Mid-Week Update

Top News Headlines

• SEC Chair Gensler takes heat from lawmakers over his approach to regulating crypto - Read More

• Bitcoin's correlation with equities continuing to diverge - Read More

• SEC delays decisions on proposed Ethereum ETFs from Ark, VanEck - Read More

• Chase UK banning crypto services for 1.6 million over scam risks - Read More

Project Spotlight: Chainlink Labs

Chainlink is back in the spotlight and attracting attention from some unlikely sources. Following Chainlink’s successful launch of their Cross-Chain Interoperability Protocol (CCIP) and SWIFT’s confirmation that they tested CCIP successfully, anticipation is mounting that traditional financial institutions will use Chainlink to tokenize assets.

In a year where the digital asset industry has seen millions of dollars lost to various scams and hacks, Chainlink’s CCIP solution also delivers the vital security needed to start bringing Real World Assets on-chain.

With Chainlink’s keynote SmartCon conference kicking off in just a couple weeks, the $LINK token has also seen a recent rally and has outperformed the wider crypto market. Chainlink has a history of being one of the first-movers after extended bear markets so investors will likely keep a close eye on the price as many hope the next bull run is right around the corner.

That’s it for the Mid-Week Update by DAI! If you found this useful, please share and recommend!-CH