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Chainlink’s Token Surges 8% in Bullish Breakout Rally

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Oracle network Chainlink’s (LINK) native token showed remarkable strength during the Wednesday session as cryptocurrencies attempted to bounce back from yesterday’s carnage.

LINK topped $26, gaining 8.3% over the past 24 hours and erasing Tuesday’s losses. It vastly outperformed most large-cap cryptos, including bitcoin’s (BTC) modest 0.5% and ether’s (ETH) 4% rebound during the same period.

The crypto market benchmark CoinDesk 20 Index was up 1.5%.

The token’s relative strength underscores Chainlink’s improving appeal to crypto investors as a key piece of infrastructure connecting traditional markets with blockchain rails, benefiting from accelerating institutional adoption.

Sergey Nazarov, co-founder of Chainlink, said on Tuesday he met with U.S. Senator Tim Scott, Chairman of the Senate Banking Committee, leading the effort to bring the market structure bill to the Senate.

“This new version of the market structure bill has many advantages over past versions, enabling our industry to rapidly grow in the U.S. with fewer limitations,” Nazarov said in an X post.

The Chainlink Reserve, an initiative that channels revenue from protocol integrations and services to buy LINK tokens, mirroring public companies’ share buyback programs, also supports the token’s price.

The facility has accumulated 109,664 tokens worth roughly $2.8 million in two weeks and it’s poised to execute the next weekly purchase on Thursday, data shows.

Technical Analysis

LINK showcased exceptional price momentum throughout the 24-hour session, successfully breaking critical resistance zones on heightened trading volume before transitioning into a consolidation phase, according to CoinDesk’s Research’s technical analysis data.

  • Price surge of 8.30% from $23.96 to $25.93 during 24-hour period.
  • Strong support levels formed around $23.50-$23.60 zone.
  • Key resistance broken at $24.50 and $25.20 levels.

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.



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Wyoming State Launches Frontier Stable Token (FRNT)
Crypto Trends

Wyoming State Launches Frontier Stable Token (FRNT)

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Wyoming state announced on Tuesday the mainnet launch of its U.S. dollar stablecoin Frontier Stable Token (FRNT), claiming it to be the first fully-reserved stablecoin in the country issued by a public entity.

“The mainnet launch of the Frontier Stable Token will empower our citizens and businesses with a modern, efficient, and secure means of transacting in the digital age,” Mark Gordon, governor of Wyoming and chairman of the Wyoming Stable Token Commission, said in a statement.

The token has already been deployed on the Arbitrum

, Avalanche , Base, Ethereum , Optimism , Polygon (POL), and Solana networks, blockchain data on the project’s website shows. The token is designed to be 2% over-collateralized, backed by U.S. dollars and short-duration U.S. treasuries held in trust.

The token will be available for the broader public in the coming days on Solana through Wyoming-domiciled exchange Kraken and Rain’s Visa-integrated card platform on the Avalanche blockchain, the press release said.

The announcement, coincided with the Wyoming Blockchain Symposium conference in Jackson Hole, Wyoming, follows the U.S. enacting federal laws with the GENIUS Act to regulate the fast-growing stablecoin sector and issuers.

Stablecoins are a $260 billion class of cryptocurrencies with prices tied to an external asset like the U.S. dollar. They could become a trillion dollar market in the next few years and disrupt payments flows as adoption in the real economy expands, crypto trading firm Keyrock projected in a recent report.

Wyoming, known for its forward stance on blockchain legislation, created the Wyoming Stable Token Commission in 2023 to develop and issue a U.S. dollar-backed token and oversee its integration into public finances. Last month, the state conducted a test transaction for real-time government contractor payment on the Avalanche-based Hashfire.

The Commission has partnered with LayerZero for token issuance, Fireblocks for blockchain infrastructure, Franklin Advisers for reserves management, Inca Digital for open-source intelligence and The Network Firm for audits and monthly attestations, all selected through a procurement process, the press release said.

Read more: U.S. Treasury Department Starts Work on GENIUS, Gathering Views on Illicit Activity



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stablecoin
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Japan Eyes Approval Of Yen-Backed Token

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Japan is inching towards the approval of its first yen-backed stablecoin, with regulators likely to approve it as soon as October.

Nikkei reports that the token, named JPYC, will be issued by Tokyo fintech company JPYC and will be backed by the Japanese yen with reserves like bank deposits and government debt.

Stablecoin Target Remittances And Corporate Payments

The forthcoming launch follows a 2023 revision of Japan’s Financial Services Agency’s legal requirements classifying stablecoins as “currency-denominated assets.”

With this regulation, only licensed money transfer companies, trust companies, and banks may issue them. JPYC is in the process of registering as a money transfer company within the month, which will enable selling tokens shortly afterward.

The company’s goal is ambitious. Within the next three years, it plans to sell 1 trillion yen’s worth of JPYC, roughly $6.8 billion at the current rate of 147 yen per dollar.

🇯🇵 Japan to greenlight first yen-based stablecoin.

The Financial Services Agency will approve the issuance of Japan’s first yen-denominated stablecoin as early as autumn, with the aim of using it for international remittances and more.

— World of Statistics (@stats_feed) August 18, 2025

The tokens might be utilized for cross-border remittances, corporate payments abroad, or trading in decentralized finance markets.

News also indicates hedge funds dealing in cryptocurrencies and family offices handling money of rich investors are already evincing interest.

Carry Trades Attract Institutional Interest

Market observers think that JPYC can also find use in carry trades, which exploit the disparity in interest rates among currencies.

That prospect has attracted institutional interest at a point when stablecoins are becoming popular worldwide.

BTCUSD trading at $115,718 on the 24-hour chart: TradingView

Dollar-backed tokens continue to hold sway, with the overall value of all stablecoins recently hitting more than $250 billion.

Tether’s USDT and Circle’s USDC continue to be used the most for trading and settlements.

Yet, Japan’s attempt to launch a regulated yen-backed token may signal the way toward increased regional adoption in Asia, where dollar-denominated stablecoin alternatives are being monitored closely.

Regulated Path Offers Predictability

JPYC’s approval would highlight Japan’s stricter but clearer approach compared to many other countries.

Analysts say the framework gives companies more certainty as they test blockchain-based settlement systems without fear of regulatory ambiguity.

According to estimates, the global stablecoin market could swell to nearly $4 trillion by 2030, more than 10 times its current size.

And if yen-pegged instruments, such as JPYC, gain traction, they could capture some of that growth and resonate with Asian investors looking for alternatives to dollars.

The Japanese move also comes as governments across the globe heighten their monitoring of stablecoins due to fears about financial stability.

Featured image from CNN, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.





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XLM/USD (TradingView)
Crypto Trends

Stellar’s XLM Token Drops 6% as Institutional Selling Intensifies

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Stellar’s XLM token came under heavy institutional selling pressure between August 17 at 3:00 PM and August 18 at 2:00 PM, sliding from $0.43 to $0.41 in a 6% decline.

Trading volumes during the 24-hour period topped $30 million, representing roughly 7% of daily turnover.

The most notable liquidation event occurred between 1:00 AM and 3:00 AM on August 18, when institutional sellers offloaded more than 60 million tokens. This selloff forced XLM down from $0.42 to $0.41, creating strong resistance at the $0.42 level and defining new support near $0.41.

Despite attempts at recovery, the asset consistently failed to breach the resistance zone, signaling persistent institutional bearishness and leaving XLM vulnerable to further downside.

The final trading hour on August 18 added fresh pressure, as XLM registered a 1% drop between 1:21 PM and 2:20 PM. Institutional selling accelerated between 1:31 PM and 1:42 PM, with corporate liquidations pushing prices from $0.41 to $0.41 on volumes exceeding 2.7 million units.

This flurry of activity confirmed resistance at $0.41 and set a short-term support floor at the same level. Multiple recovery attempts throughout the hour were met with renewed selling pressure, culminating in a stagnant close around $0.41 with minimal volume in the last 20 minutes.

The lack of buying interest highlights the possibility of further weakness should sellers regain momentum.

XLM/USD (TradingView)

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.



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IOTA rides rebased upgrade to record TVL as token breaks out
NFT Gaming

IOTA rides rebased upgrade to record TVL as token breaks out

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IOTA’s Rebased upgrade is paying off. Just months after launch, the layer-1 network has hit an all-time high $36 million in total value locked, fueled by double-digit staking yields and rising transaction activity — momentum that has chart watchers betting on a bullish breakout toward $0.50.

Summary

  • IOTA price token was flat on Sunday, Aug. 17. 
  • Its monthly network transactions jumped by over 30%.
  • The total value locked rose to a record high of $36 million.

IOTA transactions and TVL jumps

IOTA (IOTA) token was trading around $0.2125 at last check on Aug. 17, up by 50% from its lowest level this year. 

IOTA, a layer-1 network, is performing relatively well, just a few months after launching the Rebased upgrade. Rebased was a major upgrade that introduced more decentralization by adding new validators. 

It also enabled IOTA holders to stake their tokens and earn double-digit returns. Nansen data shows that it now has staking yield of 13%, higher than most coins. 

Rebased also introduced MoveVM smart contracts, enabling developers to build their decentralized applications in areas like DeFi and gaming. 

Data shows that the total value locked in IOTA’s platform has continued rising this month and currently stands at an all-time high. Swirl, the biggest liquid staking platform, jumped by 2.8% in the last 30 days to $17.14 million. 

Pools Finance’s TVL rose to $11 million, while Virtue has gained $8.14 million. This brings its TVL to $36 million, up from $10 million in July this year. While this TVL is still smaller compared to its peers, it is moving in the right direction.

IOTA’s network is also growing in terms of transaction growth. It handled 779,900 transactions in the last 30 days, a 31% increase, indicating that users are interacting with it. 

IOTA price technical analysis

IOTA price chart: Source: crypto.news

The daily timeframe chart shows that the IOTA token formed a double-bottom pattern at $0.1420, its lowest level in April and June this year. A double-bottom is a typical bullish reversal pattern characterized by two distinct lows and a neckline, which, in this case, is at $0.2742. 

IOTA token has moved slightly above the 50-day and 100-day moving averages. The Relative Strength Index and the MACD indicators have moved sideways.

Therefore, the IOTA price will likely bounce back and possibly retest the key resistance point at $0.2742, its highest point in May, and the neckline of the double-bottom pattern. 

A move above that level will indicate further gains, potentially reaching the psychological point at $0.50, which is up 135% from the current level. A drop below the double-bottom point will invalidate the bullish forecast.



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Investors favor this new coin under $1 and another coin under $4 over a leading token
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Investors favor this new coin under $1 and another coin under $4 over a leading token

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

As Solana eyes $250, investors turn to XRP and Little Pepe as explosive crypto opportunities this cycle.

Summary

  • Solana eyes $250, but XRP and LILPEPE show greater millionaire-making potential.
  • LILPEPE combines meme power, low entry, and presale momentum for explosive gains.
  • XRP gains clarity, Solana climbs, but LILPEPE could be the bull run’s hidden gem.

With the 2025 bull run shaping up, crypto investors are re-evaluating where the next big wave of wealth will come from. 

While Solana (SOL) holds strong technical support and targets $250, more eyes are turning to Ripple (XRP) and a new sub-$1 memecoin, Little Pepe (LILPEPE), as the most explosive plays this cycle.

Little Pepe: The meme chain moonshot

“From ribbit to riches” could potentially be the 2025 crypto story. Little Pepe is not here to play the meme-hype game. It’s the world’s first Layer-2 chain built solely for memes, designed to host a dedicated meme launchpad and offer the cheapest, fastest, and sniper-bot-proof trading environment. 

That’s a memecoin narrative with real blockchain muscle. Since launching its presale at $0.001 on June 10, LILPEPE has raised over $17.5 million and sold 11.7 billion tokens, now priced at $0.0019, already up 90% from Stage 1. The momentum is unmistakable, and the project’s 0% buy/sell tax, near-zero fees, and backing from anonymous experts behind past meme giants add serious credibility. 

Its roadmap outlines a major rollout: presale completion, mainnet launch, meme-only CEX listings, and partnerships designed to make it the go-to chain for meme culture. Plans are even in place to target the largest exchange in the world post-launch. 

Meanwhile, Little Pepe has completed its Certik smart contract audit, ensuring a fair transaction experience. Combined with a generous $777k giveaway, the project pulls retail investors and whales into its orbit. 

Given its low entry price, a move to even $1 would be over 500x from today’s presale stage. For those seeking the next millionaire-maker coin, LILPEPE’s fundamentals and hype cycle align perfectly with 2025’s meme coin mania.

Ripple’s long legal battle with the SEC ended in August 2025, eliminating one of the biggest overhangs in its history. The XRP price reacted instantly, surging from $2.99 to $3.33 in a day, with analysts now eyeing $8 to $30 targets in the coming months.

Source: CoinGecko

Institutional interest is heating up. Japan’s SBI Holdings has already filed for a Bitcoin-XRP ETF, signaling that Ripple’s remittance and payments tech could finally get the mainstream push it has been waiting for. 

Trading volumes, open interest, and long/short ratios show a strong bullish bias. XRP’s new regulatory clarity and global payment network adoption put it in a powerful position for the 2025 bull run for investors looking at mid-cap cryptos with real-world use cases.

Solana price outlook: The catch-up game of 2025?

Solana has been holding key support levels around $140 and is currently eyeing a breakout towards $250. On-chain liquidity, golden cross EMA setups, and buy-side absorption support this bullish case.

Source: CoinGecko

However, SOL faces the massive task of overcoming the $205 multimonth resistance level. Failure to mount a convincing move above that range might see SOL revisiting lower support around $156.  

Despite a sustained push, Solana’s next target of around $250 is not profitable enough for new entrants. That’s why some traders see it as a “steady” play rather than the life-changing ROI bet they can get with sub-$1 cryptos like LILPEPE. In other words, while Solana price targets are bullish, fireworks might happen elsewhere.

Conclusion: The 2025 wealth equation

This bull run isn’t just about which projects survive, but which ones can multiply portfolios. Solana targets a steady rise to $250. However, it is limited compared to alternatives in the market. XRP brings legal clarity and institutional adoption to a potential price discovery mode. 

Little Pepe delivers the perfect storm of low entry price, viral meme culture, real utility, and unstoppable presale momentum. If history tells us anything, the biggest millionaire-makers often start small, move fast, and catch the wave before everyone else sees it. Right now, that’s LILPEPE. Join the presale before the subsequent stage price increase.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.



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