Chainlink news

Chainlink’s spot ETF, launched Dec. 2, has attracted $54.69 million in net inflows and no outflows, while the top 100 wallets have added 20.46 million LINK, yet the token has dropped 11.1% in the past month and traded at $12.78. Analysts point to the SEC’s no‑action letter approving a three‑year pilot to tokenize assets and Grayscale’s 2026 outlook that highlights stable‑coin, asset‑tokenization and DeFi growth as catalysts that could lift LINK’s price after the current decline.

Keeta (KTA) is up 36% after launching a fiat‑anchor, breaking above $0.32 with a key resistance at $0.36 and a potential target at $0.43 if buyers hold its momentum. Solana (SOL) has risen 6% amid JPMorgan’s tokenized commercial paper use, with a hidden bullish divergence pointing to a bounce toward $146 and a breakout to $171 if support holds. Chainlink (LINK) is 4% higher after Coinbase selected its CCIP, showing a 20/50 EMA bullish crossover; a move above $14.23 could lead to $14.99 and $16.78, while a fall below $13.37 threatens lower support.

Backed Finance and Chainlink launched xBridge, a cross‑chain bridge that moves tokenized stocks (xStocks) between Ethereum and Solana while preserving corporate actions such as splits and dividends. Built on Chainlink’s CCIP, xBridge keeps the token’s link to the real‑world asset intact, using an updatable multiplier on Ethereum and Token2022 rebasing on Solana. The bridge is live in pilot mode; Backed plans to extend support to Mantle, TRON and other chains.

LINK token slid nearly 5% to $13.74 on Thursday, pulling back from a peak of $14.46 after Coinbase announced it would use Chainlink’s CCIP for a bridge that will manage $7 billion of wrapped assets. The partnership was seen as a significant institutional endorsement, but broader market softness and Fed‑rate worries kept sentiment subdued. Despite the drop, technical signs point to a short‑term bottom. Volume spiked 20.4 % above the 7‑day average, with a burst of 340,000 LINK around 18:45 UTC. Accumulation near the $13.46 support and a final‑hour move to $13.76 suggest buying interest. Key levels: $13.46 support, $14.00 psychological resistance, $14.88 recent rejection zone.

Coinbase has chosen Chainlink’s Cross‑Chain Interoperability Protocol (CCIP) as the exclusive bridging solution for its wrapped assets, including cbBTC, cbETH, cbDOGE, cbLTC, cbADA and cbXRP, which total roughly $7 billion. CCIP, powered by Chainlink’s oracle network, connects public and private chains, allowing these assets to be deployed across EVM, Solana, Monad, Aptos, Bitcoin‑scaling chains and more; Base L2 already uses it for its Solana bridge. Unlike many token‑wrapping bridges, CCIP relies on audited token pools and smart‑contract‑enabled mechanisms for seamless cross‑chain interaction, leveraging a network that secures 70% of global DeFi volume (over $27 trillion).

Coinbase has chosen Chainlink’s Cross‑Chain Interoperability Protocol (CCIP) as the exclusive bridge for all its Wrapped Assets, amounting to roughly $7 billion in market value, including cbBTC, cbETH, cbDOGE, cbLTC, cbADA and cbXRP. The move follows the launch of a Chainlink‑secured bridge between Coinbase’s Base layer‑2 and Solana, and aims to reduce operator risk by routing messages through a decentralized network of nodes rather than single‑multisig bridges. Josh Leavitt and Chainlink’s William Reilly said the partnership will accelerate the growth of Coinbase’s wrapped tokens.

Crypto funds saw a second consecutive week of inflows, pulling in $716 million and raising total assets under management to $180 billion, up 7.9% from November lows but still below the all‑time high of $264 billion. Bitcoin led the inflow stream with $352 million, while XRP attracted $245 million and Chainlink recorded a record $52.8 million. U.S. investors dominated with $483 million of the inflows, and short‑Bitcoin products saw a $18.7 million outflow, signaling a shift away from bearish positions.

Base and Solana have been bridged through Chainlink’s Cross‑Chain Interoperability Protocol, allowing seamless asset transfers. The mainnet bridge is live and is already being integrated by apps such as Zora, Aerodrome, Virtuals, Flaunch, and Relay. This cross‑chain link is a technical milestone, connecting Ethereum‑Virtual‑Machine‑compatible chains to Solana’s non‑EVM architecture and positioning Base as a multichain hub to simplify cross‑chain trading without multiple wallets.

Grayscale launched the GLNK ETF on Dec. 2, giving regulated exposure to Chainlink’s oracle network. Within 48 hours assets climbed to ~$64 million after $13 million of day‑one volume and $41 million of inflows. A 0% launch fee and an eventual 0.35% expense ratio aim to attract institutional investors treating blockchain as infrastructure. The product forces a question about LINK’s price: will tokenized finance’s growth raise the token if institutions mainly use it for services and hold little? GLNK lacks staking rewards, so performance depends on appreciation beating the fee and the opportunity cost of yielding assets. Its NYSE Arca Rule 8.201‑E structure offers a regulated bridge that could give Chainlink an advantage over private‑bank chains.

Coinbase’s layer‑2 Base now supports a bridge to Solana, powered by Chainlink’s Cross‑Chain Interoperability Protocol. The link lets users move assets between Base and Solana directly from Base mainnet, and is live on Base apps such as Zora and Aerodrome. The bridge lets Solana tokens deploy and trade on Aerodrome in seconds, and other Base‑powered apps can add the open‑source bridge to enable cross‑chain swaps. Coinbase sees the move as a step toward making Base a hub for all assets. Base has grown to the fifth‑largest blockchain by TVL, at $14.89 billion versus Solana’s $29.4 billion. Separately, Solana ETFs saw a record outflow, with 21Shares’ TSOL shedding $42 million on its largest single‑day redemption.