Binance has rolled out a new rewards campaign for users holding USD1, offering weekly WLFI token airdrops with a total of $40 million in WLFI earmarked for distribution.

The exchange said eligible accounts that maintain a USD1 balance between Jan. 23 and Feb. 20 will receive rewards throughout the programme.

The initiative ties WLFI payouts directly to net USD1 balances on Binance, using a snapshot-based system to calculate qualifying amounts.

Binance is positioning the campaign as an incentive for users who hold or deploy USD1 across supported products, while both USD1 and WLFI continue to see growing activity across the wider crypto ecosystem.

How Binance will distribute WLFI rewards

Binance said WLFI rewards will be paid once a week, starting Feb. 2.

Each weekly distribution will cover activity from the previous seven days.

The campaign is structured to release roughly $10 million worth of WLFI tokens per week, spread across four consecutive weeks, which brings the total allocation to $40 million in WLFI.

The exchange said the rewards are designed to reflect users’ qualifying USD1 balances over time, rather than a single moment in the campaign window.

Which USD1 balances count for eligibility

Eligibility is based on users’ net USD1 balances held on Binance, with multiple account types included in the calculation.

Binance confirmed that USD1 stored in Spot, Funding, Margin, and USDⓈ-M Futures accounts will all count toward the campaign’s rewards calculation.

However, borrowed funds are excluded. Binance said reward calculations are based on net USD1 balances, meaning any USD1 that has been borrowed does not qualify for WLFI rewards.

The exchange also said that USD1 used as collateral in margin or futures accounts earns a higher reward rate.

This introduces an added incentive for users who allocate USD1 into collateral-based trading products, rather than keeping it entirely idle in standard wallets.

Snapshot and rate system used for payouts

Binance said it will take hourly snapshots of user balances throughout the campaign period. However, the rewards calculation does not rely on an hourly average.

Instead, Binance will use the lowest USD1 balance recorded each day to determine a user’s qualifying amount for that day.

For each weekly payout, Binance will then calculate rewards using a seven-day average balance.

This ties distributions to consistency because a single daily dip in holdings could reduce the qualifying amount for that day and then affect the overall weekly average.

Binance also said payouts will use an effective annualised rate, which will be set at the time of each distribution.

As a result, the rate applied could vary between weekly drops depending on the conditions Binance sets when rewards are released.

USD1 growth and WLFI activity in early 2026

USD1, launched in April 2025, is described as a multichain stablecoin that is fully backed one-to-one by US dollars and money market funds.

Since its launch, it has recorded sharp growth. According to data from DeFiLlama, USD1’s market capitalisation now exceeds $3 billion.

The stablecoin is available across several blockchains, including Monad, Ethereum, Solana, and Aptos.

WLFI, the main token of the World Liberty Financial ecosystem, has also seen increased activity in early 2026.

It has recently been added to payroll services, decentralised finance lending platforms, and on-chain liquidity venues.

The token has drawn new interest and partnerships in recent weeks, though its connection to US President Donald Trump has also faced criticism, with some pointing to concerns around a potential conflict of interest.

Binance said users must complete identity verification and live in eligible jurisdictions to take part in the programme.

The exchange added that broker accounts are excluded and noted that reward timing may vary due to operational conditions.

The post Binance launches USD1 rewards programme with WLFI token airdrops appeared first on CoinJournal.

Binance launches USD1 rewards programme with WLFI token airdrops

Source: https://coinjournal.net/news/binance-launches-usd1-rewards-programme-with-wlfi-token-airdrops/

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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research (DYOR).

London Stock Exchange Group has announced the launch of its digital settlement hub, a blockchain platform designed to offer 24/7 settlement for tokenized commercial bank deposits.

The LSEG officially unveiled the Digital Settlement House (LSEG DiSH) platform via a press release on Thursday, January 15, 2026.

DiSH is a blockchain-enabled platform that will offer instantaneous and around-the-clock settlements for both on-chain and off-chain payment networks.

Big move for LSEG

According to LSEG, the innovative service bridges traditional finance and digital asset ecosystems, with real-time Payment-versus-Payment (PvP) and Delivery-versus-Payment (DvP) transactions.

DiSH will support multiple currencies and jurisdictions, with these capabilities available on open-access under the London Stock Exchange Group’s Post Trade Solutions division.

“LSEG DiSH expands the tokenised cash and cash-like solutions available to the market, and for the first time, offers a real cash solution tokenised on the blockchain utilising cash in multiple currencies held at commercial banks,” said Daniel Maguire, group head of LSEG Markets and chief executive officer of LCH Group.

Maguire added that the service brings benefits such as reduced settlement risk and integration of existing cash, securities and digital assets into the current market infrastructure.

Institutional adoption of blockchain solutions

Global financial markets continue to see institutions eyeing blockchain solutions for efficient, resilient, and interoperable post-trade processes.

The introduction of LSEG DiSH adds to this momentum, with this set to address challenges such as delayed settlements, fragmented liquidity, and limited operating hours.

LSEG wants to be at the forefront of the evolving tokenized economy, with broader adoption of digital assets ramping up amid regulatory milestones.

DiSH Cash offers additional features, including dynamic intraday borrowing and lending tools.

Users can also tap into optimized liquidity management, synchronized settlement processes, reduced timelines, and enhanced collateral availability.

LSEG’s launch of the platform builds on a successful Proof of Concept (PoC) conducted in collaboration with Digital Asset and a consortium of leading financial institutions.

The PoC was executed on the Canton Network.

Earlier moves, including the announcement of a blockchain trading platform in 2023.

In September 2025, LSEG unveiled Digital Markets Infrastructure, a platform for private funds powered by Microsoft Azure.

DMI delivers a blockchain-powered solution that taps into the benefits of scalability and efficiency to bolster asset issuance, tokenisation and distribution.

This also includes post-trade asset settlement and servicing, with usage and support cutting across multiple asset classes.

Post Trade Solutions recently received strategic investment from 11 major global banks as integration of traditional and digital finance gains traction.

Crypto ETPs launch on LSE

Recently, the London Stock Exchange listed the 21shares Bitcoin Gold ETP (BOLD), a new crypto exchange-traded product that adds to the rising number of crypto ETPs on stock exchanges.

Other firms, including Bitwise, have also expanded access to digital asset investment products via LSE listings.

Regulatory approval from the UK’s Financial Conduct Authority is among the key developments boosting adoption.

The post LSEG launches Digital Settlement House to enable 24/7 blockchain-based settlement appeared first on CoinJournal.

LSEG launches Digital Settlement House to enable 24/7 blockchain-based settlement

Source: https://coinjournal.net/news/lseg-launches-digital-settlement-house-to-enable-24-7-blockchain-based-settlement/

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Former New York City Mayor Eric Adams has launched a Solana-based meme coin that he said is aimed at fighting antisemitism and supporting the next phase of innovation in the city.

The token, called the New York City token (NYC), was announced in a Jan. 13 post on X and quickly went live for trading on the Solana decentralised exchange Jupiter.

In the post, Adams shared a link to the token’s official website and said the project was built to fight the spread of antisemitism and anti-Americanism across the US and New York City.

The NYC token initially saw strong momentum after it began trading.

It rallied to a high of $0.58 and briefly reached a market cap of $580 million, according to DEXScreener data.

Liquidity movements trigger rug pull allegations

As the price fell, accusations surfaced online that the team behind the token may have removed liquidity, adding to fears of a potential rug pull.

Crypto analyst Rune flagged data indicating that at least $3.4 million had been drained from the token’s liquidity pool.

Separately, analytics posted by Bubblemaps suggested that a wallet linked to the token’s deployer removed $2.5 million in USDC liquidity when the token was trading near its peak.

After the price had already plunged by more than 60%, about $1.5 million in USDC was added back.

Still, roughly $900,000 was not returned, which further fuelled suspicion among some community members and investors.

The allegations have not been confirmed, but the timing and size of the liquidity movements quickly became a central focus of discussion.

Team cites TWAP strategy to manage volatility

In response to the concerns, the NYC token X account released a statement claiming the project is using Time-Weighted Average Price (TWAP) mechanisms to manage price stability.

The account said funds were being added to the liquidity pool gradually to reduce the risk of further disruption after the initial volatility seen during the launch.

Despite that explanation, the episode has kept attention on how liquidity is handled for newly launched meme coins, especially when trading activity accelerates rapidly across decentralised markets.

Website details token split and proposed use cases

While the token’s official website offers limited detail about the project’s long-term direction, Adams said in a Fox Business interview that proceeds from the NYC token would go toward nonprofits focused on raising awareness about antisemitism and anti-Americanism through educational campaigns.

Other proposed use cases include funding blockchain and crypto education, along with scholarships for students in underserved communities.

Adams officially stepped down as mayor on Jan. 1, after being replaced by Zohran Mamdani.

The post Former NYC mayor backed token tumbles on Solana amid liquidity fears appeared first on CoinJournal.

Former NYC mayor backed token tumbles on Solana amid liquidity fears

Source: https://coinjournal.net/news/former-nyc-mayor-backed-token-tumbles-on-solana-amid-liquidity-fears/

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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research (DYOR).

Institutional capital is taking a longer view of crypto markets as short-term liquidity thins out.

That shift is reflected in the first close of a new fund by HashKey Capital, which has secured $250 million in commitments despite choppier trading conditions.

The rise highlights how large investors are repositioning after a volatile period marked by heavy liquidations, ETF outflows, and retreating market makers.

Rather than chasing near-term price moves, capital is increasingly being directed toward infrastructure, financial technology, and real-world blockchain applications with longer-run potential.

Fund strategy and scale

HashKey Capital said its fourth crypto-focused vehicle, the HashKey Fintech Multi-Strategy Fund IV, exceeded expectations at its first close and is targeting a final size of $500 million.

The fund is designed to deploy capital across multiple strategies, with a focus on core infrastructure and scalable use cases aimed at broader adoption.

According to the firm, emerging markets are expected to play a central role, as these regions are increasingly acting as testing grounds for blockchain-based financial services and applications.

Institutional conviction on the back foot

The timing of the close is notable. Crypto markets have been adjusting after a sharp sell-off earlier in October, when a major liquidation event triggered widespread deleveraging.

In a Tuesday post on X, 10x Research said many traders and market makers had reduced activity following the Oct. 10 crash, contributing to thinner liquidity.

Since early November, the 30-day moving average of net flows into US spot Bitcoin and Ether ETFs has turned negative, suggesting that capital is being redeployed or held on the sidelines as conditions tighten.

Track record and expansion

Fund IV builds on HashKey Capital’s established presence in Asia’s digital asset sector.

Since launching in 2018, the firm has grown to manage more than $1 billion in assets and has invested in over 400 projects globally.

Its first fund recorded a distributed-to-paid-in ratio of more than 10x, underlining the scale of returns achieved in earlier cycles.

The firm is headquartered in Singapore and operates across Hong Kong and Japan.

It is part of the broader HashKey Group, which was among the first in Hong Kong to secure a crypto exchange licence.

The group has also been involved in launching the city’s first spot Bitcoin and Ether ETFs, adding to its regulatory and market footprint.

The fundraise comes shortly after HashKey’s entry into public markets.

Last week, the company made its trading debut on the Stock Exchange of Hong Kong following a $206 million initial public offering.

The listing adds another layer of visibility at a time when scrutiny of crypto firms remains high and access to traditional capital markets is becoming more selective.

The post HashKey raises $250M for new crypto fund on strong investor demand appeared first on CoinJournal.

HashKey raises $250M for new crypto fund on strong investor demand

Source: https://coinjournal.net/news/hashkey-raises-250m-for-new-crypto-fund-on-strong-investor-demand/

JPMorgan Chase is preparing to deepen its push into blockchain-based finance through a tokenized money-market fund on Ethereum, according to a Wall Street Journal report published on Monday.

The bank has not formally announced the product, but the report suggests JPMorgan is moving closer to offering onchain versions of traditional cash-management tools as institutional interest in tokenization grows.

The reported initiative comes as large investors look for ways to deploy idle cash more efficiently while maintaining regulatory compliance.

With about $4 trillion in assets under management, JPMorgan’s reported plans highlight how tokenization is evolving from experimental pilots into investment products associated with major global balance sheets.

The proposed fund would enter a fast-growing segment of digital finance where money-market products are increasingly viewed as a bridge between traditional markets and blockchain infrastructure.

Tokenized money-market fund rollout

The fund, known as My OnChain Net Yield Fund, or MONY, has been seeded with $100 million from JPMorgan’s asset management division, the Wall Street Journal stated.

The product is expected to open to external, qualified investors this week, although no official confirmation has been issued by the bank.

The minimum investment is set at $1 million, keeping the fund focused on institutional participation rather than retail investors.

MONY is designed to operate in line with conventional money-market funds, holding short-term debt instruments and paying interest on a daily basis.

Investors would be able to redeem their shares either in cash or through Circle’s USDC stablecoin, reflecting the growing use of regulated stablecoins in institutional settlement and liquidity management.

Why Ethereum and tokenization matter

JPMorgan has built the reported fund on Kinexys Digital Assets, its in-house tokenization platform, with Ethereum selected as the underlying blockchain, according to the Wall Street Journal.

Tokenized funds record ownership onchain, allowing faster settlement, real-time visibility, and continuous trading beyond standard market hours.

These features are attracting attention from asset managers, trading firms, and treasury desks seeking operational efficiency while continuing to rely on low-risk instruments.

Tokenized money-market funds are also increasingly used within decentralised finance ecosystems as reserve assets and as collateral for trading and asset management.

Competition among financial giants

JPMorgan’s reported plans place it alongside other large financial institutions that have already launched tokenized money-market products.

Franklin Templeton introduced its BENJI fund in 2021, becoming one of the earliest traditional asset managers to adopt blockchain-based fund infrastructure.

BlackRock followed in 2024 with its BUIDL fund, developed with tokenization specialist Securitize, which has since attracted about $2 billion in assets, according to data from RWA.xyz.

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JPMorgan expands blockchain push with tokenized money-market fund on Ethereum

Source: https://coinjournal.net/news/jpmorgan-expands-blockchain-push-with-tokenized-money-market-fund-on-ethereum/

Chorus One has partnered with cryptocurrency exchange Bitget to expand access to Monad staking at a global scale.

The collaboration focuses on simplifying how users interact with the Monad network, which launched its mainnet in November 2025.

The move places emphasis on infrastructure growth, user access, and the broader shift toward staking services.

Both companies confirmed that Bitget’s more than 120 million users will be able to access staking tools through Chorus One’s platform, creating new pathways for participation in the growing staking economy.

Validator expansion

The Monad network is a layer one blockchain that emphasises high throughput.

It supports Ethereum contracts without requiring any code changes, according to its technical documentation.

The focus of the integration between Bitget and Chorus One is to support a validator environment that can grow with decentralisation, geographic diversity, and long-term stability.

Chorus One already secures assets across more than 30 blockchains and reports securing over $3.5 billion in staked assets.

The platform also holds ISO 27001 certification, which is a standard used to assess security practices.

This places the partnership inside a broader trend where staking providers with stronger compliance frameworks are becoming central to blockchain infrastructure.

User access

Monad allows users to unstake assets in around 5.5 hours. Chorus One’s staking model supports flexible terms, which means both institutional and retail users on Bitget can stake or restake Monad tokens based on their preferences.

The partnership creates a direct path for Bitget users to enter the Monad ecosystem.

Within the first week of the staking programme launch, Chorus One released figures showing that more than $6 million worth of assets had been staked on the network.

The rapid participation signals interest in Monad’s performance-focused design and the integration with a major exchange ecosystem, reflecting a wider demand for accessible staking opportunities worldwide.

Market expansion

Bitget operates in several regions, including the Asia Pacific and African markets.

The platform’s presence in these regions gives the new staking programme a wider reach, especially in places where digital asset demand is growing.

Chorus One has already worked with the Avalanche Foundation to expand validator infrastructure across Africa, which positions the company to contribute to similar regional development for the Monad network.

The companies stated that the partnership aims to support cryptocurrency adoption in emerging markets by providing tools that reduce entry barriers and increase access to blockchain-based services.

With the expansion of new networks such as Monad, staking options are becoming a way for users in developing regions to take part in blockchain activity without needing a complex technical setup or advanced hardware.

The post Bitget and Chorus One expand Monad staking access in emerging markets appeared first on CoinJournal.

Bitget and Chorus One expand Monad staking access in emerging markets

Source: https://coinjournal.net/news/bitget-and-chorus-one-expand-monad-staking-access-in-emerging-markets/

As the cryptocurrency market hints at recoveries, Hedera Hashgraph has moved toward amplifying blockchain transparency.

According to today’s press release, the blockchain has joined Google BigQuery public datasets.

With this integration, developers, enterprises, and analysts can query Hedera’s complete transaction history, similar to major networks like Bitcoin, Ethereum, Avalanche, and Tron.

Hedera has been added to @GoogleCloud BigQuery public datasets, enabling highly scalable cross-chain data accessibility.

As we continue to onboard the world’s largest organizations – this provides core infrastructure for institutional-grade DeFi and enterprise applications pic.twitter.com/OTJFerAd96

— Hedera Foundation (@HederaFndn) November 10, 2025

The official blog post highlighted:

With Hedera now part of BigQuery’s public datasets, users can perform cross-chain research and analytics at an unprecedented scale. The Hedera Foundation’s commitment to transparency and accessibility is further reinforced by this project, empowering developers and enterprises with critical blockchain insights.

With this move, users can now analyze blockchain activity without the need to handle their own infrastructure.

They can smoothly access query-ready data sets that highlight detailed insights into token activity, transaction volume, and network performance.

For instance, businesses can compare transaction speeds and costs between Hedera and other platforms.

Also, they can track NFTs, DeFi trends, and tokenized assets.

Hedera advances blockchain accessibility through strategic alliances

The integration of HBAR statistics into Google BigQuery follows collaborative efforts between the Hedera Foundation, Hedera developers, Ariane Labs, and Hashgraph engineers.

The primary goal is to make Hedera data accessible and comparable with different blockchains to enhance transparency while enriching enterprise adoption.

Reliable, open, and queryable stats can help businesses integrate blockchain datasets into sectors like DeFi research, ESG tracking, supply chain management, and web3 development.

Moreover, the initiative leverages Google Cloud’s infrastructure to ensure that Hedera statistics are up-to-date and essential for different applications.

The team added:

By making historical Hedera data openly available, the opportunities for innovation, comparative blockchain research, and enterprise-grade analytics are more expansive than ever.

HBAR price analysis

Hedera’s native token trades at $0.1896 after gaining more than 9% the past 24 hours.

The 135% uptick in daily trading volume signals renewed buyer interest, suggesting more gains for the altcoin.

HBAR is trading above a key support barrier of $0.1888.

The current momentum can support surges to the initial resistance at $0.1972.

Overcoming this obstacle can support significant rallies in the near term.

Technical indicators suggest more gains for Hedera’s token.

The 4Hr Relative Strength Index of 63 signals buyer momentum.

Also, the Moving Average Convergence Divergence above the signal line with massive green histograms signals bullish momentum.

Further, HBAR boasts various catalysts that could support robust gains in the coming times.

For example, the approved spot Hedera exchange-traded fund opened the gates for institutions and traditional investor participation.

The post HBAR price surges as Hedera joins Google BigQuery for transparent data access appeared first on CoinJournal.

HBAR price surges as Hedera joins Google BigQuery for transparent data access

Source: https://coinjournal.net/news/hbar-price-surges-as-hedera-joins-google-bigquery-for-transparent-data-access/

Binance has unveiled a new feature enabling direct USD deposits and withdrawals through its regulated subsidiary, BPay Global.

Licensed by the Central Bank of Bahrain, BPay Global strengthens Binance’s position in bridging traditional finance with digital assets.

Announced on October 22, the feature is now available to users in over 70 countries.

It offers fee-free SWIFT transfers and integration with Apple Pay, Google Pay, and debit or credit cards, creating a smoother experience for both retail and corporate users seeking secure fiat-to-crypto transactions.

Seamless integration of USD and crypto payments

The new service allows Binance users to deposit and withdraw USD directly through BPay Global, bypassing traditional intermediaries.

Users can store funds in a regulated e-wallet and utilise them instantly for trading or conversions on the Binance platform.

By eliminating deposit fees for SWIFT transfers, Binance aims to reduce the cost and friction of moving between fiat and crypto markets.

This initiative caters to the growing global demand for accessible, compliant, and cost-efficient payment channels.

The move aligns with Binance’s broader strategy to expand its fiat gateway infrastructure while maintaining compliance with international financial standards.

Building on recent payments and compliance initiatives

The launch follows a series of updates strengthening Binance’s payments ecosystem.

Earlier in October, Binance.US introduced dynamic withdrawal fees for ERC-20 tokens and reduced trading fees on major pairs including Ethereum, Solana, and BNB.

These changes were designed to create a more efficient environment for traders and liquidity providers across markets.

In Japan, Binance deepened its reach through a partnership with PayPay, the country’s largest cashless payment platform.

This collaboration enables users to buy cryptocurrencies directly using PayPay Money, which is then credited to their Binance accounts.

The partnership highlights Binance’s growing integration with regional payment systems to make digital assets more mainstream.

Integrating real-world assets through blockchain innovation

Beyond fiat transactions, Binance has also advanced its blockchain payment infrastructure through the integration of Plume Network.

This collaboration allows gas-free transactions for tokenised real-world assets (RWAs) across thousands of merchants, broadening the usability of digital currencies in real-world commerce.

Such developments mark a strategic evolution in Binance’s long-term objective — merging traditional and digital economies.

By combining global compliance oversight, regulated financial channels, and blockchain innovation, Binance is positioning itself at the forefront of Web3-driven financial systems.

Expanding global reach through BPay Global

The introduction of BPay Global’s USD transfer capabilities marks a critical step toward a more inclusive financial ecosystem.

By extending access to users across 70 countries, Binance not only simplifies global payments but also demonstrates its commitment to offering secure, regulated, and cost-effective cross-border financial tools.

The expansion reinforces Binance’s ongoing transition from a pure crypto exchange to a comprehensive financial services provider.

With fiat and digital assets increasingly intertwined, BPay Global serves as a bridge between legacy systems and decentralised finance, further establishing Binance’s influence in shaping the next generation of global payments.

The post Binance expands global crypto access with new USD transfer feature appeared first on CoinJournal.

Binance expands global crypto access with new USD transfer feature

Source: https://coinjournal.net/news/binance-expands-global-crypto-access-with-new-usd-transfer-feature/

LINEA, the native token of the Ethereum Layer 2 network Linea, has surged by 14% in the past 24 hours, with a sharp spike coming on the back of a major SWIFT announcement.

The token reached intraday highs of $0.029 as news emerged that the interbank messaging platform has selected Linea for testing its system on the blockchain. Gains saw LINEA outpace many altcoins that struggled amid broader crypto price turmoil.

SWIFT to test messaging system on Linea blockchain

SWIFT, the Society for Worldwide Interbank Financial Telecommunication, which facilitates secure messaging for over 11,000 financial institutions across more than 200 countries, is embarking on a transformative experiment.

According to exclusive insights from The Big Whale, SWIFT has partnered with Consensys-developed Linea, an Ethereum Layer 2 solution, to explore migrating its core messaging system onto the blockchain.

Gregory Raymond, co-founder of The Big Whale, shared the news on X.

Exclusive @TheBigWhale_

SWIFT chooses Linea for blockchain testing

According to information gathered with @BukovskiBuko3, SWIFT and several major global banks (including BNP Paribas and BNY) have chosen @LineaBuild, the Ethereum layer 2 developed by @Consensys, to experiment… pic.twitter.com/EaWLg1IfKp

— Grégory Raymond (@gregory_raymond) September 26, 2025

The collaboration will also involve global banking giants, with over 10 banks including BNP Paribas and BNY.

SWIFT is also set to team up with over a dozen institutions on the project, said The Big Whale, with many of these already engaged in the initiative’s proof-of-concept phase.

According to a well-placed source, the project, though still in development, could herald a significant technological overhaul of the international interbank payments industry.

Why the layer 2 blockchain Linea?

Linea’s appeal lies in its emphasis on privacy, enabled by advanced cryptographic proofs.

The banks see this as aligning with the regulatory and security demands of the banking sector.

Linea offers an enterprise-grade infrastructure platform for global finance.

Per details on its website, the network already supports financial institutions like Mastercard, Visa and JP Morgan.

The Consensys-backed platform is designed for blockchain solutions, including tokenization, trading, payments, and onchain settlement.

It allows for integration with decentralized finance protocols, custodians, and real-world asset tokenization platforms.

LINEA price spikes amid news

SWIFT’s plans and The Big Whale’s report on the development triggered a notable market reaction from the LINEA community.

As the token soared over 14%, the price increase was accompanied with a 6% increase in daily trading volume to $353 million.

The gains saw Linea join the likes of Subsquid, Solv Protocol and Lombard in outpacing the top coins.

Linea price reached its all-time high of $0.04657 on September 10, 2025.

The uptick could, therefore, see bulls attempt to retest this level.

Holders and stakeholders will closely monitor the progress of SWIFT’s pilot as it unfolds.

The post LINEA price spikes 14% as SWIFT picks Linea for pilot appeared first on CoinJournal.

LINEA price spikes 14% as SWIFT picks Linea for pilot

Source: https://coinjournal.net/news/linea-price-spikes-14-as-swift-picks-linea-for-pilot/

The United States continues to establish itself as the international hub for blockchain and cryptocurrency undertakings.

In a groundbreaking move, the US Department of Commerce confirmed today that it will start publishing GDP (gross domestic product) data on blockchain, starting with last month’s figures.

The announcement catalyzed bullish sentiments across the cryptocurrency space, especially for the project that the government picked.

The US Department of Commerce has worked with nine blockchains and leading exchanges.

To ensure data accessibility and reliability, it chose Chainlink and Pyth Network.

Pyth Network is working with @CommerceGov to power the distribution of gross domestic product data onchain.

Chief Executive Officer of Douro Labs, @mdomcahill was the only person quoted in the White House exclusive press release with @Bloomberg to speak on how Pyth Network is… pic.twitter.com/3HfZ65ilIK

— Pyth Network (@PythNetwork) August 28, 2025

Pyth Network at the center of historic move

The Department revealed that it published the official hash of its quarterly GDP data across nine networks: Bitcoin, Ethereum, Solana, Avalanche, Arbitrum, Tron, Polygon PoS, Optimism, Stellar, and Arbitrum One.

Also, it has worked with leading exchanges, including Coinbase, Kraken, and Gemini, to facilitate the latest release.

Furthermore, the US Department of Commerce tapped oracle providers Chainlink and Pyth Network to guarantee reliability and accuracy.

PYTH rallied immediately after the news as the community celebrated the project’s “validation moment.”

Pyth Network focuses on bringing real-time, high-quality data on-chain.

Thus, the announcement represented a watershed moment for the altcoin, as it anticipates lucrative use cases.

The government’s reliance on Pyth’s oracle service validates its infrastructure and status as a trusted player in the integration between decentralized networks and public institutions.

Government ratification fuels confidence

Howard Lutnick, US Secretary of Commerce, commented on the benefits of this move.

He perceives it as a part of the President’s strategy to make America the hub of blockchain. Lutnick said:

It’s only fitting that the Commerce Department and President Donald Trump, the crypto-President, publicly release economic statistical data on the blockchain. We are making America’s economic truth immutable and globally accessible like never before, cementing our role as the blockchain capital of the world.

The high-profile commendation has put the Pyth Network on the map as a trusted oracle protocol authorized by the government.

Officials confirmed that it will leverage oracles like Pyth to release other datasets, beyond GDP.

PYTH price outlook

The native coin exploded within minutes after the collaboration updates.

PYTH trades at $1891 after gaining around 62% from its daily low.

The staggering 2,400% uptick in trading volume signals massive interest in the altcoin.

Also, Pyth Network’s market capitalization has crossed the $1 billion mark for the first time since February 2025.

The US government endorsement positions PYTH for impressive performance in the coming months and years.

The development could bolster institutional demand from firms exploring blockchain to provide accurate and reliable data.

Prevailing sentiments suggest PYTH might have secured the needed catalyst to recover to its 2024 all-time highs above $1.

The post PYTH skyrockets 60% as US government taps Pyth Network to verify economic data on-chain appeared first on CoinJournal.

PYTH skyrockets 60% as US government taps Pyth Network to verify economic data on-chain

Source: https://coinjournal.net/news/pyth-skyrockets-60-as-us-government-taps-pyth-network-to-verify-economic-data-on-chain/