$LINK is $11.75 after Bottomline, a top-3 Swift provider that moves $16T a year, launched Global Pay Connect for 600+ banks on CCIP and CRE.
That's a live payment path through existing Swift messaging. Not another MoU.
Same window, the Reserve took in another ~97k LINK. Holdings 5.96M, average cost $11.15. They're buying this exact zone, not chasing the $13.60 spike from Sep 6.
Price is still 14% under that high. So the market is paying for a bounce off $10.80, not for bank access.
My read: this is a base if $11.00 holds. It is just a dead-cat if we lose $11 and never clear the Sep 11 wick at $12.20 before Nazarov sits with BlackRock and Vanguard at the Philly Fed on the 24th.
Look at where spot is sitting against that $12.20 line right now.
That's a live payment path through existing Swift messaging. Not another MoU.
Same window, the Reserve took in another ~97k LINK. Holdings 5.96M, average cost $11.15. They're buying this exact zone, not chasing the $13.60 spike from Sep 6.
Price is still 14% under that high. So the market is paying for a bounce off $10.80, not for bank access.
My read: this is a base if $11.00 holds. It is just a dead-cat if we lose $11 and never clear the Sep 11 wick at $12.20 before Nazarov sits with BlackRock and Vanguard at the Philly Fed on the 24th.
Look at where spot is sitting against that $12.20 line right now.