Chainlink (LINK) is experiencing heightened volatility, testing crucial support at $22.10 with potential downside targets at $20.55 and $19 if broken. The token faces this pressure amid a 51% surge in futures volume to over $2 billion, indicating heavy speculation. Meanwhile, institutional credibility received a significant boost from 21X—Europe’s first regulated tokenized securities platform—which uses Chainlink’s technology to bridge traditional finance with blockchain. CEO Max Heinzle emphasized Chainlink’s role as vital infrastructure for tokenized markets, with global institutions lining up behind such projects. The price action around $22 will determine whether optimism about institutional adoption fuels a rebound toward $26 or leads to deeper corrections.
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0 posts last weekABN AMRO Completes Tokenized Trading Pilot with 21X on Ethereum
ABN AMRO, the Netherlands’ third-largest bank, has successfully completed a pilot for tokenized trading using stablecoins in collaboration with German exchange 21X. The trial involved on-chain settlement for tokenized securities, with ABN AMRO issuing an ERC-3643 token on the Polygon Amoy Testnet. Following the pilot, the bank plans to enhance its offerings with secondary market capabilities through partnerships with European DLT systems. In Jakarta, police dismantled a crypto romance scam syndicate that targeted professionals from Southeast Asia, arresting 20 suspects linked to a fraudulent trading platform. The scheme promised high returns and has been active for over two months, with ongoing investigations into the total losses incurred.
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