Kategorie: Crypto News

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Chainlink price analysis as exchanges see net outflows of 3.8M LINK

  • Chainlink has seen exchange outflows of 3.86 million LINK since June 20.
  • LINK trades above $13, up 12% this past week after a recent Mastercard partnership.
  • Price targets for bulls include a potential rally to $25–$30, while bears may eye lows of $10.

Chainlink (LINK) price is up 12% in the past week as it changes hands near $13, with significant token outflows from exchanges recorded in the last ten days.

Moreover, LINK looks to continue higher after a recent high-profile partnership with Mastercard, which catalyzed gains for the token.

Despite potential profit-taking, LINK’s strength sees bulls hover near a major supply wall.

Chainlink sees 3.86 million LINK go off exchanges

According to data from analytics platform Sentora, formerly IntoTheBlock, Chainlink has experienced a consistent net outflow of tokens from centralized exchanges (CEX) since June 20, 2025.

Notably, approximately 3.86 million LINK tokens, valued at roughly $51.26 million, have been withdrawn from exchanges.

This trend typically indicates that investors are moving their holdings to private wallets.

In short, it signals long-term accumulation as opposed to potential selling pressure, with reduced exchange balances often seeing a supply squeeze that investors often allude to prices going higher.

As noted above, the exchange outflows align with growing optimism around Chainlink’s role in the crypto space.

In particular, its technology is increasingly bridging traditional finance (TradFi) and decentralized finance (DeFi), exemplified by the mega collaboration with Mastercard.

LINK price analysis

Chainlink’s price is trading at around $13.31, down 1.3% in the past 24 hours but up nearly 12% over the last week, reflecting strong weekly performance.

Despite the slight daily dip, LINK remains above the critical $13 support level.

It shows resilience amid mixed market conditions, a scenario that points to a potential bullish breakout.

The recent Mastercard partnership, announced on June 24, 2025, has fueled market enthusiasm.

Plans are to enable over 3 billion cardholders to purchase crypto on-chain via the Swapper Finance platform.

Observers and industry experts say this integration, powered by Chainlink’s interoperability infrastructure, could drive a surge in open interest.

The metric is up 0.4% to $547 million, with derivatives volume rising 51% to $607 million.

If buyers can push LINK above the immediate resistance zone around $14, the token could target the $25–$30 range.

The area marks a significant psychological and technical hurdle, above which they could target the 2021 peak of $52.

However, failure to hold above $13 could see bears take control. In this case, the key support levels would be at $10.

But a drop below this level might embolden sellers, potentially bringing the demand reload zone of $5 into play.

The post Chainlink price analysis as exchanges see net outflows of 3.8M LINK appeared first on CoinJournal.

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Wintermute secures Bitcoin-backed credit line from Cantor Fitzgerald

  • Wintermute gets Bitcoin (BTC) credit line from Cantor Fitzgerald.
  • The credit line will enhance Wintermute’s capital-heavy OTC crypto trading operations.
  • The deal signals a cautious return of institutional crypto lending.

Crypto market maker Wintermute has secured a Bitcoin-backed credit facility from Cantor Fitzgerald in a move that signals growing confidence in the revival of institutional crypto lending.

The agreement is part of Cantor Fitzgerald’s newly launched $2 billion Bitcoin Financing Business, which seeks to provide secured credit lines to digital asset firms that play critical roles in market infrastructure.

Wintermute, known for its role in digital asset market making and over-the-counter (OTC) crypto trading, did not disclose the exact size of the facility.

However, its CEO, Evgeny Gaevoy, emphasised that the credit line is key to supporting the firm’s capital-intensive operations.

The credit facility will enhance Wintermute’s OTC trading

Wintermute’s operations demand significant capital due to the nature of OTC trading and digital asset settlement, where large volumes are traded across multiple exchanges in real time.

Gaevoy noted that the facility will enhance the firm’s ability to hedge risk across trading venues, maintain uninterrupted market presence, and react quickly to volatile price shifts.

He explained that this kind of financing helps the firm preserve liquidity while continuing to provide pricing and execution services for institutional clients around the clock.

The arrangement marks a clear vote of confidence from Cantor Fitzgerald, a Wall Street powerhouse that has only recently begun expanding its reach into crypto.

The broader context of the deal is a cautious yet unmistakable revival of institutional interest in crypto lending.

Crypto finance firms and private banks are beginning to return to the lending space, but with stricter risk management and more established collateral practices.

Notably, Blockstream recently raised billions to support its crypto lending funds, while Xapo Bank started offering Bitcoin-backed loans of up to $1 million as of March.

According to Galaxy Research, the crypto lending market had surged to $36.5 billion by the end of 2024, more than double its Q3 2023 low, although still far from its 2021 peak of $64.4 billion.

This recovery points to a maturing market where institutional participants are demanding higher levels of security and regulatory alignment.

Cantor Signals comeback to crypto lending

Launched in mid-2024, Cantor’s $2 billion Bitcoin Financing Business is positioning itself as a regulated alternative to the high-risk lending models that collapsed in recent years.

This program has already extended support to Maple Finance and FalconX, with the latter planning to draw over $100 million from its facility, according to information from Bloomberg.

Wintermute’s inclusion among the early recipients of Cantor’s credit lines places it in a select group of firms seen as strategically important to crypto markets.

Unlike the largely unregulated and opaque structures that led to the fall of firms like Celsius Network and BlockFi in 2022, Cantor’s model emphasises secured and transparent lending.

Wintermute is eyeing US growth with institutional backing

Wintermute’s new credit facility is expected to strengthen its growing presence in the United States, where the regulatory environment has become more favourable for digital assets.

With the introduction of spot Bitcoin ETFs and increased clarity around crypto trading rules, institutional activity in US markets is on the rise again.

Gaevoy indicated that the company views this as an ideal time to expand its reach in North America, capitalising on renewed investor appetite and evolving regulatory frameworks.

The partnership with Cantor Fitzgerald may also offer a credibility boost, especially as regulators and financial institutions look for trustworthy actors in the space.

With the backing of a major Wall Street firm like Cantor Fitzgerald, Wintermute is now better positioned to navigate the volatility of crypto markets while providing critical infrastructure for trading and settlement.

The post Wintermute secures Bitcoin-backed credit line from Cantor Fitzgerald appeared first on CoinJournal.

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Bitcoin rises above $107K as Trump’s fiscal policy comments boost hard assets

  • Bitcoin traded above $107K Sunday as focus turned to U.S. fiscal policy and Trump’s “Big Beautiful Bill.”
  • Trump urged “cost cutting Republicans” not to “go too crazy,” promising growth will “make it all up.”
  • Expectations of sustained deficits and loose fiscal policy are bolstering the bull case for hard assets like BTC and gold.

Bitcoin traded steadily above the $107,000 mark on Sunday, with market attention increasingly focused on fiscal policy tensions brewing in Washington.

A recent social media post from President Donald Trump, aimed at quelling dissent within his own party over a massive tax-and-spending package, has inadvertently bolstered the bullish case for assets like Bitcoin and gold, which are often seen as hedges against fiscal profligacy.

The latest market movements come as Bitcoin was changing hands at $107,937 as of 22:22 UTC on Sunday, up 0.54% over the past 24 hours.

Price action remained volatile, with the cryptocurrency fluctuating between $107,194 and $108,489 during that window, according to CoinDesk Research’s technical analysis model.

The focus shifted to US fiscal policy following a pointed message from President Trump on his Truth Social platform on June 29, 2025.

Addressing Republican lawmakers amid a fierce internal debate over his sweeping legislative package, Trump wrote:

For all cost cutting Republicans, of which I am one, REMEMBER, you still have to get reelected. Don’t go too crazy! We will make it all up, times 10, with GROWTH, more than ever before.

This statement lays bare the deep divisions within the Republican party as it struggles to unify behind the ambitious legislation, which has been dubbed the “One Big Beautiful Bill.”

The bill itself, exceeding 900 pages, is a complex mix of fiscal measures.

It combines approximately $3.8 trillion in tax cuts with targeted spending reductions and increased funding for defense and border security.

A key component is the aim to make permanent many of the tax breaks from Trump’s 2017 Tax Cuts and Jobs Act, including the elimination of taxes on tips, overtime pay, and certain auto loans.

The child tax credit would also rise to $2,200 under the Senate version, while deductions for seniors would be temporarily increased.

To offset the cost of these tax cuts, however, Republicans have proposed significant cuts to Medicaid and nutrition programs, a move that has sparked intense debate within the party.

Navigating a political tightrope

The path to passing the bill is fraught with political challenges.

Moderate Republicans, particularly those from high-tax states, are pushing for a higher cap on state and local tax (SALT) deductions.

In contrast, conservative factions are demanding deeper and more extensive spending cuts, with a particular focus on Medicaid.

These internal disagreements are complicating efforts to secure the narrow Republican majorities needed in both the House and the Senate to pass the legislation, which faces uniform opposition from Democrats, who argue it disproportionately favors the wealthy and will worsen economic inequality.

President Trump’s social media message appears to be an attempt to walk this political tightrope.

He is urging a degree of fiscal restraint to appease conservatives while simultaneously emphasizing a supply-side economic argument: that robust economic growth will ultimately compensate for near-term revenue losses and help reduce deficits over time.

This “growth will make it all up” approach comes as nonpartisan analysts estimate the bill could add trillions of dollars to the already substantial $36.2 trillion national debt.

A bullish signal for Bitcoin and gold?

This fiscal backdrop is being closely watched by market participants, with some interpreting it as a strong signal for holding hard assets.

Crypto analyst Will Clemente’s reaction on the social media platform X (formerly Twitter), posted shortly after Trump’s message, captured a common sentiment among those skeptical of current fiscal policies:

How can you read this and hold long term US treasuries at current yields lol… Also, how can you read this and not hold any Bitcoin or gold.

Clemente’s skepticism towards long-term US Treasuries reflects a growing concern that the bill’s deficit-financed tax cuts and relatively modest spending reductions signal a loose fiscal policy that could fuel inflation and devalue the currency over time.

In such a scenario, traditional fixed-income assets like Treasuries can become less attractive, as rising deficits and potential monetary accommodation (to finance the debt) threaten to erode the value of both principal and interest payments.

Conversely, hard assets with limited supply, such as gold and Bitcoin, are increasingly viewed as reliable stores of value and effective hedges against inflation and fiscal irresponsibility.

The expectation of sustained, large deficits and the clear political challenges to implementing meaningful fiscal discipline are bolstering the demand for these inflation-resistant assets.

As the Senate races to finalize the bill before the July 4 holiday, the ongoing negotiations and the ultimate fate of this consequential fiscal package will continue to be a key driver of market sentiment.

The post Bitcoin rises above $107K as Trump’s fiscal policy comments boost hard assets appeared first on CoinJournal.

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TRON price forecast as USDT supply surpasses $80 billion

  • USDT supply on TRON has surpassed $80 billion, accounting for over 50% of circulating USDT.
  • TRX price is currently at $0.27, but could rise to $0.44 in the short term amid bullish momentum. 
  • ETFs, partnerships, and network growth are likely catalysts for TRON price.

TRON (TRX) price is down on the day, but the blockchain project is making headlines elsewhere as the supply of Tether’s USDT on its blockchain has surpassed $80 billion.

The native Tron token TRX traded at $0.27 on Friday, June 27, with CoinMarketCap showing the price was down under 1%. Intraday highs for the altcoin range around $0.29, and TRON remains in the top 10 by market cap.

However, the question might be, what does the USDT milestone mean for TRON’s price?

USDT supply on TRON hits $80 billion

As the crypto market eyes gains and stablecoin adoption grows, Glassnode has shared details that reveal a dramatic rise in Tether (USDT) supply on the TRON network.

Notably, the Tether-issued US dollar-pegged token has surpassed the $80 billion supply mark as of mid-2025.

This marks a significant leap from earlier years, with the supply growing steadily from negligible amounts in 2020 to over $60 billion by 2024, before accelerating sharply into 2025. As seen in the chart by Glassnode, there’s a steep upward trajectory, reflecting TRON’s increasing role in facilitating stablecoin transactions.

USDT in circulation currently sits at around $157.4 billion. With more than half of the total circulating USDT at $80 billion is dominance that solidifies TRON’s position as a preferred blockchain for stablecoin settlements, outpacing competitors like Ethereum.

The network’s efficiency and low transaction costs have likely driven this adoption, with institutional and remittance use cases further fueling demand.

May 2025 saw a record $684 billion in transfer volume, while 283 million USDT transfers this year highlight explosive user adoption.

TRON price prediction

Currently priced at $0.27 with a 24-hour trading volume of $407 million, TRON has shown resilience.

While price has recently dipped from highs of $0.29, bulls have held above the key support level of $0.20 since early January.

The surge in USDT supply is a bullish signal, as it boosts network usage and attracts more users to TRON’s ecosystem, including DeFi and payment applications.

Looking at the price outlook, several catalysts could drive TRX’s price higher.

The potential launch of TRON-based exchange-traded funds (ETFs) could attract institutional investment, mirroring trends seen with Bitcoin and Ethereum.

Additionally, strategic partnerships—such as collaborations with major financial institutions or further integration with Tether- might prove huge for TRX.

Recently, it was announced that Tron is eyeing a public listing via a reverse merger. The deal, which reportedly eyes an IPO with Nasdaq-listed SRM Entertainment, will transform TRON into a treasury company.

Short-term, TRX might test resistance around $0.30. A breakout above $0.30 will allow bulls to target December 2024 highs above $0.44, which formed TRX’s all-time high. Long term, TRON price will eye a rally to $1.

The post TRON price forecast as USDT supply surpasses $80 billion appeared first on CoinJournal.