Crypto Morning Brief: U.S. GDP data goes on-chain via Chainlink and Pyth Network; Guotai Junan International launches crypto trading services
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Crypto Morning Brief: U.S. GDP data goes on-chain via Chainlink and Pyth Network; Guotai Junan International launches crypto trading services
CFTC relaxes regulations for overseas cryptocurrency exchanges entering the U.S. market.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
US Initial Jobless Claims for the week ending August 23: 229,000, vs. expected 230,000
According to Jin10 News, initial jobless claims in the US for the week ending August 23 were reported at 229,000, compared to an expected 230,000, with the prior week's figure revised from 235,000 to 234,000.
US Department of Commerce: Latest GDP data published on blockchains including Bitcoin, Ethereum, and Solana
According to Zoomer monitoring, the US Department of Commerce has released the latest GDP data on Bitcoin, Ethereum, Solana, TRON, Avalanche, Arbitrum, Polygon, Optimism, and Stellar blockchains.
The transaction hash or smart contract address for each blockchain is as follows:
1. Bitcoin transaction hash:
fcf172401ca9d89013f13f5bbf0fc7577cb8a3588bf5cbc3b458ff36635fec00
2. Ethereum smart contract address:
0x36ccdF11044f60F196e981970d592a7DE567ed7b
3. Solana transaction hash:
43dJVBK4hiXy1rpC5BifT8LU2NDNHKmdWyqyYDaTfyEeX8y3LMtUtajW3Q22rCSbmneny56CBtkictQRQJXV1ybp
4. TRON transaction hash:
3f05633fb894aa6d6610c980975cca732a051edbbf5d8667799782cf2ae04040
5. Stellar transaction hash:
89e4d300d237db6b67c510f71c8cd2f690868806a6b40a40a5a9755f4954144a
6. Avalanche smart contract address:
0x36ccdF11044f60F196e981970d592a7DE567ed7b
7. Arbitrum One smart contract address:
0x36ccdF11044f60F196e981970d592a7DE567ed7b
8. Polygon PoS smart contract address:
0x36ccdF11044f60F196e981970d592a7DE567ed7b
9. Optimism smart contract address:
0x36ccdF11044f60F196e981970d592a7DE567ed7b
Details revealed on US GDP being published on-chain: Powered by Chainlink, initially supporting public chains like Arbitrum and Avalanche
According to Chainlink, the publication of US GDP data on-chain will be supported by Chainlink, with data updated monthly or quarterly, initially available across ten blockchain ecosystems.
Chainlink stated that the first batch of supported chains includes: Arbitrum, Avalanche, Base, Botanix, Ethereum, Linea, Mantle, Optimism, Sonic, and ZKsync. Additional blockchain networks may be gradually added based on user demand.
Notably, the public chains listed by the US Department of Commerce for publishing GDP data are: "Bitcoin, Ethereum, Solana, TRON, Avalanche, Arbitrum, Polygon, Optimism, Stellar," which differ slightly from Chainlink’s list.
Earlier, the US Secretary of Commerce announced plans to publish economic data such as GDP on blockchain platforms.
US Department of Commerce selects Pyth Network for on-chain economic data verification and distribution
According to official news, the US Department of Commerce has selected Pyth Network for on-chain economic data verification and distribution.
CFTC eases rules for overseas crypto exchanges entering US market
According to Bloomberg, the Commodity Futures Trading Commission (CFTC) recently issued guidance allowing certain overseas cryptocurrency exchanges to legally offer derivatives to US traders. This move opens the possibility for companies such as Binance Holdings Limited to re-enter the US market. Under the new rules, foreign platforms must register as a "foreign board of trade" and hold full licenses under regulatory regimes deemed comparable to US standards by the CFTC.
American Bitcoin, backed by Trump's son, plans Nasdaq listing in September
According to Reuters, American Bitcoin will merge entirely in stock with Gryphon Digital Mining and is expected to begin trading on the Nasdaq under the ticker ABTC in early September. The company is supported by US President Trump's two sons, Eric Trump and Donald Trump Jr., who, along with top investor Hut 8, will jointly hold 98% of the new entity post-merger. Hut 8 CEO Asher Genoot said the company chose to raise funds through an existing listed entity rather than a direct IPO to gain better financing advantages. Reports indicate American Bitcoin is seeking crypto assets in Hong Kong and Japan to expand its global operations and considering investments in non-US firms to provide publicly listed bitcoin assets.
Mitosis: Airdrop claim now open,将持续至 9 月 11 日
According to an official announcement, the Mitosis Foundation stated, "MITO Genesis airdrop claim is now live, with the claiming window closing on September 11, 2025, at 21:00. MITO tokens required to pay gas fees for claiming have already been deposited into users' registered claim addresses."
Previously, Binance Wallet launched an exclusive TGE event for Mitosis (MITO).
Mantle announces partnership with LayerZero to enable seamless cross-chain transfers of MNT tokens
According to Mantle's official X account, Mantle has partnered with the omnichain interoperability protocol LayerZero to enable seamless cross-chain liquidity for MNT tokens via Mantle's native bridge, starting with HyperEVM.
Tether announces plan to launch USDT on RGB
According to an official announcement, Tether plans to launch USDT on RGB, a next-generation protocol for issuing digital assets on Bitcoin. By bringing USDT to RGB, users will be able to hold and transfer both USDT and Bitcoin within the same wallet.
Cathay Capital International launches cryptocurrency trading service, supporting BTC, ETH, SOL and other tokens
According to Ming Pao, Cathay Capital International (1788) has announced the launch of a cryptocurrency trading service. The service supports trading of multiple cryptocurrencies including BTC, ETH, AVAX, LINK, and SOL.
Customers with professional investor status can also trade advanced investment products such as XRP, USDT, and USDC. Customers can allocate idle funds into Cathay Capital International's "Wealth Treasure" program.
Cathay Capital International's CEO and Executive Director, Haiying Qi, said the service aims to meet offshore investors’ demand for compliant digital asset trading, and the company plans to continuously expand supported cryptocurrencies and features, launching more advanced digital asset services in the future.
PetroChina: Exploring possibilities of stablecoin-based cross-border settlement
According to AASTOCKS, Wang Hua, CFO of PetroChina (00857), said at the interim results briefing that the company is closely monitoring the Hong Kong Monetary Authority's plans to license stablecoin issuers and is studying the feasibility of using stablecoins for cross-border settlements and payments.
Market Movements
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Web3 Job Hunting Reality: When the Bull Market Arrives, Jobs Disappear
This article discusses how, despite soaring cryptocurrency prices during bull markets, the Web3 industry's hiring market remains frozen. Shrinking job openings combined with a surge in job seekers have led to severe supply-demand imbalances and increasingly stringent recruitment criteria. Visible and invisible barriers exist within the industry, technical roles are prioritized, and the prevailing "clique culture" further complicates entry for newcomers. Nevertheless, Web3 continues to attract adventurers, with future hotspots likely centered on the convergence of AI and Web3, and the integration of traditional finance with on-chain assets.
The End of BTCFi: Observing Ecosystem Decline from BitLayer's Collapse
This article analyzes the reasons behind the failure of financialization projects within the BTC ecosystem and re-evaluates BTC's role in the broader crypto space. BTCFi projects face challenges due to technological limitations and flawed economic models, while BTC itself, as a store of value in the crypto world, derives its core value from consensus-building rather than complex financial applications.
Buybacks Sweep Crypto Projects—Why Is Only $HYPE Rising?
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New Trends in Crypto Treasury Strategy: Is Buying SOL More Efficient Than Hoarding ETH?
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Dr. Feng Xiao's Full Speech at Bitcoin Asia 2025: "ETF is Good! DAT is Better!"
This article records Dr. Feng Xiao's speech at Bitcoin Asia 2025, arguing that DAT (Digital Asset Treasury) may be more suitable than ETFs for crypto asset investment due to stronger liquidity, higher price elasticity, and more appropriate leverage. The main difference between DAT and ETF lies in valuation: DAT uses market cap-based valuation, resulting in greater price volatility, while ETF uses NAV-based valuation, leading to lower volatility. ETFs are better suited for traditional equity assets, whereas DATs are better aligned with crypto investments.
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