What to Know
Caliber is among the first Nasdaq-listed firms with a LINK-focused treasury strategy.
Partnership with Coinbase Prime signals institutional-grade trust in LINK.
LINK must hold $20 support to confirm long-term bullish momentum.
Caliber, a Nasdaq-listed alternative asset manager, made headlines today with a major move into the crypto world. The company announced it will use Coinbase Prime to power trading and custody for its new Chainlink (LINK) treasury strategy.
The announcement shows that more traditional financial companies are now seeing crypto as more than just an investment; it’s also a key part of their long-term balance sheet strategy.
Caliber Bets on LINK with Coinbase Prime
According to the press release, Caliber has chosen Coinbase Prime as its main partner for handling LINK purchases, trades, and custody services. Coinbase Prime is Coinbase’s institutional platform that focuses on security, liquidity, and compliance for big investors and companies.
“Caliber is committed to building a treasury strategy that reflects the future of finance, and Chainlink is a key part of that,” the company said. “By working with Coinbase Prime, we gain access to deep liquidity and trusted custody services.”
Today’s move marks one of the first times a Nasdaq-listed company has publicly announced a LINK-focused treasury plan. Until now, most corporate treasury crypto strategies have centered on Bitcoin or Ethereum. Caliber’s decision makes Chainlink the latest token to get mainstream corporate backing.
Why Chainlink?
Over the past few years, LINK has become the go-to solution for DeFi protocols, insurance projects, and even tokenized real-world assets. Caliber’s support shows confidence in LINK’s long-term role in connecting traditional industries with blockchain systems. “Chainlink’s technology solves a huge challenge in blockchain adoption how to bring reliable off-chain data into on-chain systems,” Caliber said. “We believe LINK is well-positioned as this sector grows.”
Today, Chainlink co-founder Sergey Nazarov explained how standards are the foundation of all blockchain and DeFi transactions. By creating a unified framework, Chainlink’s goal is to reduce complexity, improve reliability, and connect DeFi with the broader financial system. Nazarov started off by noting that the industry is fundamentally about transactions, whether it is DEX transactions, stablecoin transactions, real-world asset transactions, or cryptocurrency transactions. “Tens of trillions of dollars in liquidity merged into a single global Internet of Contracts.”he added.
LINK Price Reacts
According to CoinMarketCap, Chainlink rose 2.37% to $21.90 in the past 24 hours, outperforming the broader crypto market, which dipped 0.23% in market cap over the same period. Last week, the SEC streamlined crypto ETF approvals, allowing exchanges to list products if they meet basic standards. Chainlink was explicitly named in pending ETF applications, alongside Solana and Cardano. Analysts say an eventual LINK ETF could attract big institutional flows, much like Bitcoin ETFs did earlier this year. The interest cut by the Federal Reserve rates boosted risk assets, including crypto. LINK initially jumped ~5% before cooling to its current 1.82% gain. Lower rates generally make crypto more appealing as investors move away from bonds.
Yesterday however amid a broader crypto market selloff that wiped out over $1.5 billion in leveraged long positions, Chainlink dropped sharply, declining almost 12% from the opening price of $22.96 to the intraday low of $20.30. This crash broke below the key horizontal support zone at $21–22, driving LINK price down to test the $20 psychological level, which also aligns with the prior breakout area from July.
Apparently, whales saw an opportunity in the dip, with over 800,000 LINK accumulated by large holders during the selloff, according to analyst Ali Martinez.
What’s Next
Caliber’s decision could set the stage for more Nasdaq-listed firms to diversify beyond Bitcoin and Ethereum into utility tokens like LINK. If ETFs gain approval and treasury strategies expand, Chainlink could move from being DeFi’s backbone to a mainstream corporate asset. The next big test will be whether LINK can hold above $20 and reclaim the $22 resistance zone, fueled by institutional adoption and whale accumulation.
Also Read: UXLINK Cracks Down on Unauthorized Minting After Major Phishing Scam
