Chainlink
Why Chainlink is up 1.0% in the last hour
Analysis
Chainlink (LINK) rose about 1% over the past hour as markets digested Cointelegraph’s report that Wemade selected Chainlink infrastructure for a Korean won stablecoin initiative, a development that underscores ongoing adoption of Chainlink’s tooling in regulated stablecoin setups. The move came despite CoinGape noting Grayscale executives and its parent firm trimming holdings in certain crypto ETFs that include Chainlink exposure, which may have limited upside but didn’t prevent a modest gain.
Contributing Factors (2)
Wemade taps Chainlink for Korean won stablecoin infrastructure
Wemade added Chainlink to its Korean won stablecoin alliance to strengthen oracle and data infrastructure as South Korea debates stablecoin regulation.
Grayscale Executives, Parent Firm Trim Holdings in XRP, Solana, & Chainlink ETFs
Executives from crypto asset management company Grayscale and its parent Digital Currency Group (DCG) and related investment firm have sold shares in XRP, Solana, and Chainlink ETFs. The selloffs occu...
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.