Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Chainlink Launches Cross-Chain Token (CCT) Standard, LINK Adds 6%

On Jan. 15, the Chainlink team announced that the Cross-Chain Interoperability Protocol v1.5 upgrade was now live on mainnet for all developers. The upgrade empowers developers to take their tokens cross-chain “in a self-serve manner” and deploy Cross-Chain Tokens (CCTs) across more than twenty blockchains in minutes, it added. CCIP is a secure and easy-to-use protocol for transferring tokens and messages across various blockchains. New Chainlink CCT Standard The CCIP v1.5 introduces the Cross-Chain Token (CCT) standard, explained Chainlink. The new standard offers developers “full control and ownership, enhanced programmability, and zero-slippage transfers,” it added. “CCIP v1.5 marks a major upgrade to the CCIP developer experience, making it easier than ever to onboard new or existing tokens to the CCT standard and integrate CCIP into cross-chain applications.” It stated that CCTs do not require developers to inherit any CCIP-specific code within their token’s smart contract, and they can deploy pre-audited coin pool contracts to turn any ERC-20-compatible asset into a CCT. The upgrade also includes a CCIP Token Manager which provides a streamlined user interface for developers to launch and manage CCTs. The Chainlink CCIP v1.5 upgrade is now live on mainnet for all developers. This release empowers devs to take their tokens cross-chain in a self-serve manner, deploy Cross-Chain Tokens (CCTs) across 20+ blockchains in minutes, & much more. Full details ↓ pic.twitter.com/9xzahbZVzb — Chainlink (@chainlink) January 14, 2025 Developers can also manage CCT deployments with “Smart Accounts,” which will require approvals from multiple owners to authorize transactions, it added. CCIP will also help increase access to bridged USDC to “help prevent liquidity fragmentation and accelerate DeFi adoption across the multi-chain ecosystem,” it stated. Chainlink community ambassador Zach Rynes tested out the system, reporting that he created a Cross-Chain Token called CLG in a couple of minutes and transferred it between layer-2 networks Base and Arbitrum. Chainlink CCIP v1.5 is awesome I just created a Cross-Chain Token called $CLG in a couple minutes and transferred it between @base and @arbitrum Fully permissionless and no coding required, just used the new CCIP Token Manager to create the token and @transporter_io to… pic.twitter.com/ptpLlVWd17 — Zach Rynes | CLG (@ChainLinkGod) January 14, 2025 In early January, Chainlink partnered with Ripple to accelerate the adoption of the cross-border payments firm’s stablecoin, Ripple USD (RLUSD). LINK Prices Up The protocol’s native token, LINK, gained around 6% on the day to reach an intraday high of $20.60 during early trading in Asia on Wednesday. Like most altcoins, LINK has taken a beating over the past month, falling around 30% from its mid-December high of just over $30. According to Santiment, whales have bought 1.35 million LINK over the past 24 hours, pushing its price back to resistance at $20 following a dip to $18.24 on Monday. The next resistance zone to overcome is around the $24 level, where LINK last tapped on Jan. 6. The post Chainlink Launches Cross-Chain Token (CCT) Standard, LINK Adds 6% appeared first on CryptoPotato . CoinOtag

---

Ethereum Network Growth Slows as Whale Reduces Position and ETF Activity Shifts

Ethereum’s network growth has significantly slowed over the past week, with new $ETH addresses dropping by 9.32%. This slowdown points to a potential dip in fresh interest and activity on the Ethereum blockchain, which could impact its future adoption and overall market sentiment. #Ethereum network growth has slowed notably over the past week, with the number of new $ETH addresses declining by 9.32%! pic.twitter.com/2Xrv2YwjBf — Ali (@ali_charts) January 13, 2025 Whale Reduces Ethereum Position A prominent whale with an 83% winning rate has reduced their Ethereum holdings by 5,872.63 ETH, purchased during a market dip, at an average price of $3,106.53. This sale resulted in a minor loss of $530,000. Despite this, the whale still holds 11,252.98 ETH (valued at about $35.39 million) at an average cost of $3,196.85. The reduction in position may signal caution in the market, particularly after the recent price fluctuations. 波段胜率 83.3% 老哥估计也被昨晚以太的跌法吓到了，割肉一小部分 过去四小时内他以均价 $3106.53 减仓了 5,872.63 枚 ETH（即昨晚暴跌时加仓的部分），小亏 53 万美金；目前两个地址仍剩余 11,252.98 枚 ETH（约 3539 万美金），成本 $3,196.85 这样也好，进可攻退可守，更灵活些~… https://t.co/WfYmVDX7pQ pic.twitter.com/GGlHOqyyqe — Ai 姨 (@ai_9684xtpa) January 14, 2025 Market Maker Activity and Potential Impact on ETH Price Cumberland, a major market maker, received a distribution of 20,000 ETH (roughly $61.38 million) from Fidelity’s FETH ETF Inflows address, which was subsequently deposited into Binance. This transaction coincided with the short-term trough of Ethereum’s price. Had these ETH tokens been sold at the time, it could have contributed to the recent decline in Ethereum’s price during the previous night’s trading session. 10 小时前，做市商 Cumberland 收到 Fidelity FETH ETF Inflows 地址分发的 20000 枚 ETH（约 6,138 万美金），随后全部充值进了 #Binance 代币充值前后刚好是 $ETH 币价的短时谷值，如果这部分 ETH 已被卖出，或为昨晚以太下跌的推手之一 钱包地址 https://t.co/d9umiwShhK pic.twitter.com/FkaRlkSAuU — Ai 姨 (@ai_9684xtpa) January 14, 2025 Ethereum ETF Flows: Mixed Sentiment On January 13, Ethereum spot ETFs saw a net outflow of $39.43 million, continuing a four-day streak of outflows. However, BlackRock’s ETHA ETF experienced a notable net inflow of $12.9 million, suggesting some institutional interest remains in Ethereum despite the overall negative trend. On January 13, the total net outflow of Bitcoin spot ETFs was $284 million. The Bitcoin spot ETF with the largest net inflow yesterday was BlackRock ETF IBIT, with a net inflow of $29.4646 million. https://t.co/59u0BnEqLG pic.twitter.com/semf38ojcs — Wu Blockchain (@WuBlockchain) January 14, 2025 Conclusion Ethereum’s network growth has slowed, and whale movements indicate a cautious stance. Coupled with the ongoing outflows from Ethereum spot ETFs, market sentiment appears to be in consolidation. However, selective institutional inflows, such as those from BlackRock, suggest there is still optimism for the future of Ethereum. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: fellowneko/ 123RF // Image Effects by Colorcinch CoinOtag