumped sharply after President Donald Trump said U.S. regulators are working on a “compliant and legal” pathway that could allow the decentralized trading platform to serve American users. The move highlighted how much market participants are willing to reprice crypto assets on the prospect of clearer access to the United States—despite the absence of concrete implementation details. HYPE traded near $62 shortly before Trump’s remarks, then rose as much as 16% to a 24-hour high of $72.28, according to CoinGecko data. The token later settled around $70, up roughly 20% on the day, with 24-hour trading volume reaching about $1.4 billion. Key takeaways HYPE surged more than 20% over 24 hours following Trump remarks about a compliant U.S. pathway for Hyperliquid. Price action likely reflected expectations of future U.S. access, which could change how HYPE is perceived and valued. Hyperliquid Strategies (Nasdaq: PURR) spiked alongside the token, but th...
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Gallego Warns Fast CLARITY Act Vote Without White House Input Could Delay

Senator Ruben Gallego has urged U.S. lawmakers to slow down the push to put the CLARITY Act on the Senate floor, warning that moving too quickly—before remaining disputes over ethics and stablecoin yield are resolved—could derail the bill’s chances of ultimately clearing Congress. Speaking at the SALT Wyoming Blockchain Symposium on Wednesday, Gallego said the industry should encourage continued negotiations among Senate Democrats and Republicans rather than forcing an immediate vote. He also pointed to unresolved procedural work needed to package the measure—including committee handling and logistics for sending it to the House. Key takeaways Sen. Ruben Gallego warned that a “fast vote” on the CLARITY Act could produce an outcome that lawmakers do not want, potentially setting the legislation back. He said Democratic support depends on establishing “sufficiently strong” ethics restrictions, and that the White House has not provided a detailed response to compromise language. The...
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Gallego Warns Rushed CLARITY Act Vote May Delay Key Legislation

Sen. Ruben Gallego has warned that pushing the proposed CLARITY Act toward an early Senate vote before lawmakers finalize unresolved ethics and stablecoin-yield issues could derail U.S. crypto legislation rather than accelerate it. Speaking at the SALT Wyoming Blockchain Symposium on Wednesday, Gallego said Congress still needs to complete several procedural steps that could determine whether the bill can actually clear the Senate. His remarks add friction to the Trump administration’s push for faster movement on the legislation, even as Senate leaders have previously signaled they intend to wait until after the August congressional recess. Gallego’s core message was that timing without agreement may produce an outcome lawmakers “don’t want,” potentially forcing the bill to be restarted later with weaker momentum. Key takeaways Sen. Ruben Gallego urged lawmakers to avoid a “fast vote” on the CLARITY Act until disputes—particularly around ethics and stablecoin yield—are resolved. Ga...
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Centrifuge Integrates Symbiotic Liquidity, Expands $1.6B in Janus Funds

Centrifuge has expanded its tokenized-fund liquidity options by integrating Symbiotic’s Liquid Lane into three of its funds, enabling eligible holders to exchange fund positions for USDC through an onchain request-for-quote (RFQ) process. The integration applies to Janus Henderson’s JAAA (an AAA-rated collateralized loan obligation strategy), JTRSY (a short-duration US Treasury strategy), and New York Life Investment Management’s HYB (a US high-yield corporate bond strategy). Together, these tokenized funds represent about $1.6 billion in assets under management, according to the announcement. Key takeaways Centrifuge is adding Symbiotic’s Liquid Lane as an additional USDC redemption route for three tokenized funds, spanning loans, Treasuries, and high-yield credit. Liquid Lane uses an RFQ marketplace where market makers can pull liquidity from vaults to fill redemption requests. The structure is designed to let investors receive USDC immediately, while the funds’ standard redemp...
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