Chainlink (LINK) continued to trade under pressure on Wednesday, hovering around $7.6 after declining nearly 7% in a week. Despite announcing a major collaboration with multinational financial institutions aimed at modernizing global foreign exchange infrastructure, the token has struggled to attract bullish momentum. While modest ETF inflows point to some institutional interest, bearish derivatives positioning and weak technical indicators continue to weigh on LINK’s short-term outlook. Chainlink launches global FX settlement working group Chainlink announced on Tuesday the formation of a new working group involving several multinational organizations across Europe and South Korea that collectively represent more than $10 trillion in assets under management. https://twitter.
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