Pyth Launches Grant Program for Entropy Smart Contract Verification

**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)

**Building unified global financial markets** depends on accessing trusted, verifiable data directly from original sources. The foundation for connecting worldwide financial systems lies in **data integrity and verification**. Rather than relying on intermediaries or processed information, the focus shifts to obtaining financial data straight from its origin. This approach addresses a core challenge in global finance: ensuring that market participants worldwide can access the same reliable information simultaneously. - Direct source data eliminates potential manipulation or errors from intermediaries - Verification processes ensure data authenticity across different markets - Unified access creates more efficient global financial operations The emphasis on **first-party data sources** represents a shift toward more transparent and reliable financial infrastructure, potentially reducing discrepancies between different market regions.

**Pyth Network representatives joined B33Fbanks** to discuss how their oracle solution delivers institutional-grade data directly from sources to Hyperliquid builders. Key discussion points: - **Direct source data delivery** for HIP-3 builders - Integration with Hyperliquid's ecosystem - **HIP-3.1 Oracle Amendment** implementation This follows Pyth's ongoing collaboration with Hyperliquid to provide high-quality data infrastructure for decentralized applications. The partnership aims to support builders with reliable oracle services through the HIP-3 relayer system. **Background**: Pyth has been actively working with Hyperliquid builders to enhance data quality and delivery mechanisms for the platform's growing ecosystem.

**Pyth Network** has launched price feeds for three **Hylo assets**: xSOL, hyUSD, and sHYUSD. The feeds are now **live on Solana** and available across **100+ blockchains**, expanding Pyth's oracle coverage. **Key adoptions:** - Kamino selected Pyth for their markets - Loopscale integrated Pyth feeds Developers can integrate these **Hylo price feeds** through Pyth's platform. [Access Hylo feeds](https://insights.pyth.network/price-feeds?search=hylo)