The post This Altcoin Announced a Partnership with One of the World’s Largest Cryptocurrency Platforms: Price Spikes Then Drops appeared on BitcoinEthereumNews.com. Pyth Network (PYTH) announced a strategic partnership with Kalshi, the United States’ first federally regulated event exchange platform. Under this collaboration, Kalshi’s prediction market data will be streamed in real-time to over 100 blockchains via the Pyth network. This will enable the first on-chain publication of curated event data at scale, enabling developers, institutions, and protocols to develop new financial applications based on future probabilities, according to the press release. Following this development, there was a jump in the PYTH price. Chart showing the volatility in the PYTH price. Mike Cahill, CEO of Pyth, commented on the partnership: “Prediction markets, which gained prominence during the 2024 US presidential election, have become powerful tools for converting future expectations into real-time prices. This partnership with Kalshi reinforces our vision of building the world’s most comprehensive and resilient financial data ecosystem. We are proud to be the first enterprise data provider to offer prediction market data on-chain.” Kalshi stands out as the leading event exchange regulated by the Commodity Futures Trading Commission (CFTC) in the U.S. The company recently raised $300 million at a $5 billion valuation and expanded to 140 countries. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/this-altcoin-announced-a-partnership-with-one-of-the-worlds-largest-cryptocurrency-platforms-price-spikes-then-drops/The post This Altcoin Announced a Partnership with One of the World’s Largest Cryptocurrency Platforms: Price Spikes Then Drops appeared on BitcoinEthereumNews.com. Pyth Network (PYTH) announced a strategic partnership with Kalshi, the United States’ first federally regulated event exchange platform. Under this collaboration, Kalshi’s prediction market data will be streamed in real-time to over 100 blockchains via the Pyth network. This will enable the first on-chain publication of curated event data at scale, enabling developers, institutions, and protocols to develop new financial applications based on future probabilities, according to the press release. Following this development, there was a jump in the PYTH price. Chart showing the volatility in the PYTH price. Mike Cahill, CEO of Pyth, commented on the partnership: “Prediction markets, which gained prominence during the 2024 US presidential election, have become powerful tools for converting future expectations into real-time prices. This partnership with Kalshi reinforces our vision of building the world’s most comprehensive and resilient financial data ecosystem. We are proud to be the first enterprise data provider to offer prediction market data on-chain.” Kalshi stands out as the leading event exchange regulated by the Commodity Futures Trading Commission (CFTC) in the U.S. The company recently raised $300 million at a $5 billion valuation and expanded to 140 countries. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/this-altcoin-announced-a-partnership-with-one-of-the-worlds-largest-cryptocurrency-platforms-price-spikes-then-drops/

                                                                               Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week.                     Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more