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#Write2Earn Pyth Network is an integral part of the Solana ecosystem, garnering interest from over 50 global investors. So, what is Pyth Network? Let's explore in the following article with @WISE PUMPS
What is Pyth Network?
Pyth Network is an advanced oracle solution that provides highly accurate market data from professional traders and exchanges for smart contracts. The main goal of Pyth Network is to ensure the provision of prices for every asset on the blockchain while empowering data owners and users.
What is Pyth Network?
Currently, Pyth Network focuses not only on pricing data for the crypto, forex, stocks, and commodities markets but also provides data solutions for developers to build decentralized applications within the Web3 space.
What is the operational mechanism of PYTH?
The operation mechanism of PYTH involves encouraging users to provide prices for various types of assets. There are three main user groups in the Pyth Network system:
Publishers: These are data price providers who receive corresponding fees. Publishers can be traders, exchanges, or other organizations with access to accurate price information
Consumers: Users who utilize the price data provided by Publishers. Consumers can be blockchain protocols, decentralized applications (dApps), or other organizations in need of price data for their operations.
Delegators: Participants who stake PYTH tokens and earn fees from this activity. Delegators play a crucial role in enhancing the security and reliability of the Pyth Network.
The operational diagram of Pyth Network.
The user groups interact with each other through four main mechanisms:
Price Aggregation Mechanism: By aggregating prices from various Publishers, this mechanism generates a single, accurate, and reliable price. It helps prevent price manipulation by one or more entities with malicious intent.
Data Staking Mechanism: This mechanism determines the stake of participants in staking and distributes fees from staking activities within the Pyth Network. Users receive rewards upon successful completion of staking tasks.
Reward Distribution Mechanism: This fair and transparent mechanism distributes rewards to Publishers, incentivizing them to provide accurate price data.
Governance Mechanism: Responsible for managing other mechanisms within the Pyth Network ecosystem. This includes tasks such as approving tokens, determining input data fees and common usage, as well as defining PYTH tokens in the staking mechanism.
What are the Notable Features of Pyth Network?
Pyth Network possesses several notable features, including:
Speed: Pyth Network is a reliable market data source that is continuously updated with low latency, at just 400ms (equivalent to 200 thousand updates per day). The data provided by Pyth extends beyond various types of crypto assets to include harder-to-obtain assets such as U.S. stocks, forex pairs, and metal prices.
Free of Charge: Pyth Network offers data and open-source completely free of charge. However, users can opt to pay for data to enhance security and guard against the risk of information theft.
How to input data into Pyth Network
Accuracy: Data from Pyth Network is collected from reliable sources such as exchanges, brokers, and financial institutions. This ensures that the information is consistently updated and highly accurate.
Security: Pyth Network places a strong emphasis on security and information reliability. PYTH data is protected through security measures such as trust boundaries, minimum provider rules, strict data source compliance checks, and economic incentivization for protocol developers.
Information about PYTH Token
Token Metrics
Token Name: Pyth Token
Ticker: PYTH
Blockchain: Solana
Token Standard: SPL
Total Supply: 10,000,000,000 PYTH
Initial Circulating Supply: 1,500,000,000 (15%)
Token Allocation
The quantity of PYTH tokens will be evenly distributed and unlocked according to a schedule from 6 to 42 months after the launch.
Token Allocation
Publisher Rewards: 22%
Ecosystem Growth: 52%
Protocol Development: 10%
Community and Launch: 6%
Private Sales: 10%
Token Vesting Schedule
85% of the total token supply of PYTH will be initially locked and unlocked in phases at 6, 18, 30, and 42 months after the token launch.
Publisher Rewards (22%): 2% will be unlocked immediately after the Token Generation Event (TGE), then locked for 6 months. Every 12 months, a linear unlock will occur over the subsequent 42 months.
Protocol Development (10%): 15% will be unlocked right after TGE and locked for 6 months, followed by gradual vesting over the next 42 months. Unlocking occurs every 12 months.
Ecosystem Growth (52%): 13% will be unlocked immediately after TGE, then locked for 6 months, and continue vesting over the next 42 months. Unlocking occurs every 12 months.
Private Sales (10%): Locked for 6 months, followed by vesting over the next 42 months. Unlocking occurs every 12 months.
Community & Launch (6%): Entirely unlocked from the start with no specified lockup period.
$PYTH Project Development Team
#investors and Partners
To become a companion with Pyth, individuals or organizations can opt to become Consumers or Publishers in the Developers section of the Pyth Network. #PYTH has attracted interest from many investors and potential partners such as Alameda Research, AAX, Akuna Capital...
Conclusion
In conclusion, Pyth Network revolutionizes the market by providing reliable, real-time data across various asset classes. What sets Pyth apart is its swift, accurate, and free data delivery, making it a compelling choice for both consumers and publishers. With notable investors and partners onboard, what is #PythNetwork emerges as a promising force in the blockchain ecosystem.
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.#TrendingTopic

#uma Ethereum ($ETH ) risks 18% decline if this happens to price
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Major cryptocurrencies began the week lower as #investors continued to be concerned about the Bitcoin price drop, thus seemingly reducing their exposure to the broader market in expectation of lower pricing.
#ETHEREUMS , the second-largest cryptocurrency by market value, fell 2.66% in the last 24 hours to $2,408, mirroring the overall market trend.
Since reaching a high of $2717 on Jan. 12, Ethereum has steadily declined, bringing it to a crucial demand zone that remains decisive for its short-term price action.
According to Ali, a crypto analyst, ETH is currently in a key demand zone, ranging between $2,388 and $2,460. If this support holds strong, there seems to be a clear path ahead with minimal resistance, offering the potential for upward movement.
Ethereum Market Update: ETH is currently in a key demand zone, ranging between $2,388 and $2,460. If this support holds strong, there's a clear path ahead with minimal resistance, offering a potential for upward movement.
⚠️ However, if ETH fails to maintain this level, we… pic.twitter.com/F0HfyrSdGF
— Ali (@ali_charts) January 21, 2024
However, a bearish scenario could unfold if ETH fails to hold above this crucial support level. Ali states that if ETH fails to maintain this level, a pullback to the next significant support area of around $2,000 might occur.
A trip to around $2,000 would mean a 17% drop from the current price of $2,408. The next major support below $2,000 is the daily Simple Moving Average (SMA) 200, which is currently at $1,923.
A breach of this level could open the doors for more losses, possibly toward the $1,800 and $1,700 levels. Meanwhile, the daily SMA 50 level at $2,338 might seek to curtail losses in the immediate term.
On the other hand, if ETH sees a reversal from its current declines and bounces off the $2,388 and $2,460 support zones, it could resume its uptrend and target the $2,614 level again.
A successful break above this level could pave the way for a rally toward the $2,717 and $2,900 levels, where the coin faces the next hurdles. The ultimate target for bulls is to reclaim the $3,000 psychological level last reached in April 2022.#MANTA #Launchpool

#uma XRP bucks trend in face of $2.9 billion market setback, emerging as standout performer with positive capital flow
In the face of a challenging week for digital asset investment products, XRP emerges as the sole beacon of positivity, showcasing resilience in the volatile market. Coinshares' latest weekly report reveals a setback with minor outflows totaling $21 million across digital assets, particularly impacting higher-cost issuers in the U.S.
Notably, since the launch of spot-based #ETFs on Jan. 11, 2024, incumbent players suffered a significant blow with $2.9 billion in outflows.
However, amid the gloom, the report presents a silver lining. The data illustrates a noteworthy influx of over half a million dollars into investment products, particularly those focused on the popular cryptocurrency $XRP . The digital asset stands as the only alternative to Bitcoin that witnessed a positive capital flow, recording an impressive $4 million since the beginning of the year.
Source: #Coinshares
The hit
The market's major hit came from Grayscale's decision to sell its Bitcoin holdings from the #gbtc trust, contributing to the overall setback. Even with the introduction of new ETFs, which garnered $4.13 billion in inflows since their launch, they were unable to compensate for the losses suffered by higher-cost incumbent ETPs.
Investors leveraged the recent price weakness to capitalize on short-Bitcoin investment products, with inflows there and minor outflows of $25 million for Bitcoin itself.
As the digital asset landscape navigates through challenges, XRP's resilience and positive capital flow underscore its appeal among #investors .
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#uma VC investor focused on $AI believes that artificial intelligence companies may start using cryptocurrencies in future
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In a recent interview during #CNBC ’s Squawk Box, Joe Lonsdale discussed the current rapid AI development and whether Bitcoin and other cryptocurrencies may find use cases in the future by AI-focused companies.
Lonsdale is a founding partner of 8VC; he also founded Palantir Technologies, Addepar and the University of Austin in Texas. Right now, he seems to be passionate about the upcoming artificial intelligence era.
Lonsdale on potential Bitcoin and AI future interaction
When asked by host Joe Joe Kernen about Bitcoin, the current price drop after the approval of spot-based Bitcoin #ETFs , Joe Lonsdale first of all agreed with the host that “Bitcoin is real.” Kernen believes that now that anyone can buy Bitcoin via an ETF, it would be hard for the price to go up high quickly again.
Bitcoin's next move. @JTLonsdale talks crypto and the impact of AI. pic.twitter.com/owl66FUbbr
— Squawk Box (@SquawkCNBC) January 22, 2024
In response to that, Lonsdale stated that, in the future, a new type of active Bitcoin buyers may emerge, who are not regular investors or traders. The VC #investors believes that they could be “AI agents.” If AI succeeds in certain consumer areas, according to Lonsdale, then “AI agents” may be using Bitcoin, tokenizing things, etc. He agreed with another Squawk Box cohost, Andew Sorkin, that AI may perhaps use not only Bitcoin (or track its price) but also Ethereum ($ETH ), Solana ($SOL ), or all three coins together, and “they are probably correlated at the end of the day.”
Overall, Lonsdale reckons that, aside from using crypto, once AI is integrated fully into business processes, it may increase companies’ profits tremendously. However, per Lonsdale, that might not happen within just a few years – here he compared AI to electricity at the start of the 20th century.
"$500,000 per Bitcoin story"
As for the question, if he agrees to Cathie Wood’s recent Bitcoin price predictions of $500,000 and even $1,000,000, Lonsdale said that it will probably depend on a major factor – macroeconomic factors and where they will stand within the next few years.
If there is a massive deficit, and the government is “spending money responsibly,” then, Lonsdale says, “what #assets. is safe?” If there is major inflation in 2025-2026, and again we see government “misspending” and bonds sold off, then crypto can do very well, according to him.#uma

#Write2Earn After revealing its fourth-quarter results, SNAP Inc. shocked the markets and saw its shares drop by about thirty percent.
STORY HIGHLIGHTS
Snapchat parent had failed to provide guidance that would create a hopeful sentiment among its #investors .
In an interview with Yahoo Finance, Kamran Ansari, the Headline venture partner expressed his disappointment with the firm.
Despite the negative news around the token’s parent, SNAP prices have ascended in the last 24 hours.
SNAP token creator, SNAP Inc. disappointed the markets after posting their fourth-quarter results. The Snapchat parent had failed to provide guidance that would create a hopeful sentiment among its investors. Ever since the company posted its fourth-quarter results, the shares of the firm have fallen over 25%, creating worries about its future.
Snap Inc shares fall after Q4 results
In an interview with Yahoo Finance, Kamran Ansari, the Headline venture partner expressed his disappointment with the firm. He said that Snap “has been flat the last year or so.” This indicated that the stock has underperformed for the past couple of years, raising bets that investors might be concerned about the stock’s future.
Ansari added, “If you look at their (SNAP) 2022 revenue versus 2023, essentially identical, and they’re still losing quite a bit of money.” The same sentiment has been reflected in the share price of the company. The stock is down nearly 30% ever since the quarterly results of the company were reported.
Snap Inc. posts disappointing quarterly results
According to #CNBC reports, Snap Inc. revealed revenue that lagged behind analysts’ projections and released a forecast that fell slightly short of Wall Street’s expectations. The report further highlighted that Snap has had six consecutive quarters of single-digit growth. The firm has also seen sales declines as a result of its struggles to recover from the downturn in the digital ad market. Revenue increased by almost 5% annually in the fourth quarter, from $1.3 billion to $1.36 billion.
Snap’s disappointing results come shortly after it announced a workforce reduction. The firm had said that it would be letting go of about 10% of its workforce. The job reduction is the second in the last two years as tech companies overall have grappled with uncertainties and workforce reductions.
SNAP token prices today
Despite the negative news around the token’s parent, SNAP prices have ascended in the last 24 hours, according to Coin Market Cap. At the time of writing, the token stands at $0.0001814, being up nearly 2% as compared to the last day. The current market cap of the token stands at $58,732.68, being down from a previous volume of $24,614.73. #TrendingTopic #BTC

#BTC Tom Lee, Fundstrat's cofounder, predicts bright future for Bitcoin on #CNBC , with expectations of it reaching $150,000 in next year and staggering $500,000 in five years
In a Wednesday CNBC interview, Tom Lee, the renowned cofounder of Fundstrat Global Advisors, presented an astonishingly bullish forecast for Bitcoin.
Lee predicts that Bitcoin could surge to $150,000 in the next 12 months and escalate to an impressive half a million dollars within five years.
Analyzing key factors
Lee's optimistic stance on Bitcoin is deeply rooted in his analysis of the current economic scenario and the intrinsic aspects of Bitcoin itself.
He argues, "There's a finite supply [of Bitcoin], but now we have a potentially huge increase in demand," stressing the scarcity and increasing interest in the cryptocurrency.
This bullish view is especially striking when contrasted with his more measured predictions for the #StockMarket .
Lee expects the stock market to face challenges in the early half of 2024, followed by a robust recovery in the latter part.
In his interview, Lee said, "I think 2024 is ultimately going to be a good year in stocks...But the caveat being the first six months, probably a little more challenging."
He elaborates that this is due to the anticipation of the Federal Reserve's policy decisions, which will significantly impact #investors sentiment.
Weighing economic indicators
Lee is optimistic about Bitcoin's future, but he does not overlook the broader economic risks. He estimates the likelihood of a recession to be about 20%, a figure he deems low but significant.
The expert's predictions also hinge on the expectation of declining inflation and the Federal Reserve's approach to monetary policy.
He believes that the focus will be less on the frequency of rate cuts and more on overall economic health.
Discussing the economic outlook, Lee stated, "I think the recession odds are low...The only risk to our view would be if we have a recession."#etf
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#BTC Ripple Labs has reinforced its market standing with a $285 million share buyback
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Ripple's financial position remains strong
Ripple's previous buyback
#RippleLabs , the cryptocurrency giant known for its XRPcoins, has announced a substantial buyback of its shares.
The company is set to repurchase $285 million worth of shares from early #investors and employees, according to anonymous two sources cited by Reuters in their Wednesday report. This tender offer propels Ripple's valuation to an impressive $11.3 billion.
Ripple's decision to buy back shares is a strategic move to strengthen investor confidence and assert its financial stability.
The #Buyback limits investors to selling only up to 6% of their stake. This restriction is a savvy approach to maintaining a balanced shareholder structure.
Ripple's financial position remains strong
#RippleCEO Brad Garlinghouse, emphasized the company's strong financial position, with over $1 billion in cash and $25 billion in crypto assets, primarily XRP.
Despite ongoing legal battles with the U.S. Securities and Exchange Commission, Ripple has demonstrated resilience and growth, recently acquiring Switzerland-based crypto custody firm Metaco for $250 million.
Ripple's previous buyback
Notably, this isn't Ripple's first foray into share buybacks. In early January 2022, the company had previously repurchased shares issued after securing $200 million in funding in 2019.
This earlier buyback, at a valuation of $15 billion, represented a significant increase from the $10 billion valuation at the time of the funding round.
The move not only underscored Ripple's strong market momentum but also suggested a hefty 50% profit for investors in just over two years.

#Write2Earn XRP, a Ripple-backed token, fueled a wave of speculations today as it noted whale activity worth $14.74 Mln amid a price drop below $0.53.
STORY HIGHLIGHTS
An $XRP whale dumped 27.95 million coins to a centralized #exchange .
Derivatives data for the Ripple-backed token showcased #investors closing their positions.
XRP price noted a drop below the $0.53 mark.
In a thrilling turn of events, XRP, one of the top 6 cryptocurrencies by global market cap, birthed a cyclone of speculations across the broader crypto market today, following the jotting down of significant whale activity within the crypto realm. On-chain data hovering over the market pointed out that a whale recently offloaded a staggering 27.95 million XRP to a Luxembourg City-based CEX amid a substantial drop below $0.53 noted by the Ripple-backed token. Amidst the recent relief gained by Ripple against the U.S. SEC in a lawsuit, the price gradually gained an upward momentum, however dropped imminently.
This seems to have garnered noteworthy interest among crypto market enthusiasts globally, as top analysts worldwide recently portrayed a bullish stance on the XRP. However, with the whale’s significant offloading mirroring the fall in price further, additional inferences for XRP’s bearish run in the near future appear to be birthing.
Notably, XRP Whale, a renowned crypto market analyst, today claimed the token would pump hard over the next 48 hours, contrasting the usual market sentiment of a price dip with whale’s dump to exchanges. This remark by the analyst has sparked speculations further as derivatives data for the token also showcased a negative sentiment, with money leaving the futures market.
XRP Whale Activity: Diving Deep
According to the data unveiled by the blockchain tracking platform Whale Alert, a staggering 27.95 million XRP, worth $14.74 million, on the move nabbed significant attention globally. Per the data, the unknown wallet address r4wf7enWPx…5XgwHh4Rzn was observed transferring the aforestated amount to the mentioned #CEXs today, February 14.
Although the token already noted a drop below the $0.53 mark when the whale offloaded this massive amount, the downward momentum for XRP continued following the selloff, curating bearish sentiments for the token.
Meanwhile, the derivatives data offered by Coinglass illustrated a 2.44% dip in the token’s open interest, reaching $617.41, additionally mirroring bearish thoughts on the XRP.
Simultaneously, the XRP price witnessed a substantial drop today, soon after its jump past the $0.53 mark. This fall reflects the whale’s significant selloff and the drop noted in open interest, contrasting XRP’s potential run to the wave three targets of $1.88.
XRP Price Dips
As of writing, the XRP price noted a drop of 0.99% over the past 24 hours and is currently trading at $0.525. This drop comes after the price recently surged past the $0.53 mark, which sparked immense curiosity among traders and investors.
With top analysts predicting the token’s bull run ahead, today’s selloff, derivatives data, and price slump come contrastingly. However, XRP whale’s proclamation of XRP to pump hard emerged amid the token’s price slump, propelling curiosity globally.#BTC