Chainlink launched CustodySync with Anchorage, its first institutional custody partner, to connect traditional custodians with decentralized lending markets without taking assets out of regulated custody. The solution targets decentralized finance platforms holding more than $80 billion in assets, within a sector representing approximately $700 billion in custodied digital assets. Seven large wallets withdrew about $10.7 million worth of LINK from exchanges in 3.7 hours, potentially reducing immediate selling pressure, although the transactions did not establish whether the holders intended to keep the tokens. At press time, LINK traded around $11.366, with an RSI of 35.58 and a negative MACD, and a further decline could breach the $11 support and expose the $9.50 level.
Source: Read the original article
