Swift and Chainlink are teaming up with several major financial institutions, including ANZ, BNP Paribas, and Citi, to test how they can use Swift's infrastructure to transfer tokenized assets across multiple blockchain networks. Chainlink will provide connectivity across both public and private blockchains for these experiments.

Chainlink has outlined plans to revolutionize the real estate market through tokenization, which would streamline processes, increase liquidity, and enable digital ownership.

Chainlink has been attempting to reverse its recent losses, but is currently trading under a crucial resistance mark. The altcoin has only appreciated by 0.4% in the last 24 hours, indicating consolidation. The technical outlook for Chainlink is bearish, with low buying strength and accumulation. If Bitcoin does not stabilize above $27,500, sellers may pull Chainlink down further. The altcoin is currently priced at $6.60 and needs to break above $6.80 to avoid bearish dominance.

This article is not intended as financial advice and represents the opinion of the writer. The article discusses the recent market control exerted by sellers over Chainlink's LINK token, resulting in over 80% of LINK holders being at a loss.

Chainlink (LINK) experienced a dip of 25.67% between April and May 11, but has since seen a strong recovery, with the coin rising to a local high of $6.782 on May 21. This has led to a bullish sentiment in the market, with investors and traders feeling optimistic about the future.

In a recent episode of the Chain Reaction podcast, Sergey Nazarov, co-founder of Chainlink, discussed how oracle networks are essential to powering smart contracts and enabling advanced applications in decentralized finance (DeFi), gaming, NFTs and other industries. He also emphasized the importance of cryptographic guarantees in web3 for creating a more reliable and secure system compared to the current Web 2.0 world that is not guaranteed in any meaningful way. Nazarov believes that technological guarantees through smart contracts can provide a parallel system of contracts without human choice or legal systems. The podcast covers various topics surrounding smart contracts, cross-chain interoperability, traditional companies tokenizing assets and AI/blockchain technology.

Chainlink and Arbitrum have launched Chainlink Verifiable Random Function (VRF) on Arbitrum One, providing developers with access to the leading RNG in the blockchain industry. This integration offers a range of benefits to developers creating new smart contracts and Dapps, including the ability to build secure, scalable, and fair applications such as NFTs and gaming. The partnership between Chainlink and Arbitrum continues to grow as they work together to help developers build advanced DApps that can trigger key smart contract functions. Stay up to date with the latest developments in the world of blockchain and cryptocurrency by checking out our updated list of crypto presale projects and Telegram channels for 2023. Don't miss out on the next big thing in the crypto world.

DeSpread, a Web3 consulting firm, has partnered with Chainlink Labs to enhance South Korea's digital landscape. The collaboration aims to boost the growth of Chainlink services and support the development of innovative BUILD projects across the country. DeSpread will leverage its expertise in Web3 consulting to enhance the reach and impact of Chainlink services in the South Korean market.

Earn Alliance, a Web3 gaming community and service provider, has integrated Chainlink's Verifiable Random Function (VRF) on Polygon's mainnet to ensure a fair Genesis NFT mint for their battle royale game, Last Remains. This integration provides a secure and verifiable source of randomness. Earn Alliance offers a range of services to Web3 games, including community building, marketing NFT launches, and player onboarding. Their commitment to fair play, transparency, and user experience is evident in their selection of Chainlink VRF and future plans to offer a comprehensive smart contract-free mint service. This partnership sets new standards in the Web3 gaming industry.

While some cryptocurrencies like Filecoin (FIL) and Chainlink (LINK) are slowly recovering from the bearish market, TMS Network (TMSN) has seen a 1,700% increase in its token value during phase two of its presale.

Multi-asset lending protocol Whitehole Finance has partnered with Chainlink to enhance its security and reliability. As part of the partnership, Whitehole Finance will make 5% of its native token supply available to Chainlink service providers. The company aims to accelerate the growth of its ecosystem and the long-term adoption of NFT and cryptocurrency lending with the help of Chainlink's industry-leading oracle services.

Coinbase Cloud has partnered with Chainlink to enhance the security and reliability of the blockchain oracle network. As a new node operator, Coinbase Cloud will utilize its global infrastructure and expertise in managing blockchain data to improve the decentralization of the Web3 ecosystem.

The Chainlink price has been trading within a narrow range, resulting in decreased investor interest. However, there has been a 1.5% increase in the past 24 hours, indicating sideways movement. Despite the gains, technical analysis suggests that the bears still control the price action. While there are signals of a potential reversal, broader market strength will be necessary for LINK to initiate a price recovery. At the time of writing, the price of LINK was $6.78, attempting to break its sideways trading pattern while remaining below its resistance level of $6.90.

Chainlink is positioning itself as a bridge between tokenized assets and banks as the adoption of tokenized assets increases in capital markets. The network aims to provide a single, universal interface for financial institutions to access Web3 and interact with blockchains effectively.

Solana and Chainlink both saw gains in today's session as the cryptocurrency market began to recover from Friday's dip. Solana rose by 5% and moved back above the $20 mark, rebounding from an interim floor at $19.90. Chainlink also rose and broke out of a key price point, reaching a high of $6.63 before settling at $6.58. The relative strength index for both tokens showed positive momentum, with Solana's RSI tracking at 46.49 and Chainlink's price strength at 41.20.

The bearish trend a few days ago brought Chainlink (LINK) down to $6.735 on April 26. The bulls tried to recover and drove the price of LINK to a solid 24-hour high of $7.30, but it later fell to a 7-day low of $6.773.

The price of Chainlink had been in a period of consolidation over the past few sessions. However, the bulls were recently able to break above an important resistance level. Despite this recent bullish action, the daily chart showed a 6% depreciation and on the weekly chart, LINK had a 9% loss.

Mobile-first blockchain Celo has joined Chainlink’s Scale program, giving it access to the data provider’s oracle services at a relatively low cost by paying with its own CELO token.

Chainlink's low-latency oracles will integrate with the decentralized exchange GMX, following a successful governance proposal that sought to provide more real-time market data to GMX v2. The new oracles will improve upon the functionality of perpetual DEXs and price-sensitive trading on GMX, as well as strengthen security and improve user experience. The oracles utilize the same oracle node operators and data aggregation mechanisms used in existing Chainlink reference feeds, but extract data at a higher frequency. In return for the service, Chainlink will receive 1.2% of protocol fees generated by the low-latency oracles from the GMX protocol. GMX currently has a combined total value locked of $669 million on the Avalanche and Arbitrum networks. (Cointelegraph)

Litecoin rose marginally higher to start the week, despite cryptocurrency markets mostly trading lower on Monday. The global crypto market cap is down 0.15% at the time of writing, as volatility remains high. Chainlink also moved higher in today’s session.