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U.S. official economic data on the chain: GDP, CPI to be released soon on Bitcoin and Ethereum
【Crypto World】The U.S. Department of Commerce has decided that starting from 2025, key economic indicators such as GDP, non-farm employment data, and CPI will be directly published on public blockchains like Bitcoin, Ethereum, and Solana. This initiative is backed by an important partnership—they have teamed up with Pyth Network to utilize cryptographic verification mechanisms to enhance data authenticity and circulation efficiency.
The head of Pyth Network has stated, what does this move signify? Washington is undergoing a fundamental shift in its approach to data modernization and public infrastructure development. In simple terms: moving from reliance on private systems to open public blockchains. This is not only a technological upgrade but also a recognition of blockchain transparency. For the entire ecosystem, this marks another milestone in traditional finance embracing Web3.