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Gautam Adani, one of the world's wealthiest entrepreneurs, is pushing forward with an ambitious energy project in India—what's set to become the planet's largest battery energy storage system. This facility could reshape how renewable power gets stored and distributed at scale.
For the crypto space, massive energy infrastructure like this matters more than people think. Mining operations and blockchain networks consume serious electricity, and cleaner, more efficient energy grids could lower operational costs while addressing environmental criticism that's followed proof-of-work chains for years.
India's betting big on energy transition, and projects like this might eventually support data centers, mining farms, and Web3 infrastructure that demand reliable, affordable power. The scale here is wild—if battery storage can stabilize renewable sources, it changes the economics for energy-intensive industries across the board. 💥 $LINK eyes $20 as DTCC lists Bitwise’s spot Chainlink ETF
The cryptocurrency market has stabilised over the past 24 hours, following Tuesday’s bearish performance.
Bitcoin has reclaimed the $104k level after temporarily dropping to the $103k region on Tuesday.
Altcoins are also faring better, with Ether approaching $3,500 once again.
Chainlink’s LINK is down 2% in the last 24 hours, but could rally higher as ETF talks gain momentum.
🔸 DTCC lists Bitwise’s spot Chainlink ETF
LINK, the native coin of the Chainlink blockchain, is down 2% in the last 24 hours, making it one of the worst performers among the top 20 cryptocurrencies by market cap
The bearish performance comes despite the ongoing Chainlink Smartcon event and positive news regarding a Chainlink spot exchange-traded fund (ETF).
The Depository Trust and Clearing Corporation (DTCC) has listed Bitwise’s spot Chainlink ETF under its “active and pre-launch” category
This is exciting news for the Chainlink community as the DTCC is a provider of post-trade clearance, settlement, custody, and information services in the United States.
On the DTCC official website, the Bitwise Chainlink ETF is registered with the ticker symbol CLNK
The DTCC listing doesn’t guarantee that the ETF will be approved by the US Securities and Exchange Commission (SEC).
However, it is considered a positive sign by market experts.
Bitwise filed its S-1 statement for the ETF in August, making it the first spot ETF proposal for Chainlink.
After that, Grayscale filed its Chainlink ETF proposal.
The Bitwise LINK ETF doesn’t have plans to stake LINK tokens, but Grayscale’s fund may stake a portion of the LINK assets.
Chainlink is currently one of the most widely used platforms in the crypto space.
It is a decentralised oracle network that connects blockchains with real-world data, enabling smart contracts to access information like asset prices or other external events securely
#LINK #Chainlink
{spot}(LINKUSDT) A Bitcoin user paid more than $105,197—slightly less than one BTC at the time—to send just $10 of the digital coin on Tuesday, according to blockchain data.
First flagged on Crypto Twitter—or X—by the digital asset community, the user paid the huge amount to send just 0.00010036 BTC, data from Mempool shows.
"It was definitely some non-standard way of crafting a transaction," Nick Hansen, CEO and co-founder of the Luxor mining pool, noted dryly to Decrypt.
Bitcoin transaction fees are generally only a fraction of the amount sent, although they may vary when traffic spikes on the blockchain. Fees have been low recently after mining pools slashed them in July to increase blockchain activity.
The average BTC transaction currently stands at $0.91 cents, according to data provider BitInfoCharts. On Tuesday, Decrypt was able to pay less than $0.30 cents to miners to send $10 worth of Bitcoin.$BTC #CoinDeskNovGateReportComing #AreYouBullishOrBearishToday? #SpotETFApprovalUpdates #CryptoMarketWatch #TopDipPicks Did $ETH {currencycard:spot}(ETH_USDT) just pull off a great escape?
Man, it looked grim earlier. That drop down to $3,405 felt heavy, like we were going to lose the $3,400 psychological level.
But look at that reversal. The buyers stepped in hard. That's a textbook V-shape recovery in the 1-hour chart.
We completely erased that whole dump move. Right now, we are trying to flip the $3,567 area into support. This is crunch time.
The volume is decent on this push up, which is good. If this momentum holds for the next couple of hours, the target is clearly that 24h high at $3,588. A break and close above that and we get a new leg up.
But don't forget where the strong resistance is. We have to clear that $3,600 mark for this recovery to feel real.
If this rally runs out of steam right here, expect a healthy cool-off back toward $3,500.
Watching the re-test. This is where you separate the patience from the panic.
#eth #ETHReboundStarts