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Let us take a moment, dear friends, to contemplate the specifics of this partnership, as though we were examining the movements of chess pieces on a grand board. SBI, in its infinite wisdom, has declared that it will deploy Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to carry messages and assets across the vast networks of the digital world. It will use Chainlink’s superior data tools to bring the net asset value (NAV) of funds onto the blockchain, much like a cartographer marking new territories on an ancient map. And, of course, it will harness Chainlink’s Proof of Reserve to ensure that the stablecoins are as solid as the foundations of ancient Rome. Meanwhile, SBI, in a flurry of digital maneuvering, continues its work on other fronts, making separate deals with Ripple and Circle, as though to gather allies from all corners.

Back in 2010, Bitcoin was basically a digital penny. Fast forward a year, it’s soaring to $20. Six years later? A cool $17K. Now? Sitting pretty over $100K-hit an all-time high of $123K in July, because apparently, Bitcoin likes to show off. 💸

Cue the Parade 🎉

So the word goes out on the wires. The Bio people have opened the doors and the faithful are shoving in, wallets in hand, to buy a piece of the machine that’s gonna beat the reaper. Five thousand eight hundred and fifty tokens a head. A man could buy a lot of beans for that.

Behold the Ethereum ETFs, which, despite the market’s descent into chaos, continue to attract funds with the persistence of a telemarketer at midnight. According to the venerable SoSoValue, the nine U.S.-listed funds swelled their wallets by $444 million on August 25, a feat that would make a gold digger weep into her champagne. BlackRock, Fidelity, and VanEck led this charge, their inflows forming a triumphant march that turned a four-day losing streak into a $1.07 billion rebound. One might say the market’s tears were wiped away by the sheer force of institutional greed. 💸

Chainlink’s native token, LINK, has seen a steady decline in its exchange-held supply, according to on-chain data shared by crypto analyst Wimar.X. Throughout August, data shows a steady decline, with a sharp fall recorded between August 10 and 11. The shift suggests more holders are moving tokens off exchanges, reducing the available supply for trading. 🚫📉

On a Monday that felt more like an echo of despair, Chainlink plunged-yes, a ten percent plunge-like a hero in Tolstoy’s tales, only to find itself battered against the unforgiving rocks of $25 support. Once dancing at $27.87, bright and confident as a young nobleman, it now retreats into the shadows, hovering near the $26 vicinity, battered but not broken, within that ever-elusive rising channel. The traders, with their poker faces, whisper that if the $23.5 line gives way, the descent might not halt until it reaches the dark depths of $20 – a place where many a brave coin fears to dwell.

The audacity! The plan, as reported by The Information, starts with a modest $500 million raise, followed by an additional $750 million through warrants. It’s almost as if they’re trying to buy the moon and all its craters. 🌕

WebX2025 ran on August 25-26 and drew top officials and industry figures. The remark came alongside a push to make trading safer without shutting down innovation. 🚀
Because nothing says “progress” like a government that’s terrified of its own shadow. 🌑

According to the wise sages at CoinGlass, the majority of these liquidations were long positions, accounting for a hefty $826.51 million of the total. It seems traders were feeling a bit too confident, like a cat on a hot tin roof! 🐱‍👤