Today's Top Crypto Headlines:

Chainlink Price Surge | ZachXBT Slams XRP | Kanye’s YZY Token Collapse and more...

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King Fatrick Gil Añasco
August 29, 2025

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Good Morning Crypto Enthusiasts!

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  1. Chainlink Jumps on Commerce Deal: LINK surged above $25 after partnering with the U.S. Commerce Department and launching data feeds for GDP and inflation. Analysts see potential upside toward $30–$40 if adoption grows.

  2. ZachXBT Criticizes XRP Holders: ZachXBT dismissed XRP users as “exit liquidity,” urging victims to file formal reports instead of seeking community help. He accused Ripple of neglecting scam prevention.

  3. 💡Feature of the Day - Kanye’s YZY Token Collapse: YZY on Solana crashed 80% after early insider profits, leaving 51,000 traders with losses. Celebrity-backed tokens like Jenner’s and Ronaldinho’s have also tanked 70%+.


    All this and more in today’s headlines!

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📰 News Highlights:

Chainlink (LINK) jumped back above $25 following its new partnership with the US Department of Commerce. The collaboration boosted LINK’s market performance, making it one of the best-performing assets this week.

The decentralized oracle network also announced Chainlink Data Feeds for key US macroeconomic data, including GDP and the PCE Price Index, which will be available across multiple blockchains.

The move has fueled optimism that LINK could push past the $27 resistance zone and target $30 or higher.

Analysts suggest the momentum could extend toward $40 if adoption continues, though LINK still trades 51% below its all-time high of $52.70.

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ZachXBT Slams XRP [Source][Source][Source][Source]

Blockchain investigator ZachXBT dismissed pleas for help from XRP holders, saying they serve as “exit liquidity for insiders.”

He criticized Ripple for failing to fund community guidance, while pointing out repeated scams draining user funds. In the absence of Ripple-led support, ZachXBT suggested victims file formal reports instead of seeking community aid.

Ripple co-founder Chris Larsen recently made headlines with multimillion-dollar donations to law enforcement, even as his own wallets saw major XRP losses tied to hacks.

Meanwhile, ZachXBT said he avoids wasting time on communities like Cardano, Pulsechain, and Hedera, focusing only on cases involving $100K+ thefts.

💡 Feature of the Day: 

Kanye’s YZY Losses [Source][Source]

The YZY token, linked to Kanye West, saw over 51,000 traders lose funds after its value collapsed by 80% on Solana.

Despite surging 1,400% shortly after launch, only 11 wallets netted more than $1M in profit while the majority faced steep losses. The incident highlighted once again the high risks of celebrity-backed memecoins with little utility.

Blockchain tracker Bubblemaps tied Hayden Davis, co-creator of Melania’s meme token, to profiting $12M from the YZY launch.

Other insider-linked wallets also made millions. Celebrity tokens on Solana, including those endorsed by 50 Cent, Jenner, and Ronaldinho, have consistently lost over 70% in value, fueling skepticism about their long-term viability.

😂 Crypto Meme of the Day: 

Meme of the day provided by @kirtash93

And that’s it for this today.

See you all tomorrow’s edition!


Jonathan Gibson
UseTheBitcoin.com