“Chainlink’s Link Token Surged AFTER IT ANNUNCED THAT IT WILL HOST Official Macroconomic Data Feeds from the US Commerce Department on Blockchain Via Ccip.”, – WRITE: www.coindesk.com
Key Macroeconomic Statistics From The Bureau of Economic Analysis – Such As Real Gross Domystic Product (GDP), The Personal Consumption Expenditures – Are now Accessible Onchain Through Chainlink Data Feeds, The Company Announced in a Blog Post on Thursday. Six Data Points in Total Are Being Published, Incling Both Absolute Levels and Annualized Percentage Changes.
The Data Is Being Made Available Across Ten Blockchain Networks, Including Ethereum Eth$ 4,574.28Avalanche Avax$ 24.76 and Optimism Op$ 0.7201. Chainlink Says the Feeds Will Update Monthly or Quarterly, Mirroring the Release Schelyules of Their Traditional Councherparts.
The Initiative Opens Up New Possibilities for Developers Building in Defi and Beyond. For example, lending protocols could adjust interest rates bassed on GDP Trends, While Predict Markets Might Incorport the PCE Index to CrowdSource Inflation Forec.
“Bringing US GOVERNMENT DATA ONCHAIN UNLOKS INNOVATIVATIVE USE CASES FOR BLOCKCHAIN Markets, Such As Automated Trading Strategies, Increased Composability of Tokenized Assets Real-Time Predict Markets for CrowdSourced Intelligence, Transparent Dashboards Powards by Immutable Data, and Defi Protocol Risk Management Based on Macroeconomic Factors.
Chainlink Has DEEPENED ITS Engagement with US Policymakers This Year, Including Several Meetings with the Securities and Exchange Commission Broker-Dealer and Transfer Agent Rules, As Well As Other Lawmakers to Help Establish The Genius Act, The Company Said.
By Bringing Federal Economic Indicators Onchain, Chainlink Is Attempting to Normalize Blockchain As A Destination for Mission-Critical Public Data-Offering Transparency and Composability Support, IT SAID.
Read More: Chainlink’s Link Gaves on Joering Sec Crypto Task Force’s Tokenization Initiative
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The San Francisco-Based Startup Has Secured $ 20 Million in New Funding, Bringing Total Capital Raised to $ 30 Million.
- The $ 20 Million Round Brings Apriori’s Total Funding to $ 30 Million, with Investors Including Pantera Capital, Hashkey Capital and IMC Trading.
- Apriori is Applying High-Frequency Trading Methods to defi to address Issues Like Wide Spreads and Mev Leakage, While Redistributing Mev to Stakers.
- The FIRM HAS LAUNCHED A LIQUID-STAKING PLATFORM AND SWAPR, an AI-Powered Dex Aggregator, and Plans to Use The New Capital To Scale Products and Hiring.
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