Cryptocurrency prices had a mixed performance this week as investors focused on the recent Federal Reserve minutes and the ongoing Bitcoin consolidation. BTC price remained below $100,000, while the crypto fear and greed index moved to the fear zone. Still, there were some standout coins like Maker (MKR), Pyth Network (PYTH), and Alchemy Pay (ACH).
Grayscale, a major player in the asset management space, has launched a new fund aimed at providing exposure to an emerging altcoin.
Pyth Network: the new blockchain ecosystem.
Grayscale Investments has introduced the Grayscale Pyth Trust, a new investment vehicle offering accredited investors exposure to PYTH, the governance token of the Pyth oracle network. Pyth delivers real-time price feeds essential for decentralized applications (dApps), particularly within the Solana ecosystem, where it powers 95% of protocols.
Grayscale Investments has introduced the Grayscale Pyth Trust, allowing investors to gain exposure to the PYTH governance token while avoiding the technical challenges of direct cryptocurrency ownership.
The fund claims to offer “higher-beta” exposure to the growth of the Solana ecosystem as Grayscale continues to expand its suite of single-asset crypto funds.
Grayscale is adding to its offerings, debuting a Pyth Trust as demand for crypto-focused investment products surges.
Grayscale's Pyth Trust launch could accelerate institutional crypto adoption, offering a regulated pathway to emerging digital asset investments. The post Grayscale launches Pyth Trust for US accredited investors appeared first on Crypto Briefing.
Crypto-focused asset manager Grayscale has announced the creation and launch of the Grayscale Pyth Trust. Pyth Trust is a single-asset crypto investment fund designed to offer exposure to Pyth Network (PYTH), the native governance token of the oracle network's ecosystem.
The Grayscale Pyth Trust offers accredited investors exposure to PYTH, the governance token behind Solana's leading oracle network.
Crypto asset management firm Grayscale Investments has announced the launch of a new investible asset on Tuesday. The new Grayscale Pyth Trust will offer accredited investors exposure to PYTH, the governance token of the Pyth network.
Robinhood's expansion into Solana-based tokens could boost retail investor engagement and support the growth of decentralized finance ecosystems. The post Robinhood expands crypto offerings with Pyth Network token PYTH appeared first on Crypto Briefing.
TL;DR FDUSD-FOMO Pay Partnership: First Digital USD (FDUSD) partners with FOMO Pay to enable on-chain stablecoin payments for merchants on Ethereum and Solana blockchains. Merchant Integration: Over 200,000 merchants across Asia will now accept FDUSD, leveraging faster settlement times and reduced fees.
First Digital, the group behind the FDUSD stablecoin, has joined hands with FOMO Pay, a licensed Major Payment Institution in Singapore and Hong Kong, to add the stablecoin to FOMO Pay's payment solutions on Ethereum and Solana. The post FDUSD Integrates with FOMO Pay on Ethereum and Solana, Enables Payments to Merchants appeared first on Cryptonews.
Yesterday, the exchange Coinbase added the projects Etherfi (ETHFI) and Bittensor (TAO) to its listing roadmap.
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First Digital USD (FDUSD), a multi-blockchain audited stablecoin pegged to the U.S. dollar, enhances its availability on Binance (BNB), the largest crypto exchange by trading volume and user count. Traders are invited to deposit and withdraw FDUSD paying no fees.
TL;DR Pyth Network's Lazer Oracle offers ultra-low-latency price feeds, bridging the gap between DeFi and TradFi with real-time data updates. Key features include customizable frequency channels and detailed market data, enabling DeFi protocols to compete with centralized exchanges. The launch marks a significant milestone, eliminating inefficiencies and front-running risks, driving growth in the DeFi space.
Pyth Network has introduced Lazer, a new oracle solution designed to complement its existing Pyth Core offering.
FDUSD, a 1:1 USD-backed stablecoin, expands to Solana blockchain, integrating with top DeFi protocols amid growing demand for stable digital assets.
Historically, Tether's USDT has dominated the cryptocurrency market as the primary source of crypto liquidity. However, data cited by on-chain tools have noticed an apparent shift in trader preferences as USDT loses some of its market grip to Circle's USDC and Binance's FDUSD.
Investors today are buying cryptocurrencies that hold strong, as this is a major step towards owning digital assets and gaining financial freedom. This was the picture PYTH and TEZOS painted, holding firm in the cryptocurrency market until recently when their prices started dipping.
Pyth Network is partnering with Revolut to contribute to both centralized and decentralized financial markets. The pair will distribute Pyth's sophisticated price data through Revolut's massive user base.
Revolut, the U.K.-based digital banking giant, is the latest company to join the Pyth Network as a data publisher.
Revolut breaks new ground as the first traditional finance institution to join Pyth Network as a data publisher, aiming to enhance DeFi market transparency through reliable crypto price feeds.
TL;DR Revolut becomes the first banking data publisher to join the Pyth Network, integrating its data into Pyth's price feeds for DeFi applications. The Pyth Network, which provides real-time market data, will strengthen its infrastructure with this collaboration, expanding its feeds to over 500 sources.
PYTH is down by 9% in the past 24-hours despite the deal.
Revolut has teamed up with Pyth Network to contribute proprietary digital asset price data to its decentralized oracle system. This partnership seeks to empower DeFi applications with precise, real-time market data and improve decision-making for developers and users across blockchain ecosystems. The post Revolut Partners With Pyth Network to Supply Market Data appeared first on Cryptonews.
Pyth Network partners with Revolut to integrate digital asset data into DeFi, bridging the gap between TradFi and Web3.
Revolut will integrate its data into Pyth price feeds, allowing DeFi developers to incorporate it into their decentralized applications.
Story Highlights The live price of the Pyth token is . This altcoin could hit its potential high of $0.68 in 2025. PYTH price with a potential surge could go as high as $2.56 by 2030. The digital finance world is constantly evolving, and at the forefront of this evolution is the Pyth Network (PYTH).
This major development opens the door for DeFi applications tied to energy markets. By launching real-time oil price feeds, Pyth is bridging the gap between traditional financial markets and decentralized solutions.
Pyth Network has expanded its decentralized oracle services with real-time oil market data for WTI and Brent Crude Oil, enabling DeFi energy market applications.
The proposal to buy back tokens with protocol revenues is intended as a new value accrual mechanism for tokenholders.
A closely followed crypto trader and Elliott Wave specialist is forecasting rallies for several altcoins amid a correction in the digital asset markets. Pseudonymous trader Bluntz tells his 304,000 followers on the social media platform X that the utility token for decentralized oracle service Pyth Network (PYTH) has broken out of a bull flag pattern.
The PYTH token has been on a stunning upward trajectory in recent months, posting an impressive 90.29% price increase in the past 90 days. Trading at around $0.475, PYTH is currently pushing against a significant resistance level at $0.52.
The digital assets landscape saw bullish actions today, with the global crypto market cap surging 1.78% to $3.32 trillion. The upside came as Bitcoin rebounded to a daily high of $97,357 early today. BTC changes hands at $95,650 at press time as enthusiasts await the highly sought-after $100,000 milestone.
November was marked by Bitcoin reaching a new all-time high, with other coins like Solana and SUI following its lead. Although the altcoins season may not be here yet, as BTC continues to dominate the charts, projects like Virtual Protocol (VIRTUAL), Pyth Network (PYTH), and Raydium (RAY) are showcasing impressive growth.
Binance's BNSOL introduces a revolutionary staking solution, allowing users to maintain liquidity while earning attractive rewards.
Pyth Network (PYTH) exhibits robust bullishness as it approaches a channel breakout that could trigger a 73% price surge. The altcoin saw renewed bullish momentum over the past day after 21Shares launched multiple four ETPs, including a PYTH one.
Binance announces the launch of Pyth Network (PYTH) on BNSOL Super Stake, offering users PYTH APR Boost Airdrop Rewards for staking SOL into BNSOL.
With fresh bullish momentum, the PYTH network is back among top performers. Following the overnight surge of 10%, the PYTH price is ready for channel breakout. Will this breakout rally result in a 70% surge? Let's find out in this Coinpedia's PYTH Price Analysis.
Crypto product firm 21Shares is launching new exchange-traded products (ETPs) centered around four prominent digital assets.
21Shares has introduced four new exchange-traded products (ETPs) focused on emerging blockchain technologies. The new offerings include the NEAR Protocol Staking ETP, Ondo ETP, Pyth Network ETP, and Render ETP.
21Shares, a leading investment firm in the crypto sector, has expanded its portfolio with four new exchange-traded products (ETPs)—NEAR Protocol Staking ETP, Ondo ETP, Render ETP, and Pyth Network ETP—cementing its position as a pioneer in offering regulated access to blockchain innovations.
$2.9M in $PYTH stolen via zero-transfer phishing on Solana. Scammers swapped stolen $PYTH for $SOL, consolidating stolen funds.
With the ongoing surge in interest in meme coins, a leading Solana NFT marketplace, Tensor, is launching Vector.fun.
The makers of Solana NFT marketplace Tensor are teasing a new SocialFi app called Vector.fun, which could be poised to take on Pump.fun.