Pyth Network News

The Cardano ecosystem has ratified the Cardano Critical Integrations Budget Info Action, paving the way for Cardano Foundation to move forward with crucial integrations. These are related to Pyth Network and Dune. ADA price, currently down, is...

Cardano has taken a meaningful step toward strengthening its on-chain infrastructure by integrating with the Pyth Network.

PYTH’s significant price fall happens as huge tokens are still locked, waiting to enter the market, creating more uncertainty regarding its price movements.

Cardano has made a significant integration this week that fundamentally alters its approach to market infrastructure. Under the network’s newly operational Pentad and Intersect governance structure, the steering committee authorized the...

Pyth Network launched the PYTH Reserve, converting monthly network revenue into systematic PYTH token purchases to directly link institutional adoption.

The network’s reserve will consist of purchases of the network’s native PYTH token, utilizing approximately 33% of the protocol’s revenue through the DAO.

TL;DR Treasury Commitment: Pyth DAO dedicates 33% of its treasury to monthly PYTH buybacks, reinforcing token value. Buyback Mechanism: Transparent, on-chain purchases ensure accountability and consistent demand for PYTH tokens. Market Impact:...

The new system links adoption directly to PYTH’s long-term value through transparent, rule-based treasury actions. The post Pyth Network Debuts PYTH Reserve for Monthly Purchases appeared first on Coinspeaker.

The post Will the New PYTH Network Reserve Trigger a Chainlink-Style 80% Price Rally? appeared first on Coinpedia Fintech News The latest announcement surrounding the new PYTH Network Reserve has has shed some lights on the crashing PYTH Network...

Upbit, South Korea's dominant cryptocurrency exchange, suffered unauthorized withdrawals totaling approximately $36.9 million (54 billion won) early Thursday morning, marking the second time the platform has been breached on November 27.The exchange...