Chainlink news

Bitcoin started the week flat, trading below $80,000 after being rejected from $82,000 twice, while Chainlink's LINK token surged 6.8% to $13.64, its highest since January, outperforming all top-10 cryptocurrencies. The rally follows Chainlink's deal with Bottomline, a top-three SWIFT services provider handling over $16 trillion in annual payments, to connect its 600-plus bank customers to blockchain settlement via Chainlink's CCIP and CRE products, allowing banks to use existing ISO 20022 messages. For Bitcoin, traders eye Friday's stronger-than-expected jobs report, which raised rate hike odds, and upcoming inflation data and the Fed's September 16 decision. Chainlink's gains also reflect earlier positive news, including SWIFT's 2023 interoperability tests, Standard Chartered's $200 price target, and Charles Schwab adding LINK to its crypto offerings. LINK is up 57% over the past 30 days, with open interest hitting an 11-month high of $784 million.

A Chainlink whale transferred 620,420 LINK (about $7.6 million) to Coinbase on Sept. 7, bringing its total deposits to the exchange to 2.41 million LINK (roughly $26.04 million) over three weeks, according to Onchain Lens. The wallet had previously accumulated the tokens from Binance. The transfers suggest potential selling pressure but do not confirm any sales, as the tokens could be moved for custody, collateral, or other purposes. LINK traded near $13.07 on Sept. 7, up about 7.1%, with technical indicators showing sustained bullish momentum, though the RSI above 70 suggests overbought conditions. Separately, Chainlink continues to expand adoption, including CCIP integrations with Aave and BitGo, and a stablecoin settlement trial with over 50 banks, which provide a fundamental demand narrative but do not negate short-term supply risks from large exchange deposits.

Bottomline, a top-three Swift service provider processing over $16 trillion in annual payments, has partnered with Chainlink to offer its 600+ bank customers access to blockchain-based cross-border settlement. Through Chainlink's CCIP and CRE infrastructure, participating banks can use onchain payment rails while continuing to rely on standard ISO 20022 messaging, without replacing existing systems. The integration provides a network-agnostic connection, but the number of banks initially using the service and transaction volumes were not disclosed. The partnership aligns with Chainlink's growing institutional adoption, following collaborations with Swift, JPMorgan, and UBS, and projects like Project Pangea. By leveraging Chainlink's interoperability layer, Bottomline aims to reduce settlement times and fees in cross-border payments, offering an alternative route for tokenized value. It ultimately positions the infrastructure for the broader tokenization market, estimated to reach $16 trillion by 2030, while leaving individual banks to decide their usage.

Chainlink Data Feeds have launched on the Tempo blockchain, providing the payments-focused network with onchain market data for stablecoin and financial applications. The integration, announced on Sept. 3, enables developers to use Chainlink's oracle infrastructure for collateral valuation, foreign exchange comparisons, treasury management, and automated risk controls without building custom systems. Chainlink's independent node operators aggregate data from multiple sources for smart contracts to verify on Tempo, which serves as the execution and settlement layer. The layer-1 network, incubated by Stripe and Paradigm, aims to support stablecoin payments, payroll, and remittances. While the feeds enable potential lending and treasury applications, the companies have not confirmed specific products using them. LINK traded near $11.84, up about 5.6%, though no evidence directly links the gain to this news, as it occurred within a broader market advance. Tempo has previously integrated Morpho's lending infrastructure in May, and Chainlink has expanded its services to tokenized assets on other networks.

Wyoming has expanded its integration with Chainlink to add near-real-time onchain reserve verification for its state-issued Frontier Stable Token (FRNT). The Wyoming Stable Token Commission adopted Chainlink Proof of Reserve to publish verified data on FRNT's reserves and token supply, complementing existing daily attestations and monthly disclosures required by the GENIUS Act. The commission is also working on Chainlink's Secure Mint feature, which would prevent new token minting unless verified reserves equal or exceed total supply. The move follows Wyoming's full migration of FRNT from LayerZero to Chainlink's Cross-Chain Interoperability Protocol about two weeks ago. Chainlink has recently expanded its institutional footprint, becoming the pricing-data provider for Coinbase's B20 tokenized equities, joining Project Pangea for stablecoin settlement, and integrating with DTCC and Fidelity International. LINK has gained over 34% in the past month, trading around $11.07.

The U.S. Department of Commerce has partnered with Chainlink to make official macroeconomic data available on blockchain networks. The Bureau of Economic Analysis data, including real GDP and the PCE Price Index, is now accessible on chains like Ethereum, Base, and Arbitrum, allowing smart contracts and decentralized applications to use reliable economic indicators. The collaboration could increase blockchain adoption in sectors that rely on economic data for contract execution, and may impact cryptocurrency pricing as investors gain access to enhanced data. Market observers will watch for expanded data feeds from the Commerce Department and potential shifts in crypto markets.

Chainlink announced nine new integrations across five services and five blockchain networks on August 30, with Coinbase and Robinhood Crypto among the eight participating platforms. The integrations span Chainlink's Data Feeds and Cross-Chain Interoperability Protocol (CCIP), supporting applications like wrapped assets and cross-chain features. This marks another weekly expansion, following 12 integrations on August 23 and eight on August 9. The involvement of publicly traded companies like Coinbase and Robinhood provides institutional validation for Chainlink's infrastructure, particularly as Coinbase builds out its Base layer-2 network. The steady integration cadence could boost demand for LINK tokens, though price impact depends on actual transaction volume. Chainlink's integration pipeline remains robust heading into the fall.

Charles Schwab plans to add Solana, Avalanche, and Chainlink to its crypto trading platform in the coming months, expanding beyond the initial Bitcoin and Ether offerings. The platform, launched in May, targets retail clients and charges 0.75% per trade, with availability limited to most U.S. states. The move coincides with Schwab's expansion into prediction markets, including a planned S&P 500 index product with Cboe. As of July, the firm held $13.04 trillion in client assets, reporting record Q2 revenue of $7.1 billion.

Charles Schwab announced plans to add Solana, Avalanche, and Chainlink to its crypto trading platform, expanding beyond its initial Bitcoin and Ethereum offerings. The new digital assets are expected to be available for clients to buy and sell in the coming months, according to a release on Thursday. The move is part of Schwab's strategy to thoughtfully expand its digital asset offerings in line with client demand, giving users more choices to build a digital asset allocation. Schwab, which manages over $12 trillion in client assets and has 39 million active brokerage accounts, began rolling out BTC and ETH trading in May and charges 75 basis points per transaction. The expansion highlights the growing competition among traditional brokerages for crypto investors, with the new listings potentially offering significant distribution opportunities for the protocols.

Charles Schwab is expanding its digital asset platform by adding Solana, Avalanche, and Chainlink to its crypto trading offerings, according to a Thursday announcement. The new assets are expected to become available to clients in the coming months, extending the platform beyond its current support for Bitcoin and Ethereum. The move, which follows Schwab's recent rollout of direct crypto trading, is driven by client demand for established digital assets. Schwab Crypto charges 75 basis points per trade and allows clients to manage crypto alongside traditional investments. Joe Vietri, Head of Digital Assets at Charles Schwab, said the additions provide more choices for clients to build digital asset allocations within Schwab's existing investing and banking experience.