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Chainlink (LINK) Price Surges to 2-Year High with More Gains in Sight
In the last seven days, the price of Chainlink (LINK) has climbed by 36.55%, bringing the token’s value to its highest level since January 2022. This increase coincides with a broader altcoin rally that has seen many cryptos erase a big bunch of the losses accrued over the last few months. But that is not all. Based on this analysis, LINK may not be done with the upswing, with indicators suggesting a higher value in the coming weeks. Chainlink Bearish Sentiment Is Not Entirely Bad News The recent Chainlink price rally has ensured that the altcoin now trades at $25....
Crypto Surpasses Stocks in South Korean Trading as Investors Seek Risk Exposure
Following a brief martial law stint by President Yoon, South Koreans increasingly turned to cryptocurrencies over traditional stocks. Between November 5 and 28, daily crypto trading volumes averaged US$9.4 billion, surpassing the Kospi’s US$7 billion. Political instability may further influence market dynamics, with significant impact potential on heavily traded cryptocurrencies like XRP in South Korea. The chaos for financial markets following the brief declaration of martial law in South Korea was short-lived, it seems. Not only that, but it appears South Koreans are flocking to crypto. This follows surprise events on Tuesday when President Yoon Suk Yeol unexpectedly declared martial...
Donald Trump’s Crypto Czar David Sacks to Tackle Operation Choke Point 2.0
Donald Trump pledged to end the alleged Operation Choke Point 2.0 if re-elected. Central to this effort is David Sacks, one of the primary appointees serving as “crypto czar” in Trump’s pro-crypto push. In a recent post on X (Twitter), Sacks vowed to investigate and reverse policies seen as undermining the cryptocurrency sector. This move aligns with Trump’s commitment to ensuring fair banking practices for digital asset companies. David Sacks to Tackle Targeted Suppression against Banks Operation Choke Point 2.0 refers to an alleged US government strategy to curtail cryptocurrency activity by leveraging banking regulations. The initiative came into focus...
