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Why Chainlink Surged (Then Plunged) Today
Yahoo Finance· 2025-12-15 23:05
Core Viewpoint - Chainlink, a key oracle provider for blockchain networks, is expected to benefit from the growing focus on infrastructure for innovations like AI and blockchain technology, but recent market conditions have led to a decline in its value despite initial gains [1][5]. Group 1: Market Performance - Chainlink experienced a decline of 4.6% within 24 hours, with losses accelerating throughout the day after an initial surge of 3.3% earlier in the morning [2][4]. - The initial rise in Chainlink's price was attributed to an announcement regarding Coinbase's plans to utilize Chainlink's Cross-Chain Interoperability Protocol (CCIP) for a $7 billion crypto bridge [4]. Group 2: Market Drivers - The cryptocurrency sector's potential for greater interoperability is seen as a significant catalyst for market growth, positioning Chainlink as a solid long-term investment opportunity [5]. - However, macroeconomic concerns, particularly related to the Bank of Japan's interest rate hike, have raised fears about the stability of the financial system, potentially leading to reduced capital flow into the crypto sector [6].
X @BNB Chain
BNB Chain· 2025-12-15 16:00
Great to see real-world adoption in action with @allscaleio enabling freelancer payments on BNB Chain! 👏Note: This post is for informational purposes only and not financial advice. DYOR.https://t.co/Tv8IK7QW1XAllScale (@allscaleio):500+ African freelancers from @skill_afrika_ are now getting paid through AllScale on @BNBCHAINDays of waiting → MinutesHigh fees → Near zeroBlocked transfers → Instant dollar accountThis is the future of global work 🌍Read more:https://t.co/ZnttSviUj8 ...
Opendoor Names President and CFO to Accelerate Next Chapter
Globenewswire· 2025-12-15 12:00
Core Insights - Opendoor Technologies Inc. has appointed Lucas Matheson as President and Christy Schwartz as CFO to drive the company's growth [1][4][5] - Matheson, previously CEO of Coinbase Canada, will focus on Corporate Development and exploring blockchain technology for homeownership [2][3] - Schwartz, who has been interim CFO, was chosen for her deep understanding of the business after a thorough external search [4][5] Executive Appointments - Lucas Matheson will officially join as President on December 22, 2025, bringing experience from Coinbase Canada and Shopify [2] - Christy Schwartz will take on the role of CFO effective January 1, 2026, having served as interim CFO [4] Strategic Focus - Matheson will oversee initiatives related to financial planning and the potential integration of blockchain technology in real estate [3] - The company aims to innovate in the real estate sector, which has seen limited financial innovation compared to other asset classes [4] Leadership Continuity - Shrisha Radhakrishna, who served as interim President, will continue as Chief Technology and Product Officer [5][6] - The leadership team is designed for speed, clarity, and impact, emphasizing the urgency of improving homeownership [6] Company Mission - Opendoor's mission is to simplify the process of buying and selling homes, aiming to support homeowners and aspiring homeowners [7]
X @The Wall Street Journal
The Wall Street Journal· 2025-12-15 10:35
Exclusive: JPMorgan Chase is joining the list of traditional financial firms seeking to bring blockchain technology to an investing staple: the money-market fund. ...
Vanguard Exec Calls Bitcoin a 'Digital Labubu', Even as Firm Offers Crypto ETF Trading
Yahoo Finance· 2025-12-12 21:59
Core Viewpoint - Vanguard's senior executive compares Bitcoin to a speculative toy, highlighting skepticism towards digital assets despite the firm's recent move to allow trading of crypto-linked ETFs [1][2]. Group 1: Vanguard's Position on Bitcoin - John Ameriks, Vanguard's global head of quantitative equity, states that Bitcoin lacks the cash flow and compounding characteristics desired for long-term investments [2][5]. - Ameriks refers to Bitcoin as a "digital Labubu," indicating its perceived lack of economic value and likening it to speculative collectibles [3][4]. - The firm has recently begun permitting clients to trade crypto-focused ETFs and mutual funds, marking a significant shift in its stance towards digital assets [5][6]. Group 2: Market Context and Volatility - Bitcoin has experienced significant price volatility, recently trading near $90,000 after peaking above $126,000 in October, representing a decline of approximately 28.6% [5]. - The decision to allow trading of crypto assets follows the establishment of track records for spot Bitcoin ETFs launched in January 2024 [6]. Group 3: Future Outlook on Bitcoin - Ameriks acknowledges that Bitcoin could demonstrate value in specific scenarios, such as high inflation or political instability, but emphasizes that its historical performance is too short to support a solid investment thesis [7][8].
X @BNB Chain
BNB Chain· 2025-12-12 21:00
Which project on BNB Chain is quietly building something big? 👀 ...
Circle Receives Conditional Approval from OCC for National Trust Charter
Businesswire· 2025-12-12 16:23
Core Insights - Circle Internet Group, Inc. has received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish a national trust bank named First National Digital Currency Bank, N.A. This approval is a significant step in enhancing the infrastructure for USDC, the largest regulated stablecoin globally, and aligns with the requirements of the GENIUS Act, which became law in July 2025 [1][2] Group 1: Regulatory Approval and Compliance - The conditional approval from the OCC allows Circle to operate as a federally regulated trust bank, which will oversee the management of the USDC Reserve [1] - Circle's commitment to high standards of trust and compliance is emphasized by its establishment of a national digital currency trust bank, enhancing safety and regulatory oversight for USDC [2] - Circle has a history of pursuing regulatory pathways, including being the first to receive a BitLicense in 2015 and complying with the EU's MiCA framework in 2024 [3] Group 2: Business Operations and Services - The First National Digital Currency Bank will enable Circle to offer fiduciary digital asset custody and related services to institutional customers, further aligning U.S. operations with global regulatory standards [2] - Circle's platform includes the USDC stablecoin network, Circle Payments Network for global transactions, and Arc, an enterprise-grade blockchain aimed at becoming the Economic OS for the internet [4] - Circle has obtained various regulatory licenses across multiple jurisdictions, including the UK, Singapore, Bermuda, and Abu Dhabi, demonstrating its global operational reach [3]