GeckoPulse: From the Capitol to the Blockchains

Oracle Endgame

The utility of decentralized oracles such as Chainlink and Pyth have finally reached the highest levels of the US government.

Chainlink has been chosen to provide data to the US Bureau of Economic Analysis (BEA) and will deploy new data feeds based on departmental and government needs.

Based on a recently published blog post by Chainlink, the relevant data feeds includes GDP and Personal Consumption Expenditures (PCE).

The data will be updated monthly and quarterly, and will be accessible across 10 different networks including Arbitrum, Mantle and Botanix.

On the other hand, Pyth had also announced that they have been chosen by the US Department of Commerce to distribute GDP data on-chain.

Since Chainlink’s announcement, its native LINK token temporarily rose by 7.7% to $25.82, but has retraced to $23.31 today.

However, the price of PYTH has surged by 86.6% from $0.12 to $0.22. 

dYdX Comes to Telegram

Decentralized perpetuals exchange dYdX has released an update to its 2025 roadmap.

Based on their recent blog post, the platform will release a series of upgrades, including fee sharing with partners and TWAP orders.

dYdX will also deploy its trading feature for Telegram next month, thanks to its earlier acquisition of SocialFi app Pocket Protector.

Since the start of 2025, the price of DYDX has decreased by 35.5% from $0.95 to $0.61.

Pre-market Protection

Decentralized exchange Hyperliquid has implemented new protocol-level safeguards to its pre-markets after a recent spike in the XPL perpetuals market.

One or several whales had swept up the entirety of the order book on Hyperliquid, causing the pre-market price of XPL to surge from around $0.60 to a peak of $1.80.

As per the exchange’s own design, the platform shifted to its auto-deleveraging mode, resulting in the liquidation of close to $17M worth of long positions, based on Coinglass data.

The team quickly responded after the incident, verifying that the exchange had operated as intended without any bugs or exploits.

Besides that, the team also assured the community that the platform did not incur any bad debt, while the PnL of the XPL market remained isolated from other pairs on the exchange.

With that said, the team will be implementing two core improvements in its next network upgrade, which includes a new hard cap on pre-market prices and the addition of external market data from other pre-launch markets.

The price of Hyperliquid’s native HYPE token had reached a new all-time high of $51 earlier in the week, but has since pulled back to $48.70 since the anomaly.

Arcana Acquired

Blockchain infrastructure project Avail has acquired the chain abstraction protocol Arcana.

As announced on X, Arcana’s existing technology and developer tools will be folded into Avail’s product.

Additionally, Avail will acquire the entire supply of Arcana’s native XAR token, and users can swap their existing holdings for Avail’s native AVAIL token at a 4:1 rate.

Locked tokens will gradually be released over 6 and 12 months, while tokens of Arcana team members will vest over the next 3 years.

Shortly after the announcement, XAR spiked by 54.8% from $0.0031 to $0.0048, while AVAIL rose by 7.3%, but both tokens have since retraced.

In Other News…

Let the Money Rain. Stablecoin fintech firm Rain has raised $58M bringing its total funds raised to $88.5M. Notable investors include Sapphire Ventures, Dragonfly and Galaxy Ventures. Rain announced a partnership with Visa to launch stablecoin-linked cards earlier this year.

The Heaven Flywheel Effect. Solana memecoin launchpad, Heaven, has managed to claim 15% of the market share showing rapid growth since its launch on 15 August. Heaven’s launchpad does not utilize a bonding curve like other launchpads and instead relies on its own feature of seeded “virtual liquidity”, which starts at 35 SOL.

A $1.3M Bitcoin Prediction. Crypto asset firm Bitwise has just released a crypto report titled “Bitcoin Long-Term Capital Market Assumptions” where it forecasted that Bitcoin will hit a market price of $1.3M by 2035. This projection predicts a CAGR of 28.3% for Bitcoin over the next decade.

MITO Is Live. Mitosis’s airdrop is now live, eligible users have until 11 September 2025 to claim their tokens. The MITO token currently trades at a $200M fully diluted valuation (FDV).

Runaway from Kanye. According to blockchain data visualization tool, Bubblemaps, 74% of YZY investors lost money on Kanye West’s Solana memecoin. 51K out of 70K traders in total, lost $74.8M while 30% of all profits made on YZY, concentrated in just 11 wallets.

Solana’s Alpenglow Upgrade Enters Voting Phase. Solana’s Alpenglow proposal seeks to enhance the network’s consensus mechanism and reduce finality times from 12.8 seconds down to 150 milliseconds. According to the votes so far, validators are split 50/50 on approving this upgrade proposal.

Tron Fee Cut Proposal Nears Approval. A GitHub proposal to halve Tron’s energy costs and reduce transaction fees is gaining strong support ahead of its Friday voting deadline. Despite its benefits, there is a risk that this proposal will cause TRX token inflation as TRX token burns currently rely on transaction fees.

3/11 Odds. The Trump administration is currently considering 11 candidates to replace the current Federal Reserve chair, Jerome Powell, when his term expires in May 2026. 3 out of these 11 candidates are crypto-friendly.

Jupiter Lend Enters Open Beta. Solana DeFi mega-app Jupiter has launched Jupiter Lend, a money market protocol similar to AAVE in collaboration with DeFi protocol Fluid. Users can now borrow and lend crypto using Jupiter.