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Chainlink Price Surges Past $21, Can LINK Hit $26?

Monicah W

Chainlink Price

The post Chainlink Price Surges Past $21, Can LINK Hit $26? appeared first on Coinpedia Fintech News

Chainlink has grabbed the market’s attention by making it to the top gainers list after surging 13.83% in the last 24 hours. This, while maintaining a 32.25% gain over the past week. LINK’s rally has been fueled by both strong technical signals and on-chain catalysts. Central to this bullish momentum is the launch of Chainlink’s new reserve mechanism. This was alongside significant whale and institutional inflows that could redefine its mid-term trajectory.

Why Is LINK’s Price Up Today?

The Chainlink Reserve, launched on August 7th, has already locked over $1 million worth of protocol revenue into LINK. This mechanism creates a deflationary loop that holds the potential to sustain price strength over time.

On the other hand, whale wallets holding 100k–1M LINK expanded their balances by 4.2% in early August, adding 4.55 million LINK worth ~$97 million. Meanwhile, derivatives open interest rose 27% and trading volume spiked 271% to $2.7 billion, signaling strong positioning without excessive leverage risks.

Chainlink Price Analysis:

Chainlink price is now at $21.41, with a $14.52 billion market cap and $1.33 billion in daily trading volume. LINK’s breakout above the $21 psychological barrier marks a confirmed shift in market structure. After hitting a daily high of $21.24 and a low of $18.78, the asset now sits above multiple strong support levels. 

LINK price 9-8-25

LINK’s price action has decisively cleared the 200-day EMA at $17.02 and broken the long-standing descending resistance at $18.40. The RSI at 65.56 shows healthy momentum without slipping into overbought territory, while MACD confirms a bullish crossover.

That being said, the immediate upside targets are $21.89 and $23.99, which is the June high. A sustained push could open the door to the $26.20 resistance zone. Contrarily, the LINK price could plummet to the lows of $19.51, followed by $17.64. That being said, deeper correction could take the price to $15.83.

FAQs

Why is Chainlink price surging?

The launch of the Chainlink Reserve, which locks protocol revenue into LINK, combined with whale buying and a major technical breakout above key resistance, has fueled the price surge.

Where is Chainlink price heading next?

While the supports are at $19.51, $17.64, $15.83, resistances are at $21.89, $23.99, and $26.20

What is the price of 1 LINK token?

The price of 1 LINK token at the time of press is $21.41.

The post Chainlink Price Surges Past $21, Can LINK Hit $26? appeared first on Coinpedia Fintech News
Chainlink has grabbed the market’s attention by making it to the top gainers list after surging 13.83% in the last 24 hours. This, while maintaining a 32.25% gain over the past week. LINK’s rally has been fueled by both strong technical signals and on-chain catalysts. Central to this bullish momentum is the launch of Chainlink’s …

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Ethereum Breaks $4,000: Altcoin Season to Come?

Monicah W

Ethereum’s native asset crossed the $4,000 level for the first time in eight months, reaching an intraday high of $4,055. This key psychological milestone brings the cryptocurrency within approximately $900 of its all-time high of $4,867, set in November 2021.

Institutions and ETFs Fuel Price Surge

ETH has seen a significant rally, climbing over 44.5% in the last month. The asset is up 7.9% over the past week and 2.6% during the previous 24 hours. Since April 21, ETH has gained roughly 90% against Bitcoin.

There seem to be two main factors that fueled the recent rally: a surge in institutional accumulation and robust inflows into spot Ethereum ETFs.

A growing number of companies have been aggressively acquiring billions of dollars worth of ETH. BitMine leads the charge with over 833,000 ETH ($3.3 billion), followed by SharpLink with nearly 522,000 ETH ($2.1 billion). Standard Chartered’s Geoffrey Kendrick suggests that these firms are “just getting started” and could eventually hold up to 10% of all ETH.

US spot Ethereum ETFs have seen substantial net inflows, even surpassing their Bitcoin ETF counterparts in recent weeks. These products have attracted nearly $5 billion in the last month alone. They contributed significantly to the total net inflow of $9.4 billion since they began trading in July 2024.

The market observer Cas Abbé highlighted a “whale” transaction where an investor bought 10.4K ETH, worth $40.5 million, via an over-the-counter (OTC) deal.

This was preceded by another significant move from Fundamental Global Inc., which filed a $5 billion shelf offering to acquire more ETH, further signaling strong institutional appetite.

“$ETH continues to outperform $BTC. Just today, a whale bought 10.4K ETH worth $40.5 million via OTC. Yesterday, Fundamental Global Inc filed a $5 billion shelf offering to buy more ETH. It feels like the $4K ETH resistance won’t be there for long.”

Bitcoin Dominance Declines as Altcoin Season Looms

The rise of ETH has coincided with a notable decline in Bitcoin dominance, with Bitcoin’s share of the total crypto market falling around 59%. This shift suggests a rotation of capital from Bitcoin into altcoins, including Ethereum.

Popular trader and analyst Rekt Capital noted on X that “Ethereum Dominance is already ~50-60% of the way in its Macro Uptrend,” drawing a comparison to the previous bull run in 2021.

He forecasted that Bitcoin dominance could temporarily rebound. He also said, however, that it will eventually “transition into a long-term technical downtrend.” This analysis points to the potential for a broader “altcoin season,” where altcoins see significant gains relative to Bitcoin.

The post Ethereum Breaks $4,000: Altcoin Season to Come? appeared first on BeInCrypto.

Michael Saylor Predicts Capital To Flow From Gold to Bitcoin Amid Tariff Rumors

Monicah W

Strategy founder Michael Saylor has raised the possibility of investors ditching gold for Bitcoin amid rumors that the U.S. could impose tariffs on imports of the precious metal. The Strategy founder also made a case for why the flagship crypto is the safest asset to hold rather than the metal. Michael Saylor Predicts Capital Migration

The post Michael Saylor Predicts Capital To Flow From Gold to Bitcoin Amid Tariff Rumors appeared first on CoinGape.

BlackRock Rules Out XRP ETF Filing Despite Ripple Lawsuit End

Monicah W

BlackRock has stated it will not file for an XRP or Solana ETF. This announcement was made after Ripple’s prolonged legal battle with the U.S. Securities and Exchange Commission officially ended this week. BlackRock Holds Off on XRP ETF Amid Legal Clarity, Drawing Criticism for Limited Crypto Focus The top asset manager, which already lists

The post BlackRock Rules Out XRP ETF Filing Despite Ripple Lawsuit End appeared first on CoinGape.

Trump Removes IRS Commissioner, Pro Crypto Scott Bessent to Serve as Acting Head

Monicah W

U.S. President Donald Trump reportedly intends to remove Billy Long as the IRS Commissioner. In his stead, the president will nominate pro-crypto Scott Bessent, who is also the Treasury Secretary, to serve as the acting Commissioner. Donald Trump Removes IRS Commissioner, Names Bessent As Acting Head According to a Bloomberg report, the president plans to

The post Trump Removes IRS Commissioner, Pro Crypto Scott Bessent to Serve as Acting Head appeared first on CoinGape.

Binance Transfers Massive Ethereum to Wintermute as Price Breaks $4K

Monicah W

Ethereum surged above $4,000 today. It remained above this level even as Binance moved tens of thousands of ETH to market maker Wintermute. Binance’s Ethereum Transfers to Wintermute Spark Market Concerns Data from Arkham Intelligence shows Binance hot wallets sent thousands of ETH to market maker Wintermute within hours of the price surge. The transactions

The post Binance Transfers Massive Ethereum to Wintermute as Price Breaks $4K appeared first on CoinGape.

BlackRock Has No Immediate Plans for a Spot Solana and XRP ETFs

Monicah W

Ripple News Today- Will BlackRock File XRP ETF

The post BlackRock Has No Immediate Plans for a Spot Solana and XRP ETFs appeared first on Coinpedia Fintech News

BlackRock Inc. (NYSE: BLK) has no immediate plans to file for a spot Solana (SOL) or XRP exchange-traded funds (ETFs). According to the company’s spokesperson, BlackRock is currently focused on growing its two crypto ETFs, including the iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA). 

Wall Street analysts believe that BlackRock could have already filed for spot crypto ETFs beyond BTC and ETH if they wanted. Furthermore, several fund manager firms have already filed for spot XRP and SOL ETFs with the U.S. SEC.

The speculation of BlackRock filing for a spot XRP ETF surged on Friday following the joint dismissal by Ripple and the SEC on the longstanding lawsuit.

When Will SEC Approve Spot XRP and Solana ETFs?

The U.S. SEC is expected to greenlight trading of several spot altcoin ETFs before the end of 2025. As Coinpedia reported, the agency has made deliberate efforts to engage with spot altcoin ETF issuers led by Solana, signaling an imminent approval in the near term. 

According to Vivian Fang, a finance professor at Indiana University, the Bitcoin and Ethereum  ETFs are different from the Solana and XRP ETFs. While both XRP and Solana are U.S.-made altcoins, Wall Street analysts have predicted a SOL ETF approval first before an XRP one.

“All things considered, I personally believe it is more likely that we will see ETFs filed for public blockchain-based altcoins like Solana (SOL) before we see one dedicated to Ripple (XRP),” Fang said.

Market Picture

The crypto legal clarity in the United States has helped attract more institutional investors. More corporate investors have been implementing altcoin treasuries following the palpable success of the Bitcoin treasury companies. 

Ultimately, the 2025 altseason will be fueled by clear crypto regulations amid significant capital inflows from institutional investors. Furthermore, the Ethereum price has broken beyond $4k for the first time in eight months.

The post BlackRock Has No Immediate Plans for a Spot Solana and XRP ETFs appeared first on Coinpedia Fintech News
BlackRock Inc. (NYSE: BLK) has no immediate plans to file for a spot Solana (SOL) or XRP exchange-traded funds (ETFs). According to the company’s spokesperson, BlackRock is currently focused on growing its two crypto ETFs, including the iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA).  Wall Street analysts believe that BlackRock could have already …

SEC Filings Show Harvard and Brown Universities Bought Bitcoin Via BlackRock’s IBIT in Q2

Monicah W

BlackRock IBIT Dominates ETF Market, Is Bitcoin Price Heading to $120K?

The post SEC Filings Show Harvard and Brown Universities Bought Bitcoin Via BlackRock’s IBIT in Q2 appeared first on Coinpedia Fintech News

The mainstream adoption of BlackRock’s iShares Bitcoin Trust (IBIT) has proliferated Ivy League Universities, led by Harvard and Brown, in the United States. According to a filing with the United States Securities and Exchange Commission (SEC), Harvard University doubled down on its IBIT holdings during the second quarter to around 1,906,000 shares of IBIT as of June 30, valued at $116.6 million.

As a result, Harvard University through the Harvard Management Company is the 29th biggest holder of IBIT shares out of the total 1,300 investors. On the other hand, Brown University reported a net holding of 212,500 shares of IBIT, valued at around $13 million as of June 30. 

Remarkably, Brown University increased its IBIT shares from 105,000 shares reported on March 31, 2025. According to Eric Balchunas, an EFT analyst at Bloomberg, IBIT’s endowment by Ivy League universities significantly contributes to its growth.

BlackRock’s IBIT Leads Spot Bitcoin ETFs in Growth

BlackRock’s IBIT has grown to more than $86 billion in net assets under management. Since its inception, IBIT has recorded a cumulative cash inflow of about $57.4 billion, thus outpacing its Gold ETF in yearly growth.

The wider spot BTC ETFs have also recorded significant cash inflows led by Fidelity’s FBTC, and Ark’s ARKB. Earlier this week, Michigan’s state pension fund reported owning 300,000 shares of the Ark Bitcoin ETF as of June 30, valued at $10.7 million.

Market Impact

The rising demand for Bitcoin by spot BTC ETF issuers has increased the existing supply vs demand shock. Furthermore, Strategy Inc. has led dozens of corporations in the implementation of Bitcoin treasury, whereby market data from BitcoinTreasuries shows over 3.6 million BTCs are held for this purpose.

As a result, BTC price is well positioned to rally exponentially akin to the 2017 summer. Moreover, BTC has already entered its price discovery phase with a parabolic rally on the horizon

The post SEC Filings Show Harvard and Brown Universities Bought Bitcoin Via BlackRock’s IBIT in Q2 appeared first on Coinpedia Fintech News
The mainstream adoption of BlackRock’s iShares Bitcoin Trust (IBIT) has proliferated Ivy League Universities, led by Harvard and Brown, in the United States. According to a filing with the United States Securities and Exchange Commission (SEC), Harvard University doubled down on its IBIT holdings during the second quarter to around 1,906,000 shares of IBIT as …

News

Erebor’s Tech Billionaires to Use Political Friends for Crypto Bank Approval

Monicah W

Erebor, a nascent crypto bank, recently circulated a fundraising memo claiming that it expects a bank charter in half the normal time. If approved, the bank will integrate stablecoins at a foundational level.

Several of Erebor’s tech billionaire founders are Trump allies with direct connections to the relevant regulators. This memo outright stated that their “political network will get this done” at extreme speeds.

Erebor: Crypto’s Next Big Bank?

Since the SVB collapse in 2023, the Web3 industry hasn’t enjoyed a dedicated tech-specific bank. Last month, a group of prominent tech billionaires announced plans to fill this gap by launching Erebor, a new bank with greater emphasis on crypto.

According to a recent scoop, this institution is planning to win regulatory approval much faster than expected.

Apparently, Erebor issued a recent fundraising memo claiming that the crypto bank will be fully operational by the end of the year.

Normally, this process could take a year or longer, so Erebor’s investors are openly suggesting that it’ll win regulatory approval twice as fast.

How is this possible? Several of its leading tech/crypto investors, such as Peter Thiel and Anduril founder Palmer Luckey, have become close Trump allies. “Palmer’s political network will get this done,” the memo claimed.

Furthermore, the institution is banking on increased cooperation between crypto and TradFi.

The OCC, which handles bank charters, has grown closer to the industry in recent months. Its current Chair, Jonathan Gould, is a former Bitfury executive with noteworthy connections to Erebor.

The memo directly claimed that Erebor’s co-founders have a “unique connectivity to banking regulators,” specifically naming Gould.

In a press statement, an OCC representative didn’t directly address these claims of favoritism:

“The OCC carefully considers every bank charter application submitted based on the facts of the application and consistent with its statutory and regulatory requirements,” an OCC spokeswoman told Business Insider.

Pros and Cons of Approval?

To be fair, the crypto industry could definitely use a bank catered to its interests. Erebor plans to become “the most regulated entity conducting and facilitating stablecoin transactions,” integrating Web3 at all layers.

If it proves successful, the institution could represent a major platform for TradFi’s integration with crypto.

However, the political corruption angle isn’t likely to win the industry’s reputation any favors. The crypto industry is under a lot of flak for significantly boosting President Trump’s net worth through business deals.

If “Palmer’s political network” gets Erebor a bank charter in half the usual time, how is that going to look to outside observers?

In the long run, accusations of corruption and bribery could become a serious problem. The crypto industry could benefit from this bank, but the expedited timetable seems unnecessary.

This fundraising memo might be bluster, and the speedy approval could never materialize. If it does, however, it may become a major scandal.

The post Erebor’s Tech Billionaires to Use Political Friends for Crypto Bank Approval appeared first on BeInCrypto.

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Harvard Enters the Crypto Market With BlackRock’s Bitcoin ETF

Monicah W

SEC disclosure documents revealed that Harvard University had invested over $116.6 million in to IBIT, BlackRock’s Bitcoin ETF, in Q2 2025. IBIT was its fifth-largest portfolio investment, surpassing Google’s parent company.

This news is quite unexpected, and it’s still unclear when Harvard made this investment. The university has significant shares in a wide range of tech firms, but IBIT is apparently its only Web3 commitment.

Harvard’s Surprise Bitcoin ETF Purchase

Harvard, one of the world’s most prestigious universities, has occasionally appeared in the crypto industry, but most of its interactions have been tangential.

Its Business School approved a case on Helium, and it’s been at the center of Trump disputes without much more direct contact. It turns out, however, that Harvard is a major Bitcoin ETF investor:

Social media reports first suggested that Harvard put $120 million into BlackRock’s Bitcoin ETF, but this was slightly garbled. In actuality, it was $116.6 million.

This revelation came from SEC documents detailing the university’s investment portfolio at the end of Q2 2025.

Still, Harvard has evidently put a lot of faith in the Bitcoin ETF. It’s the university’s fifth-largest portfolio investment right now, outpaced by Meta, Microsoft, Amazon, and Booking Holdings Inc.

This figure doesn’t include other asset categories like real estate. Amazingly, Harvard allocated roughly $3 million more into IBIT than Alphabet, Google’s parent company.

BlackRock is the clear leader in the Bitcoin ETF market, so it makes sense that Harvard directed its capital at the firm. IBIT is the overwhelming first choice for Bitcoin ETF investment, at least for retail investors.

Its portfolio includes other tech and crypto-adjacent stocks, like $104.4 million in NVIDIA, but IBIT remains Harvard’s only direct Web3 exposure.

Harvard’s unexpected purchase could increase IBIT’s public notoriety. July was a bad month for BTC ETFs, with BlackRock’s Ethereum ETF surpassing IBIT in terms of weekly inflows. If an establishment pillar like Harvard is interested regardless, that could represent a signal of confidence.

The post Harvard Enters the Crypto Market With BlackRock’s Bitcoin ETF appeared first on BeInCrypto.