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Showing posts with the label macroeconomic data

US Commerce, Chainlink to Bring Macroeconomic Data Onchain

The US Department of Commerce is tagging Chainlink (LINK) to help the US government bring “government macroeconomic data on-chain. Commerce Secretary Howard Lutnick announced the government’s plans to resume trying to place key US spending and economic data on blockchain on Wednesday, saying the department was just “ironing out all of the details.” JUST IN: US Department of Commerce partners with Chainlink $LINK to bring "government macroeconomic data onchain." pic.twitter.com/fd6hjkgT1b — Watcher.Guru (@WatcherGuru) August 28, 2025 According to Chainlink, the data will be updated at least quarterly and is available across ten blockchain ecosystems, including Avalanche, Base, and Ethereum. LINK’s announcement adds that more blockchain ecosystems could be added to support this data, based on user demand. The following six data points on the U.S. economy are now available for viewing on-chain: U.S. Government Macroeconomic Data Data Type Data Descripti...

Ethereum price prediction with US CPI data release

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On August 14, the United States will release the monthly Consumer Price Index (CPI) data, a leading economic indicator. U.S. CPI news may influence all finance markets worldwide, including cryptocurrencies, stocks, forex, and commodities – driving Finbold to seek insights on an Ethereum (ETH) price prediction. Ethereum is the second-largest cryptocurrency by market capitalization behind Bitcoin (BTC) and the most valuable blockchain infrastructure ecosystem. Recently, the project has gained the spotlight with traditional finance participants like BlackRock (NYSE: BLK) through the ETH spot ETFs. Therefore, as the leading Web3 and decentralized finance (DeFi) token grows in relevancy on Wall Street, macroeconomic data releases like the CPI could have a larger impact on its short-term price speculation. Picks for you Backed joins eNor Securit...