PYTHPyth Network (PYTH) Price

Analyzing the odds of Pyth Network sustaining its current bullish market structure.

$PYTH

BlockBeats News, August 20, Prediction market platform Kalshi has applied to the U.S. Commodity Futures Trading Commission (CFTC) to launch a perpetual futures contract pegged to the copper price. According to the filing submitted on August 18, the proposed COPPERPERP contract will track the spot price of copper priced in USD per pound and will use price data provided by blockchain data provider Pyth Network. The contract will be settled in cash and will not involve physical copper delivery. Unl...

The Hyperliquid Policy Center and Douro Labs submitted a joint comment letter to the U.S. Securities and Exchange Commission on Aug. 17 supporting the proposed repeal of Regulation NMS Rule 611. Summary August 17 filing jointly backed the SEC proposal to repeal Regulation NMS Rule 611 entirely. Rule 611 prevents executions through protected quotations displaying better prices across connected U.S. trading venues. HPC and Douro asked regulators to recognize qualifying independ...

BitcoinWorld Hyperliquid Policy Center and Pyth Core Contributor Urge SEC to Scrap Rule 611 for Onchain Markets The Hyperliquid Policy Center, in collaboration with Douro Labs, a core contributor to the Pyth Network, has submitted a joint comment letter to the U.S. Securities and Exchange Commission (SEC) advocating for the repeal of Rule 611. The groups are also urging the SEC to establish clear guidance tailored to onchain markets, arguing that the […] This post Hyperliquid Policy Center and Pyth Core Contributor Urge SEC to Scrap Rule 611 for Onchain Markets first appeared on BitcoinWorld .

Smart contracts are powerful, but they are also blind. They cannot see prices, read weather data, or verify that a payment arrived in a bank account. Oracles are the infrastructure that connects blockchains to the outside world, and the security of more than $200 billion in DeFi depends on them working correctly. Summary Blockchain oracles are services that deliver external data to smart contracts. Without them, smart contracts can only read information already stored on the bloc...