Pyth @drip_haus Drop Update

**Fed delivers Halloween rate cuts** while financial markets brace for policy shifts. **France rejects ECB's digital euro** - pushing back against the central bank's digital currency initiative. **IBM returns to blockchain** - the tech giant makes another play in distributed ledger technology. The Epicenter newsletter breaks down this week's major financial developments in a quick 5-minute read. [Subscribe to The Epicenter](https://pyth.substack.com/p/trick-or-trade?r=pbwvy&utm_campaign=post&utm_medium=web&triedRedirect=true)

**Pyth Network warns of fake LinkedIn profile** claiming to represent their business development team. The oracle network is **actively working with LinkedIn** to remove the fraudulent account and protect partners from potential scams. **Key safety measures:** - Only communicate with official @pyth.network email addresses - Verify contacts through official channels - Report suspicious profiles immediately This follows a **pattern of impersonation attempts** targeting web3 projects, highlighting the need for increased vigilance when engaging with supposed team members on social platforms.

**Pyth Network strengthens BTCfi ecosystem** by delivering institutional-grade data infrastructure on Sui Network and other blockchain platforms. The oracle network continues expanding its reach beyond traditional DeFi, now **powering Bitcoin-focused financial applications** with reliable data feeds. - Provides critical price and market data for BTCfi protocols - Leverages Sui Network's high-performance blockchain infrastructure - Supports institutional-quality standards for financial applications This development positions Pyth as a **key infrastructure provider** for the growing BTCfi sector, enabling more sophisticated Bitcoin-based financial products.

**Pyth Network is making significant inroads into traditional finance**, with Douro Labs' Head of Institutional BD Mike James appearing on CNBC's Crypto World to discuss the company's progress. **Key developments include:** - Partnerships with major exchanges to create a unified source of financial data - Integration of prediction market data from Kalshi - Collaboration with the U.S. Department of Commerce on GDP data The appearance highlights Pyth's growing role as a bridge between traditional financial markets and blockchain infrastructure. The network continues expanding its data offerings across 100+ chains. [Watch the full CNBC episode](https://youtu.be/uwD7kZgnmB0)

The **Pyth Data Association** has launched a new grant program targeting developers to verify Pyth Entropy smart contracts across multiple blockchain networks. **Mission Overview:** - Verify Pyth Entropy proxy and implementation contracts - Cover both mainnets and testnets across supported chains - Strengthen network transparency and streamline integration **Reward Structure:** - **1,000 PYTH tokens** per eligible chain verified - First-come, first-served basis for each chain - Separate rewards for mainnet and testnet verification **How to Participate:** Developers can access full details and terms through the [official dev forum](https://dev-forum.pyth.network/t/pyth-entropy-smart-contract-verification/442). This initiative builds on Pyth's expanding Entropy ecosystem, which provides on-chain random number generation services across various blockchain networks.