PYTH surges 70% after the US government tapped Pyth Network and Chainlink to help publish official economic data on multiple blockchains. The native token of the Pyth Network surged on Thursday after the project confirmed it had been selected by the US Department of Commerce to verify and distribute economic data onchain — a move that places blockchain technology at the center of official government processes and highlights the important role of data oracles. According to CoinMarketCap, the PYTH token peaked just above $0.20, marking a daily gain of more than 70%. It was last trading just below $0.19, still up about 62% on the day. The rally propelled PYTH to its highest level since February, lifting its market capitalization above $1 billion, while trading volumes skyrocketed more than 2,700% in the past 24 hours. Read more
Caliber’s stock soared 77% after the Nasdaq-traded firm announced a Chainlink treasury plan, even as it faces potential delisting over a $17.6 million deficit. Shares of Nasdaq-traded real estate asset manager Caliber shot up as the firm announced its pivot to a Chainlink treasury, despite an ongoing exchange probe. According to a Thursday announcement, Caliber’s board of directors has approved establishing a digital asset treasury strategy focused on Chainlink (LINK). Under its new policy, the company intends to allocate a portion of its funds to acquire LINK tokens. Caliber’s board also appointed a crypto advisory board tasked with guiding management on digital asset strategy, policy and related initiatives. The news appears to be well-received by market participants, with Google Finance data showing that the company’s stock rose by 77% in pre-market trading and maintained this newly acquired value into the early trading day. Read more