Pyth Network has introduced 24/7 index products covering metals, oil, and U.S. equities, adopted by major platforms like Coinbase and Kraken. This move targets the $50 billion market data industry traditionally dominated by Bloomberg, by offering onchain, real-time price feeds from institutions such as Euronext and Fidelity. Pyth's subscription service, Pyth Pro, has surpassed $1 million in annual revenue, signaling growing institutional interest. The key challenge ahead is converting data publishers and users into paying customers to sustain growth.
Fidelity Investments has integrated its Fidelity Digital Dollar (FIDD) stablecoin into Uniswap V3 liquidity pools, marking a significant move in connecting traditional finance with decentralized finance (DeFi). FIDD, pegged 1:1 to the US dollar, curr...
US spot Bitcoin ETFs experienced a $214 million outflow on June 10, driven almost entirely by BlackRock's iShares Bitcoin Trust (IBIT), which saw redemptions of about 3,580 BTC. Ethereum spot ETFs also declined by $35.6 million in the same session. T...
