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Chainlink has created a long-term LINK Reserve to lock in enterprise and on-chain revenue in the token. Hence, the demand for the token is now connected to real-world use. Chainlink Reserve Launch Boosts LINK Token Utility Model According to the official announcement, the Chainlink Reserve is a new on-chain pool of LINK tokens. It is
The post Breaking: Chainlink Launches LINK Token Reserve, Price Up 8% appeared first on CoinGape.
China is gearing up to challenge the United States’ dominance in the global crypto and tech landscape, with rapid advancements in artificial intelligence. Chinese Premier Li Qiang is calling for global cooperation on AI, suggesting a new organization to coordinate development and security efforts. This move is part of China’s pushback against U.S. attempts to
The post China Aims to Bridge AI Gap, Challenges US Lead in Crypto and Beyond appeared first on CoinGape.
The Solana-based memecoin MELANIA, named after US First Lady Melania Trump, is under growing scrutiny after a series of large token sales linked to the project’s team.
On May 3, blockchain researcher EmberCN revealed that project-linked wallets offloaded nearly 10 million MELANIA tokens in just eight days.
These sales amounted to nearly $4.6 million, raising strong concerns over the project’s long-term viability and team motives.
According to EmberCN, the sales followed a Dollar-Cost Averaging (DCA) strategy alongside unilateral liquidity provision. These techniques allowed the project to reduce price impact while quietly exiting large positions.
Notably, this is not the first time the project has utilized this approach. In April, the same wallets sold 3 million tokens in exchange for about 9,009 SOL—roughly $1.2 million at the time—employing a similar liquidation approach.
Meanwhile, these selling activities have been ongoing for a long time. Since mid-March, the wallets have quietly liquidated around 41.67 million MELANIA tokens for around 170,000 SOL, worth approximately $23 million.
EmberCN pointed out that most of these proceeds appear to have been converted to USDC and withdrawn. This suggests an ongoing effort by the project’s team to exit their significant positions in the token.
The repeated and large-scale token sales by wallets tied to the project have fueled suspicions among holders.
Many now question whether the meme coin was ever designed for long-term utility or merely crafted to capitalize on the name recognition of the US first lady.
MELANIA launched in January 2025 amid media buzz, spurred by its branding and the timing of President Donald Trump’s inauguration. However, that early momentum has rapidly faded amid a broader market lull that significantly impacted meme coins.
According to BeInCrypto data, the token trades at roughly $0.38, down more than 6% over the past day and 31% in the last seven days.
More notably, MELANIA has plunged approximately 97% from its January 20 peak of $13.70.
The post MELANIA Meme Coin Wallets Dump $4.6 Million Worth of Tokens as Price Slides appeared first on BeInCrypto.
Bitwise just filed for a NEAR ETF, the first such application in the United States. In the last few weeks, the firm has attempted to create several new altcoin ETF products based on DOGE, APT, and others.
NEAR itself has been comparatively quiet in 2025, but this application could attract increased interest in the project.
There is currently a flood of pending ETF applications in the US, and Bitwise is spearheading several of them. In addition to more mainstream ideas like an XRP ETF or a combined BTC/ETH product, it also has a few offbeat initiatives.
Today, Bitwise added one more proposal to this eclectic mix, filing to create an ETF based on NEAR.
Presently, the filing is very barebones, and the public has little information. If Bitwise or the SEC posts the full application in the future, that could help clear up a few questions.
For now, it may be safe to assume that the NEAR ETF resembles Bitwise’s other recent altcoin efforts.
NEAR is a Proof-of-Stake L1 blockchain optimized for dApp development. Launched in late 2020, it splits blockchains into sub-chains with independent validators to increase transaction processing efficiency.
The altcoin saw heightened interest at the tail end of last year but has had a relatively smaller presence throughout 2025.
Now that Bitwise wants to create a NEAR ETF, that might attract some attention. The asset’s price has been on the upswing; after a slump in mid-April, it increased over 25% in the last two weeks.
Obviously, these gains have nothing to do with Bitwise’s filing, but the ETF effort might help build forward momentum.
Bitwise’s current plan involves several other “first of its kind” ETFs, and a NEAR product might face a crowded market if approved. As the number of altcoin ETFs increases, the law of diminishing returns could have a negative impact.
The post Bitwise Continues Altcoin ETF Efforts with NEAR Filing appeared first on BeInCrypto.