Pyth Network Partners with Kalshi, Spark Up PYTH Price Before a Dip

Pyth Network (PYTH) announced a strategic alliance with Kalshi, the United States’ first federally regulated event exchange platform. The partnership will see Kalshi’s prediction market data stream real-time to over 100 blockchains via the Pyth network. This marks the first on-chain publication of curated event data at scale, empowering developers, institutions, and protocols to build new financial applications based on future probabilities, according to a press release. PYTH price surged in response to this news before subsequently experiencing a slight decline.