Pyth

Pyth revealed an early partnership with Nasdaq this week, generating unexpected demand for Nasdaq's TotalView on the Pyth Data Marketplace. **Key developments:** - Strong market response exceeded initial projections - Teams working on integration and commercial terms - Further details to be announced Pyth's direct sourcing model allows it to bypass traditional vendor layers, enabling new equity feeds to launch immediately when markets begin trading. This approach positions the oracle network to deliver real-time market data more efficiently than conventional providers. The partnership represents a significant step in bringing traditional financial data infrastructure to blockchain networks.

Douro Labs has submitted a proposal to acquire Pyth Express Relay, with all proceeds directed to the Pyth DAO Treasury. **Key Details:** - Proposal designated as CO-PIP-122 - 100% of acquisition proceeds will benefit the DAO Treasury - Community voting is currently active **Participate:** - Forum discussion: [Douro Labs proposes to acquire Express Relay](https://forum.pyth.network/t/douro-labs-proposes-to-acquire-express-relay/2617) - Cast your vote: [Realms voting portal](https://v2.realms.today/dao/4ct8XU5tKbMNRphWy4rePsS9kBqPhDdvZoGpmprPaug4/proposal/ECShGzofwmMRnAhQXeHxXqRq9dd93p99ucn1trwZpgp) This follows a previous proposal where Douro Labs was appointed as administrator for Pyth's off-chain data subscriptions.

Pyth DAO has opened voting on three proposals, closing July 7 at 6:00 PM UTC. **Key Proposals:** - **CO-PIP-121**: Withdraws remaining PYTH tokens from the OIS reward pool back to the DAO Treasury - **OP-PIP-120**: Performs routine maintenance on Pythian Council Ops Multisig and Price Feed Council Multisig - **CO-PIP-122**: Addresses Douro Labs' acquisition of Express Relay Community members can review full details and cast votes through the provided forum links and Realms voting platform. [Forum Discussion](https://forum.pyth.network/t/ongoing-co-pip-121-ois-reward-pool-withdrawal-to-dao-treasury/2619) | [Vote on CO-PIP-121](https://v2.realms.today/dao/PYTH/proposal/TF8Mu1UZJrAKjsvs1sLUnKuvoy7YYx236xsYh4S8CCE) | [Vote on OP-PIP-120](https://v2.realms.today/dao/PYTH/proposal/HK1CAm2GvAKV8ABawCQKM48eGV7WD9CaxseUTZ5DZmji)

Pyth Network has introduced continuous pricing for oil markets with new indices tracking WTI and Brent crude. **Key Details:** - Live oil price feeds now available across both major benchmarks - Enables 24/7 pricing for markets that traditionally operate on limited schedules - Extends Pyth's oracle capabilities beyond crypto assets into traditional commodities The launch addresses a gap in traditional oil markets, which typically close overnight and on weekends, while DeFi protocols operate continuously.

Pyth has upgraded its SpaceX ($SPCX) price feed to operate 24 hours a day, 5 days a week. The expansion includes: - **Pre-market trading data** - **After-hours pricing** - **Overnight coverage** This creates one continuous data stream throughout the trading week for what Pyth calls "the most-anticipated IPO in years." The feed launched on June 12 and is available to all Pyth Pro users. Pyth positions itself as the standard for same-day equity feeds, enabling the largest equity perpetual market to launch onchain. The 24/5 coverage addresses a gap in traditional market hours, providing consistent pricing data for decentralized trading platforms.

**Continuous market data is now available** through 24/7 indices covering multiple asset classes. The new indices provide round-the-clock access to: - US equities - Oil - Metals - Foreign exchange (FX) This expansion builds on previous infrastructure that made US equities data available 24/5, now extending to true 24/7 coverage across multiple markets. The development addresses the reality that global markets operate continuously, enabling traders and applications to access real-time pricing data without traditional market hour limitations. **Key benefit:** Eliminates gaps in market data availability for decentralized applications and trading systems that require constant price feeds.

Pyth has launched **Pyth Indices**, a new 24/7 pricing infrastructure for continuous markets. The system provides round-the-clock pricing for U.S. equities, oil, metals, and thematic baskets developed with MarketVector, a VanEck company. **Key integrations:** - Coinbase: thematic equity index futures - Kraken: continuous derivatives pricing - Nado: unified spot, margin, and perp markets with oil pricing - dYdX: perpetual contract on Pyth 24/7 Oil Index The infrastructure addresses a gap in crypto markets where 24/7 trading already exists but pricing infrastructure has lagged. Pyth sources prices directly from institutional publishers and liquid venues, building on its existing 24/5 U.S. equities feeds through Blue Ocean ATS. Custom and white-label builds are available for exchanges and platforms looking to support always-on trading.

Pyth Network is upgrading its Core infrastructure on **July 31**, requiring all users to migrate to paid Starter or Pro subscriptions. **Key Changes:** - Lower latency and faster price updates - Access to 125+ institutional data publishers - Expanded feed coverage with more symbols - Backward-compatible API (no code rewrites needed) **Background:** Pyth Core experienced an outage on May 22, while Pyth Pro remained operational. The DAO previously scheduled Core's deprecation for July 31. **Impact:** The subscription requirement aims to increase revenue and PYTH token purchases. Learn more: [Pyth Core Upgrade Blog](https://www.pyth.network/blog/the-pyth-core-upgrade)

Pyth Pro has expanded its market offerings with several new additions: - **New US equities feeds** now available - **Commodity futures** added to the platform - **Extended hours coverage** expanded across more markets These additions build on recent launches including the [Pyth Terminal](https://www.pyth.network/blog/the-pyth-terminal-front-door-to-the-data?utm_source=organic_social&utm_medium=x_post&utm_campaign=2605_post&utm_term=terminal), a free interface for exploring live price feeds and comparing them against benchmarks. Previous expansions included 24/5 market access, new crypto markets, and IPO day feeds like the $CBRS (Cerebras) launch, which went live with extended trading coverage across pre-market, post-market, and overnight sessions. The platform emphasizes that always-on markets require always-on pricing data.

Pyth Pro has activated round-the-clock price feeds for Cerebras ($CBRS), the AI hardware company known for building wafer-scale chips. The coverage includes: - **Pre-market, post-market, and overnight trading sessions** - **24/5 availability** starting from the company's IPO day - Part of Pyth's expanded US equities offerings This launch represents Pyth's push into extended-hours market data, providing continuous pricing for markets that operate beyond traditional trading hours. The oracle network is expanding its coverage across both traditional equities and crypto markets, positioning itself as an infrastructure provider for always-on trading environments.