Blockchain & Cryptocurrency Adoption - US Department of Commerce is issuing economic statistics on the blockchain, selecting Chainlink and Pith to deliver US economic data [1][2] - The department published an official hash of its quarterly GDP data released for 2025 to nine blockchains: Bitcoin, Ethereum, Solana, Tron, Stellar, Avalanche, Arbitrum 1, Polygon, and Optimism [4] - This initiative opens up new possibilities for developers building in DeFi and beyond, such as lending protocols adjusting interest rates based on GDP trends [4] - The US government found value in layer 1 or layer 2 blockchains to bring external data onto the blockchain [3] Chainlink Strategic Reserve - Chainlink Strategic Reserve is funded directly by off-chain and on-chain revenue [8] - Big enterprises or the US Commerce Department pay for Chainlink services in fiat or stable coins, which is then converted into LINK and locked into the reserve [9] - As of the report, the Chainlink reserve has accumulated over 42,298 LINK, and now holds almost 200,000 LINK tokens [10] Market Sentiment & Future Outlook - The adoption of blockchain technology by the US Department of Commerce is a signal of the potential for cryptocurrency [15] - The integration of economic data on the blockchain could make crypto lending protocols more beneficial than traditional finance [6] - The speaker believes that cryptocurrency is going much higher, despite some people suggesting a bear market [13][15]
HISTORIC! Donald Trump UNLEASES Crypto Bulls in America (Chainlink & Ethereum)
Altcoin Dailyยท2025-08-28 20:21