Web3 AI Raises $7.8 Million While Chainlink Powers Historic CBDC Trial Between Hong Kong And Australia
Web3 AI has pulled in $7.8 million within days through its presale campaign, according to Crypto Economy. The project offers 12 AI-powered tools for cryptocurrency trading and portfolio management at stage 8 pricing of $0.000422 per token. Meanwhile, Chainlink achieved a major breakthrough by powering the first cross-border central bank digital currency exchange between Hong Kong and Australia. Avalanche approaches the critical $22 resistance level that analysts view as a potential breakout point for higher price targets.
Chainlink Achieves CBDC Milestone With Cross-Border Infrastructure
Chainlink successfully facilitated a cross-border exchange between Hong Kong's e-HKD digital currency and an Australian dollar stablecoin using its Cross-Chain Interoperability Protocol. CryptoSlate reports the pilot program involved major financial institutions including Visa, ANZ, Fidelity International, and ChinaAMC. The trial connected ANZ's private DASChain blockchain with Ethereum's public testnet.
The pilot demonstrated how Australian investors could exchange AUD-backed stablecoins for e-HKD and purchase tokenized money market funds in Hong Kong. The Crypto Basic notes the process achieved near-instant settlement and eliminated traditional intermediaries. The Hong Kong Monetary Authority's e-HKD+ program explores reducing cross-border transaction times from days to seconds.
Visa's Tokenized Asset Platform enabled the creation and transfer of digital currencies during the test. CoinGape confirmed LINK prices rallied nearly 2% following the announcement. The pilot included on-chain identity verification through Chainlink's compliance services and tested both ERC-20 and ERC-3643 token standards.
Avalanche Consolidates Near $22 Resistance Level
Avalanche trades at approximately $21.18 according to Blockchain Magazine, with over $457.9 million in 24-hour trading volume. The price has maintained stability between $19.67 and $22.55 over the past week. Analysts consider the $22 level a crucial resistance point that could trigger movement toward $30 and $35 targets if broken.
CoinCentral reports AVAX currently trades at $22.22 with expert recommendations to buy between $18-$22, targeting $45-$55. The Avalanche Summit 2025 in London highlighted partnerships with traditional finance companies including Mastercard, SMBC, and Visa. Standard Chartered analysts predicted AVAX could reach $55 by the end of 2025 and potentially $250 by 2029.
The SEC has scheduled a new review date of July 15, 2025, for Grayscale's spot AVAX ETF application. Technical analysis from CoinDesk shows Avalanche recovered from oversold conditions after breaking above resistance at $21.65. The project's subnet growth and consistent on-chain activity support the positive outlook among technical analysts.
Market Context And Broader Implications
The cryptocurrency market demonstrated resilience in Q2 2025 following challenging Q1 performance. Nasdaq reported Bitcoin suffered its worst first quarter in seven years, though institutional adoption continued through companies like MicroStrategy and BlackRock. Stablecoin market capitalization surged past $200 billion, outpacing Bitcoin's price trajectory during the same period.
Security.org found 28% of American adults now own cryptocurrencies, nearly doubling from 2021 levels. Industry experts predict Bitcoin could reach $150,000-$185,000 in 2025, with Standard Chartered targeting $200,000. AI tokens have surpassed $39 billion in total value according to Cherry Bekaert, representing the intersection of artificial intelligence and blockchain technology.
Chainlink's CBDC success demonstrates growing institutional acceptance of blockchain infrastructure for traditional finance applications. The pilot's implications extend beyond cryptocurrency markets to international payment systems and central banking digital infrastructure. For Avalanche, breaking above $22 resistance could confirm renewed institutional interest in scalable blockchain platforms for enterprise applications.
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