The LINK token may see a 25-fold increase to $200 by the end of 2030, as the growing real world asset market increases demand for the industry’s largest oracle services provider, according to Standard Chartered. The Chainlink (LINK) token may see an more than 25-fold increase by the end of the decade, as tokenized real world assets (RWA) will reach $4 trillion by the end of 2028, according to a forecast by Geoff Kendrick, the global head of digital asset research at Standard Chartered. Kendrick said that the growth in tokenized assets will require more external data to come securely onchain, which may increase Chainlink’s fee generation and push its LINK token to $200 by the end of 2030, up from $8 today, according to a Monday report shared with Cointelegraph. The report also forecast a 37-fold rise in tokenized and crypto-native assets deployed in decentralized finance, pushing these assets to $2.7 trillion by the end of 2030. Kendrick said these assets will require trusted data, interoperability between net...
Bitcoin spiked to a new August high into Sunday’s weekly close as market participants turned their attention to the next US inflation reports. Bitcoin starts the week with new August highs as traders weigh the impact of crunch US inflation data. Key points: Key US inflation data is due as markets shift their expectations of Federal Reserve interest-rate policy. Read more
Sweden’s H100 more than tripled its Bitcoin holdings to 3,506 BTC after completing an acquisition involving 2,455 BTC. Sweden-listed health-tech and Bitcoin treasury company H100 Group completed its acquisition of Norwegian Bitcoin companies holding 2,455 Bitcoin (BTC), more than tripling its Bitcoin treasury to 3,506 BTC. The transaction involved no cash consideration, with H100 issuing 790.5 million new shares to the sellers, the company said in a Monday press release. The newly issued shares diluted existing shareholders by about 70%. H100 priced them at 1.86 Swedish kronor ($0.20) each, valuing the transaction at about 1.47 billion kronor ($155 million). Read more