MORNING MINUTE: United States has just put GDP on the chain

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are yours and do not necessarily reflect those of Decrypt. Subscribe at the morning minute In substation.

GM!

Today’s main news:

• Crypto Majors Deep Red Down 3-6% ahead of PCE; BTC at $ 110,000
• The US Department of Commerce begins to publish Blockchain GDP data with Chainlink and Pyth Support
• CTFC erases the way for cryptographic protocols on the high seas to embrace users
• American Bitcoin plans from the Trump family for the September OPI
• COPE runs 100 times more than a day, leading meme corridors in the chain

🇺🇸📊 The United States has just put GDP on the chain

An important American agency has promoted the data of the central macro in the chain.

And open a new lane for cryptographic markets.

📌 What happened

The Commerce Department began publishing official economic statistics in Blockchains and used oracle Suppliers Bond and pyth to distribute the data for Smart contract wear.

The initial deployment includes multiple networks, with Fainlink Feeds already live.

For a rapid general description of the details:

• The types of data in the chain: real GDP (level and qoq annualized %), PCE price index (level and qoq annualized %) and real final sales to private national buyers (level and qoq annualized %)
• Frequency: Updates arrive monthly or quarterly as appropriate
• Where he is publishing first (Chainlink Feeds): arbitrum, avalanche, base, botanix, ethereum, line, mantle, optimism, sonic, zksync, with demand expansion support based on demand -based expansion
• Pyth’s role: verify and distribute GDP releases, initially providing quarterly series with historical filling

The news loved the market with Pyth scraping sharply 100% In the ad, and the link appears 5-8% (before retracting).

🗣️ What they are saying

“The Trade Department will begin to issue its statistics in the block chain … and we are going to publish GDP in the block chain, so that people can use the block chain for data distribution.” – Howard Lutnick’s Secretary of Commerce.

🧠 Why does it matter

There is a lot to unpack here, but everything is incredibly optimistic.

From a government’s perspective, publish official numbers in public chains makes them manipulators and instantly verifiable by anyone. Which increases confidence in data (and trust).

From a data integration perspective, smart contracts can now react to GDP or PCE in real time. Think of payments linked to GDP, chain hedges, automatic realization funds and cleaner prediction markets that are established in official and immutable foods.

From a cryptographic perspective, we now have a federal agency that uses cryptographic oracles to publish official numbers, pointing out the cryptographic infrastructure is becoming the main current.

This is a decisive moment for cryptography.

The world’s largest players are beginning to use blockchains for one of their planned native purposes (transparency and decentralization).

The United States government is a winner here (efficiency profits), the American people are a winner here (more transparency), Link and Pyth are direct winners here (which show their usefulness) and so is the largest cryptographic space (more adoption and credibility).

Are you tired of winning yet?

🌎 Macro crypt and memes

Some Crypto and Web3 headlines that caught my attention:

• Crypto Majors were deep red ahead of PCE data; BTC -2.5% at $ 110,000, ETH -6% at $ 4,340, XRP -4% to $ 2.87, Sun -3% at $ 208
• Pyth (+98%) and superior LED engines of the pump
• ETF eth He continued his green streak with $ 39.1 million in net tickets (lower in 6 sessions), while BTC saw $ 178.9 million in net tickets
• The United States Department of Commerce It has begun to publish GDP data on Bitcoin, Ethereum, Solana and more, with Oracle Feeds through Chainlink and Pyth (+98%)
• The CFTC He clarified a route for the high -seas encryption to serve users, raiding the way for the use of protocols such as Binance
• JPMorgan said BTC is undervalued in front of gold As volatility reaches the minimum registration
• USDT is arriving in Bitcoin through RGB Capa-2enabling stable transactions in USD in BTC

In corporate treasures

In memes

• Memecoin leaders They are red in the day; Doge -4%, Shiba -3%, Pepe -4%, Pengu -5%, Bonk -4%, Trump -2%, SPX -11%and Fartcoin -5%
• FACE It was the best sun runner in the chain of the day, running to 800% at $ 15 million in the peak (now $ 10 million)

💰 Token, Airdrop and Protocol Tracker

Here is a summary of the main news of Token, Protocol and Airdrop of The Day:

• Solarium The validators began to vote Alpenglow Consensus update aimed at the almost instantaneous purpose
• Cyberkongz He announced that 2% of his next Kong Airdrop will go to OpenSea users with $ 10K+ volume since 2023
• Rabby wallet caused by hyperlychide integration
• XPL jumped 24% at $ 0.92 ($ 9.2b FDV) only 2 days after the brief liquidation
• In Raise News, The Bitcoin portal raised $ 50 million to expand the cross -chain trade battery from “Bitcoin Grade”; M0 closed a Stablecoin platform of the B series of $ 40 million at the scale; The rain raised $ 58 million for Stablecoin cards linked to visa

🤖 ai x crypto

Section dedicated to the headlines in the AI ​​sector of Cryptography:

• General Market Cover Even at $ 13.2b, the leaders were red
• Fartcoin (-5%), virtual (-4%), tibbir (-2%), Aixbt (-2) and Ai16z (-3%)
• Gamble (+70%), Yousim (+40%) and Anon (+21%) Top Movers LED

🚚 What is happening in NFTS?

Here is the list of other notable headlines of the day in NFT:

• ETH NFT leaders were mixed; Punks +2% to 46.5 ETH, Pudgy -2% to 10.1, Bayc even at 9.7 eth
• Sappy Seals (+28%) and veefriends (+14)
• Bitcoin NFTS They were mostly green, led by Adderrels (+16%)
• Abstract nfts They were mixed, led by bassist (+15%)