Kraken is doubling down on trader empowerment. By increasing margin trading leverage from 2x to 10x on select pairs, we’re giving experienced traders more flexibility, efficiency, and capital power than ever before.

Margin leverage is increasing for five of our most popular crypto assets: ADA, LINK, AVAX, SUI and LTC!

10x margin trading is now available for:

Why Kraken’s 10x leverage is a win for traders

• Greater capital efficiency
  Trade larger positions with less capital, freeing up funds for other opportunities.
• More dynamic strategies
  React quickly to market moves and execute short-term strategies more effectively.
• Enhanced risk/reward management
  Amplify potential gains (and losses) with tools to help manage risk intelligently.
• Same security. More power.
  Enjoy increased leverage with Kraken’s trusted security and infrastructure.

Here’s some more information about the tokens:

Cardano (ADA) is a research-driven cryptocurrency. Cardano is the first proof-of-stake blockchain platform to be founded on peer-reviewed research. It’s powered by Ouroboros, a protocol that its proponents claim has improved upon security, scalability and energy efficiency versus other proof-of-work predecessors, like Bitcoin. ADA is the native token of Cardano and can be staked to earn rewards.

Chainlink (LINK) is a decentralized oracle that provides external data to smart contracts. Using reputation and validation systems to reward honest behavior among tamper-proof oracles, the Chainlink network connects smart contracts to real world data, events and payments. The cryptocurrency that powers the network is LINK, an ERC-20 token that incentivizes oracles – third party blockchain data sources – to maintain service level agreement (SLA) standards.

Avalanche (AVAX) is a system that serves as a foundation for a new wave of decentralized applications (or dApps). Consisting of three interoperable blockchains, it aims to deliver high throughput without sacrificing scalability.

Sui Network (SUI) is a scalable, low-latency smart contract platform powered by a permissionless set of validators. Sui Network allows transactions to be processed in parallel thanks to its unique data model and approach to consensus. The SUI token allows network users to pay gas fees, while also helping to ensure smooth transaction execution and reliable storage of operations on the network.

Litecoin (LTC) is a BTC fork with faster transaction confirmations. Litecoin (LTC) was released in 2011 as a fork of Bitcoin with the primary difference being a decreased block processing time, 2.5 minutes as opposed to Bitcoin’s 10 minutes, allowing for faster confirmation of transactions. Litecoin also features improved storage efficiency and a slightly different proof-of-work mining mechanism than Bitcoin.

Before you start, what you should know:

In order to trade using margin, you will need to hold at least one collateral currency.

The availability of margin trading services is subject to certain limitations and eligibility criteria.

Margin trading incurs additional fees for opening, closing and holding a position. Learn more about the different rates and fees.

Trade with caution

There is no guarantee that a limit order will execute. There is no guarantee of margin pool availability at all times. There is also no guarantee of a market order executing at a certain price. The availability and liquidity of the particular digital asset will impact these types of orders.

Ready to trade but don’t have a Kraken account yet? Sign up today!

Crypto Markets started today with a big deal when US government data first collided with blockchain. Pyth Network and ChainLink have worked with Commerce Department to push GDP figures up to crypto chains such as Solana and Ethereum. Following on, Pyth Crypto’s price action went wild, but ton and link holder cleaned up the bruises.

Pyth stole the Crypto Show, surgening from 70% of the announcement. Money is flowing as Oracle’s role in real-time data delivery is verified by Uncle Sam. Meanwhile, Solana is still surfing its waves, and its ecosystem metrics are reaching new highs.

(pyth/usd,source- TradingView))

Meanwhile, Tonn hit the rough waters and was soaked up $2.60 in support during the builder’s Exodus memorial drama. The community is frustrated with impediments in mobility and failed promises. Even with telegram ties, the sentiment is sour and the activity on the chain is flatlined.

(Tons/USD, Source – TradingView))

Discovered: Top Solanamime Coins to Buy in 2025

Expectations for Link, Sol and Pis’s cryptography

ChainLink is currently integrating with replacement products at record lows. People will vent online about supply emissions that are outweighing demand and call on Link Teams for stagnation. However, the new reserve program is quietly buying back revenues. Therefore, there may be a turnaround in the play. The link comes with SBI and Euroclear partnerships, but prices are still behind. On-chain data shows that whales are actively snapping links.

Solana has momentum with a record of 600 million weeks of trading and 81% control of DEX volume. Developers count Blast Paets from 83% to over 7,600 to ensure they don’t forget to submit ETFs from Vaneck and Bitwise. Firedancer Update also has a promise of 100 times the scale, drawing Visa and BlackRock.

Sol TVL has climbed its annual peak with a 107K TPS burst. Memecoin’s hype and tokenized inventory are the reasons for the sol volume bump. PayPal and upcoming Alpenglow will likely drive the Solana for over $250.

(Sol TVL, Source – defill))

In addition to other players, Pyth has pushed its market capitalization by over $1 billion. This is a large code number that will not be seen since May. US-Pyth has a partnership that provides GDP data across 10 chains, pumping crypto trading volumes up to 70%.

Pyth Crypto has benefited a lot from the Solana ecosystem, especially with unauthorized governance. Pyth has been rewarding stakers with cross-chain crypto airdrops. As Oracles fills in Tradfi and Defi, it could come if explosive adoption of Pyth is underway.

Discover: Best Meme Coin ICO for Investing in 2025

For the latest market updates, please join us in the discrepancy in 99bitcoins news here

Helium HNT is ready for meeting: new price analysis reveals why

by Akiyama Felix

Helium HNT Mobile is one of the crypto companies that continues to build. As the team pushes new developments, the base continues to grow in the background. The new talknomics model redirects 100% of HELIUM Mobile’s monthly subscriber revenue to burn HNT Crypto, thus creating shortages and, in theory, increase value.

HNT is burned to create data credits used to pay for all network activity, including data transfer over IoT and 5G networks.

Simply put: More Users -> More Network Activity -> More HNT burns.

As a growing Depin project backed by investors such as Andreessen Horowitz, GV (formerly Google Ventures), Pantera Capital, Deutsche Telecom and Goodyear Ventures (yes, tire companies), Helium Mobile’s HNT will be one of the great performance coins during the upcoming Depin season.

more here.

Forget your mortgage quote: Crypto and Memecoin can change your life

by Akiyama Felix

Crypto Memecoins is rewriting its financial playbook and pulling retailers out of the grief they hear from billionaires about mortgage estimates. Memecoin’s market capitalization reaches $74.5 billion and a daily volume of $6.6 billion, and these tokens are one of the paths to finding financial freedom.

Memecoins like Dogecoin, Shib, and Pepe deliver traditional fund-shattering returns. Especially in the dog-themed category, there’s no way to turn into a billionaire within less than a month, unless it comes from Memocoin.

(Memocoin Growth, Source – Co Ringecko))

Retailers turn small bets from Mimecoin every year by millions. Last year, Solana Memecoins hype brought hundreds of times more coins. This year, Trump-related tokens reach an all-time high of market capitalization at a fully diluted value of $73 billion. The President showed the raw energy of Memecoin and gave people the opportunity to become billionaires.

Shiba Inu Shib was the top member who printed billionaires in the last Bull Run, making people forget about mortgage estimates.

This is not a dream.
reality.
Just hold it.#shib #shibainu #shiba #shibainucoin #Shibacoin #shibaarmy #cryptocurrency #cryptocurrencies #cryptos #crypto #cryptonnews #hodling #hodl #hoddlers pic.twitter.com/3wtekvq0jt

— shiba inu (@Shiba2adollar) October 9, 2021

Discovery: Next 1000x Ciphers: 10+ Ciphers tokens that could hit 1000X in 2025

The complete story here.

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An increasing number of asset managers are adopting cryptocurrencies as treasury reserves. Nasdaq-listed Caliber is the latest to join this trend, having recently announced the formal approval of its new Digital Asset Treasury (DAT) Strategy, which features decentralized oracle provider Chainlink (LINK) at its core.

LINK Tokens As Reserve Assets

The announcement came from Caliber’s Board of Directors, which outlined its intention to not only purchase LINK tokens but also engage in activities aimed at maximizing returns from these digital assets. 

With a focus on the token’s long-term appreciation potential, the real state-focused asset manager plans to hold the cryptocurrency as part of its equity portfolio and generate yield through staking, further diversifying its investment strategy.

To support the implementation of this digital asset approach, Caliber has established the Caliber Crypto Advisory Board (CCAB). This dedicated advisory group, composed of experts in digital assets and blockchain technology, will provide guidance on the DAT Strategy and Policy.. 

The DAT Policy itself outlines a framework for the acquisition, custody, and management of digital assets, including specific protocols for security and internal controls. 

The Board believes that adopting this strategy will not only enhance shareholder value but also strengthen the company’s balance sheet and improve liquidity. By holding LINK as a reserve asset.

Additionally, the integration of Chainlink’s technology is expected to streamline key business processes, such as asset valuation and fund administration, further benefiting the company.

Chainlink’s Partnership With US Commerce Department

Chris Loeffler, Chief Executive Officer of Caliber, emphasized the importance of this strategic move, stating, “We believe that implementing a digital asset treasury strategy strengthens our balance sheet and aligns Caliber with the future of digital finance.” 

He noted that this initiative positions Caliber at the forefront of innovation in the real estate and investment management sectors, reinforcing its commitment to becoming a “diversified alternative asset manager.”

To ensure the responsible execution of this strategy, the asset manager said it has collaborated with a team of experts, including legal advisors from Perkins Coie and Manatt, Phelps & Phillips, as well as its existing audit firm, Deloitte.

Caliber’s announcement precedes a significant breakthrough for the Chainlink network, which recently partnered with the US Commerce Department to bring critical macroeconomic data on-chain. 

NewsBTC reported earlier today that following the disclosure of the partnership, LINK’s price experienced a notable surge, reaching approximately $25, reflecting a 6% increase. As of this writing, the Chainlink’s price has dropped toward $24.86, losing earlier gains to a 1.8% increase now recorded in the 24-hour time frame. 

Featured image from DALL-E, chart from TradingView.com 

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The race for crypto ETFs is intensifying as two tokens, Chainlink (LINK) and XRP, come under scrutiny. Crypto asset manager Bitwise officially submitted paperwork with the U.S. Securities and Exchange Commission (SEC) on Tuesday, seeking to launch a Bitwise Chainlink ETF that provides investors with direct exposure to LINK, the native token of the oracle network.

Bitwise Pushes Forward With Chainlink ETF Filing

According to the S-1 filing, the fund will directly hold LINK, providing investors with a way to gain exposure to the token without having to purchase it directly on the open market. In practice, this means that investors can create shares using the LINK token and redeem their shares to receive LINK again, or they can complete the process in cash. Shares in the fund will also be issued and redeemed in cash, a Trust-Directed-Trade process that mirrors the structure of other spot ETFs.

The SEC has only recently begun to allow issuers to offer in-kind creation and redemption for crypto-based ETFs. The Bitwise Chainlink ETF application does not yet include a ticker symbol. It does not specify the exact listing venue. Still, Bitwise plans to list the fund on a U.S. national securities exchange after obtaining approval from the SEC. The paperwork, however, shows that Coinbase Custody Trust Company would act as the custodian for the LINK tokens and also serve as the prime execution agent.

Chainlink’s price action has already responded positively to the news of the Bitwise ETF application. The token is trading above $23 and has gained nearly 5% in the daily chart. Traders are now watching to see if LINK can extend its ETF momentum and push toward a price breakout to $30 if the cryptocurrency continues its uptrend.

Chainlink And XRP Battle For ETF Spotlight

While Chainlink is gaining attention with its ETF filing, XRP is not far behind in the race. Bitwise has filed amended S-1 forms for its XRP ETF, with key catalysts for possible SEC approval expected in October. The amendments to the XRP ETF filing were likely made in response to feedback from the SEC. 

If the XRP ETF follows a path similar to Ethereum’s, market experts predict approval could come first, with trading beginning about two months later. Meanwhile, if it follows the same pattern as Bitcoin ETFs, the most favorable outcome could see trading begin within just one to five days after approval, rather than waiting months.

With Bitwise filing for a LINK ETF and also pursuing an XRP product, both tokens are firmly in the spotlight and could soon compete directly as regulated investment products available through spot ETFs. 

XRP’s price action remains steady despite waiting for ETF approval. The token is hovering near $3.22 after recently climbing to $3.60. Traders are now watching to see if XRP can break out again as the ETF review process moves forward.

Featured image from DALL.E, chart from TradingView.com

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LINK rallied 12% over the past 24 hours, hitting $27.8, its strongest price since December. Bitcoin (BTC) appreciated 3.5% during the same period, while the broad-market CoinDesk 20 index jumped 6.5%.

In protocol-specific news, Chainlink obtained two major security certifications this week: ISO 27001 and a SOC 2 Type 1 attestation, marking a first for a blockchain oracle platform. The audits, carried out by Deloitte, covered Chainlink’s price feeds, proof-of-reserve services and the Cross-Chain Interoperability Protocol (CCIP).

The oracle provider says the move strengthens trust in its data services and can bolster adoption among banks, asset issuers and decentralized finance protocols.

Further supporting the rally, the Chainlink Reserve, which periodically purchases LINK tokens on the open market using protocol revenues, bought 41,000 tokens on Thursday, worth roughly $1 million at that time. That brought total holdings to 150,778 tokens, around $4.1 million at current prices.

Technical analysis

• Support Levels: Substantial defense established at $24.15 with high-volume confirmation, according to CoinDesk Research’s technical analysis data.
• Resistance Penetration: Systematic advancement through $25.00, $25.50, and $26.00 levels with volume validation from institutional participants.
• Trading Volume Analysis: Exceptional 12.84 million volume surge during breakout phase, representing five times the 24-hour average of 2.44 million units.
• Consolidation Patterns: Extended tight range consolidation around $24.70-$25.10 preceding explosive institutional-driven breakout.
• Momentum Indicators: Sustained upward trajectory with measured advance characteristics and institutional accumulation signals from corporate treasury operations.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

Chainlink has introduced the Chainlink Reserve, a new onchain treasury designed to accumulate its native token LINK using revenue from both enterprise clients and blockchain services.

The initiative aims to support the long-term sustainability of the Chainlink Network by converting off-chain and on-chain payments into LINK through its recently expanded Payment Abstraction infrastructure.

In its early launch phase, the Reserve has already amassed over $1 million worth of LINK.

Chainlink said it expects the Reserve to continue growing with no withdrawals planned for several years, positioning it as a long-term asset base to fund future development and network incentives.

Growing the reserve

Chainlink’s Payment Abstraction allows users to pay for services in a variety of tokens, including gas tokens, stablecoins, or even fiat, with all payments programmatically converted into LINK.

This system now extends to large-scale enterprise integrations, enabling corporations to pay off-chain while still contributing to the LINK economy. The mechanism facilitates conversions using Chainlink’s own infrastructure, CCIP, Automation, and Price Feeds, alongside Uniswap V3.

As demand for Chainlink’s services rises, particularly among major banks and capital markets institutions building tokenized asset infrastructure, the volume of converted payments is expected to increase.

The Chainlink Reserve operates as an Ethereum smart contract and includes a multi-day timelock for added security. A public dashboard is available at reserve.chain.link, offering transparency into its holdings and activity.

Strengthening the economic model

The Chainlink Reserve complements the protocol’s broader economic framework, which includes usage-based fees, staking-secured revenue sharing, and a Build program that supports early-stage projects in exchange for token commitments.

Protocols like Aave and GMX already contribute to LINK demand through MEV-sharing and data stream fees.

On the cost side, Chainlink is rolling out the Chainlink Runtime Environment (CRE), which consolidates redundant infrastructure across blockchains and reduces operational overhead. These improvements are designed to increase capital efficiency while maintaining high service reliability.

With over $80 billion in value secured across over 60 blockchains and more than 2,000+ oracle feeds, Chainlink remains the dominant provider of decentralized data infrastructure.

The Chainlink Reserve is intended to ensure this position strengthens as the next wave of blockchain adoption, driven by tokenized real-world assets and stablecoins, unfolds.

The decentralized oracle network Chainlink (LINK) defied the overall crypto market dip and witnessed a mild bump in price after Chainlink Labs announced that it had joined the U.S. Securities and Exchange Commission’s (SEC) Crypto Task Force.

The project announced on the social media platform X that it had joined the task force to “discuss the need for standards enabling the compliant issuance and trading of tokenized assets at scale.”

“For the blockchain industry to reach its full potential and tap institutional capital, meeting regulatory requirements is essential. Only Chainlink provides the compliance, privacy, cross-chain, and data infrastructure needed to scale digital asset adoption in a single platform.

Chainlink’s Automated Compliance Engine (ACE) enables developers and institutions to define and enforce compliance policies directly within smart contract workflows, providing a framework for tokenized assets to remain compliant with regulatory requirements as they move across the on-chain economy.”

LINK is trading at $17.49 at time of writing. The 17th-ranked crypto asset by market cap is up nearly 3% in the past 24 hours, more than 12% in the past seven days and more than 33% in the past month.

By comparison, the overall crypto market is down 3.6% in the past 24 hours, according to data from CoinGecko.

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Crypto Journalist

Amin Ayan

Crypto Journalist

Amin Ayan

About Author

Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has…

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June 27, 2025

Ripple has integrated Wormhole to connect the XRP Ledger and its EVM-compatible sidechain with more than 35 blockchains, a move that could significantly boost XRP’s interoperability and reach.

Announced Thursday, the integration allows XRP-native decentralized applications to interact with networks like Ethereum, Solana, Avalanche, BNB Chain, and Polygon.

Ripple plans to leverage the new connectivity to grow its offerings in decentralized finance, tokenization, and liquidity provision.

Ripple and Wormhole Integration Unlocks Multi-Chain dApp Development

Developers will now be able to create dApps that operate seamlessly across multiple ecosystems, enhancing XRP’s utility in decentralized finance and other sectors.

“If you want real mass adoption, interoperability is essential,” said David Schwartz, CTO of Ripple and Co-creator of the XRP Ledger.

“The infrastructure has to be there, not just on one chain, but across them. With this integration, tokens natively issued on the XRP Ledger are being set up for that reality by being able to move between blockchain networks while maintaining native issuance and control.”

Wormhole’s cross-chain bridge aims to help XRP solidify its status as an institutional-grade blockchain.

“By integrating Wormhole into the XRP Ledger, we’re helping unlock even greater potential spanning all major blockchains for one of the most established blockchain networks in enterprise finance,” Robinson Burkey, Co-Founder of the Wormhole Foundation, said.

As Ripple doubles down on interoperability, market watchers will be looking for signs that these efforts could translate into renewed momentum for XRP.

XRP Ledger Upgrade Adds Institutional Tokens

As reported, RippleX, the development arm of Ripple, has rolled out version 2.5.0 of the XRP Ledger, introducing several protocol upgrades aimed at strengthening network functionality and security.

RippleX engineer Mayukha Vadari has called the upgrade “possibly the best single lineup of amendments” ever released, introducing significant improvements to token management and transaction processing.

The XLS-85 amendment upgrades the escrow system by allowing third-party issued tokens, including stablecoins, and introduces multi-purpose tokens designed for institutional applications.

Another key change, XLS-56, enables wrapper transactions that can combine up to eight steps into a single action, aiming to lower failure rates in complex transaction flows and improve network efficiency for advanced use cases.

The new update comes as the XRP Ledger has recorded a surge in user activity, with the number of daily active addresses climbing from an average of 35,000 to over 295,000.

Alongside growing usage, the number of whale wallets holding over 1 million XRP has reached an all-time high of 2,700 — a milestone not seen in the 12-year history of the protocol.

The rise in large holders may reflect growing institutional or high-net-worth conviction in XRP’s long-term value.

In May, VivoPower also invested $121 million in XRP as a strategic reserve, making it the first company in the world with an XRP-focused treasury.