News

BlockBeats News, August 28, according to market data from a certain exchange, LINK surged over 5% in a short period and is now trading at $25.3. Previous reports stated that the U.S. Department of Commerce has partnered with Chainlink to bring U.S. government macroeconomic data on-chain.

BlockBeats News, August 28, according to an official announcement, the U.S. Department of Commerce announced today that starting from July 2025, actual Gross Domestic Product (GDP) data will be published on the blockchain. According to revised estimates released by the U.S. Bureau of Economic Analysis, GDP in July 2025 is projected to grow at an annualized rate of 3.3%. This marks the first time a federal agency has published economic statistical data on the blockchain in this manner, and it is the latest initiative by the Department of Commerce to use innovative technology to protect federal data and promote public usage. The Department of Commerce has published the official hash values for the quarterly GDP data release in 2025 (in some cases also including the total GDP data) on the following nine blockchains: Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS, and Optimism. At the same time, through coordination with Pyth and Chainlink oracles, this data is further disseminated. A certain exchange assisted in facilitating the Department of Commerce’s data release. The Department of Commerce will continue to innovate and expand the scope of future data releases (such as GDP), including using more blockchains, oracles, and trading platforms. Through this milestone initiative, the Department of Commerce aims to demonstrate the broad application value of blockchain technology, provide a proof of concept for the entire government, and continue the historic efforts of the Trump administration to build the United States into a global blockchain hub.