Chainlink's LINK Plunges 9% as Intense Selling Overpowers Caliber's $2M Accumulation

Dogecoin's price has taken a significant hit, dropping 10% to $0.17 as large investors, known as whales, sold off approximately 360 million DOGE worth $74 million. This decline extends a troubling trend, with the cryptocurrency down over 27% for the week. Despite some positive buzz surrounding the potential merger of House of Doge with a Nasdaq-listed company and Thumzup's plans for DOGE payouts to creators, the initial excitement has quickly waned. This situation highlights the volatility in the crypto market and the impact of large sell-offs on prices.

Ondo Finance has urged the SEC to pause Nasdaq's plan for tokenized securities, expressing concerns that the proposal lacks transparency regarding settlement details, which could disproportionately benefit larger market players. This matter is significant as it highlights ongoing debates about fairness and equity in the evolving landscape of digital finance, potentially impacting how smaller investors engage with tokenized assets.

Thumzup Media has made an exciting move by integrating Dogecoin for creator payouts, marking a significant step in the corporate adoption of meme coins. This development not only highlights the maturation of the cryptocurrency market but also aims to reduce cross-border transaction fees, making it easier for creators to receive payments. As technical analysts monitor Dogecoin's support levels, this integration could attract more speculative capital, potentially benefiting both Thumzup and the broader crypto community.

Ripple Labs is making headlines as it plans to purchase $1 billion worth of XRP tokens to bolster its treasury. This move is significant because Ripple already holds a substantial amount of XRP, with 4.5 billion tokens in its possession and an additional 37 billion locked in escrow. By acquiring more tokens, Ripple aims to strengthen its financial position and potentially enhance its influence in the cryptocurrency market.

DeFi Dev Corp has successfully added 86,307 SOL to its treasury, now valued at $426 million. This move reflects the company's commitment to its long-term strategy of increasing its SOL holdings despite market volatility. By utilizing funds from its equity financing, DeFi Dev Corp is positioning itself for future growth, which is significant for investors and the broader DeFi ecosystem.

StableX has made headlines by acquiring Chainlink tokens, marking its second significant investment in the crypto space after FLUID. This move highlights the growing acceptance of stablecoins and the networks that support them, signaling a shift towards mainstream adoption in the cryptocurrency market. As more firms recognize the potential of stablecoins, this acquisition could pave the way for further innovations and investments in the sector.

The memecoin market has taken a significant hit, dropping nearly 40% in just one day, with popular tokens like DOGE and SHIB struggling to recover. This downturn is concerning for investors and enthusiasts alike, as it reflects broader market instability and raises questions about the future of these once-popular cryptocurrencies.

Zeta Network has successfully raised $230 million through a private sale backed by Bitcoin, marking a significant milestone for the company. By accepting Bitcoin and SolvBTC from investors, Zeta is not only enhancing its corporate treasury with crypto assets but also signaling a growing acceptance of digital currencies in mainstream finance. This move could pave the way for more companies to explore similar funding avenues, highlighting the evolving landscape of investment in the tech sector.

Bitcoin's recent crash to $105,000 has sent shockwaves through the cryptocurrency market, pushing the Fear & Greed Index into extreme fear territory. This index, created by Alternative, gauges trader sentiment based on various factors like volatility and trading volume. The current sentiment reflects widespread anxiety among traders, which could impact future market movements. Understanding these shifts is crucial for investors as they navigate the volatile landscape of cryptocurrencies.

The UK's tax authority, HMRC, has significantly increased its efforts to ensure crypto investors are reporting their gains, sending out nearly 65,000 warning letters last year—more than double the amount from the previous year. This crackdown is crucial as it highlights the government's commitment to tackling tax evasion in the rapidly growing cryptocurrency market, ensuring that investors comply with tax regulations and contribute their fair share to the economy.

Dubai has successfully completed a pilot program for cryptocurrency payments in government services, marking a significant step towards integrating digital currencies into everyday transactions. This initiative not only showcases Dubai's commitment to innovation but also positions the city as a leader in the global shift towards blockchain technology. By embracing crypto payments, Dubai aims to enhance efficiency and transparency in its services, making it easier for residents and businesses to engage with the government.

Bitcoin is facing significant challenges as it struggles to maintain its value after a sharp market drop last Friday. Traders are feeling the impact of one of the most volatile weeks in recent months, with Bitcoin currently hovering around the $105K–$106K range. Meanwhile, gold has reached new all-time highs, highlighting a growing uncertainty in global markets. This situation is crucial as it reflects the shifting dynamics between cryptocurrencies and traditional safe havens, which could influence investor behavior moving forward.

XRP is currently facing challenges in breaking through key resistance levels after a notable rebound. This price action aligns with an Elliott Wave pattern, indicating that the market might be in its final consolidation phase before a significant movement occurs. Following a sharp decline last Friday, prices have shown impressive recovery, but the momentum seems to be waning, leaving traders cautious about the next steps.

Bitcoin has seen a significant drop, falling over 5% to around $105,105 as investors shift their focus from cryptocurrencies to gold amid market instability. This decline marks a 13% decrease from its recent peak of nearly $126,000 on October 6. The heavy liquidations in the crypto market have intensified selling pressure, prompting many to seek safer investments like gold. This trend highlights the growing caution among investors as they navigate the volatile landscape of digital currencies.