Chainlink (LINK) saw notable whale accumulation as three newly created wallets withdrew over 825,000 LINK—roughly $15 million—from Binance, signaling growing long-term conviction and reduced exchange sell pressure. This on-chain activity aligns with an uptick in network engagement and a steady rebound in market sentiment, historically associated with accumulation phases and early-stage recoveries.

Chainlink faced heightened sell pressure after a whale deposited 700,000 LINK (about $15.52 million) to Binance at a realized loss of roughly $2.7 million, according to on-chain monitors. After rejection near $23.1, the LINK price slid for four straight sessions to around $22.1, signaling weakening sentiment. Spot Taker CVD has stayed red for seven consecutive days, underscoring sustained seller dominance and raising fears of further downside in Chainlink.

Binance has launched Crypto-as-a-Service (CaaS), a white-label crypto trading toolkit that lets banks, brokerages, and stock exchanges offer digital asset services under their own brand while using Binance’s backend infrastructure. The turnkey solution provides access to Spot and Futures markets, deep liquidity, settlement, custody, and compliance tooling—helping TradFi institutions enter crypto without building systems from scratch.

Binance has announced the listing of OpenLedger’s native token, OPEN, marking a key milestone for the AI-focused blockchain project. The listing follows its selection as the 36th project on Binance’s HODLer Airdrops program. Eligible Binance users who participated in Simple Earn or On-Chain Yields between August 18–21, 2025, will receive retroactive OPEN token distributions before trading begins.

In a significant development for the cryptocurrency industry, the U.S. Securities and Exchange Commission (SEC) has voluntarily dismissed its civil lawsuit against Binance, the world's largest cryptocurrency exchange, and its founder Changpeng Zhao.