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Crypto

Chainlink to work with LG CNS on won stablecoin and digital asset infrastructure

Blockchain oracle platform Chainlink said on Thursday it will cooperate with LG CNS to increase the use of won stablecoins. The companies will integrate the full Chainlink platform into LG CNS’s institutional digital asset platform solution and align efforts on improving domestic digital asset technical standards. They plan to apply Chainlink’s cross-chain, data and orchestration infrastructure to connect blockchain networks with institutional systems.

Crypto

Dogecoin rebound? Resistance level to watch for reclaiming $0.10

Dogecoin long-term holders have recently moved into loss territory, putting the possibility of a short-term rebound back in focus. On-chain analytics firm Santiment said Dogecoin’s 365-day MVRV fell to about 0.74, suggesting holders are deeply underwater. Markets are watching whether Dogecoin can build short-term support, with a potential move to $0.10 discussed if it breaks resistance at $0.087-$0.088 where key moving averages sit.

Crypto

Grayscale launches in-kind transfers for crypto ETPs covering BTC, XRP and others

Asset manager Grayscale has introduced an in-kind transfer feature that allows investors to exchange cryptocurrencies they hold for shares of its exchange-traded products without converting them into cash. The feature initially applies to 10 Grayscale crypto ETPs, covering products linked to bitcoin, ethereum, solana, XRP and others. Minimum investment amounts vary by product and stock price. Grayscale said the approach can reduce self-custody burdens and transaction costs.