-
Back to menu
Prices
-
Back to menu
-
Back to menu
Indices -
Back to menu
Research
-
Back to menu
Events -
Back to menu
Sponsored
-
Back to menu
Videos -
Back to menu
-
Back to menu
-
Back to menu
Webinars
Select Language
By Krisztian Sandor, CD Analytics|Edited by Aoyon Ashraf
Aug 22, 2025, 4:57 p.m.
- Chainlink’s token LINK surged 12% following dovish comments by Federal Reserve Chair Jerome Powell.
- Chainlink achieved two major security certifications, ISO 27001 and SOC 2 Type 1, enhancing trust in its platform.
- Institutional investors drove significant trading volumes, indicating strategic accumulation of LINK tokens.
Oracle network Chainlink’s (LINK) native token sharply rebounded with the broader crypto market following Federal Reserve Chair Jerome Powell’s dovish remarks in Jackson Hole, Wyoming.
LINK rallied 12% over the past 24 hours, hitting $27.8, its strongest price since December. Bitcoin BTC$116,765.20 appreciated 3.5% during the same period, while the broad-market CoinDesk 20 index jumped 6.5%.
STORY CONTINUES BELOW
In protocol-specific news, Chainlink obtained two major security certifications this week: ISO 27001 and a SOC 2 Type 1 attestation, marking a first for a blockchain oracle platform. The audits, carried out by Deloitte, covered Chainlink’s price feeds, proof-of-reserve services and the Cross-Chain Interoperability Protocol (CCIP).
The oracle provider says the move strengthens trust in its data services and can bolster adoption among banks, asset issuers and decentralized finance protocols.
Further supporting the rally, the Chainlink Reserve, which periodically purchases LINK tokens on the open market using protocol revenues, bought 41,000 tokens on Thursday, worth roughly $1 million at that time. That brought total holdings to 150,778 tokens, around $4.1 million at current prices.
- Support Levels: Substantial defense established at $24.15 with high-volume confirmation, according to CoinDesk Research’s technical analysis data.
- Resistance Penetration: Systematic advancement through $25.00, $25.50, and $26.00 levels with volume validation from institutional participants.
- Trading Volume Analysis: Exceptional 12.84 million volume surge during breakout phase, representing five times the 24-hour average of 2.44 million units.
- Consolidation Patterns: Extended tight range consolidation around $24.70-$25.10 preceding explosive institutional-driven breakout.
- Momentum Indicators: Sustained upward trajectory with measured advance characteristics and institutional accumulation signals from corporate treasury operations.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Krisztian Sandor is a U.S. markets reporter focusing on stablecoins, tokenization, real-world assets. He graduated from New York University’s business and economic reporting program before joining CoinDesk. He holds BTC, SOL and ETH.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
More For You
By Will Canny, AI Boost|Edited by Aoyon Ashraf
1 hour ago
Institutional adoption, inflation-hedge demand, and the nature of bitcoin’s fixed supply, will propel the cryptocurrency to new highs, the report said.
What to know:
- Bitwise sees bitcoin hitting $1.3 million by 2035.
- Growth drivers include institutional adoption, inflation-hedge demand, and bitcoin’s fixed supply, though risks remain from regulation and political shifts.
- Bitcoin’s historic four-year cycle is obsolete, the asset manager said, but cautioned that investors should still expect steep drawdowns despite maturing volatility.
