The post LINK Cools After August Gains as Token Buybacks Top $5.5M appeared on BitcoinEthereumNews.com. LINK, the native token of oracle service Chainlink has been under pressure recently as a number of positive headlines failed to break the decline. The token slid another 2.8% over the past 24 hours to $22.4 while the broader market, as measured by the CoinDesk 20 Index was little changed, CoinDesk data shows. It’s trading 15% lower since topping $27 on Aug. 22, despite being tapped by the U.S. government to publish economic data on the blockchain and Bitwise filing for a LINK exchange-traded fund (ETF). The cool-off period follows a rally that saw the token booking a 37% gain in August, one of the strongest advances among major cryptos. It also coincides with bitcoin BTC$110,726.08, ether (ETH) and the broader crypto market pulling back since mid-August. The losses occurred even though the Chainlink Reserve, an automated mechanism that buys tokens on a weekly basis, essentially taking them out of circulation and reducing supply, purchased another 43,937 LINK on Thursday. Since its debut in early August, the mechanism has bought a total of 237,014 tokens, worth $5.5 million at current prices. Technical analysis LINK encountered persistent bearish pressure, forming lower highs and lower lows as the broader crypto market is in a consolidation period, CoinDesk Research’s technical analysis model shows. Key technical support levels established around $22.28-$22.32. Strong volume-backed resistance formed around the $23.10-$23.16 level. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy. Source: https://www.coindesk.com/markets/2025/09/04/link-slides-15-from-august-peak-even-as-chainlink-reserve-removes-usd5-5m-from-circulationThe post LINK Cools After August Gains as Token Buybacks Top $5.5M appeared on BitcoinEthereumNews.com. LINK, the native token of oracle service Chainlink has been under pressure recently as a number of positive headlines failed to break the decline. The token slid another 2.8% over the past 24 hours to $22.4 while the broader market, as measured by the CoinDesk 20 Index was little changed, CoinDesk data shows. It’s trading 15% lower since topping $27 on Aug. 22, despite being tapped by the U.S. government to publish economic data on the blockchain and Bitwise filing for a LINK exchange-traded fund (ETF). The cool-off period follows a rally that saw the token booking a 37% gain in August, one of the strongest advances among major cryptos. It also coincides with bitcoin BTC$110,726.08, ether (ETH) and the broader crypto market pulling back since mid-August. The losses occurred even though the Chainlink Reserve, an automated mechanism that buys tokens on a weekly basis, essentially taking them out of circulation and reducing supply, purchased another 43,937 LINK on Thursday. Since its debut in early August, the mechanism has bought a total of 237,014 tokens, worth $5.5 million at current prices. Technical analysis LINK encountered persistent bearish pressure, forming lower highs and lower lows as the broader crypto market is in a consolidation period, CoinDesk Research’s technical analysis model shows. Key technical support levels established around $22.28-$22.32. Strong volume-backed resistance formed around the $23.10-$23.16 level. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy. Source: https://www.coindesk.com/markets/2025/09/04/link-slides-15-from-august-peak-even-as-chainlink-reserve-removes-usd5-5m-from-circulation

                                                                               BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate.                     BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more