PYTH tokens soar as U.S. Department of Commerce chooses, Trump administration pushes blockchain technology

According to Cointelegraph, Python Network's native tokens soared after the U.S. Department of Commerce chose it to verify and distribute economic data. The price of PYTH token once exceeded $0.20, with a daily increase of more than 70%. PYTH has a market capitalization of $1 billion, with trading volumes surged by 2700% in the past 24 hours. PYTH is the only token that recorded such a big gain, although the Ministry of Commerce announced that quarterly GDP data will be released on nine blockchains including Bitcoin and Ethereum. Python and Chainlink play a key role in being a data oracle, ensuring that government-released data further spread and secure on the blockchain network. Python Network provides real-time financial market data on-chain services. The Trump administration promotes blockchain technology and criticizes government statistics, especially the Bureau of Labor Statistics' job market data. Trump fired Erika McEntarfer, Director of Labor Statistics, and promoted digital asset innovation.