LINK

ChainLink

Partnership positions Chainlink as the canonical oracle and cross-chain infrastructure provider for ADI Chain, supporting the UAE's dirham-backed stablecoin initiative and enabling secure blockchain connectivity for over one billion users across emerging markets. ADI Foundation , the Abu Dhabi-based institutional blockchain platform founded by Sirius International Holding – the digital arm of IHC , one of the largest investment companies in the world – and Chainlink , the industry-standard oracle platform, today announced a strategic partnership to integrate the Chainlink platform, including the Cross-Chain Interoperability Protocol (CCIP) , across ADI Chain and its expanding ecosystem of institutional partners. The partnership integrates Chainlink as an infrastructure provider for blockchain services across ADI Chain’s ecosystem, including oracle services for stablecoins and tokenized assets. ADI Chain is scheduled to host DDSC, a dirham-backed stablecoin initiated by IHC and FAB and licensed by the Central Bank of the UAE. As part of the partnership, ADI Foundation is integrating Chainlink CCIP to enable secure asset transfers between ADI Chain and major blockchain ecosystems, facilitating institutional-grade cross-chain interoperability. ADI Foundation will also leverage the broader Chainlink platform to power additional initiatives, including: Stablecoin Infrastructure: Chainlink's decentralized oracle network will provide price data and support reserve transparency mechanisms for stablecoins on ADI Chain Real-World Asset Tokenization: Chainlink's data infrastructure will deliver net asset value verification and offchain connectivity to support tokenized securities and funds across ADI's institutional partners Enterprise Data Services: Chainlink's high-frequency market data capabilities will power DeFi applications and institutional trading built on ADI Chain The strategic partnership builds upon ADI Foundation's recent collaborations with global financial leaders including Mastercard, BlackRock, Franklin Templeton, and M-Pesa, positioning the UAE as a central hub for regulated digital asset innovation. "Chainlink has established itself as the definitive standard for secure blockchain infrastructure, trusted by institutions worldwide to connect traditional finance with the onchain economy. As we build the digital rails for governments, central banks, and enterprises across the Middle East, Africa, and Asia, integrating Chainlink's proven oracle network and Cross-Chain Interoperability Protocol (CCIP) is essential to delivering the institutional-grade security and reliability our partners require."— Andrey Lazorenko, CEO, ADI Foundation "This strategic partnership reflects a shared vision for what blockchain infrastructure can enable in emerging markets. The ADI Foundation is building exactly the kind of institutional-grade, regulator-aligned infrastructure that will unlock digital asset adoption across the Middle East, Africa, and Asia—regions representing billions of people who stand to benefit from more efficient, transparent financial systems. Their decision to build on Chainlink validates what the world's leading institutions already know: when security, reliability, and proven performance matter most, Chainlink is the clear choice."— Johann Eid, Chief Business Officer, Chainlink Labs About ADI Foundation ADI Foundation is an Abu Dhabi-based non-profit founded by Sirius International Holding, a subsidiary of IHC, dedicated to empowering governments and institutions in emerging markets through blockchain infrastructure. The foundation's mission is to bring one billion people into the digital economy by 2030, building on a foundation of 500+ million people already within its ecosystem reach. ADI Chain is the first institutional Layer 2 blockchain for stablecoins and real-world assets in the MENA region, providing settlement infrastructure for a dirham-backed stablecoin (DDSC) initiated by IHC and FAB, licensed by the UAE Central Bank. The network operates on three pillars - Compliance, Efficiency, Security - serving governments implementing blockchain infrastructure across the Middle East, Asia, and Africa. For more information, visit the Official Website , LinkedIn , and X . About Chainlink Chainlink is the industry-standard oracle platform bringing the capital markets onchain and powering the majority of decentralized finance (DeFi). The Chainlink stack provides the essential data, interoperability, compliance, and privacy standards needed to power advanced blockchain use cases for institutional tokenized assets, lending, payments, stablecoins, and more. Since inventing decentralized oracle networks, Chainlink has enabled tens of trillions in transaction value and now secures the vast majority of DeFi. Learn more at chain.link . Media Contacts ADI Foundation media@adi.foundation Chainlink Labs press@chainlinklabs.com Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

BitcoinWorld Flowdesk Stuns Market with $28 Million LINK and ETH Deposit to Binance In a significant on-chain movement that captured immediate market attention, cryptocurrency market maker Flowdesk executed a substantial transfer of digital assets to a major exchange, potentially signaling a strategic shift. According to blockchain analytics provider Onchain Lens, an address linked to Flowdesk deposited assets worth approximately $28 million to Binance within a tight twenty-minute window. This transaction involved 1.61 million Chainlink (LINK) tokens, valued at $15.19 million, alongside 6,091 Ethereum (ETH) worth $12.92 million. Consequently, market observers and analysts swiftly began scrutinizing the implications of this sizable movement from a key institutional player. Flowdesk’s Major Binance Deposit: Transaction Breakdown The blockchain data reveals precise details of the dual-asset transfer. First, the Flowdesk-associated address moved a substantial portion of its Chainlink holdings. Specifically, the 1.61 million LINK deposit represents a notable percentage of the token’s circulating supply. Simultaneously, the address transferred 6,091 ETH, a sum equivalent to several thousand individual wallets’ total holdings. Blockchain analysts typically interpret large, consolidated deposits to centralized exchanges like Binance as preparatory steps for selling, over-the-counter (OTC) deals, or providing liquidity. However, the exact motive remains unconfirmed by Flowdesk at this time. Market makers like Flowdesk perform essential functions within cryptocurrency ecosystems. Primarily, they provide liquidity by continuously offering to buy and sell assets on trading venues. This activity tightens bid-ask spreads and facilitates smoother trading for all participants. Therefore, their wallet movements often reflect broader market-making strategies rather than simple directional bets. For instance, a deposit could precede market-making activities on Binance’s spot or derivatives markets. Alternatively, it might fund client obligations or rebalance a treasury portfolio. Asset Amount USD Value (Approx.) Key Context Chainlink (LINK) 1.61 Million $15.19 Million Oracle network token; core DeFi infrastructure. Ethereum (ETH) 6,091 $12.92 Million Smart contract platform; second-largest crypto by market cap. Total Transfer N/A $28.11 Million Executed within a 20-minute period. Analyzing the Market Impact and Context This transaction occurs within a specific macroeconomic and crypto market context. Recently, institutional involvement in digital assets has increased significantly. Furthermore, regulatory developments continue to shape trading behavior. The deposit’s size immediately raises questions about potential selling pressure on both LINK and ETH. Historically, large exchange inflows can precede short-term price volatility as the market absorbs the potential supply. Chainlink, as a leading decentralized oracle network, maintains a critical role in decentralized finance (DeFi). Its token’s price often reacts to developments in smart contract adoption. Ethereum, meanwhile, continues its transition to a proof-of-stake consensus mechanism. Consequently, large movements of ETH by institutions are closely watched for signals about staking trends or layer-2 scaling adoption. The combined value of this transfer underscores the substantial capital managed by professional crypto market-making firms. Liquidity Provision: The deposit may be intended to enhance Flowdesk’s market-making activities on Binance. Portfolio Rebalancing: Institutional entities routinely adjust asset allocations based on strategy. Client Facilitation: The move could fulfill a large OTC trade or client order. Treasury Management: Firms often move assets to exchanges for conversion to fiat or stablecoins. Expert Perspective on Institutional On-Chain Behavior Blockchain analytics has become a cornerstone of modern crypto market analysis. Platforms like Onchain Lens, Nansen, and Glassnode provide transparency into whale and institutional wallet activity. According to common analytical frameworks, exchange inflows are one of several key on-chain metrics. Others include exchange outflow volume, miner reserves, and network growth. Analysts cross-reference these signals to gauge market sentiment. For a market maker, on-chain movements are a regular part of operations. Unlike a typical investor, a market maker’s primary goal is not price speculation but profit from bid-ask spreads and arbitrage opportunities. This operational reality means their transactions do not always bear a direct bullish or bearish signal. Instead, they reflect the mechanics of liquidity provision across multiple trading venues. The concentration of such a large sum in a single transaction, however, is noteworthy even for a major player. The timing of this flow is also analytically relevant. It follows a period of consolidation for both assets. Market participants will now monitor Binance’s order books for unusual selling volume matching these deposit sizes. Additionally, they will watch Flowdesk’s associated addresses for subsequent withdrawals, which could indicate the assets were moved for purposes other than an immediate market sale. Conclusion Flowdesk’s deposit of nearly $28 million in LINK and ETH to Binance represents a significant on-chain event with multiple potential interpretations. While often viewed as a precursor to selling, such movements from institutional market makers can also signify routine liquidity management or strategic repositioning. The transaction highlights the growing scale of institutional activity in the cryptocurrency sector and the importance of sophisticated on-chain analysis. Market observers will continue to monitor the situation for impacts on LINK and ETH liquidity and price action, using this event as a case study in interpreting large-scale institutional blockchain flows. FAQs Q1: What is Flowdesk? Flowdesk is a professional cryptocurrency market maker and digital asset trading firm. It provides liquidity across various exchanges and trading platforms, facilitating smoother and more efficient markets for other participants. Q2: Why do large deposits to exchanges often suggest selling? Exchanges are the primary venues for converting cryptocurrencies into fiat currency or other digital assets. Therefore, moving a large holding from a private wallet to an exchange is typically the necessary first step before executing a large sell order on the open market. Q3: Could this deposit have another purpose besides selling? Yes. Potential alternative purposes include providing enhanced liquidity for market-making activities, facilitating a large over-the-counter (OTC) trade for a client, rebalancing the firm’s treasury, or preparing assets for use in derivatives trading or as collateral. Q4: How does Onchain Lens identify wallet addresses? Blockchain analytics firms use heuristics and clustering algorithms. They track transaction patterns, interactions with known entities (like exchange deposit addresses), and sometimes publicly available information to label wallets with probable owners, such as “Flowdesk.” Q5: What immediate market reaction followed this news? Initial market reaction typically involves monitoring order books for sell-side pressure. The news itself can influence trader sentiment, potentially leading to short-term volatility as the market assesses the potential for increased supply of LINK and ETH on Binance. This post Flowdesk Stuns Market with $28 Million LINK and ETH Deposit to Binance first appeared on BitcoinWorld .

Visa, ANZ, Fidelity International, and ChinaAMC completed a cross-border settlement pilot under the Hong Kong Monetary Authority’s e-HKD Pilot Programme Phase 2, demonstrating that institutional cross-border fund purchases can settle in near real-time rather than the standard two...

Visa, ANZ, Fidelity International, and ChinaAMC completed a cross-border blockchain settlement test. Chainlink’s protocol connected private and public blockchains, automating compliance and identity checks. Continue Reading: Visa, ANZ, Fidelity and ChinaAMC Unveil Chainlink-Based Settlement Trial in Hong Kong The post Visa, ANZ, Fidelity and ChinaAMC Unveil Chainlink-Based Settlement Trial in Hong Kong appeared first on COINTURK NEWS .

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