LINK (Chainlink) has pumped 2.53% in the last 24 hours.

Gate News Bot news, on October 30, according to CoinMarketCap data, as of the time of writing, LINK (Chainlink) is currently priced at $18.36, having risen 2.53% in the last 24 hours, reaching a high of $19.02 and a low of $17.14, with a 24-hour volume of $1.197 billion. The current market capitalization is approximately $12.792 billion, an increase of $316 million compared to yesterday.

Chainlink is the backbone of blockchain. It is the only platform capable of securely connecting data for financial institutions and blockchain, enabling cross-chain interoperability and decentralized computing to support advanced on-chain applications. Chainlink is trusted by global institutions such as Swift, Euroclear, and Fidelity, and has facilitated hundreds of billions of dollars in on-chain transactions, covering tokenized assets, DeFi, and capital markets.

Important news about LINK recently:

1️⃣ Strategic cooperation reached with NASDAQ-listed company Streamex Streamex Corp. (NASDAQ: STEX) has chosen Chainlink as its official oracle and on-chain transparency provider. This collaboration will enhance the cross-chain functionality, transparency, and trust of GLDY (a gold-backed stablecoin asset) through the integration of Chainlink's proof of reserve, price oracles, and Cross-Chain Interoperability Protocol (CCIP). This partnership not only elevates Chainlink's influence in the traditional financial sector but also provides strong evidence of the value of its technology in practical applications.

2️⃣ Pharos adopts Chainlink CCIP as cross-chain infrastructure The programmable open finance Layer 1 platform Pharos has announced the adoption of Chainlink CCIP as its standardized cross-chain infrastructure and will use Chainlink data streams to support the tokenized RWA market. Pharos was founded by former leaders of AntChain and Ant Financial's blockchain, focusing on providing enterprise-level solutions for institutions and exploring green finance, digital payments, and new forms of programmable ownership and asset tokenization. This collaboration further expands Chainlink's application scope in institutional-grade applications and is expected to drive the adoption of real-world assets (RWA) in the DeFi space.

3️⃣ Withdraw large amounts of LINK tokens from centralized exchanges A new cryptocurrency wallet withdrew 280,907 LINK tokens from a centralized exchange, worth approximately $5 million. This move may indicate that large investors are increasing their long-term holdings of LINK, or are participating in on-chain activities such as staking, reflecting market confidence in Chainlink's future development.

From a technical perspective, LINK has seen a significant rise in the past 24 hours, possibly related to these positive news. The achievement of strategic partnerships and the expansion of institutional-level applications have injected new momentum into Chainlink's long-term development. However, considering the high volatility of the cryptocurrency market, investors should remain cautious about short-term price fluctuations.

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