LINK (Chainlink) rose 2.87% in the last 24 hours.

Gate News Bot news, on August 14, according to CoinMarketCap data, as of the time of writing, LINK (Chainlink) is currently priced at $24.08, with a rise of 2.87% in the last 24 hours, reaching a high of $24.50 and a low of $16.60, with a 24-hour volume of $2.157 billion. The current market capitalization is approximately $16.331 billion, an increase of $456 million compared to yesterday.

Chainlink is the backbone network of blockchain. Chainlink is the only platform that provides the secure data, cross-chain interoperability, and decentralized computing needed to connect financial institutions and blockchain to advanced on-chain applications. Chainlink is trusted by global institutions such as Swift, Euroclear, Mastercard, and Fidelity, and has facilitated hundreds of trillions of dollars in on-chain transactions, covering tokenized assets, DeFi, and capital markets.

Important news about LINK recently:

1️⃣ Cooperate with ICE to introduce foreign exchange and precious metals data Chainlink has reached a strategic partnership with Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, to integrate ICE Consolidated Feed's global foreign exchange and precious metals pricing data into Chainlink Data Streams. This move will provide services to over 2,000 on-chain applications and financial institutions, promoting the development of institutional-level applications such as asset tokenization and automated settlement, marking a further integration of on-chain financial systems with traditional markets.

2️⃣ Large LINK Token Liquidity Recently, multiple large transactions of LINK tokens have been observed. A whale address deposited 224,211 LINK worth approximately $4.86 million into a centralized exchange. Meanwhile, another whale address transferred 510,000 LINK worth $11.13 million from a centralized exchange to the Compound protocol in the past two days. Additionally, two addresses purchased LINK tokens worth $1.34 million and $1 million, respectively. These large transactions may have a short-term impact on the LINK price.

3️⃣ Chainlink Reserve Strategic Reserve Plan Launched Chainlink launched the "Chainlink Reserve" strategy LINK reserve pool to accumulate LINK tokens generated from enterprise integrations and on-chain service revenues. This reserve automatically converts various payment forms into LINK through the Payment Abstraction mechanism, with over $1 million LINK accumulated to date. This move is expected to increase the demand and value of LINK, providing long-term support for the LINK price.

From a technical perspective, the LINK price has recently shown a rise trend, breaking through previous highs. On the fundamental side, Chainlink continues to expand its influence in the blockchain infrastructure sector, with collaborations with traditional financial institutions and the launch of new reserve plans, all of which support the long-term value of LINK.

This message does not constitute investment advice, and investors should be aware of market volatility risks.