Pyth Network Expands to HyperEVM with 20 Sponsored Price Feeds

**Major Banking Move in Japan** Japan's three largest banks are collaborating on a joint stablecoin launch, marking a significant institutional adoption milestone. **Key Developments This Week:** - Square enables first U.S. coffee chain Bitcoin payments - OpenSea evolves into multi-chain trading hub beyond NFTs - UK's FCA unveils roadmap for tokenized asset management - Tether releases open-source wallet toolkit for AI agents **Market Updates:** - Bitcoin price stabilizes as U.S. bank earnings improve sentiment - Some retail traders still follow four-year BTC cycle patterns - JPMorgan suggests crypto-native investors drove recent market correction **Regulatory Landscape:** U.S. Fed officials warn the GENIUS stablecoin law may create regulatory arbitrage opportunities, while the UK moves forward with asset tokenization frameworks. Decentralized compute networks are emerging as key infrastructure for democratizing AI access globally.

**Pyth Pro is transforming global market data access**, drawing comparisons to how Spotify revolutionized music streaming. - CEO @mdomcahills discusses the vision on @SoSoValueCrypto - Full interview explores Pyth's role as the **"Spotify of financial data"** - Platform aims to streamline how the world accesses critical market information The comparison highlights Pyth's mission to democratize data access, similar to how Spotify made music universally accessible. [Watch the full episode](https://www.youtube.com/watch?v=i2pOBF38kdM)

**Pyth Network has become the backbone of DeFi**, securing a dominant position across the cryptocurrency ecosystem. **Key metrics:** - Powers **60% of derivatives and crypto markets** - Secured over **$1.5 trillion in transaction volume** - Trusted by **600+ applications** across **100+ blockchains** - Accounts for **99% of traded volume** on 23 blockchains The oracle network's extensive reach demonstrates its critical role in providing reliable price data for decentralized finance protocols. **What's next:** Pyth is expanding into traditional finance through **Pyth Pro**, aiming to bridge the gap between DeFi and TradFi markets.

**Pyth Network** is collaborating with **Hyperliquid** builders to deliver high-quality oracle data directly from primary sources. Key developments: - Partnership focuses on providing superior data quality - Data sourced directly from original providers - **HIP 3.1 Oracle Enhancement Proposal** outlines the technical improvements This collaboration emphasizes the critical importance of **first-party data** in DeFi applications, ensuring builders have access to the most reliable price feeds and market information.

**Pyth Network has partnered with Kalshi** to deliver real-time prediction market data directly onchain across 100+ blockchains. **What's Available:** - Live odds on elections, Fed rate decisions, and championships - Regulated prediction market data from one of the top platforms - Real-time event pricing for developers **For Builders:** Developers can now create perpetuals, derivatives, and new financial products using Kalshi's live market data. This opens up possibilities for prediction-based DeFi applications. **Technical Integration:** The partnership makes Kalshi's regulated market data accessible through Pyth's oracle infrastructure, enabling seamless integration across multiple chains. Read the full details: [BusinessWire release](https://www.businesswire.com/news/home/20251013872939/en/Pyth-Network-Partners-With-Kalshi-to-Deliver-Real-Time-Prediction-Market-Data-Onchain)