Chainlink (LINK), one of the world’s largest altcoins, has left behind a massive previously planned token unlock. In recent hours, the Chainlink development team has added 19 million LINK, or approximately $269 million worth of assets, to circulation in the token unlocking operation it regularly carries out every quarter. According to the data, he transferred 14.875 million LINK, worth $212.9 million, to Binance. On the other hand, the remaining 4.125 million LINK, or $56.2 million, was transferred to a multisig wallet with the short address 0xD50. Related News: Important Development for Surprise Altcoin - Coinbase Files Application with CFTC According to the data, the Chainlink development team has unlocked a total of 176 million LINK since August 2022. This amount corresponds to $ 2 billion at the time, and currently it is equivalent to $ 2.43 billion. 151.3 million of these unlocked tokens were transferred to Binance for an average of $ 11.41. The Chainlink development team currently holds 342.5 million LINK worth $4.7 billion locked in uncirculated supply contracts. Following today’s token unlock, the LINK price reacted with a loss of approximately 5%. Chart showing the decline in LINK price. *This is not investment advice. Continue Reading: Anticipated Altcoin Token Unlocking Hits Huge Token Unlock, Tokens Go Into Circulation – Here’s the Initial Price Reaction
Mike Novogratz highlights rapid growth in tokenization of real-world assets. BlackRock's BUIDL fund surpasses $1 billion, indicating industry momentum. Continue Reading: Mike Novogratz and BlackRock Propel the Future of Tokenization in Finance The post Mike Novogratz and BlackRock Propel the Future of Tokenization in Finance appeared first on COINTURK NEWS .
A Bank of America insider is pleading guilty to boosting a global money laundering conspiracy that aided drug traffickers and other illegal businesses, according to the U.S. Department of Justice (DOJ). The DOJ says former Bank of America employee Rongjian Li was a member of a money laundering and drug trafficking outfit headed by Jin Hua Zhang. According to prosecutors, Li used his position at the bank from 2021 through 2022 to help the criminal organization open several accounts. Zhang’s organization then used the BofA accounts, some of which were registered using forged passports, to launder illicit funds. “As part of his involvement, when the bank’s financial auditing systems flagged or froze accounts for suspicious activity, Li helped Zhang circumvent the bank’s anti-money laundering protocols and move illicit funds elsewhere. In addition, Li was observed sitting next to Zhang at a dinner in New York, where Zhang discussed the different fee percentages he charged various criminal groups for drug trafficking and scams.” Zhang’s organization is believed to have laundered millions of dollars in a span of months, according to the DOJ. “The investigation revealed that, for a fee, Zhang laundered bulk cash for drug dealers and laundered profits from other illegal businesses. In less than a year, Zhang and his organization laundered at least $25 million worth of drug proceeds and funds from other illegal businesses through undercover agents.” Li has pleaded guilty to the charge of conspiracy to commit money laundering. He faces a monetary fine and a prison sentence. “The charge of money laundering conspiracy provides for a sentence of up to 20 years in prison, up to three years of supervised release and a fine of up to $500,000, or twice the amount involved, whichever is greater.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Bank of America Insider Helps Criminals and Illicit Businesses Launder Funds in Massive Global Conspiracy: US Department of Justice appeared first on The Daily Hodl .
Much more support for market is needed
Once the stars of the crypto market, metaverse tokens like MANA, SAND, and AXS have struggled lately.
The recent sentencing of Brooklyn-based podcaster Thomas John Sfraga, known as “TJ Stone,” underscores the ongoing challenges in the cryptocurrency sector. On March 15, a US Federal Court imposed a
A whale, who recently opened a 50x long position on Ethereum (ETH) and was known for intentionally liquidating it, seems to have set his sights on Chainlink (LINK) this time. According to the data, the whale wallet sold 18.36 million LINK worth $1.34 million in the last two hours, incurring a total loss of $512,000, or 2.7%. On-chain data reveals that the average LINK price for the sale was $13.7. In addition, the data shows that this whale also closed long positions for LINK on GMX, and on this platform the whale made a profit of $195,000. On the Hyperliquid platform, the cryptocurrency whale, the LINK whale, closed long positions and converted them into Bitcoin short positions with 40x leverage, and at the time of writing this article, it has an unrealized profit of $290,000. Related News: There is a New Development in the Government Shutdown Crisis in the US This behavior by the whale wallet came after the tokens from Chainlink’s major token unlock entered the market and the BTC price increased by 4%. *This is not investment advice. Continue Reading: The Mystery Giant Whale that Deliberately Liquidated Ethereum with 50x Leverage Closes Long Positions, This Time in Another Altcoin
The cumulative value of ERC20 tokens on Ethereum has flipped the ETH market capitalization. The Ethereum network secures just over $500 billion of value, with 51% allocated to ERC20 tokens, 46% to ETH, 2.5% to NFTs, according to ultrasound.money. ERC20 tokens issued on Ethereum are worth a cumulative market cap of almost $261 billion, compared with ETH’s market cap of $237 billion. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Ethereum (ETH) has been stuck in a tight range, trading below $1,900 and above $1,750 after days of heavy selling pressure. The broader crypto market remains under stress, with fear dominating sentiment and keeping ETH from regaining momentum. Related Reading: Dogecoin Network Activity Surges 47% In A Month – What’s Next for DOGE? The downturn is largely driven by macroeconomic uncertainty and escalating trade war fears, which have shaken both crypto and the U.S. stock markets. As investors brace for further volatility, some fear that the market is setting up for a deeper correction. However, not all analysts are bearish. Some believe that a recovery could be on the horizon in the coming months, especially if technical indicators begin to show strength. Top analyst Daan shared insights on X, revealing that Ethereum has been consolidating since the major sell-off and has formed a falling wedge pattern—a bullish formation that could indicate a local trend reversal. For now, ETH remains at risk of further declines, but if this pattern plays out, Ethereum could soon break out of its consolidation range and start building momentum for a recovery. The next few weeks will be crucial in determining whether ETH can stabilize or if more downside is ahead. Ethereum Falling Wedge Could Signal a Reversal Ethereum has lost over 57% of its value, creating a challenging environment for bulls as selling pressure continues. ETH is now trading below a multi-year support level, which has flipped into strong resistance. As long as Ethereum remains below the $1,900–$2,000 range, bulls will struggle to regain momentum, keeping bearish sentiment intact. The entire crypto market has mirrored this weakness, experiencing a significant breakdown alongside the U.S. stock market. Global trade war fears and uncertainty surrounding U.S. President Trump’s policies have further fueled the sell-off in risk assets. Since the U.S. elections in November 2024, macroeconomic volatility and rising uncertainty have driven markets lower. With the U.S. stock market hitting its lowest levels since September 2024, investors remain on edge, questioning if Ethereum has further downside ahead. Despite this bleak outlook, there is some optimism. Daan’s insights suggest that Ethereum has been consolidating since the major drop and has formed a falling wedge pattern. This bullish formation could lead to a local trend reversal if ETH breaks out and holds above resistance. For this potential recovery to materialize, ETH must break above the white zone and reclaim $2,000. If this happens, bulls could start testing higher levels and build momentum for a broader market recovery. However, the ETH/BTC ratio remains near multi-year lows, showing only minor resilience in recent days. Sustained strength is needed before a real reversal can take place. Related Reading: Ethereum Net Taker Volume Signals Huge Selling Pressure – Can Bulls Hold Key Levels? With Ethereum still struggling, the next few weeks will be crucial in determining whether this falling wedge breakout can lead to a meaningful rally or if the downtrend will continue. Bulls Struggle Around $1,900 Ethereum is currently trading at $1,900, after days of struggling below the crucial $2,000 mark. Bulls have lost control, and ETH is now at its lowest levels since October 2023, reflecting the broader market uncertainty and ongoing bearish sentiment. With macroeconomic volatility and trade war fears weighing heavily on risk assets, Ethereum continues to face selling pressure, making it difficult for bulls to build momentum for a recovery. The longer ETH stays below $2,000, the stronger the resistance at this level becomes, pushing buyers further out of the market. For Ethereum to avoid deeper losses, bulls must reclaim the $2,000 mark as soon as possible and establish it as a new support level. A break and hold above this threshold could trigger a recovery rally, allowing ETH to test higher resistance zones. However, losing current levels would leave ETH vulnerable to another drop, potentially retesting support near $1,750 or lower. Related Reading: Bitcoin Lost And Retested The 200-Day MA As Resistance – Here’s What Happened Last Time The next few days will be critical, as bulls need to step in and defend current demand to prevent further downside. If they fail to do so, Ethereum could extend its bearish trend into deeper territory. Featured image from Dall-E, chart from TradingView
Sources disclose that U.S. Representative Byron Donalds (R-FL) plans to introduce legislation on March 14, 2025, to permanently establish President Donald Trump’s Strategic Bitcoin Reserve and Digital Asset Stockpile, aiming to shield the initiative from reversal by future administrations. U.S. Could Anchor Crypto Leadership as Donalds Seeks to Codify Bitcoin Reserve The bill seeks to