Chainlink joins GAKS to support KRW stablecoin standards and adoption. LINK price sees modest rebound on partnership and whale accumulation. Technical oversold Chainlink joins GAKS to support KRW stablecoin standards and adoption. LINK price sees modest rebound on partnership and whale accumulation. Technical oversold

LINK price outlook as Chainlink joins Korea’s KRW Stablecoin alliance

  • Chainlink joins GAKS to support KRW stablecoin standards and adoption.

  • LINK price sees modest rebound on partnership and whale accumulation.

  • Technical oversold conditions may trigger a short-term price recovery for LINK.

Chainlink Labs has officially joined the Global Alliance for KRW Stablecoin (GAKS), a key initiative led by South Korean blockchain and gaming company WEMADE.

The alliance was launched in November 2025 to promote the adoption and standardisation of Korean-won-backed stablecoins.

Its goal is to ensure that KRW stablecoins meet both local regulatory requirements and global technical standards.

GAKS brings together a diverse group of members, including security firms, fintech companies, and blockchain infrastructure developers.

The inclusion of Chainlink Labs adds a major oracle network to the alliance’s roster, enhancing its technical capabilities.

Chainlink’s participation in GAKS positions the company as a central player in establishing global technical standards for KRW stablecoins.

By leveraging its oracle technology, Chainlink bridges blockchain networks with real-world data, ensuring that KRW-backed digital assets are transparent, reliable, and compliant.

The alliance benefits from Chainlink’s expertise in data integrity and verifiable real-time information, which is crucial for institutional adoption.

With this technology, KRW stablecoins can be confidently used in tokenised asset projects and other digital finance applications, both locally and internationally.

Furthermore, Chainlink’s inclusion adds institutional credibility to GAKS. Its Oracle solutions are already trusted by major global institutions such as UBS, Mastercard, and Fidelity International, signalling that KRW stablecoins under this framework are built to meet high regulatory and security standards.

GAKS, supported by Chainlink, is now well-positioned to drive real-world adoption of KRW stablecoins while maintaining transparency, trust, and technical robustness, a model that could influence other regulated stablecoin ecosystems worldwide.

The announcement of Chainlink’s partnership with GAKS has provided a modest boost to LINK’s price, up over 1% in the past 24 hours, slightly outperforming the broader crypto market.

This uptick reflects a combination of fundamental, technical, and market dynamics.

The strategic partnership directly connects LINK’s utility to South Korea’s regulated stablecoin sector, reinforcing its role as critical infrastructure for institutional finance and real-world asset tokenisation.

By participating in GAKS, Chainlink signals to investors that its technology is central to a compliant and high-growth market, which may support long-term demand for LINK.

On-chain data also points to significant accumulation by large holders, who have withdrawn LINK from exchanges, reducing immediate sell-side pressure.

This trend suggests that informed investors see current levels as a value opportunity, adding a foundation for price stability and potential rebounds.

From a technical perspective, LINK was approaching oversold conditions, with RSI briefly dropping to 38.95 and the price testing the $11.38–$11.92 support zone.

Chainlink (LINK) price analysisChainlink price chart | Source: TradingView

While the overbought conditions often precede short-term rebounds, as is currently the case, the broader market indicators remain cautious, with LINK trading below major moving averages, including the 200-day SMA around $16.056.

A more meaningful reversal would likely require a break above $13.40 (7-day SMA).

Overall, while LINK may see short-term gains from the GAKS partnership and technical rebounds, the broader trend remains bearish.

Sustained upward momentum would depend on continued institutional adoption, further technical integrations, or positive market-wide developments.

The post LINK price outlook as Chainlink joins Korea’s KRW Stablecoin alliance appeared first on CoinJournal.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Red state gov candidate claims Don Lemon 'lucky' he wasn't lynched

Red state gov candidate claims Don Lemon 'lucky' he wasn't lynched

Journalist Don Lemon's arrest and indictment by the Trump administration promoted howls of outrage from press figures around the country on Friday — but as far
Share
Rawstory2026/01/31 10:44
Tumbling market sets giants into ‘plunge protection’ mode: Crypto Daybook Americas

Tumbling market sets giants into ‘plunge protection’ mode: Crypto Daybook Americas

The post Tumbling market sets giants into ‘plunge protection’ mode: Crypto Daybook Americas appeared on BitcoinEthereumNews.com. :Crypto Daybook Americas By Omkar
Share
BitcoinEthereumNews2026/01/31 10:18
Wormhole Jumps 11% on Revised Tokenomics and Reserve Initiative

Wormhole Jumps 11% on Revised Tokenomics and Reserve Initiative

The post Wormhole Jumps 11% on Revised Tokenomics and Reserve Initiative appeared on BitcoinEthereumNews.com. Cross-chain bridge Wormhole plans to launch a reserve funded by both on-chain and off-chain revenues. Wormhole, a cross-chain bridge connecting over 40 blockchain networks, unveiled a tokenomics overhaul on Wednesday, hinting at updated staking incentives, a strategic reserve for the W token, and a smoother unlock schedule. The price of W jumped 11% on the news to $0.096, though the token is still down 92% since its debut in April 2024. W Chart In a blog post, Wormhole said it’s planning to set up a “Wormhole Reserve” that will accumulate on-chain and off-chain revenues “to support the growth of the Wormhole ecosystem.” The protocol also said it plans to target a 4% base yield for governance stakers, replacing the current variable APY system, noting that “yield will come from a combination of the existing token supply and protocol revenues.” It’s unclear whether Wormhole will draw from the reserve to fund this target. Wormhole did not immediately respond to The Defiant’s request for comment. Wormhole emphasized that the maximum supply of 10 billion W tokens will remain the same, while large annual token unlocks will be replaced by a bi-weekly distribution beginning Oct. 3 to eliminate “moments of concentrated market pressure.” Data from CoinGecko shows there are over 4.7 billion W tokens in circulation, meaning that more than half the supply is yet to be unlocked, with portions of that supply to be released over the next 4.5 years. Source: https://thedefiant.io/news/defi/wormhole-jumps-11-on-revised-tokenomics-and-reserve-initiative
Share
BitcoinEthereumNews2025/09/18 01:31