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ALGO: Algorand names former Chainlink executive William Herkelrath as CEO

US-listed XRP ETFs saw $1.55 million in inflows on September 8, the largest among 12 spot crypto fund groups. Only Hedera (HBAR) products joined them, with $431,180.

Four groups lost money, and six recorded no flow at all. Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) had not all fallen on the same day since July 9.

Bitcoin, Ethereum, and Solana Bled Together for the First Time Since JulyBTC funds lost $46.65 million, the heaviest loss in the group. Ethereum products followed with $24.29 million. Solana products shed a slimmer $667,719.

Those three had not fallen together in the previous 41 sessions. Hyperliquid (HYPE) funds lost $12.96 million, erasing the $10.52 million they collected on September 4.

Those four accounted for every dollar that left, $84.56 million in total, according to SoSoValue records. 

US Spot Crypto ETF Net Flows Across 12 Groups, September 8, 2026. Source: SoSoValue/BeInCryptoFollow us on X to get the latest news as it happens

For XRP, Franklin’s XRPZ fund absorbed the entire $1.55 million inflow. The Bitwise, Canary, 21Shares, and Grayscale products all printed zeros.

The Avalanche (AVAX), BNB (BNB), Dogecoin (DOGE), Polkadot (DOGE), Chainlink (LINK), and Litecoin (LINK) funds all printed zeros. Momentum had already drained from the altcoin groups the previous week.

Monthly figures read softer than the daily numbers. Bitcoin funds still hold a $723.5 million gain for September, while Ethereum products sit on $106.43 million.

XRP funds have added $14.86 million this month, ahead of Solana at $4.58 million. Dogecoin and Hyperliquid are the only groups underwater for September.

The two groups that drew money also led the field on price. Hedera has gained 7.4% over seven days, XRP 7%, and Bitcoin 2.2%.

XRP Price Performance. Source: BeInCrypto MarketsXRP changed hands near $1.44 on Tuesday, up 4.06% over 24 hours. Hyperliquid rose 3.3% to $86.77, while Solana added 2.03%.

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US Treasuries extended their decline after the repurchase announcement, with the market viewing the $6 billion cap as insufficient.

The U.S. Treasury Department said it will purchase between $40 billion and $60 billion in long-term government debt in the first operation of its expanded repurchase program, demonstrating Secretary Bessent’s resolve to curb the recent rise in borrowing costs. U.S. Treasuries extended their earlier decline following the announcement, indicating the program’s size fell short of some investors’ expectations. The success of the expanded purchase program remains to be seen. After the program was first announced last month, yields fell before rebounding later. The benchmark 10-year yield hit its highest level since 2023 last week. Economist Guha, a former staffer at the New York Fed, noted: “The challenge always lies in whether the impact of these interventions can persist without larger fundamental changes.” Moreover, the maximum size of the repurchase operation does not mean the Treasury will necessarily purchase that amount of Treasuries. However, in repurchases targeting long-term nominal debt, the department typically buys the full amount; since the program was relaunched in 2024, it has only failed to do so in two of 52 such operations. (Jinshi)

3 minutes ago

Eric Trump mocks Joe Biden’s son Hunter Biden over the botched launch of the LAPTOP token, saying he should go back to painting.

US President Donald Trump’s second son Eric Trump reposted a post about the meme coin LAPTOP’s sharp price crash after its launch, commenting: “Hunter should go back to painting.” His remarks target Hunter Biden, son of former US President Joe Biden, who launched the meme coin LAPTOP. The reposted post notes that LAPTOP plummeted 98% within minutes of going live, adding that the project had originally planned to allocate a portion of its tokens to users who incurred losses from TRUMP-related transactions.

3 minutes ago

Bubblemaps: 80% of LAPTOP traders are losing money, with two traders suffering losses ranging from $100,000 to $1 million.

Bubblemaps posted that profit and loss data for LAPTOP traders shows roughly 80% of participants are in the red, describing the token’s market performance as a "bloodbath". Specifically, two traders lost between $100,000 and $1 million, 100 lost over $10,000, 700 lost more than $1,000, and around 11,000 traders posted small losses. Bubblemaps did not further disclose the statistics’ time frame or the scope of the wallet sample used.

3 minutes ago

a16z Crypto releases open-source zkVM Lattice Jolt, with quantum-resistant capabilities.

a16z Crypto has announced the release of a new version of its open-source zero-knowledge virtual machine (zkVM), Lattice Jolt. The update switches the underlying cryptography from elliptic curves to lattice cryptography, making the system quantum-resistant, and boosts both prover and verifier speeds by 2 to 3 times. Its proof size currently stands at under 100KB, which a16z Crypto claims is the smallest proof of any post-quantum zkVM. Lattice Jolt uses a novel polynomial commitment scheme called Akita, built on the Module-SIS lattice hardness assumption, with a target 128-bit security level. Akita was developed by LayerZero’s research and engineering team in collaboration with teams from Carnegie Mellon University, the University of Southern California, and a16z Crypto. Performance-wise, Lattice Jolt can prove over 2 million RISC-V cycles per second on a CPU-only device; with Apple Metal GPU acceleration, it exceeds 10 million cycles on a MacBook. The prover’s memory footprint has also dropped from roughly 300 bytes per cycle to 200 bytes, supporting proof generation for millions of compute cycles on mobile phones. The project will add additional zero-knowledge functionality via an upcoming academic paper.

3 minutes ago

Vitalik: Hopes EIP-8288 will be included in the I-star Upgrade to significantly reduce the cost of quantum-secure transactions

Ethereum co-founder Vitalik Buterin has published a post detailing the recursive STARK mempool proposal EIP-8288, which he aims to include in Ethereum’s I-star upgrade following the Hegota upgrade. The proposal cuts on-chain computation and data costs by offloading signatures and proofs from Ethereum’s core execution path and recursively aggregating STARKs within the mempool. Vitalik noted that the solution supports low-cost quantum-secure signatures and privacy protocols, with the cost of quantum-secure private transactions projected to drop from around 10 million Gas to tens of thousands of Gas. It is also compatible with new signature or proof schemes such as Falcon and ML-DSA without modifying the EVM, while enabling private account abstraction. Per the design, nodes will periodically aggregate transaction dependencies and generate recursive STARKs, and block builders will produce proofs for transactions slated for inclusion in blocks. Each block’s additional on-chain overhead is approximately a 100–300 KB STARK, plus 96 bytes of data per statement to be proven. The scheme may also drive Ethereum to adopt RISC-V as the standard instruction set for recursive STARKs.

3 minutes ago

Key Highlights Chainlink’s LINK token surged to $13.64 on September 7, marking its strongest level since mid-January 2026 Futures open interest soared to $784 million, the highest reading in 11 months The network’s DeFi Total Value Secured expanded from $33.98B to $40.02B within 30 days A major holder transferred 2.41 million LINK tokens ($26M) to Coinbase, potentially signaling distribution Market analysts project price targets spanning $15 to $22 based on technical breakout levels On September 7, 2026, Chainlink’s LINK token climbed to $13.64, marking its most robust price performance since January 18, 2026. The digital asset has posted impressive gains of 94% from its June 22 low, propelled by expanding institutional integration and enterprise adoption.

Chainlink (LINK) Price The protocol’s DeFi Total Value Secured (TVS) expanded dramatically from $33.98 billion on August 7 to $40.02 billion, representing a substantial $6.04 billion increase over a single month, based on DeFiLlama analytics.

Market analyst Chris Barret highlighted that Chainlink’s infrastructure has now processed $34 trillion in cumulative transaction volume. The protocol also established a collaboration with the United States Commerce Department to integrate inflation metrics, GDP figures, and sales statistics onto blockchain networks.

On the enterprise front, Chainlink formed a strategic alliance with Bottomline, a payment processor managing over $16 trillion annually, to deploy its CCIP and CRE solutions across more than 600 financial institutions for international payment settlement. Additionally, BitGo is transitioning over $15 billion in digital assets to Chainlink’s CCIP framework.

Wyoming’s Stable Token Commission implemented Chainlink’s Proof of Reserve technology, further validating the network’s institutional credibility and expanding its regulatory use cases.

Derivatives Market Activity Hits 11-Month Peak Futures open interest climbed to $784 million, representing the highest level recorded since October 2025, according to CoinGlass analytics. LINK’s derivative trading volumes simultaneously increased by 8%, reaching $1.04 billion.

The long-to-short ratio on Binance currently stands at 1.67, while OKX shows 1.36, indicating that short positions outnumber long positions across both major exchanges.

Cumulative volume delta (CVD) for futures markets shows $113.1 million in net selling activity, yet LINK’s price trajectory continues upward, suggesting strong buyer absorption and demand.

Large Holder Movements and Investment Fund Activity A significant wallet address transferred 2.41 million LINK tokens, valued at approximately $26 million, to Coinbase exchange over a three-week period. Another substantial holder moved 620,000 LINK tokens, worth roughly $7.6 million, to the same platform. While these movements could introduce selling pressure, no major liquidation has materialized yet.

LINK-focused exchange-traded funds recorded zero net inflows during the week spanning August 31 to September 4, contrasting sharply with $986 million in Bitcoin ETF inflows and $218 million for Ethereum ETFs during the identical timeframe.

Cryptocurrency trader Symba (@Nebulabsxyz) shared on X that LINK has completed its accumulation phase around the $8–$10 range, navigated through a manipulation zone below $7.5, and has entered an expansion cycle. He outlined $15 and $18 as his projected upside objectives.

$LINK is moving through the phases pretty cleanly here.

Accumulation around $8–$10, manipulation below $7.5, then expansion. Now price is breaking past the $10.6–$12 re-accumulation area.

I'm now looking for $15 and $18 as the next upside targets 🚀 pic.twitter.com/dCBZy5OuHp

— Trader Symba (@Nebulabsxyz) September 7, 2026

Technical Analysis and Projected Price Objectives Examining the weekly timeframe, LINK has completed a double-bottom formation. A sustained breakout above the $10.72 neckline projects a technical target of $15.83. The token has also crossed above its 200-week exponential moving average, currently positioned at $12.85.

Technical analyst Axel projects on X that LINK could rally toward $22, contingent upon securing a weekly close above $13.50.

The $12 threshold represents critical support territory. Failure to maintain this level could trigger retracement toward $11.50 or potentially $10.70. Despite recent strength, LINK remains 74% below its historic peak of $52.88 achieved in May 2021.

Chainlink nears a 100% rally as LINK gains 80% since June amid renewed speculation that it could eventually flip XRP. 

Chainlink has posted two consecutive months of strong gains, nearly doubling from around $7 as buying momentum continues to build. This sustained advance has strengthened Chainlink’s market position and renewed speculation that LINK could eventually challenge XRP for market-cap dominance.

Chainlink Gains 80% Since June Low On June 26, LINK traded at a low of $7.02 as the broader crypto market remained under pressure. However, it quickly rebounded as market sentiment improved and eventually reached an eight-month high of $13.68 yesterday.

Although LINK has since retraced to around $12.67, it has retained most of its gains and remains 80.48% above its June 26 low.

XRP, meanwhile, has posted a more modest recovery over the same period. The token traded at $1.00 on June 26 before climbing to a multi-month high of $1.68 on August 22, representing a 68% increase. XRP has since pulled back to around $1.39, leaving it 39% above its June low.

LINK Still Faces a Huge Gap With XRP Despite LINK’s stronger performance, Chainlink still has a substantial market-cap gap to close before it can overtake XRP.

LINK currently ranks as the 13th-largest cryptocurrency, with a market cap of $9.45 billion. XRP, by comparison, ranks fifth with a valuation of around $86.91 billion.

Therefore, LINK would need to increase its market cap by roughly 820% to reach $87 billion and challenge XRP. Assuming its circulating supply remains unchanged at 748.1 million tokens, such a valuation would put LINK at about $116 per token.

For now, XRP maintains a commanding lead. Nevertheless, LINK’s rapid appreciation shows how quickly the gap between major cryptocurrencies can narrow during a strong market cycle.

XRP Eyes $1.46 Breakout Meanwhile, analyst Ali Martinez sees a potential breakout forming for XRP while warning that Chainlink’s recent rally could be losing momentum.

Martinez said XRP appears to be forming a descending triangle on the hourly chart. He is watching for an hourly close above $1.40, which could confirm a breakout and potentially push XRP toward $1.46. 

Martinez Highlights Three Warning Signals for Chainlink  At the same time, Martinez identified three signals suggesting that LINK could enter a cooldown following its sharp 95% rally from around $7 to $13.

First, the TD Sequential indicator flashed a weekly sell signal, pointing to a rising risk of profit-taking. Second, whale activity has declined sharply. Transactions worth more than $1 million fell from roughly 59 over the past two weeks to about 10, indicating weaker large-holder activity.

Finally, 1.75 million LINK have moved onto exchanges. As a result, exchange balances increased from 269.25 million to roughly 271 million LINK, potentially signaling greater selling pressure. 

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Chainlink‘s LINK token advanced over 10% within the last 24 hours, driven by a sharp move in both price and trading activity, as market sentiment strengthened around the asset’s immediate technical outlook.

LINK price jumps, trading and derivatives surgeLINK climbed to $13.31 after recording a 7.06% rally within a 30-minute period. The token had earlier touched a 24-hour low of $12.11 before rebounding. This volatility increased the focus on LINK’s market performance as traders measured the risk and opportunity in short-term moves.

Daily trading volume in LINK spiked by 25%, reaching $503.9 million. Derivatives market activity also saw a significant uptick, with open interest on LINK futures contracts growing by 8.26% to $696.89 million. These developments pointed to elevated participation from market traders seeking to take advantage of the recent momentum.

The token broke above a prolonged consolidation range between $7.20 and $8.50 during this upward move. LINK is currently trading above its 20-day moving average of $11.39, and the expansion in Bollinger Bands suggests an increase in market volatility.

MetricCurrent ValueChangeLINK price$13.31+10.83% (24h)Trading volume$503.9 million+25% (24h)Futures open interest$696.89 million+8.26% (24h)Technical momentum remained predominantly positive. The MACD histogram registered a mildly negative value at -0.01822, pointing to a brief slowdown; however, both MACD indicator lines stayed above the zero mark, signaling continued bullish sentiment around LINK.

Analyst targets and key price levelsCrypto market analysts have taken note of the ongoing rally. Michaël van de Poppe, a well-known trader, expressed optimism about further gains, identifying the $14.50 to $15 zone as the likely short-term target for LINK. He also described $11 and $10 as potential “bid zones” in the event of a pullback.

Analyst Michaël van de Poppe indicated a strong continuation toward the $14.50–$15 region is likely for LINK, and emphasized looking for new bidding opportunities if the price dips to the $11 or $10 ranges.

Investor Jordan identified $12 as a major support level for LINK. Should current momentum persist, he noted $15 as the next upside target, with $20 considered a possible longer-term objective if bullish trends continue.

From a technical perspective, the chart highlights resistance clustered near $12.59. A confirmed breakout above this level, accompanied by sustained volume, could accelerate LINK’s trajectory toward the $15 mark, according to multiple analysts.

FRNT stablecoin adopts Chainlink technologyIn a related ecosystem update, Wyoming’s FRNT stablecoin completed the integration of Chainlink’s Proof of Reserve technology. This incorporation allows for real-time, on-chain verification of the reserves backing the stablecoin, raising transparency standards in stablecoin issuance.

FRNT stands out as the first stablecoin issued by a U.S. public entity to make reserve attestation data available on the blockchain. The platform’s compliance reportedly surpasses requirements established by the GENIUS Act, fostering increased confidence among users and regulators.

Mini dictionary: Chainlink Proof of Reserve, a verification protocol designed to monitor and publicly confirm an asset’s collateral status on the blockchain, enabling transparent and automatic audits for tokenized and stablecoin projects.

LINK continues to hold support at the $12 mark. Market participants are watching whether the token can maintain gains above this level as the price approaches zones of notable resistance near $13.30 and beyond.

LINK has cleared its extended trading range and now trades above key technical averages, with trading volume and derivatives participation signaling renewed bullish conviction among market participants.

An unidentified whale has deposited another 620,420 Chainlink ($LINK) tokens, worth about $7.6 million, into Coinbase, according to on-chain monitoring data published on September 7. The transaction was flagged by Onchain Lens, with the funds traced to wallet address 0xF5B007a6341AcC8CfEC581d8A1c5560bC19d9650.

A Pattern of Large TransfersOver the past three weeks, the same whale has transferred approximately 2.41 million $LINK to Coinbase, with cumulative deposits worth about $26.04 million at current valuations. The wallet previously accumulated the deposited $LINK from Binance before routing tokens toward Coinbase. That accumulation phase saw the holder build a position at an average price of around $8.40 per token.

Selling Pressure or Repositioning?Exchange deposits can precede sales, but blockchain records cannot confirm whether transferred tokens were sold. Large exchange transfers can still affect trader expectations before any tokens are sold. Market participants may reduce exposure when they interpret a deposit as potential supply, and that reaction can create volatility even when the wallet's actual purpose remains unknown.

The address has not been identified as belonging to Chainlink Labs, the Chainlink Foundation, or a known project treasury.

The move comes as $LINK has been trading at elevated levels relative to earlier in the year. $LINK traded near $13.07 on Sept. 7, up approximately 7.1% during the session. That rally follows a broader recovery, with the token climbing from about $8.30 to nearly $12.50 in late August before buyers began taking profits.

For broader context, Chainlink's Cross-Chain Interoperability Protocol processed $4.9 billion in volume during the second quarter, up 353% from the same period a year earlier, according to figures cited by Standard Chartered. The bank also estimated that Chainlink secured more than $110 billion in value across oracle feeds and cross-chain services.

For now, market watchers will monitor whether the deposited tokens leave Coinbase through subsequent transactions, which would provide a clearer indication of the whale's intentions.

Sources:
Chainlink whale sends $7.6m in LINK to Coinbase — Crypto.news
Chainlink LINK Price Prediction for September 2026 — Bitcoin Ethereum News

Well-known trader Killa: Altcoins may have already bottomed out ahead of schedule, making now a good time to accumulate positions.

Renowned crypto trader Killa said in a recent post that while he dislikes the vast majority of altcoins and even believes 99.9% of projects will eventually go to zero, selective participation is worth it as long as there are profit opportunities in the market. He noted that historically, one of the favorable periods to allocate to altcoins is when Bitcoin starts forming a bottom and begins a gradual rally. Killa pointed out that during the last cycle, when Bitcoin rallied from $16,000 to $74,000, many altcoins saw gains of 300% to 500%. However, after Bitcoin began significantly outperforming the market and its market dominance rose further, many altcoins started to plunge sharply. He believes that if his assessment is correct and Bitcoin has now formed a cyclical bottom, many altcoins may have also completed bottoming at low levels, meaning there is significant upside potential for selectively allocating to quality assets ahead of the actual bull market expansion phase. Killa revealed that he previously bought SOL at $76, and the position is now up roughly 50% from entry. His previously disclosed entry price for HYPE spot and long positions was $51.55, with subsequent gains of around 70%. He also recently shared a swing long position in ASTER, and expects this position to deliver upside of at least 50% to 100%. “Altcoins may have already bottomed out in advance, while the real rally has not yet started. Now is the time for selective allocation,” he said. He added that different altcoins will likely rally in rotation going forward, and he will continue holding his previously disclosed positions in SOL, ASTER, and HYPE, while looking for more worthy assets to allocate to.

30 minutes ago

Bitcoin drops back below $80,000; this week's inflation data may be key to determining its next market direction.

Bitcoin fell in low-liquidity conditions on Monday, dropping nearly 2% intraday, falling back below the $80,000 threshold again and erasing almost all of its gains from the weekend when it first broke above that level. This comes after Bitcoin notched its first weekly close above $80,000 since May. Due to the U.S. Labor Day holiday, U.S. stock markets were closed, reducing market liquidity and leading to thinner order books, amplifying the risk of short-term price swings. Data from CoinGlass shows that long and short liquidations in the crypto market over the past 24 hours were relatively balanced, with total liquidations amounting to around $178 million. Currently, near-term market liquidity is concentrated at two key levels: $80,500 and $78,800. QCP Capital noted that market volatility has continued to contract recently, with traders waiting for new external catalysts. U.S. inflation data set to be released this Thursday and Friday could be a key factor influencing the market’s direction and further shaping expectations for the Federal Reserve’s interest rate hike path. Despite Bitcoin’s recent sideways consolidation, analysts are still highlighting its resilience. Ryan Lee, chief analyst at Bitget, stated that Bitcoin’s ability to hold its high range—even amid stronger-than-expected U.S. jobs data, which typically boosts U.S. Treasury yields and the dollar and pressures risk assets—shows the market is not viewing potential Fed rate hikes as the sole determinant of current price action. Additionally, inflows into U.S. spot Bitcoin ETFs remain a key market focus, with net inflows hitting around $730 million in a single day earlier, marking the highest daily inflow since January this year.

30 minutes ago

OpenAI’s Chief Scientist warns that AI is advancing too rapidly, saying “extreme caution” is needed now.

Insight: Beating AI News Flash — OpenAI Chief Scientist Jakub Pachocki warned that artificial intelligence is advancing too rapidly, growing increasingly difficult for humans to understand and control, stating that "extreme caution is needed now." He noted that AI models can already operate computers, collaborate with humans and other AIs, and conduct research, and that in the near future, they may achieve "recursive self-improvement" without human intervention. Pachocki expressed concern that no one is prepared for the consequences of the continuous rapid advancement of machine intelligence. Developers can align AI more closely with human interests, or slow down future research and development (R&D) if necessary. He anticipates and hopes that "voluntary slowdowns" in R&D by AI labs will become the norm before the industry establishes common safety standards. OpenAI has currently adopted a limited rollout approach for GPT-6 Astra due to its advanced cybersecurity capabilities.

30 minutes ago

Biden-themed Meme coin LAPTOP unveils detailed tokenomics

Hunter Biden’s upcoming Meme coin project, set to launch on September 9, has released detailed tokenomics for its LAPTOP token on its official website. The LAPTOP token has a total supply of 1 billion units, with 35% (350 million tokens) unlocked at the Token Generation Event (TGE), and full unlocking will take 36 months. The token allocations are as follows: 30% to founders, 30% to prediction markets, 10% to initial airdrops, 10% to future airdrops, 10% to liquidity, 5% to the foundation treasury, and 5% to charity. Notably, the handling of the 30% total allocation will be determined by the settlement results of 30 Polymarket prediction markets covering political, crypto, and cultural categories. If a market settles to YES, the corresponding tokens will be burned directly; if settled to NO, they will be donated to charity.

30 minutes ago

The Hunter Biden-linked meme coin LAPTOP warns the community to beware of counterfeit tokens and malicious links.

Hunter Biden, son of former US President Joe Biden, is set to launch a meme coin called LAPTOP. The project team has issued a reminder to the community to beware of counterfeit tokens and malicious links, stating that the LAPTOP project will never proactively contact users, nor will it ever request private keys, mnemonic phrases, or personal information, urging users to only trust communications from official channels. As BlockBeats previously reported, after Hunter Biden officially announced the coin launch, numerous LAPTOP-named tokens emerged on various popular meme coin blockchains, with most of them following a trend of surging first and then plummeting to near-zero value.

30 minutes ago

Markets currently view the probability of the Republican Party securing a landslide victory in the midterm elections as low as just 11%.

According to data from Predict.fun, in its prediction market for the 2026 U.S. Midterm Elections, the current probability of a "Democratic landslide" is as high as 51%, the probability of Republicans winning the Senate and Democrats holding the House is currently reported at 35%, while the probability of a "Republican landslide" is only 11%.

30 minutes ago

Chainlink (LINK) rose $13.64 on September 7, marking the first time that it has reached this price since January 18, 2026. The gains came amid an increase in open interest to $784 per CoinGlass data.

LINK Price Soars Amid Rising Adoption The value of Chainlink is now up by 94% between June 22 and September 7. The gain comes amid the increased use of Chainlink, with analyst Chris Barret noting that the network has now facilitated $34 trillion in transactions.

Data from DeFiLlama also shows that the gains in price coincide with a surge in Chainlink’s DeFi TVS from $33.98 billion on August 7 to $40.02 billion at the time of writing. This TVL has increased by $6.04 billion in one month.

Chainlink TVS (Source: DeFiLlama) An earlier report by CoinGape also revealed that Chainlink partnered with the US Commerce Department to bring inflation, GDP, and sales data to the blockchain.

Despite these gains, Chainlink price is still trading 74% below its all-time high of $52.88 that was attained in May 2021.

LINK’s Open Interest Soars to 11-Month High Despite Profit Taking Data from CoinGlass shows Chainlink’s open interest has risen to $784 million. This is the highest OI reading for Chainlink since October 2025.

Chainlink Open Interest (Source: CoinGlass) The rise in OI also coincides with a 08% increase in LINK’s derivative volumes to $1.04 billion at the time of writing.

Meanwhile, the long/short reading of 1.67 and 1.36 on Binance and OKX, respectively, suggests that there are more short accounts than long accounts on the two exchanges.

The increased demand for LINK by futures traders also contrasts with whale activity because data from On-Chain Lens shows that one large address has sent 2.41 million LINK to Coinbase within three weeks. The coins are worth $26.04 million at the current price of Chainlink.

Analyst Forecasts Chainlink Price Rally to $22 Despite Weak ETF Inflows Analyst Axel on X forecasts that Chainlink could reach $22. But he says this rise will only occur if LINK can close above the resistance at $13.50 on the weekly chart.

This long-term Chainlink price forecast by the analyst comes on the back of weakening demand for LINK ETFs.

Data from SoSoValue shows LINK ETFs posted zero inflows in the week between August 31 and September 4. During the same week, BTC and ETH ETFs posted $986 million and $218 million in inflows, respectively.

LINK ETF Flows (Source: SoSoValue) However, in August 2026, LINK ETFs posted their best monthly inflow since December 2025 of $18.27 million.

Chainlink Price Creates Double Bottom Pattern as Bulls Test 200-week EMA The price of Chainlink has created a double bottom pattern on the one-week chart. This pattern suggests that the trend is about to change from a bearish one to a bullish one.

Chainlink has also closed above the resistance of this pattern at $10.72, suggesting that a 47% surge that is equal to the height of the double bottom pattern might be underway, and Chainlink price could reach $15.83.

Chainlink has also moved above the resistance at the 200-week EMA of $12.85, suggesting that the long-term outlook is also bullish.

The RSI reading of 65 also suggests that the momentum is favoring bulls, and Chainlink could move to $15.83, as the double bottom suggests.

LINK/USDT 1W Chart (Source: TradingView) However, if this bullish thesis fails and LINK drops below the 200-week EMA, the price could drop to the psychological support at $10.

In brief Bottomline, a top-three SWIFT services provider that processes more than $16 trillion in payments annually, announced a deal with Chainlink to connect its 600-plus bank customers to blockchain settlement. LINK touched $13.64 on September 7, its highest price since January 18, and outpaced every other top-10 cryptocurrency by market cap over the past 24 hours while Bitcoin stayed capped below $80,000. Chainlink's CCIP will move tokenized value across blockchains and its CRE will orchestrate the payment workflow, letting banks keep sending standard messages instead of building new infrastructure. Bitcoin is back under $80,000 today, down about 1%, after a stellar August rally brought investors gains of over 20% in the last 30 days.

But as trading action on the crypto majors cools, there’s at least one altcoin climbing up the charts: the native token of the decentralized oracle network Chainlink, up a whopping 6.8% in the last 24 hours. Can it keep crypto’s hot summer going a little longer?

Myriad: Bitcoin next price move? Click to make your prediction.Bitcoin got rejected from $82,000 twice over the past two weeks and opened this one pinned below $80,000, still under the 50-week moving average near $81,000 it lost back in May.

The coin is also in a compression zone after a major spike in late August. Analysts are debating between the possibility of a trend reversal that would keep pushing prices up, and a so-called Bart Simpson pattern that would tank prices back down close to $65,000 in a few days.

Bitcoin price data. Image: TradingviewIn terms of fundamentals, traders are watching two catalysts this month: fresh inflation data and the Federal Reserve's September 16 rate decision, after Friday's stronger-than-expected August jobs report raised the odds of a hike.

Chainlink, meanwhile, had a different week entirely.

Chainlink, which trades as LINK, climbed to $13.64 Monday, its highest level since January 18. That's a roughly 6.8% gain in 24 hours, the best showing among the 10 largest cryptocurrencies by market cap—while most of the group traded flat to lower. In the derivatives market, open interest on LINK contracts also hit an 11-month high of $784 million.

Chainlink price data. Image: TradingviewThe rally may trace back to a deal Chainlink announced last week with Bottomline, a top-three SWIFT services provider that handles payments automation and treasury management for more than 600 banks.

Per Chainlink's announcement, Bottomline will connect its existing systems to public and private blockchains through Chainlink's infrastructure. Bottomline also serves roughly 1,200 financial institutions and 10,000 businesses worldwide.

Two existing Chainlink products do the work. Cross-Chain Interoperability Protocol, or CCIP, has been live since July 2023 and now spans more than 60 blockchains, handling the movement of tokenized value between them. Chainlink Runtime Environment, or CRE, coordinates what the company calls "payment workflows end-to-end," handling routing and confirmations along the way.

Banks keep sending the same ISO 20022 messages they already use, the global standard for cross-border payment instructions that reached 97% adoption since a November 2025 switchover. Chainlink sits underneath as the connector rather than a replacement. Neither company has disclosed a go-live date or named a pilot bank.

Not Chainlink's first brush with SWIFTSWIFT itself has tested Chainlink before. In 2023, SWIFT ran interoperability experiments with Chainlink and more than 10 institutions, including Citi and BNY Mellon, moving tokenized assets onto Ethereum's Sepolia testnet.

Standard Chartered listed SWIFT among the institutions already using Chainlink services last month when the bank set a $200 price target for LINK by 2030, citing Chainlink's $110 billion in secured value.

What’s more, in late August, the financial services giant Charles Schwab announced plans to expand its retail crypto trading offering beyond just Bitcoin and Ethereum. The brokerage only chose three more assets to list on its trading platform: Solana, Avalanche, and Chainlink.

The combination of bullish news may be a big part of the reason why Chainlink is currently outperforming just about every other coin in the top 20 by market cap, other than Zcash: LINK is currently up 57% in the last 30 days.

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7 September 2026 | 20:02 Chainlink price has stalled below $13.70 after a sharp recovery from its June low. The rally remains intact, but $12.25 now separates a normal pause from a broader cooldown.

Key Takeaways $13.70 stopped the latest advance. Ali Charts cited weaker participation signals. CryptoQuant shows recent net exchange inflows. $12.25 is the level to defend. Chainlink’s rally has stalled near its recent high. LINK climbed from a June low near $6.95 to almost $13.70 before retreating toward $12.8. The rejection coincided with signals flagged by Ali Charts: a weekly exhaustion reading, higher exchange balances and less large-holder activity.

Chainlink (LINK/USD) daily price chart. LINK had already regained momentum in mid-August, when it reclaimed its major moving averages and put $10 back in view. Its advance also coincided with a wider recovery across large-cap crypto, so no single Chainlink development or on-chain signal can explain the full move.

LINK has reached the high of its current move The $13.70 area is the high of LINK’s advance from the June low near $6.95. Buyers need to reclaim and hold above it to show that the latest rejection was temporary rather than the start of a larger pullback.

LINK still trades above its 50-, 100- and 200-day moving averages, clustered between roughly $8.85 and $9.78. That leaves the broader recovery intact. The immediate question is whether buyers can defend the first support created by the breakout.

LINK levels that now matter

Price level Why it matters $13.7 Recent rally high. A sustained break above it would extend the recovery. $12.2 78.6% Fibonacci level and the first support below the current range. $11.1 61.8% retracement and the next major support if $12.25 fails. $10.3 50% retracement and a deeper pullback level within the wider recovery. Three signals point to a less convincing rally Ali Charts highlighted a weekly TD Sequential nine after LINK’s roughly 97% rise from the June low. The indicator is used to identify a trend that may be becoming exhausted. It does not predict the size of a correction, or guarantee that one will follow, but the reading carries more weight after such a sharp advance.

Ali also cited Santiment data showing exchange balances rising by about 1.75 million LINK, from roughly 269.25 million to 271 million tokens. At prices near $12.88, that represents close to $23 million in LINK. The figure measures the stock of tokens held on exchanges, not whether those tokens have been sold.

Large transactions worth more than $1 million reportedly fell from around 59 two weeks ago to about 10. That points to less activity from major holders as LINK approaches resistance. It is not enough to call the move distribution, since a lower transaction count can also mean large holders are waiting for a clearer direction.

Netflows show LINK moving onto exchanges Exchange balances show how much LINK is already held on trading venues. CryptoQuant’s daily netflow data show whether those balances are still growing through recent transfers.

LINK recorded a positive netflow of roughly 780,000 tokens on September 1, followed by smaller positive readings through September 6. That is consistent with more LINK reaching exchanges while price was testing the high. It still does not establish that those tokens were sold: transfers can also reflect market-making, collateral movements or custody arrangements.

CryptoQuant’s exchange reserve measured in dollars rose to roughly $1.6 billion from around $1 billion in early August. That should not be counted as separate evidence of token inflows. LINK’s own price rose sharply over the same period, so the dollar value of reserves can increase even when the number of tokens on exchanges does not.

Network adoption has continued during the rally The exchange data describe short-term supply. Circle’s addition of Chainlink Proof of Reserve to cirBTC is a separate part of the picture, giving users a way to monitor the token’s disclosed Bitcoin reserves onchain. It supports Chainlink’s infrastructure case, but it does not show whether spot demand will defend $12.25.

LINK’s setup is also not isolated from the rest of the market. The token rose during a broader rebound in major cryptocurrencies. A fresh Bitcoin-led sell-off could therefore test LINK’s support even if Chainlink’s adoption outlook remains unchanged.

$12.25 decides whether this is a pause or a cooldown The warning case rests on a weekly TD Sequential nine, a higher LINK balance on exchanges and several days of positive exchange netflows. The reported drop in transactions above $1 million also suggests that the rally is attracting less activity from major holders near resistance.

Holding above $12.25 would leave LINK in position to retest $13.70. A sustained move through the recent high would show that the rejection was only a pause in the recovery.

The bearish case becomes stronger if LINK loses $12.25 while exchange netflows remain positive. That combination would show a failed support level alongside a larger supply of tokens reaching exchanges, putting $11.1 and then $10.3 in focus.

This article is for informational purposes only and does not constitute financial advice.

Author

Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.

Monero has edged past Chainlink in market capitalization, securing a position among the ten largest cryptocurrencies. Latest figures show Monero’s market cap at $10.07 billion, just ahead of Chainlink’s $9.96 billion, as both assets have charted divergent paths in recent weeks.

Price movements and breakout levelsChainlink has seen notable gains. LINK climbed nearly 18% over the last week and posted an 8.7% increase in the last 24 hours. The token, widely used for decentralized oracle networks, rebounded sharply from the $8–$9 band in August and recently broke above $13 on the daily chart.

Monero’s price action has been markedly different. Although XMR dropped 1.4% in the last week, its capitalization leapt last month after a steep rally. XMR rose from approximately $350 in early August to a recent peak near $570. This surge allowed Monero to surpass Chainlink in overall valuation despite its recent minor losses.

On a technical level, XMR remains in a strong uptrend. The coin trades well above its 20-day moving average, currently close to $470, while its longer-term averages range between $381 and $414. At present, XMR holds near $536, indicating persistent technical momentum.

AssetLatest Price1 Week ChangeMarket Cap20-day MAMonero (XMR)$536-1.4%$10.07 billion$470Chainlink (LINK)$13.50+18%$9.96 billion$11.15Technical momentum and risk indicatorsA relative strength index (RSI) near 70 for XMR signals continued momentum but also suggests a higher risk of a near-term pullback. For Chainlink, the short-term picture is even more stretched, as LINK’s RSI climbed above 75, placing it in technically “overbought” territory. The 20-day moving average for LINK remains about $11.15, but its latest rally carried it up to the $13.50 mark and toward upcoming resistance in the $13.50–$14 zone.

Despite these differences, Monero’s position in the top 10 is anything but certain. The gap between XMR and LINK’s capitalizations sits at just over $110 million, approximately 1% of their respective values. With LINK’s stronger performance over the past week, even a small extension of current trends could see the two switch places again.

Despite a recent dip, Monero’s rally over the past month elevated its market cap above Chainlink, but the narrow spread means their rankings could quickly reverse if Chainlink continues to outperform in the days ahead.

Both of these cryptocurrencies have attracted close analyst attention for their distinct market roles. Monero is known for providing privacy-focused transactions, while Chainlink operates as a decentralized oracle network connecting smart contracts with external data.

Mini dictionary: Decentralized oracle network – A system that allows blockchain-based smart contracts to securely interact with external real-world data sources, APIs, and payment systems, ensuring trustless connectivity and automation in decentralized applications.

Investors and traders continue to watch the shifting market dynamics closely as both Monero and Chainlink contend for a place among the most valuable cryptocurrencies.

A large Chainlink holder transferred another 620,420 LINK to Coinbase on Sept. 7, extending a series of deposits to the U.S. exchange over the past three weeks. 

Summary

A single wallet deposited 620,420 LINK worth roughly $7.6 million into Coinbase, Onchain Lens reported. Over three weeks, the address transferred 2.41 million LINK valued near $26.04 million into Coinbase. The wallet previously accumulated the deposited LINK from Binance before routing tokens toward Coinbase addresses. Exchange deposits can precede sales, but blockchain records cannot confirm whether transferred tokens were sold. LINK traded near $13.07 on September 7 after rising approximately 7.1% during the latest session. The latest transfer was worth approximately $7.6 million when blockchain analytics account Onchain Lens reported the movement.

The same address has now sent 2.41 million LINK, valued at about $26.04 million, to Coinbase during the period, according to the analyst’s post. Onchain Lens identified the originating wallet as 0xF5B007a6341AcC8CfEC581d8A1c5560bC19d9650.

The wallet had previously accumulated the tokens through withdrawals from Binance. Its later movement toward Coinbase represents a change from accumulation to exchange deposits, although the transfers do not confirm completed sales.

Chainlink whale moved 2.41 million LINK in three weeks The latest 620,420 LINK deposit represented approximately 25.7% of the address’s total three-week transfers. The preceding deposits amounted to roughly 1.79 million LINK based on the cumulative figure supplied by Onchain Lens.

At the reported valuations, the newest transfer valued each LINK at about $12.25. The complete three-week figure valued the transferred tokens at an average of approximately $10.80 each. These values reflect prices around the time of each movement rather than a confirmed execution price.

The address’s earlier Binance withdrawals suggest that the wallet accumulated LINK before sending part or all of those holdings to Coinbase. However, blockchain records alone cannot identify the beneficial owner or explain the reason for each movement.

The address may belong to an individual, institution, trading firm or custody arrangement. Describing it as a whale refers to the size of the holdings and transfers, not a verified identity.

The wallet’s transaction history can be reviewed through the Ethereum block explorer Etherscan. Exchange destination labels also depend on address attribution and can change when analytics providers obtain new information.

Coinbase deposits raise selling risk but prove no sale Transfers to centralized exchanges often receive attention because customers commonly deposit tokens before selling, converting or using them as collateral. A large deposit can therefore increase the amount of immediately tradable supply on an exchange.

Yet a Coinbase transfer does not establish that the holder sold the tokens. The wallet owner could move LINK for custody, collateral, internal account management, over-the-counter settlement or a future trade that has not occurred.

Confirmation of selling would require additional evidence. This could include movements from Coinbase hot wallets, order-book activity, changes in exchange balances or a statement from the wallet owner. None of those details accompanied the Onchain Lens report.

The transaction also should not be treated as a transfer by Chainlink itself. The address has not been identified as belonging to Chainlink Labs, the Chainlink Foundation or a known project treasury.

Large exchange transfers can still affect trader expectations before any tokens are sold. Market participants may reduce exposure when they interpret a deposit as potential supply. That reaction can create volatility even when the wallet’s actual purpose remains unknown.

Crypto.news previously documented the reverse pattern, with large holders withdrawing hundreds of millions of dollars in LINK while exchange balances declined. The latest Coinbase deposits show that individual whale behavior can differ from the broader holder trend.

LINK price retains bullish momentum near $13 LINK traded near $13.07 on Sept. 7, up approximately 7.1% during the latest session. Its intraday range extended from about $12.12 to $13.32.

The gain means the token was trading above the approximate valuation applied to the whale’s latest transfer. Its market price had also recovered strongly from the June and July lows near $7 to $8.

On the daily chart supplied with the market data, LINK’s moving average convergence divergence remained positive. The MACD line stood near 0.7841, above the signal line at approximately 0.7069, while the histogram remained positive at about 0.0771.

Those readings indicate that upward momentum remained present. The latest red candle and narrowing distance between momentum readings, however, suggest that the rally could be entering a slower phase.

The relative strength index was approximately 72.47, above its moving average near 67.71. An RSI reading above 70 is commonly treated as overbought, although it does not independently establish that a decline will follow.

chainlink price daily chart – source: crypto.news LINK would need to maintain the $12 to $13 region to preserve its recent short-term recovery structure. A sustained move below that area would weaken the rebound, while a break above recent highs would extend it.

No evidence establishes that the whale deposit caused a specific LINK price movement. The token traded within a broader crypto market and reacted to several factors beyond a single wallet transfer.

Chainlink adoption provides a separate demand narrative The whale movement occurred as Chainlink continued expanding its oracle and cross-chain infrastructure. These developments provide a fundamental backdrop but do not determine what the unidentified holder plans to do.

Chainlink’s Cross-Chain Interoperability Protocol connects applications and assets across multiple blockchain networks. The system processed $4.9 billion in volume during the second quarter, up 353% from the corresponding period one year earlier, according to figures cited by Standard Chartered.

The bank also estimated that Chainlink secured more than $110 billion in value across oracle feeds and cross-chain services. Its long-term LINK forecasts remain estimates rather than confirmed future prices.

Several large projects expanded their use of Chainlink during 2026. Aave adopted CCIP as the default infrastructure for cross-chain deposits, withdrawals, governance and GHO transfers, extending Chainlink’s role across the Aave ecosystem.

BitGo selected CCIP as the exclusive cross-chain provider for Wrapped Bitcoin. The decision moved its $7.3 billion WBTC ecosystem away from LayerZero and brought publicly announced CCIP migrations to roughly $14.6 billion.

Chainlink has also worked with traditional financial institutions. More than 50 banks joined a stablecoin foreign-exchange settlement test designed to combine blockchain settlement with existing Swift and ISO 20022 messaging systems. The project seeks to support atomic payment-versus-payment transactions, as detailed in Chainlink’s institutional settlement trial.

Bottomline Technologies recently partnered with Chainlink to connect blockchain-based payment tools with infrastructure serving hundreds of financial institutions. The agreement expanded Chainlink access across 600 banks.

These integrations can support demand for Chainlink services, but their effect on LINK varies by product design, fee structure and token usage. They do not remove the short-term supply risk associated with large exchange deposits.

Further wallet activity will clarify the holder’s strategy The next transactions from the whale address will help determine whether the Coinbase deposits are continuing. Additional transfers would raise the cumulative amount available within the exchange’s custody environment.

Withdrawals back to a private address would point in the opposite direction. They could indicate that the holder retained the tokens or completed an internal transfer rather than selling them.

Changes in Coinbase’s LINK balances and transaction clusters may provide further context. Even then, analysts would need to separate this wallet’s activity from unrelated customer deposits and exchange operations.

For now, the blockchain confirms that 620,420 LINK moved from the identified address toward Coinbase. The conclusion that the whale sold $7.6 million of LINK would go beyond the available evidence.

Chainlink (LINK) is gaining renewed bullish momentum as buyers defend the recent price breakout and key resistance levels come into view. The altcoin, a decentralized oracle network enabling smart contracts to securely connect with real-world data, continues to attract attention due to improved market activity, positive technical signals, and strengthening adoption within its ecosystem.

LINK Rally Gathers PaceAt press time, LINK was trading at $12.32 with a 24-hour trading volume of $360 million and a market capitalization of $9.2 billion. The token has risen 4.78% in the last 24 hours, reflecting growing investor confidence and heightened interest among both spot and derivatives traders.

Investor Jordan, a prominent crypto analyst, indicated that LINK is now approaching a critical resistance zone. Traders are observing whether bullish momentum can push the token and close above the $12 resistance. Consolidation is expected in the short term, but a successful breakthrough above $12 could unlock stronger gains, with $15 as the next target and $20 as a more optimistic milestone.

Clearing the $12 level with sustained buying pressure could open the path for LINK to rally toward $15, with $20 seen as an ambitious objective in a robust upward trend.

If LINK overcomes resistance and maintains momentum, analysts expect broader market confidence to increase, potentially making the fourth quarter eventful for Chainlink with high volatility and stronger participation.

Volume and Technical Indicators Point to StrengthMarket data shows notable growth in trading activity. LINK’s 24-hour trading volume jumped 25.02% to $503.90 million, while open interest advanced 8.26% to $696.89 million, suggesting deeper involvement from derivatives traders and a more active market environment.

Technical analysis based on TradingView data reveals that LINK has broken out of its prolonged consolidation range between $7.20 and $8.50. The Bollinger Bands have widened, with the price rising to $12.29 and maintaining levels above the 20-day moving average of $11.39. LINK is currently pressing against upper resistance at $12.59, while the predominant trend remains positive.

MetricPreviousCurrentPrice$11.76$12.3224h Volume$403 million$503.90 millionOpen Interest$644 million$696.89 millionThe Moving Average Convergence Divergence (MACD) indicator signals a brief pause in momentum as the histogram remains slightly negative at -0.01822, but both MACD lines are positioned well above zero, indicating an ongoing upward trend with potential for additional gains.

Analysts link LINK’s upward trajectory to broader improvements in the crypto market, as Bitcoin has also started to rise, providing further support to altcoins.

Chainlink announced that FRNT, the stablecoin issued by Wyoming, has integrated Chainlink Proof of Reserve to publish on-chain data about the assets backing the token. FRNT is now the first stablecoin from a US publicly owned entity to offer real-time reserve transparency through the Chainlink platform. This new system provides added visibility and accountability, establishing a use case for blockchain-based public accounting in government-issued digital currency.

Chainlink stated that this integration not only meets but exceeds requirements set by the GENIUS Act, a regulatory framework for digital assets, and could influence other regulated stablecoin providers to adopt similar solutions.

Mini dictionary: Chainlink Proof of Reserve, an on-chain audit mechanism, allows blockchain-based assets like stablecoins to publicly and verifiably share data about underlying reserves, ensuring transparency and increasing trust among users and regulators.

LINK price is now facing a crucial resistance level. A breakout above $12, with supportive volume and buying interest, could trigger a move toward $15 or $20. However, failure to overcome resistance may see the token enter another consolidation phase.

FRNT’s adoption of Chainlink Proof of Reserve marks the first time an American publicly owned entity has provided real-time reserve disclosure on chain, offering a new model for transparency in the stablecoin sector.

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Circle has launched Circle Wrapped Bitcoin (cirBTC), a 1:1 BTC-backed token that brings native Bitcoin onto programmable networks with segregated custody and verifiable onchain reserve data. Announced on 4 September 2026, cirBTC is live on Ethereum today, with native support planned for Circle’s Arc layer-1 blockchain once its mainnet launches.

How cirBTC’s Backing Is Structured Every cirBTC token is backed one-to-one by native Bitcoin and redeemable one-to-one for it, a wrapped token rather than a staked or derivative product. The underlying BTC is held through a Circle affiliate and custodied by Circle National Trust, a federally chartered national trust bank supervised by the Office of the Comptroller of the Currency. Reserves sit in accounts segregated from Circle’s corporate assets and held for the exclusive benefit of cirBTC holders, keeping the collateral legally and operationally separate from the issuer’s balance sheet. The token is issued by Circle International Bermuda Limited, a Class F Digital Asset Business licensed by the Bermuda Monetary Authority.

Chainlink Proof of Reserve for Verifiable Backing Circle pairs segregated custody with observable backing by connecting three data points: native BTC held in disclosed reserve addresses, the onchain reserve value published through Chainlink Proof of Reserve, and the circulating cirBTC supply across supported chains. When cirBTC is redeemed, the corresponding tokens are removed from circulation and native BTC is released, so tokens in circulation should not exceed the BTC held in reserve. Circle is careful to note that proof of reserve does not replace custody, redemption, or smart-contract diligence, but it lets lending protocols, market makers, and asset managers inspect the collateral without relying solely on an issuer’s statement.

Ethereum Now, Arc and More Later cirBTC enters an already competitive wrapped-Bitcoin market, where custody and reserve transparency have become the key differentiators for institutions deciding how to put BTC to work in decentralized finance. The launch also extends Circle’s reach beyond its USDC stablecoin franchise, following moves such as bringing USDC to Hyperliquid. Native cirBTC support on Arc is expected at mainnet launch, subject to applicable regulatory approvals, with additional blockchain integrations planned over time. For holders, the pitch is straightforward: a way to use Bitcoin in onchain markets, as it did when WBTC exchange outflows recently hit a six-week high, while keeping the reserve side of that exposure observable.

AUTHOR

A freelance writer with a passion for crypto, delivering insightful and accurate content on blockchain and fintech. With a knack for translating complex concepts into accessible content, Eric produces well-researched articles, blog posts, and thought leadership pieces that cover the latest trends and developments in the digital finance space. His writing is aimed at educating and engaging both newcomers and industry experts, offering fresh insights into the world of cryptocurrencies, decentralized finance (DeFi), and blockchain innovations. Eric’s dedication to quality and accuracy makes him a trusted voice in the fintech and crypto communities

@chainlink is set to take a prominent role at one of global banking's most established gatherings. Co-founder @SergeyNazarov will deliver a keynote address on building global digital asset markets at Sibos 2026, with Ryan Lovell, Chainlink's director of capital markets, also confirmed to speak at the event.

What Is Sibos and Why Does It Matter?

Chainlink's Role at the Conference Nazarov's keynote will focus on the infrastructure needed to build global digital asset markets, a topic that places $LINK and Chainlink's cross-chain technology squarely in front of the banking world's senior decision-makers. Separately, Ryan Lovell will take the stage to address whether AI can keep payment systems operating reliably under conditions of extreme stress, a question gaining urgency across the financial sector.

A keynote slot at Sibos carries real weight. The conference is where senior banking executives set direction on payments, settlement, and emerging technology. Chainlink securing two speaking appearances signals growing recognition of blockchain infrastructure at the institutional level, at a moment when the conversation around digital finance and AI is moving from pilot to production.

Sources:
Swift: Sibos 2026 Miami official event page
Sibos 2026 conference programme
Chainlink at Sibos: official page

Binance Coin recorded a strong breakout, reaching the $725–$730 zone before pulling back and currently trades near $713. This move has marked one of its most robust upward trends in months, as BNB now holds firmly above all major moving averages.

BNB holds above key moving averagesThe main long-term moving averages remain clustered between $623 and $651, while the 20-day exponential moving average (EMA) has moved up to $668. A key development is BNB’s reclaiming of the 200-day EMA at $651, which now acts as the base of a new support range at $650–$670.

Despite this positive momentum, buying pressure has pushed the relative strength index (RSI) to 73, putting the market into overbought territory. The recent rejection at $730 signifies stubborn resistance for bulls. A daily close above $730 may allow BNB to target the $750–$760 range, where it traded before a major correction in June. In contrast, a drop below $690 increases the likelihood of a retracement to the 20-day EMA at $668.

Maintaining the $650–$670 support band is vital for keeping BNB’s bullish outlook intact, even if a short-term dip occurs.

Mini dictionary: EMA (Exponential Moving Average), a metric that gives greater importance to recent price data to measure momentum and identify support or resistance levels in financial charts.

AssetCurrent Price20-day EMA200-day EMARSI (Daily)Main ResistanceMain SupportBNB$713$668$65173$730$650–$670UNI$6.25$4.70N/A80$6.50$4.70–$5.20GRAM$1.36$1.39$1.6047$1.40, $1.49–$1.50$1.25–$1.30LINK$11.58$10.69$9.8363$12.00–$12.20$10.00–$11.00Uniswap enters aggressive rally phaseUniswap, a leading decentralized exchange protocol, has doubled in price since mid-August, rising from $3.20 to $6.25 in less than three weeks. This surge enabled UNI to soar above all key daily moving averages, with a notable breakout past the $4.00–$4.20 resistance cluster.

Strong buying activity pushed UNI beyond $4.70, $5.20, and $5.80 with limited pullbacks. The 20-day EMA advanced to $4.70, well above other major averages. However, the gap between current levels and the 20-day EMA presents a short-term risk. The daily RSI has reached 80, and UNI stands roughly 33% above the 20-day EMA, highlighting substantial overbought conditions. Price stability is showing between $6.25 and $6.50, with some hesitation in further advances.

A clear move above $6.50 would likely open the door toward price discovery at $6.80 and potentially $7.00, but failure could send UNI back toward $5.80 or deeper supports at $5.20–$4.70.

GRAM fails to sustain recoveryGram, a cryptocurrency project aiming for extensive blockchain adoption, remains under selling pressure. Despite several attempts to create a base between $1.30 and $1.35, GRAM trades around $1.36, below all major daily moving averages.

The 20-day EMA at $1.39 and the next major average at $1.40 pose immediate resistance. In late August, GRAM briefly rebounded toward $1.50 but quickly lost ground, falling back to familiar support. This rally appears to have been a temporary relief, rather than a sign of sustainable change. The RSI at 47 indicates a neutral to bearish trend, with volume diminishing since the asset’s May surge. To confirm a positive reversal, GRAM would need to clear $1.40, then break through $1.49–$1.50, which would set the 200-day EMA at $1.60 as the next target. A drop below $1.30 could test $1.25 or lower local lows.

Mini dictionary: Gram, a digital asset launched as part of messaging app Telegram’s attempt to build an open blockchain platform, which has evolved into an independent community-driven project after regulatory setbacks.

Chainlink maintains post-breakout structureChainlink’s technical setup remains robust following a strong rally in August. The LINK token recently climbed from $8.20 to above $12 in two weeks and now trades around $11.58. This rally drove LINK through all major averages, including the 200-day EMA at $9.83.

LINK consolidated in the $11.00–$12.00 band, which signals positive strength after rapid growth. The price is still safely above the 20-day EMA at $10.69, and the daily RSI has tapered to 63. A key test is the resistance range at $12.00–$12.20, where LINK has previously met significant selling interest, marked by upper wicks reaching $12.60.

A confirmed close above $12.20 may lead to another advance toward $12.60 and $13.00. If LINK falls below $11.00, it would likely move closer to the 20-day EMA, with the $9.80–$10.00 range serving as critical structural support. The breakout from August remains valid as long as LINK holds this zone.

TLDR Table of Contents

Ripple CEO Brad Garlinghouse said the U.S. can still become the global center of the crypto industry. Garlinghouse made the comments after attending an Aug. 19 White House meeting with major crypto and financial leaders. The meeting included executives from Coinbase, Robinhood, Kraken, Nasdaq, Gemini, Chainlink and other firms. SEC Chairman Paul Atkins and CFTC Chairman Michael Selig also joined the White House gathering. The Trump administration continues to promote its goal of making the U.S. the “crypto capital of the world.” Ripple CEO Brad Garlinghouse has renewed support for efforts to make the United States a global center for cryptocurrency. His comments followed a White House gathering that brought officials and industry leaders together to discuss policy direction.

Garlinghouse said the goal remains achievable despite uncertainty around crypto legislation. He wrote on X that making America the “crypto capital of the world” is within reach and called for policymakers to complete the work.

Ripple CEO Backs White House Crypto Push The Aug. 19 White House meeting included executives from Ripple, Coinbase, Robinhood, Kraken, Nasdaq, ICE, Gemini and Chainlink. SEC Chairman Paul Atkins and CFTC Chairman Michael Selig also attended.

The administration used the meeting to restate support for keeping crypto and financial innovation in the United States. President Donald Trump said the gathering brought together leaders from finance, technology and digital assets before the first meeting of the CFTC’s Innovation Advisory Committee.

CFTC Chairman Supports U.S. Innovation Agenda CFTC Chairman Michael Selig thanked Trump for hosting the event and said the administration wants financial innovation built in the United States. His remarks supported the White House goal of expanding domestic crypto activity.

Garlinghouse responded to Selig’s message by saying he was proud to attend the meeting. The Ripple CEO has supported clearer U.S. crypto rules and argued that regulatory certainty can help companies build and operate in the country.

CLARITY Act Faces Tight Congressional Schedule Attention is turning to the CLARITY Act, a crypto market structure bill discussed during the White House meeting. The Senate is expected to hold an initial vote on Sept. 15, placing the legislation on a narrow schedule.

The House will remain in session for only four days after that vote. This gives lawmakers limited time to review and pass any Senate changes before leaving Washington.

Bill Could Move Into Lame Duck Session Crypto policy analysts have warned that the CLARITY Act may not clear Congress before the midterm elections. If lawmakers fail to complete work in September, the bill could move into the post-election lame duck session.

For Ripple CEO Garlinghouse, the policy debate remains central to the U.S. crypto agenda. The White House continues to present digital asset leadership as a policy goal, while Congress faces pressure to complete market structure legislation before the year ends.

@Chainlink's $LINK token has clawed back to levels not seen since the start of the year, breaching the $12 mark and erasing months of sideways price action in the process.

Back to January Highs The last time $LINK traded at $12 was in January 2026. In the months that followed, the token drifted lower, spending much of the intervening period bouncing between $8 and $10 amid broader crypto market volatility. That range has now been decisively broken. Per CoinGecko, $LINK has surged nearly 50% over the past 30 days,

Bottomline Partnership Puts 600+ Banks On-Chain Much of the renewed confidence in $LINK stems from a significant institutional development.

Adding further fuel to the rally,

With institutional adoption broadening and a landmark banking partnership now live, $LINK's return to January highs looks less like a bounce and more like a re-rating of the protocol's real-world utility.

Sources:
PYMNTS: Bottomline Taps Chainlink to Bring 600 Banks On-Chain
Crypto Times: Chainlink Partners With Bottomline to Explore Blockchain-Based Payments
Cryptopolitan: Chainlink deal to move $16 trillion with Bottomline lifts LINK

MOVA Bets on Chainlink CCIP for Cross-Chain Infrastructure@MovaChain has integrated @Chainlink's Cross-Chain Interoperability Protocol (CCIP) to serve as the core infrastructure of its sovereign financial operating system, known as the MOVA Financial OS. The move is designed to allow liquidity and tokenized assets to flow securely between blockchains without relying on the older bridge technology that has historically introduced significant risk.

Traditional cross-chain bridges have proven to be a persistent weak point in the blockchain ecosystem. MOVA's integration of CCIP is a direct response to those risks, replacing legacy bridge infrastructure with a more robust and decentralized alternative.

Stablecoins and RWAs at the Core of MOVA Financial OSAt the heart of the MOVA Financial OS are two asset classes: stablecoins and real-world assets (RWAs). The platform is positioning itself as the infrastructure layer through which these assets can operate across multiple blockchains at global scale.

@MovaChain itself is built around sovereign digital infrastructure. Adding Chainlink's CCIP layer brings the interoperability capabilities needed to make that vision operationally viable across different blockchain environments.

Those credentials matter for a project targeting sovereign financial systems, where regulatory alignment and institutional trust are non-negotiable.

The integration adds MOVA to a growing list of platforms turning to CCIP as foundational cross-chain infrastructure.

Sources:
Chainlink CCIP: Cross-Chain Interoperability Protocol
What Is Chainlink CCIP? (CoinGecko)
MOVA Chain Official Website

Chainlink is seeing renewed momentum in its price following the announcement of a strategic partnership with Bottomline, a prominent financial technology provider serving over 600 banks worldwide. The collaboration is designed to facilitate cross-chain and cross-border payments, potentially unlocking wider institutional adoption for Chainlink’s LINK token.

Strategic Partnership Expands Chainlink’s Institutional ReachChainlink is now trading at $11.68, reflecting a 5.05% increase over the past 24 hours. This jump in value coincided with the reveal of the partnership, which aims to connect existing payment infrastructures with both public and private blockchain networks.

Bottomline plays a significant role in the global financial system and processes more than $16 trillion in annual payments. By integrating Chainlink’s interoperability solutions, Bottomline will enable its bank clients to access on-chain payment options while continuing to rely on legacy messaging standards such as ISO 20022.

Chainlink confirmed that its Cross-Chain Interoperability Protocol (CCIP) and Runtime Environment (CRE) will serve as the core components coordinating these advanced payment workflows. Over 600 financial institutions could benefit from this integration, extending blockchain capabilities to well-established banking clients.

Mini dictionary: Bottomline, a leading financial technology firm, provides payment processing and cash management services to banks and corporations and is recognized as a top-three provider of Swift payment solutions.

Banking clients will continue leveraging the ISO 20022 standard while gaining access to blockchain-powered payments, combining legacy and emerging technologies in an effort to streamline and future-proof institutional transactions.

Technical Indicators Signal Bullish StructureTrading data shows Chainlink’s price currently stands above major technical averages, including the 20-day, 50-day, 100-day, and 200-day exponential moving averages (EMAs). As of the latest daily close, LINK is trading at $11.68, with the 20-day EMA at $10.878, the 50-day EMA at $9.876, the 100-day EMA at $9.375, and the 200-day EMA at $9.814.

IndicatorLevel ($)LINK price11.6820-day EMA10.87850-day EMA9.876100-day EMA9.375200-day EMA9.814LINK faces short-term resistance near $12, a level that recently saw some selling pressure. Moving above this threshold could further reinforce an upward trajectory, while a dip below the 20-day EMA might weaken the current bullish sentiment.

Open Interest and Trading Volume TrendsIn August, Chainlink’s open interest surged above $700 million before returning to about $600 million in early September, according to CoinGlass data. The recent decline in open interest, while prices remain above $11, suggests leveraged positions have been scaled back, potentially highlighting a rally driven by more organic spot demand rather than derivatives speculation.

Chainlink described its partnership with Bottomline as a way to enable “cross-chain, cross-border payments” for over 600 banking customers, further advancing institutional blockchain integration.

Trading volume also spiked above $1 billion during Chainlink’s August rally, but has since receded, indicating that another increase in trading activity may be needed for further upside.

Key Levels and Market OutlookFor traders, the $12 level remains the principal short-term target on the upside, while $10.878 serves as immediate dynamic support. Developments in Bottomline’s adoption of Chainlink, along with broader institutional integration, may provide important catalysts in the days ahead.

Despite the positive indicators, cryptocurrency markets continue to experience high volatility. Traders are advised to closely monitor price movements and market sentiment when evaluating further investment opportunities.

Bottomline has partnered with Chainlink to connect a payments network processing more than $16 trillion annually with public and private blockchains, giving over 600 bank customers a route to cross-chain and cross-border settlement while retaining ISO 20022 messaging.

Summary

Bottomline has partnered with Chainlink to connect its $16 trillion annual payments network with public and private blockchains. More than 600 bank customers will be able to access onchain payment rails while continuing to use familiar ISO 20022 messaging. Chainlink CCIP will handle cross chain interoperability, while CRE will coordinate payment workflows between existing banking systems and blockchain networks. The partnership provides the technical connection for blockchain settlement, but neither company has disclosed how many Bottomline banks will initially use the service. According to Chainlink, Bottomline will use its interoperability and orchestration infrastructure to connect existing payment systems with blockchain networks, allowing participating financial institutions to access onchain payment rails through a single network-agnostic connection.

NEW: Top-three Swift service provider, Bottomline, has entered a strategic partnership with Chainlink to unlock cross-chain, cross-border payments for its 600+ bank customers.

Bottomline moves more than $16 trillion in payments annually across its platforms.

Through the… pic.twitter.com/jnpgCdoSCs

— Chainlink (@chainlink) September 3, 2026 Bottomline ranks among the top three Swift service providers and handles more than $16 trillion in payments each year across its platforms. The company serves over 600 banks, 1,200 financial institutions and 10,000 businesses globally, giving the integration access to an established network already processing large volumes of institutional payments.

Banks using the service would not need to replace their existing messaging systems to access blockchain settlement. Payment instructions can continue to use ISO 20022, the standard used by financial institutions to structure and exchange transaction information, while Chainlink connects the instruction with the required blockchain infrastructure.

Chainlink will connect Bottomline payments across blockchains Chainlink’s Cross-Chain Interoperability Protocol, or CCIP, will handle communication and transfers of tokenized value across supported blockchain networks.

Its Chainlink Runtime Environment, known as CRE, will coordinate payment workflows from one end of a transaction to the other. The infrastructure can manage routing and operational steps as payment instructions move between existing financial systems and blockchain networks.

Using both components gives Bottomline customers access to multiple public and private chains through one connection instead of requiring separate infrastructure for each blockchain.

The setup means a participating bank could send an instruction through the same ISO 20022 messaging process it already uses. Chainlink infrastructure would then handle the blockchain components needed to execute the transaction across the selected networks.

Chainlink has spent the past several years developing CCIP as an interoperability layer for applications that need to transfer data or assets across separate blockchains. In July, Aave made CCIP its default cross-chain infrastructure for deposits, withdrawals, GHO transfers, Stable Vaults and governance operations.

BitGo followed in August by selecting CCIP as the exclusive cross-chain provider for its Wrapped Bitcoin ecosystem, which had roughly $7.3 billion in value at the time. BitGo retained control over WBTC contracts, transfer limits and cross-chain settings under the arrangement.

Bottomline banks can keep using ISO 20022 The Bottomline partnership is structured around maintaining the systems that banks already use instead of requiring financial institutions to move payment operations directly onto a particular blockchain.

For its more than 600 banking customers, Bottomline can keep the existing messaging layer in place while Chainlink operates between traditional payment infrastructure and the blockchain used for settlement.

Cross-border payments remain one of the areas targeted by the integration. Such transactions can move through several intermediary banks before reaching the recipient, adding settlement time and transaction costs at different stages of the payment process.

The supplied partnership material said cross-border transactions can still take days to settle and fees can consume 5% or more of a transfer’s value. Chainlink and Bottomline are providing an alternative settlement route in which tokenized value can move between blockchain networks while banks retain their existing operational processes.

Access to the infrastructure does not mean Bottomline’s more than $16 trillion in annual payment volume will move onchain. The partnership creates the technical connection for participating banks, while individual institutions will determine whether they use blockchain settlement and how much transaction activity they route through it.

No transaction volume, implementation schedule or list of Bottomline banking customers using the blockchain connection was disclosed in the announcement.

Chainlink has been building links with major financial institutions The agreement follows a series of Chainlink projects involving banks, asset managers and established financial market infrastructure.

In June, crypto.news previously reported that Swift, JPMorgan and UBS were among the financial institutions working with Chainlink infrastructure as companies tested tokenized assets, cross-chain settlement and connections between existing financial systems and blockchains.

Swift has previously tested Chainlink infrastructure for transferring tokenized value while allowing financial institutions to continue working with existing Swift systems. The model resembles the Bottomline integration by keeping familiar financial messaging infrastructure in place while blockchain technology operates underneath the transaction workflow.

Chainlink has pursued another institutional initiative through Project Pangea, which involves more than 50 financial institutions across Europe and South Korea. Participants collectively manage more than $10 trillion in assets, with the project focused on foreign exchange transactions and T+0 settlement, where trades can settle on the same day they are executed.

JPMorgan has used Chainlink in public blockchain settlement as well. In May 2025, the bank completed a transaction involving tokenized U.S. Treasuries through Ondo Finance and Chainlink, representing JPMorgan’s first settlement of a transaction on a public blockchain.

UBS has worked with Chainlink on tokenized fund infrastructure, including an onchain subscription and redemption workflow for a tokenized money market fund. Previous projects involving Swift, UBS and Chainlink have tested how tokenized funds could interact with existing fiat payment systems used by financial institutions.

Institutional use of the network has continued expanding into 2026. Standard Chartered identified Swift, DTCC, Euroclear, JPMorgan, Mastercard, UBS, Fidelity and S&P Global among institutions using Chainlink services in an August report.

The bank’s digital asset research team said customers outside crypto-native markets were expected to account for an increasing portion of Chainlink fees as tokenization projects moved from testing into production.

Bottomline partnership adds another route for tokenized payments Financial institutions have been testing several models for moving regulated money and assets onto blockchain infrastructure, ranging from stablecoins and tokenized deposits to tokenized securities and cross-chain settlement systems.

In July, JPMorgan Chase, Bank of America, Citigroup and Wells Fargo were reported to be developing a shared tokenized deposit network designed to support round-the-clock blockchain payments between regulated U.S. banks. The project, being developed with The Clearing House, has targeted the first half of 2027 for launch.

Chainlink’s role focuses on connecting otherwise separate blockchain networks and coordinating transactions between onchain systems and existing financial infrastructure.

CCIP has been live since July 2023 and has expanded across dozens of blockchain networks. Chainlink said its interoperability technology allows financial institutions to connect with multiple networks without building a different integration for every chain.

The Bottomline arrangement applies that infrastructure to a payment provider operating at a considerably larger scale than a single blockchain application. Bottomline processes more than $16 trillion annually, while its services reach hundreds of banks that already use established financial messaging standards.

Tokenization has meanwhile become a larger focus for banks and asset managers as more financial products are issued or represented on blockchains. Estimates cited in the supplied material put the potential tokenized asset market at $16 trillion by 2030.

Chainlink has been positioning CCIP and CRE as infrastructure for that activity, with CCIP handling communication and token transfers between networks while CRE coordinates the transaction workflow surrounding those transfers.

Bottomline customers will retain control over whether they use the blockchain connection. The partnership provides the infrastructure required to access public and private networks through existing payment systems, but neither company has disclosed how many banks have committed to using the service or when the first transactions will be settled through the new connection.

Chainlink has partnered with Bottomline, a B2B payments technology provider, to bring secure cross-chain payment capabilities to Bottomline’s banking customers. The collaboration pairs Chainlink’s blockchain interoperability infrastructure with a legacy payments firm that processes hundreds of billions of dollars in annual volume.

Bottomline provides SaaS-based solutions for payments automation, financial messaging, fraud prevention, and treasury management. Its customer base spans roughly 1,200 financial institutions and 10,000 businesses globally. Those clients rely on Bottomline’s infrastructure to move money across networks like Paymode, and the firm has built deep expertise around compliance frameworks including Swift and ISO 20022 standards.

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Chainlink has been courting the traditional finance sector, positioning itself as the connective tissue between blockchains and legacy systems. The most prominent example is Project Pangea, an initiative involving over 50 banking institutions across Europe and South Korea. That project targets T+0 settlement for foreign exchange transactions. The banks participating in Pangea collectively manage more than $10 trillion in assets under management.

Chainlink’s Cross-Chain Interoperability Protocol, known as CCIP, allows different blockchains and traditional systems to communicate with each other, which is critical for any financial institution that wants to use blockchain without being locked into a single chain.

Cross-border transactions between countries still routinely take days to settle. Fees can eat up 5% or more of a transfer’s value. The correspondent banking system that underpins most international payments involves multiple intermediaries, each adding cost and latency.

Bottomline’s emphasis on automation and compliance, particularly its alignment with ISO 20022 messaging standards, also matters. ISO 20022 is becoming the global standard for financial messaging.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

The Wyoming Stable Token Commission adopted Chainlink Proof of Reserve for the Frontier Stable Token on Sept. 2. FRNT's total supply is 967,948 tokens, about 0.2% of the 508.7 million the Commission projected to the state legislature as its base case.

The Wyoming Stable Token Commission adopted Chainlink Proof of Reserve as the exclusive onchain verification layer for the Frontier Stable Token on Sept. 2, publishing reserve and supply balances examined by The Network Firm to a feed readable onchain.

There is not much to verify. FRNT total supply is 967,947.92 tokens at $0.99884, according to CoinGecko, against the 508.7 million tokens the Commission gave state lawmakers as its base-case projection in a December budget-session factbook, alongside a base case of $19.1 million in gross reserve revenue for fiscal 2027. Outstanding supply is about 0.2% of that projection. Twenty-four-hour volume was $160, all of it on Kraken.

Secure Mint Is Not LiveThe release separates two products, and only one of them has shipped. Proof of Reserve is adopted now. Proof of Reserve Secure Mint, the component that programmatically blocks minting unless verified reserves cover total supply, is described as something the Commission is "in the process of adopting." The Commission already publishes daily attestations on its website, so the change is where the data is delivered rather than how often.

"By adopting Chainlink Proof of Reserve as Wyoming's exclusive onchain asset verification infrastructure, we're providing transparent, verifiable confirmation that the Frontier Stable Token is fully backed by high-quality reserve assets," said Anthony Apollo, executive director of the Wyoming Stable Token Commission. "This strengthens trust in FRNT while establishing the highest standard for transparency in public-sector digital assets."

Johann Eid, chief business officer at Chainlink Labs, said the adoption "proves how governments can leverage the Chainlink platform to bring trusted, fully-verifiable onchain financial infrastructure into production at scale."

Two Weeks After LayerZeroThis is the Commission's second Chainlink award in a month. On Aug. 18 it said it had fully migrated away from LayerZero to Chainlink CCIP under a multi-year contract. Apollo said then: "The Commission proactively conducted a security review and identified concerns regarding LayerZero's disclosure practices and operational security. Following the review, the Commission decided to adopt Chainlink CCIP as it is the only cross-chain infrastructure that met our stringent security and reliability requirements across the board."

FRNT runs on Arbitrum, Avalanche, Base, Ethereum, Hedera, Optimism, Polygon and Solana, according to that August release. Onchain queries put 95,052.25 FRNT on Ethereum and 394,400.94 on Solana.

First, With A CaveatWyoming calls FRNT the first fiat-backed, fully reserved stable token issued by a public entity in the United States, and no competing state issuance exists. The Commission is a sovereign entity within state government, created in March 2023 under the Wyoming Stable Token Act. The token reached mainnet in August 2025, issued first in October 2025, and opened to public purchase on Jan. 7, though the Sept. 2 release compresses that to a January 2026 launch.

LINK traded at $11.28 at 7:32 a.m. ET Thursday, up 2.7% on the day, down 5.7% over the week and up 37% over 30 days, with a market capitalization of $8.43 billion and a rank of 16, according to CoinGecko.