The good news of the US Department of Commerce collaborating with Pyth and Link oracles to upload US economic data to the blockchain is both timely and icing on the cake. After a surge in the prices of the two cryptocurrencies, their trends diverged unexpectedly. My understanding is that this positive news is a timely help for Pyth, which had been dormant for over 90% of its value. For Link, with its recent buybacks over the past month, the expected momentum driven by asset-on-chain oracles has been strong. Last night's news is merely icing on the cake, and of course, it's also related to Ethereum's recent decline.
I saw the news yesterday and thought this logic was in play. I thought Pyth had greater potential and was worth pursuing, so I bought $50,000 to see if I could. Today, I was delighted to see my prediction was correct, but when I opened my account, I was stunned. Last night, I didn't buy $50,000, but 50,000 Pyth (I didn't check the unit). The sky is falling. 😢