This Altcoin Announced a Partnership with One of the World’s Largest Cryptocurrency Platforms: Price Spikes Then Drops

Pyth Network (PYTH) announced a strategic partnership with Kalshi, the United States' first federally regulated event exchange ￰0￱ this collaboration, Kalshi's prediction market data will be streamed in real-time to over 100 blockchains via the Pyth ￰1￱ 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 ￰2￱ this development, there was a jump in the PYTH ￰3￱ showing the volatility in the PYTH ￰4￱ News: Was the Whale Who Shorted Before Donald Trump's Tariff Announcement His Son Barron Trump?

Here's What We Know 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 ￰5￱ partnership with Kalshi reinforces our vision of building the world's most comprehensive and resilient financial data ￰6￱ 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 ￰7￱ company recently raised $300 million at a $5 billion valuation and expanded to 140 countries. *This is not investment ￰8￱ Reading: This Altcoin Announced a Partnership with One of the World’s Largest Cryptocurrency Platforms: Price Spikes Then Drops