Chainlink (LINK) is showing strong upside momentum, trading above $23.00 on Monday. The rally follows news that Grayscale has submitted an S-1 filing with the US Securities and Exchange Commission (SEC) to launch a Chainlink spot exchange-traded fund (ETF).
The filing aligns with Grayscale’s broader strategy to expand investor access to digital assets beyond its current offerings, which include Bitcoin (BTC) and Ethereum (ETH). Market participants are now watching for confirmation of the ETF approval, which could act as a major catalyst for LINK in the near term.
Bitcoin price forecast: BTC reclaims above $111,500 amid Fed rate cut optimism and renewed institutional demand
Bitcoin (BTC) traded in positive territory above $111,800 on Monday, supported by rising expectations of potential Federal Reserve (Fed) interest rate cuts and renewed institutional buying. Notable corporate buyers, including Metaplanet, as well as government entities such as El Salvador, have added BTC to their reserves, reinforcing bullish sentiment for the largest cryptocurrency by market capitalization.
BTC extended its gains above $111,900 during early European trading, recovering nearly 3% last week. The rebound followed the release of the US Nonfarm Payrolls report, which showed that August job growth added only 22,000 positions—significantly below market expectations—heightening optimism for looser monetary policy.
Solana price forecast: SOL steadies as adoption grows with USDG expansion and Nasdaq listing
Solana (SOL) remains above $207, consolidating after a near 3% recovery last week. Adoption momentum is accelerating, driven by the Robinhood-backed USDG stablecoin, whose supply on Solana surged almost 160% over the past month, surpassing Ethereum (ETH) and highlighting growing network utilization.
Adding to the bullish narrative, SOL Strategies Inc., a Canadian company dedicated to Solana infrastructure and investments, is set to debut on the Nasdaq Global Select Market starting Tuesday. This marks the first Solana-focused treasury company to list publicly, emphasizing the network’s expanding footprint in both institutional and retail markets.
