The post Grayscale’s First Chainlink ETF Play Heats Up While Bears Block the Breakout ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp With Federal Register approval to trade on NYSE Arca, the first Chainlink ETF on American soil marks a major step toward institutionalizing access to Chainlink’s oracle technology via a regulated investment vehicle. Set to launch this week, the ETF comes after Grayscale’s approval to convert its Chainlink Trust into a tradable product on NYSE Arca. It signals rising institutional interest in crypto infrastructure assets beyond Bitcoin and Ethereum, offering investors seamless exposure to Chainlink without directly holding the tokens and bridging traditional finance with the emerging digital asset ecosystem. Chainlink is a cornerstone of blockchain infrastructure, enabling smart contracts to securely access real-world data, from financial markets to weather and supply chains, via decentralized oracles. Its native token, LINK, ranks among the top 25 cryptocurrencies by market capitalization, underscoring its influence in the crypto ecosystem. Therefore, the approval of the U.S.-based Chainlink ETF represents a major milestone for crypto adoption, providing retail and institutional investors with a regulated avenue to gain exposure to blockchain’s infrastructure layer. Advertisement &nbsp Unlike traditional ETFs tied to stocks or commodities, this fund targets the foundational technologies powering the decentralized web, bridging traditional finance and the emerging digital economy. Chainlink Faces Continued Selling Pressure Amid Descending Price Structure Market analyst GainMuse notes that Chainlink faces persistent bearish pressure, with sellers defending every attempt at lower highs. After failing to sustain a recent bounce, LINK continues drifting within its descending channel, highlighting cautious market sentiment and the hurdles ahead for a meaningful recovery. Source: GainMuse Chainlink is currently holding critical support at $10.5–$11.0 near the descending channel’s lower boundary. This zone could trigger a short-term rebound or signal a continuation of the downtrend, making it a key level for traders to watch. GainMuse highlights that a breakout above the descending resistance could… The post Grayscale’s First Chainlink ETF Play Heats Up While Bears Block the Breakout ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp With Federal Register approval to trade on NYSE Arca, the first Chainlink ETF on American soil marks a major step toward institutionalizing access to Chainlink’s oracle technology via a regulated investment vehicle. Set to launch this week, the ETF comes after Grayscale’s approval to convert its Chainlink Trust into a tradable product on NYSE Arca. It signals rising institutional interest in crypto infrastructure assets beyond Bitcoin and Ethereum, offering investors seamless exposure to Chainlink without directly holding the tokens and bridging traditional finance with the emerging digital asset ecosystem. Chainlink is a cornerstone of blockchain infrastructure, enabling smart contracts to securely access real-world data, from financial markets to weather and supply chains, via decentralized oracles. Its native token, LINK, ranks among the top 25 cryptocurrencies by market capitalization, underscoring its influence in the crypto ecosystem. Therefore, the approval of the U.S.-based Chainlink ETF represents a major milestone for crypto adoption, providing retail and institutional investors with a regulated avenue to gain exposure to blockchain’s infrastructure layer. Advertisement &nbsp Unlike traditional ETFs tied to stocks or commodities, this fund targets the foundational technologies powering the decentralized web, bridging traditional finance and the emerging digital economy. Chainlink Faces Continued Selling Pressure Amid Descending Price Structure Market analyst GainMuse notes that Chainlink faces persistent bearish pressure, with sellers defending every attempt at lower highs. After failing to sustain a recent bounce, LINK continues drifting within its descending channel, highlighting cautious market sentiment and the hurdles ahead for a meaningful recovery. Source: GainMuse Chainlink is currently holding critical support at $10.5–$11.0 near the descending channel’s lower boundary. This zone could trigger a short-term rebound or signal a continuation of the downtrend, making it a key level for traders to watch. GainMuse highlights that a breakout above the descending resistance could…

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more