Share this article
Chainlink's LINK Gains on Joining SEC Crypto Task Force's Tokenization Initiative
Chainlink Labs is among the digital asset projects that have been admitted to help the regulator set frameworks for compliant asset tokenization.
Jul 18, 2025, 3:41 p.m.
Make us preferred on Google
What to know:
- Chainlink's token LINK advanced over 7% in 24 hours, reaching its strongest price since February amid a broader altcoin rally and U.S. crypto legislation.
- Chainlink has joined the SEC's Crypto Task Force to help develop compliant tokenization frameworks, highlighting its role in bridging blockchain with off-chain data.
- Technical analysis shows LINK consolidating between $18.25-$18.55, with potential for continued upward movement after recent gains.
Oracle service Chainlink's native token LINK advanced over 7% in the past 24 hours, hitting $19, it's strongest price sine February.
The move happened alongside a broad-market rally for altcoins, while the token is also benefitting from U.S. legislation being passed in Congress to set regulatory guardrails for the digital asset markets.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Chainlink's protocol services are a key piece of infrastructure bridging blockchain networks with off-chain data sets, crucial for processes like asset tokenization.
Chainlink Labs said on Thursday it has been admitted to the U.S. Securities and Exchange Commission's (SEC) Crypto Task Force alongside four additional digital asset projects to deliberate compliant tokenization frameworks.
"For the blockchain industry to reach its full potential and tap institutional capital, meeting regulatory requirements is essential," Chainlink said in an X post. "Only Chainlink provides the compliance, privacy, cross-chain, and data infrastructure needed to scale digital asset adoption in a single platform."
Technical analysis
• LINK exhibited extraordinary bullish momentum throughout the preceding 24-hour period from 17 July 13:00 to 18 July 12:00, surging from $17.25 to a zenith of $19.12 before settling at $18.43, CoinDesk's analytics model said.
• Robust volume-supported resistance established proximate to $19.12 with support consolidating near $18.33.
• The asset presently consolidates within a constrained range between $18.25-$18.55, suggesting potential continuation of the upward trajectory following this constructive retracement.
• Principal resistance levels materialise at $18.90 and $19.12, whilst support appears well-established at $18.25 and $17.65.
• The price action corroborates the continuation of the broader uptrend with the asset successfully defending the $18.33 support zone.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Silver nears $1 billion in volume on Hyperliquid as bitcoin remains frozen: Asia Morning Briefing
Silver perps have more volume on Hyperliquid than SOL or XRP.
What to know:
- Silver futures on the Hyperliquid crypto derivatives exchange have surged to become one of its most active markets, ranking just behind bitcoin and ether in trading volume.
- The SILVER-USDC contract’s high volume, sizable open interest and slightly negative funding suggest traders are using crypto infrastructure for volatility and hedging in macro commodities rather than for directional crypto bets.
- Bitcoin is holding near $88,000 in a "defensive equilibrium" with cooling ETF inflows, uneven derivatives positioning and rising demand for downside protection, while ether lags and capital rotates toward hard assets like gold and silver.
Top Stories
