Crypto Markets Eye Inflation Data for Potential Impacts

MYX Finance price went parabolic again as the recent short-squeeze resumed. However, the formation of a double-top pattern and the funding rate point to an eventual crash in the coming days. MYX Finance (MYX) came in the spotlight earlier this…

The post Taiko Makes Chainlink Data Streams Its Official Oracle appeared on BitcoinEthereumNews.com. Key Notes Taiko has officially integrated Chainlink Data Streams for its Layer 2 network. The integration provides developers with high-speed market data to build advanced DeFi applications. The move aims to improve security and attract institutional adoption by using Chainlink’s established infrastructure. Taiko, an Ethereum-based ETH $4 514 24h volatility: 0.4% Market cap: $545.57 B Vol. 24h: $28.23 B Layer 2 rollup, has announced the integration of Chainlink LINK $23.26 24h volatility: 1.7% Market cap: $15.75 B Vol. 24h: $787.15 M Data Streams. The development comes as the underlying Ethereum network continues to see significant on-chain activity, including large sales from ETH whales. The partnership establishes Chainlink as the official oracle infrastructure for the network. It is designed to provide developers on the Taiko platform with reliable and high-speed market data, essential for building a wide range of decentralized finance (DeFi) applications, from complex derivatives platforms to more niche projects involving unique token governance models. According to the project’s official announcement on Sept. 17, the integration enables the creation of more advanced on-chain products that require high-quality, tamper-proof data to function securely. Taiko operates as a “based rollup,” which means it leverages Ethereum validators for transaction sequencing for strong decentralization. Boosting DeFi and Institutional Interest Oracles are fundamental services in the blockchain industry. They act as secure bridges that feed external, off-chain information to on-chain smart contracts. DeFi protocols, in particular, rely on oracles for accurate, real-time price feeds. Taiko leadership stated that using Chainlink’s infrastructure aligns with its goals. The team hopes the partnership will help attract institutional crypto investment and support the development of real-world applications, a goal that aligns with Chainlink’s broader mission to bring global data on-chain. Integrating real-world economic information is part of a broader industry trend. Just last week, Chainlink partnered with the Sei…

The post Ethereum’s ERC-8004 Brings AI-Driven Economic Potential appeared on BitcoinEthereumNews.com. Key Points: ERC-8004 launch by Cobo enables AI as economic entities in crypto. No immediate market impact noted yet. Potential for significant future Ethereum ecosystem evolution. Cobo’s co-founder Fish the Godfish introduced a groundbreaking crypto stack—x402, AP2, and ERC-8004—on September 17th, enabling AI agents to transact as economic entities officially. This technical advancement fosters new machine involvement in economic activities within Ethereum, anticipated to alter future DeFi landscapes, despite no current financial or market impact observed. ERC-8004 and AI: Transforming Ethereum Transactions Cobo’s ERC-8004 aims to transform the cryptocurrency landscape by allowing AI agents to engage in economic activities, introducing a stack that interlinks x402 and AP2 for seamless transactions. Fish the Godfish, the primary architect of this initiative, has highlighted the potential for AI to evolve into true economic agents, changing how transactions are approached in blockchain ecosystems. The introduction of this stack is a technological milestone, though no immediate financial impact has surfaced. The stack positions Ethereum as a hub for machine-led commerce, foreshadowing future changes in decentralized finance and smart contract applications. When AI learns to spend: From x402 to AP2, and then to ERC-8004, explore how to make the Agent a true economic entity. — Fish the Godfish, Co-founder and CEO of Cobo Reactions to the announcement have been cautiously optimistic, with many in the community anticipating advancements, although industry influencers have yet to comment. This caution suggests that while the technical potential is acknowledged, its market and practical impacts remain speculative. Ethereum’s Evolution: AI Agents and Market Dynamics Did you know? ERC-8004, hailed as a significant advancement, has historical parallels with early smart contract technologies that first enabled programmable transactions on blockchains. Ethereum (ETH) is valued at $3,957.24 with a market cap of 477,631,941,155. Its 24-hour trading volume is $15.36 billion, showing a -55.14% change,…