Chainlink Surges: Whale Activity and the Dawn of Staking v0.2 Propel Growth
Chainlink Surges with Whale Activity and New Staking Era
Chainlink, a super-smart network that connects blockchains to real-world data, is experiencing a massive surge in activity from big-money investors, or "whales." These whales are moving huge amounts of LINK tokens. This big-money interest is a sign that people are confident in Chainlink's future and are betting that its value will continue to grow.
Furthermore, Chainlink just launched a new staking program called Chainlink Staking v0.2. With the surge in whale activity and the launch of Chainlink Staking v0.2, the future is bright for Chainlink. The network is becoming increasingly popular and valuable, and its token, LINK, may benefit from this growth.
Sony and Microsoft Team Up to Bring Blockchain Gaming to the Masses
Sony has filed a patent for a system that allows players to transfer digital assets between PlayStation titles using blockchain technology. This would enable unified progress and asset ownership across different games. Sony has also explored tokenizing in-game assets, allowing players to sell and trade them on secondary markets.
Additionally, leaked documents show that Microsoft plans to add crypto wallets to Xbox. This suggests that Microsoft is serious about expanding its gaming presence and that blockchain could play a role. These moves by Sony and Microsoft show that blockchain is gaining traction in the gaming industry. Blockchain is revolutionizing how we develop, play, and monetize games.
Tokenization of Real-World Assets to Take Off in 2024
Tokenization of real-world assets is finally expected to take off in 2024, according to Colin Butler, Global Head of Institutional Capital at Polygon Labs. This is due to a number of factors, including increased interest from private equity funds, the development of new tokenized funds, and the expansion of tokenization into other asset classes.
Private equity funds are leading the charge in tokenization, as they see it as a way to develop new investment vehicles for their clients. This is already happening, with firms like Hamilton Lane and JP Morgan developing tokenized funds. Tokenization is also expected to expand into other asset classes, such as bonds, equities, art, automobiles, commodities, and fine wines. This is due to the benefits of tokenization, such as fractional ownership, near-instant settlement, and increased accessibility.
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Bitcoin to Reach $100,000 by Year-End 2024, Standard Chartered Reiterates
Standard Chartered Bank has reaffirmed its previous prediction that Bitcoin (BTC) will reach $100,000 by the end of 2024. The bank's team, led by Geoff Kendrick, expressed confidence that the approval of several spot Bitcoin ETFs in the United States will be the next catalyst for the cryptocurrency's growth, with these events expected to occur sooner than initially anticipated.
The bank expects multiple spot ETFs for BTC and ETH to likely be approved in the first quarter of 2024, paving the way for increased institutional investment. Additionally, Standard Chartered highlighted the upcoming Bitcoin "halving" event, scheduled for late April 2024, as another factor that could contribute to potential price increases. The halving event reduces the supply of new bitcoins, which has historically led to price rallies.
Standard Chartered originally predicted BTC would hit $120,000 by the end of next year, attributing Bitcoin's success to its status as a reputable safe haven asset. The bank reiterates BTC's dominance: "BTC's dominance remains intact – its share of overall digital assets market cap has increased to 50% from 45% in April."
Overall, Standard Chartered's outlook for Bitcoin remains bullish, with the bank anticipating significant growth in 2024 driven by ETF approvals, the halving event, and continued institutional interest.
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