Cryptocurrencies Price Prediction: Chainlink, Floki & Binance — Asian Wrap 17 July

FXStreet Team FXStreet

Chainlink stabilizes as Westpac and Imperium Markets adopt LINK in Project Acacia

Chainlink (LINK) price is stabilizing at around $16.47 on Thursday after rallying 5% so far this week. LINK announced on Thursday that major institutions, including Westpac Institutional Bank and Imperium Markets, will integrate Chainlink in Project Acacia, thereby boosting institutional use cases. The technical setup supports the bullish sentiment, with LINK poised to target the $18.81 level if momentum continues.

Top Crypto Gainers: Solana-based meme coins FLOKI, BONK post double-digit gains, CRV targets $1

FLOKI edges lower by nearly 2% at press time on Thursday after bouncing off 30% higher from the 200-day Exponential Moving Average (EMA) on Wednesday. Floki's channel breakout rally gains traction as it reclaims the $0.000100 round figure. The Solana-based meme coin faces opposition at the 61.8% Fibonacci retracement level $0.000142, extrapolated over the pullback from $0.000290 on November 21 to $0.000045 on April 7.

BNB gains 3% following Windtree's plan to launch BNB treasury, H1 report

BNB rose 3% on Wednesday as Windtree Therapeutics (WINT) announced a $200 million securities purchase agreement with Build and Build Corporation to establish a BNB treasury. Meanwhile, BNB Chain revealed it achieved faster transaction settlement and fee reduction in H1, with plans to boost its current throughput by up to 20x by the end of 2025.

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Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Michael Selig assumes role as new CFTC Chair, what does this mean for crypto?

Michael Selig has been sworn in to serve as the 16th Chairman of the Commodity Futures Trading Commission. Selig was confirmed by the US Senate to head the commission last week, following his October nomination by the US President Donald Trump.

Crypto.com hires sports trader for event prediction market-making

Crypto.com plans to recruit a quant trader for the sports market-making team to buy and sell financial contracts related to these events. Opponents argue that internal trading desks put operators or their affiliates on the opposite side of customer trades.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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