Breaking News: The U.S. Department of Commerce has selected Pyth Network to participate in on-chain economic data verification and distribution, $PYTH pumped 45%.

The U.S. Department of Commerce announced in the evening that it has selected the Oracle Machine project Pyth Network for on-chain economic data verification and distribution for the U.S. government. Influenced by this news, the Pyth Network Token $PYTH quickly adjusted by 45%. (Background: U.S. Secretary of Commerce: Core economic data such as GDP will be "put on the blockchain") (Additional Background: Three Steps to Control the Federal Reserve: Revealing Trump's Clear Roadmap to Reshape the U.S. Central Bank) The U.S. Department of Commerce announced in the evening that it has selected Pyth Network and Chainlink as Oracle partners. In the future, macroeconomic indicators such as Gross Domestic Product (GDP) will be verified and distributed by the blockchain. This is the first time a sovereign government has placed core economic lifeblood on a decentralized network. Motivated by this news, $PYTH surged by 50%, with the coin price rising from $0.12 to $0.18, and market sentiment quickly heated up. Chainlink's coin price also rose, but the increase was smaller than that of PYTH. Related Reports: Global Regulators Send Letter "Warning the SEC": Manage U.S. Tokenized Stocks Properly to Avoid Harming the Global Economy. U.S. Banking Industry Joins Forces to Resist the "Genius Act", Stablecoins Become a Thorn in the Side of Conservatives. U.S. Research Institutions Face Funding Crisis: Laboratories Turn to Crowdfunding, Can DeSci Open a New Future? U.S. Department of Commerce Selects Pyth Network for On-Chain Economic Data Verification and Distribution, $PYTH Surges 45%. This article was first published in BlockTempo, the most influential blockchain news media.