Chainlink's LINK token experienced a 5% decline, trading at $13.74, even as Coinbase announced a significant partnership. The exchange plans to utilize Chainlink's Cross-Chain Interoperability Protocol (CCIP) to manage $7 billion in wrapped assets. Additionally, Caliber (CWD) has started staking 75,000 LINK to generate yield. Despite the initial drop to $13.43, LINK showed signs of stabilization with trading volume increasing by 20.4% and accumulation occurring around $13.46. Broader altcoin markets remained under pressure due to weak momentum and concerns over Federal Reserve rate policies.