Chainlink Partners With SBI Group to Advance Tokenized Assets, Stablecoins in Japan
Despite the major partnership, LINK declined 5% over the past 24 hours alongside the broader crypto weakness.
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Despite the major partnership, LINK declined 5% over the past 24 hours alongside the broader crypto weakness.
The company now holds 102,237 ether worth about $489 million.
Support has formed in the $4.38-$4.41 zone, with resistance at $4.50.
ADA traded within a 10% range overnight as investors weighed macro signals and Cardano ecosystem updates.
The fundraising drew investment from major crypto firms ParaFi, Pantera, FalconX, CoinFund and others.
Monday’s stock declines came following a fast plunge in cryptocurrency prices late Sunday.
Kato’s remarks come amid concerns over Japan’s high debt-to-GDP ratio and the potential for financial repression and yen depreciation.
Digital asset treasuries have become all the rage recently, with many firms copying the strategy popularized by Michael Saylor’s bitcoin (BTC) holding firm Strategy.
Modeled after oil, maple syrup, and grain reserves, the proposed Strategic Bitcoin Reserve positions BTC as a sovereign asset alongside traditional stockpiles.
With ETH near record highs and Tom Lee eyeing $15,000 by the end of this year, investors weigh exposure through direct tokens, spot ETFs or corporate treasuries.