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Trump Appoints Bo Hines to Lead Digital Assets Advisory Council

Donald Trump has appointed 29-year-old Bo Hines as Executive Director of the Presidential Council of Advisers for Digital Assets , marking a strategic step in expanding his economic advisory team. Hines will collaborate with David Sacks, who oversees both crypto and AI policy, signaling a structured approach to digital asset strategy. Trump’s announcement on Truth Social emphasized the need for innovation while providing the crypto industry with essential institutional support. Hines, a former congressional candidate from North Carolina, brings political experience and connections to the role. He previously secured the Republican nomination in 2022 but lost the general election to Democrat Wiley Nickel. In 2024, he attempted another primary run in North Carolina`s 6th district but finished fourth with 14.4% of the vote. Despite these setbacks, Hines maintained visibility in conservative circles, partly due to his ties to pro-crypto funding sources during his campaigns. Hines’ appointment highlights his past financial backing from crypto-affiliated Political Action Committees (PACs) , including contributions linked to former FTX executive Ryan Salame, who is currently serving a prison sentence for campaign finance violations. These connections have sparked discussions about Hines` role in shaping future crypto policy. In his statement, Hines expressed enthusiasm for his new position, saying he looks forward to working with David Sacks to foster innovation in the digital assets industry. He emphasized the importance of ensuring the sector thrives as a key driver of the nation`s technological progress. While Hines lacks a detailed public record on crypto policy, his appointment alongside an established figure like David Sacks suggests a shift toward a more structured and integrated approach to digital asset regulation. The creation of a dedicated "Crypto Council" under Trump`s advisory framework signals a heightened focus on balancing innovation with regulatory oversight . This move comes at a critical time for the crypto industry, which faces ongoing regulatory challenges and increasing pressure for institutional adoption. The effectiveness of this advisory council will depend on how well it manages to address industry concerns while promoting sustainable growth. Trump’s decision to bring Hines and Sacks together reflects a broader strategy aimed at strengthening the role of digital assets in the U.S. economy. Observers will be watching closely to see if this team can deliver meaningful policy outcomes in an industry often marked by volatility and uncertainty.

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Whales Flock to Chainlink (LINK) Amid Price Dip With a $44 Million Purchase

Chainlink (LINK) briefly dropped to $20.1 during the weekend before staging a quick recovery to a little over $23. The latest dip, however, extended its weekly losses to almost 22%. This prompted many whales to accumulate the token. LINK Whales’ Conviction There has been a noticeable uptick in the holdings of wallets containing between 10 million and 100 million LINK coins, rising from approximately 475.79 million to 479.78 million within a short period. According to popular crypto analyst Ali Martinez, this translates to a purchase of over $44 million worth of LINK, which reflects bullish behavior among large holders during the price retracement. The accumulation trend suggests growing confidence in LINK’s long-term potential. Lookonchain’s recent tweet further validated the strong conviction among whales. The blockchain analytics platform identified nine fresh wallets withdrawing a total of 362,380 LINK tokens, which is worth around $8.19 million, from Binance within the last 48 hours. Before the recent market turmoil, the LINK token saw a significant price increase and a boost in market activity, attributed to World Liberty Financial (WLFI) – a project backed by Donald Trump’s family – strategically increasing its holdings. This wave of renewed interest has led to a sharp rise in market activity. As such, CoinCodex has predicted that Chainlink’s price will increase by more than 53%, potentially reaching $35.56 by January 22, 2025. The market sentiment remains Neutral, while the Fear & Greed Index stands at 70 (Greed). In the past 30 days, Chainlink had 16 green days out of 30, with a volatility of 17.48%. Chainlink Leads Real-World Assets (RWA) Sector Earlier this month, market intelligence platform Santiment reported that Chainlink is at the forefront of the real-world assets (RWA) sector in terms of development activity. Its analysis highlighted that the decentralized oracle network is leading the sector, followed by Synthetix (SNX), a synthetic asset platform based on Ethereum, and Dusk Foundation (DUSK), which focuses on privacy and tokenization. According to the data, Chainlink recorded nearly 394 significant GitHub events in the last 30 days, while Synthetix and Dusk Foundation had 176.6 and 34.7, respectively. Besides, Chainlink has partnered with leading companies such as Coinbase, SWIFT, UBS, and Emirates NBD for the RWA tokenization industry. The post Whales Flock to Chainlink (LINK) Amid Price Dip With a $44 Million Purchase appeared first on CryptoPotato . Coinpaprika