Chainlink exec targets institutional onchain markets at TOKEN2049
Chainlink (LINK)
Editor:
Eugene Serbin
cryptobriefing.com reports that Andrew McCormick, Chainlink Labs’ Head of Institutional and Market Development, will present at TOKEN2049 Singapore on October 7-8. McCormick, a former executive at Morgan Stanley, E*Trade, and eToro US, argues that traditional finance is moving onchain. He highlights three key shifts: 24/7 trading, T+0 settlement, and programmable collateral.
The event at Marina Bay Sands expects over 25,000 attendees and features speakers from Nasdaq and BlackRock. McCormick cites McKinsey forecasts predicting tokenized assets could reach $4 trillion by 2030. He points to the GENIUS Act and CLARITY Act as regulatory enablers for this growth.
Chainlink’s Data Streams and Cross-Chain Interoperability Protocol (CCIP) support these onchain equities and ETFs. The focus has shifted from whether tokenization will happen to how it will be implemented. This hiring signals that Chainlink is targeting trading desks rather than just DeFi users.
How the market reacted
Whalio's own Binance spot order flow for LINK, measured when this story was written up on 7 October 2026. Not the outlet's figures.
LINK trades at $13.96 with a 24-hour buy ratio of 46.4%, indicating that buyers controlled less than half of the volume. The 1-hour buy ratio of 44.2% and the 4-hour ratio of 43.3% show that selling pressure remains consistent across shorter timeframes. Volume Delta is negative across all periods, with -$1.18 million over 24 hours, meaning sellers absorbed more liquidity than buyers. The CVD close matches this negative delta, confirming sustained outflow. Only 7 of the last 24 hours saw net buying, suggesting a lack of strong upward momentum.
The latest daily buy ratio of 49.4% sits at the 56th percentile of the last 322 days, against a median of 48.8% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for LINK, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 46.7%, slightly higher than the current 24-hour reading of 46.4%. Spot volume for the day was 0.39 times the weekly average, indicating significantly lower activity than usual. The coin experienced a 4.4% price drop over eight days, with a total Volume Delta of -$23.47 million. Only 2 of the past 7 days saw net buying, highlighting a broader trend of seller dominance. This represents an unusual day for the coin, characterized by below-average volume and persistent selling pressure.