Written by AIMan, Golden Finance The US government has taken another on-chain action. On August 28, 2025, the U.S. Department of Commerce announced that it would publish real gross domestic product (GDP) data on nine blockchains starting in July 2025. At the same time, Chainlink also announced a partnership with the U.S. Department of Commerce to upload six key U.S. economic data to 10 blockchains. What's going on? Why are there different numbers of blockchains? How are they all uploaded? This article briefly explains. Hash: US Department of Commerce puts GDP document hash values on blockchain On August 28, 2025, the U.S. Bureau of Economic Analysis announced that the annual growth rate of real GDP in the second quarter of 2025 would be revised to 3.3%. In addition to real GDP data, the U.S. Bureau of Economic Analysis also releases nominal GDP, real final sales by private domestic buyers, real gross domestic income (GDI), the average of real GDP and real GDI, the domestic purchases price index, the personal consumption expenditures (PCE) price index, and the core PCE price index. The document is published in PDF format: https://www.bea.gov/sites/default/files/2025-08/gdp2q25-2nd.pdf The U.S. Department of Commerce subsequently announced that it had published the official hash of the PDF file of GDP data for the second quarter of 2025 (including the total GDP in some cases) to the following nine blockchains: Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS and Optimism. In other words, the U.S. Department of Commerce downloaded the above PDF file and performed a SHA256 hash operation on it, and the hash result was: c70972a12908b73c2407d9cc6842ba2a02203a690f3090cd29f30c45f0cfd93d This hash value is then published to nine blockchains, either as a memo or as data embedded in a smart contract, along with the total data (depending on the blockchain). The transaction hash or smart contract address for each blockchain is as follows: Bitcoin transaction hash: fcf172401ca9d89013f13f5bbf0fc7577cb8a3588bf5cbc3b458ff36635fec00 Ethereum smart contract address: 0x36ccdF11044f60F196e981970d592a7DE567ed7b Solana Transaction Hash: 43dJVBK4hiXy1rpC5BifT8LU2NDNHKmdWyqyYDaTfyEeX8y3LMtUtajW3Q22rCSbmneny56CBtkictQRQJXV1ybp TRON transaction hash: 3f05633fb894aa6d6610c980975cca732a051edbbf5d8667799782cf2ae04040 Stellar transaction hash: 89e4d300d237db6b67c 510f71c8cd2f690868806a6b40a40a5a9755f4954144a Avalanche smart contract address: 0x36ccdF11044f60F196e981970d592a7DE567ed7b Arbitrum One smart contract address: 0x36ccdF11044f60F196e981970d592a7DE567ed7b Polygon PoS smart contract address: 0x36ccdF11044f60F196e981970d592a7DE567ed7b Optimism smart contract address: 0x36ccdF11044f60F196e981970d592a7DE567ed7b Let’s open the Ethereum smart contract address and take a look: As shown above, the hash value of the U.S. Bureau of Economic Analysis GDP PDF file is indeed written into the Ethereum smart contract. So what about Chainlink? Feed: Chainlink brings 6 data feeds to the chain Unlike the U.S. Department of Commerce, which simply uploads the hash value of PDF files to the chain, Chainlink feeds six key U.S. economic data as data sources (Data Feed) to 10 blockchains. These six data are: real GDP, annualized growth rate of real GDP, PCE price index, annualized growth rate of PCE price index, actual final sales to private domestic buyers, and annualized growth rate of actual final sales to private domestic buyers. Chainlink initially supports 10 blockchains: Arbitrum, Avalanche, Base, Botanix, Ethereum, Linea, Mantle, Optimism, Sonic, and ZKsync. Chainlink also stated that it will update the system monthly or quarterly, depending on the situation, and will gradually support more blockchain networks based on user demand. Taking Ethereum as an example, its feed address is as follows: This means that as long as you integrate Chainlink and choose to read the US Government Macroeconomic Data Feeds, Chainlink will push these six economic indicator data of the US real economy to you on the chain. Conclusion Unlike the U.S. Department of Commerce, which merely uploads document hashes, Chainlink may be more significant. Because oracles feed government macroeconomic data, they can unlock innovative use cases for the crypto market, such as serving as a data source for predicting market results, issuing crypto assets related to official data, inflation-linked crypto products, and so on. This time, the U.S. Department of Commerce and Chainlink put some U.S. official data on the chain, which is of course a manifestation of the government's further acceptance of blockchain. However, it's also important to note that many in the crypto industry already know that blockchain only guarantees that data on the chain cannot be tampered with, but the reliability of the uploaded data itself is questionable. Furthermore, some US government data has been subject to market skepticism, including from Trump himself. Just as, the GDP data released by the U.S. Bureau of Economic Analysis this time is its second estimate. The U.S. Bureau of Economic Analysis releases multiple revisions to its quarterly GDP figures to provide a more accurate picture of the economy. The Advance Estimate is the first release, typically about a month after the end of the period. The Second Estimate, released about a month after the first, is revised based on more data and offers a more accurate picture of the economy. The Third Estimate (Final Estimate) is the final estimate, based on more comprehensive data.Written by AIMan, Golden Finance The US government has taken another on-chain action. On August 28, 2025, the U.S. Department of Commerce announced that it would publish real gross domestic product (GDP) data on nine blockchains starting in July 2025. At the same time, Chainlink also announced a partnership with the U.S. Department of Commerce to upload six key U.S. economic data to 10 blockchains. What's going on? Why are there different numbers of blockchains? How are they all uploaded? This article briefly explains. Hash: US Department of Commerce puts GDP document hash values on blockchain On August 28, 2025, the U.S. Bureau of Economic Analysis announced that the annual growth rate of real GDP in the second quarter of 2025 would be revised to 3.3%. In addition to real GDP data, the U.S. Bureau of Economic Analysis also releases nominal GDP, real final sales by private domestic buyers, real gross domestic income (GDI), the average of real GDP and real GDI, the domestic purchases price index, the personal consumption expenditures (PCE) price index, and the core PCE price index. The document is published in PDF format: https://www.bea.gov/sites/default/files/2025-08/gdp2q25-2nd.pdf The U.S. Department of Commerce subsequently announced that it had published the official hash of the PDF file of GDP data for the second quarter of 2025 (including the total GDP in some cases) to the following nine blockchains: Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS and Optimism. In other words, the U.S. Department of Commerce downloaded the above PDF file and performed a SHA256 hash operation on it, and the hash result was: c70972a12908b73c2407d9cc6842ba2a02203a690f3090cd29f30c45f0cfd93d This hash value is then published to nine blockchains, either as a memo or as data embedded in a smart contract, along with the total data (depending on the blockchain). The transaction hash or smart contract address for each blockchain is as follows: Bitcoin transaction hash: fcf172401ca9d89013f13f5bbf0fc7577cb8a3588bf5cbc3b458ff36635fec00 Ethereum smart contract address: 0x36ccdF11044f60F196e981970d592a7DE567ed7b Solana Transaction Hash: 43dJVBK4hiXy1rpC5BifT8LU2NDNHKmdWyqyYDaTfyEeX8y3LMtUtajW3Q22rCSbmneny56CBtkictQRQJXV1ybp TRON transaction hash: 3f05633fb894aa6d6610c980975cca732a051edbbf5d8667799782cf2ae04040 Stellar transaction hash: 89e4d300d237db6b67c 510f71c8cd2f690868806a6b40a40a5a9755f4954144a Avalanche smart contract address: 0x36ccdF11044f60F196e981970d592a7DE567ed7b Arbitrum One smart contract address: 0x36ccdF11044f60F196e981970d592a7DE567ed7b Polygon PoS smart contract address: 0x36ccdF11044f60F196e981970d592a7DE567ed7b Optimism smart contract address: 0x36ccdF11044f60F196e981970d592a7DE567ed7b Let’s open the Ethereum smart contract address and take a look: As shown above, the hash value of the U.S. Bureau of Economic Analysis GDP PDF file is indeed written into the Ethereum smart contract. So what about Chainlink? Feed: Chainlink brings 6 data feeds to the chain Unlike the U.S. Department of Commerce, which simply uploads the hash value of PDF files to the chain, Chainlink feeds six key U.S. economic data as data sources (Data Feed) to 10 blockchains. These six data are: real GDP, annualized growth rate of real GDP, PCE price index, annualized growth rate of PCE price index, actual final sales to private domestic buyers, and annualized growth rate of actual final sales to private domestic buyers. Chainlink initially supports 10 blockchains: Arbitrum, Avalanche, Base, Botanix, Ethereum, Linea, Mantle, Optimism, Sonic, and ZKsync. Chainlink also stated that it will update the system monthly or quarterly, depending on the situation, and will gradually support more blockchain networks based on user demand. Taking Ethereum as an example, its feed address is as follows: This means that as long as you integrate Chainlink and choose to read the US Government Macroeconomic Data Feeds, Chainlink will push these six economic indicator data of the US real economy to you on the chain. Conclusion Unlike the U.S. Department of Commerce, which merely uploads document hashes, Chainlink may be more significant. Because oracles feed government macroeconomic data, they can unlock innovative use cases for the crypto market, such as serving as a data source for predicting market results, issuing crypto assets related to official data, inflation-linked crypto products, and so on. This time, the U.S. Department of Commerce and Chainlink put some U.S. official data on the chain, which is of course a manifestation of the government's further acceptance of blockchain. However, it's also important to note that many in the crypto industry already know that blockchain only guarantees that data on the chain cannot be tampered with, but the reliability of the uploaded data itself is questionable. Furthermore, some US government data has been subject to market skepticism, including from Trump himself. Just as, the GDP data released by the U.S. Bureau of Economic Analysis this time is its second estimate. The U.S. Bureau of Economic Analysis releases multiple revisions to its quarterly GDP figures to provide a more accurate picture of the economy. The Advance Estimate is the first release, typically about a month after the end of the period. The Second Estimate, released about a month after the first, is revised based on more data and offers a more accurate picture of the economy. The Third Estimate (Final Estimate) is the final estimate, based on more comprehensive data.

How does the US government put GDP data on the blockchain?

2025/09/01 07:30
5 min read

Written by AIMan, Golden Finance

The US government has taken another on-chain action.

On August 28, 2025, the U.S. Department of Commerce announced that it would publish real gross domestic product (GDP) data on nine blockchains starting in July 2025.

At the same time, Chainlink also announced a partnership with the U.S. Department of Commerce to upload six key U.S. economic data to 10 blockchains.

What's going on? Why are there different numbers of blockchains? How are they all uploaded? This article briefly explains.

Hash: US Department of Commerce puts GDP document hash values on blockchain

On August 28, 2025, the U.S. Bureau of Economic Analysis announced that the annual growth rate of real GDP in the second quarter of 2025 would be revised to 3.3%.

In addition to real GDP data, the U.S. Bureau of Economic Analysis also releases nominal GDP, real final sales by private domestic buyers, real gross domestic income (GDI), the average of real GDP and real GDI, the domestic purchases price index, the personal consumption expenditures (PCE) price index, and the core PCE price index.

The document is published in PDF format: https://www.bea.gov/sites/default/files/2025-08/gdp2q25-2nd.pdf

The U.S. Department of Commerce subsequently announced that it had published the official hash of the PDF file of GDP data for the second quarter of 2025 (including the total GDP in some cases) to the following nine blockchains: Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS and Optimism.

In other words, the U.S. Department of Commerce downloaded the above PDF file and performed a SHA256 hash operation on it, and the hash result was:

c70972a12908b73c2407d9cc6842ba2a02203a690f3090cd29f30c45f0cfd93d

This hash value is then published to nine blockchains, either as a memo or as data embedded in a smart contract, along with the total data (depending on the blockchain).

The transaction hash or smart contract address for each blockchain is as follows:

Bitcoin transaction hash:

fcf172401ca9d89013f13f5bbf0fc7577cb8a3588bf5cbc3b458ff36635fec00

Ethereum smart contract address:

0x36ccdF11044f60F196e981970d592a7DE567ed7b

Solana Transaction Hash:

43dJVBK4hiXy1rpC5BifT8LU2NDNHKmdWyqyYDaTfyEeX8y3LMtUtajW3Q22rCSbmneny56CBtkictQRQJXV1ybp

TRON transaction hash:

3f05633fb894aa6d6610c980975cca732a051edbbf5d8667799782cf2ae04040

Stellar transaction hash:

89e4d300d237db6b67c 510f71c8cd2f690868806a6b40a40a5a9755f4954144a

Avalanche smart contract address: 0x36ccdF11044f60F196e981970d592a7DE567ed7b

Arbitrum One smart contract address: 0x36ccdF11044f60F196e981970d592a7DE567ed7b

Polygon PoS smart contract address: 0x36ccdF11044f60F196e981970d592a7DE567ed7b

Optimism smart contract address: 0x36ccdF11044f60F196e981970d592a7DE567ed7b

Let’s open the Ethereum smart contract address and take a look:

As shown above, the hash value of the U.S. Bureau of Economic Analysis GDP PDF file is indeed written into the Ethereum smart contract.

So what about Chainlink?

Unlike the U.S. Department of Commerce, which simply uploads the hash value of PDF files to the chain, Chainlink feeds six key U.S. economic data as data sources (Data Feed) to 10 blockchains.

These six data are: real GDP, annualized growth rate of real GDP, PCE price index, annualized growth rate of PCE price index, actual final sales to private domestic buyers, and annualized growth rate of actual final sales to private domestic buyers.

Chainlink initially supports 10 blockchains: Arbitrum, Avalanche, Base, Botanix, Ethereum, Linea, Mantle, Optimism, Sonic, and ZKsync. Chainlink also stated that it will update the system monthly or quarterly, depending on the situation, and will gradually support more blockchain networks based on user demand.

Taking Ethereum as an example, its feed address is as follows:

This means that as long as you integrate Chainlink and choose to read the US Government Macroeconomic Data Feeds, Chainlink will push these six economic indicator data of the US real economy to you on the chain.

Conclusion

Unlike the U.S. Department of Commerce, which merely uploads document hashes, Chainlink may be more significant.

Because oracles feed government macroeconomic data, they can unlock innovative use cases for the crypto market, such as serving as a data source for predicting market results, issuing crypto assets related to official data, inflation-linked crypto products, and so on.

This time, the U.S. Department of Commerce and Chainlink put some U.S. official data on the chain, which is of course a manifestation of the government's further acceptance of blockchain.

However, it's also important to note that many in the crypto industry already know that blockchain only guarantees that data on the chain cannot be tampered with, but the reliability of the uploaded data itself is questionable. Furthermore, some US government data has been subject to market skepticism, including from Trump himself.

Just as, the GDP data released by the U.S. Bureau of Economic Analysis this time is its second estimate.

The U.S. Bureau of Economic Analysis releases multiple revisions to its quarterly GDP figures to provide a more accurate picture of the economy. The Advance Estimate is the first release, typically about a month after the end of the period. The Second Estimate, released about a month after the first, is revised based on more data and offers a more accurate picture of the economy. The Third Estimate (Final Estimate) is the final estimate, based on more comprehensive data.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Shocking OpenVPP Partnership Claim Draws Urgent Scrutiny

Shocking OpenVPP Partnership Claim Draws Urgent Scrutiny

The post Shocking OpenVPP Partnership Claim Draws Urgent Scrutiny appeared on BitcoinEthereumNews.com. The cryptocurrency world is buzzing with a recent controversy surrounding a bold OpenVPP partnership claim. This week, OpenVPP (OVPP) announced what it presented as a significant collaboration with the U.S. government in the innovative field of energy tokenization. However, this claim quickly drew the sharp eye of on-chain analyst ZachXBT, who highlighted a swift and official rebuttal that has sent ripples through the digital asset community. What Sparked the OpenVPP Partnership Claim Controversy? The core of the issue revolves around OpenVPP’s assertion of a U.S. government partnership. This kind of collaboration would typically be a monumental endorsement for any private cryptocurrency project, especially given the current regulatory climate. Such a partnership could signify a new era of mainstream adoption and legitimacy for energy tokenization initiatives. OpenVPP initially claimed cooperation with the U.S. government. This alleged partnership was said to be in the domain of energy tokenization. The announcement generated considerable interest and discussion online. ZachXBT, known for his diligent on-chain investigations, was quick to flag the development. He brought attention to the fact that U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce had directly addressed the OpenVPP partnership claim. Her response, delivered within hours, was unequivocal and starkly contradicted OpenVPP’s narrative. How Did Regulatory Authorities Respond to the OpenVPP Partnership Claim? Commissioner Hester Peirce’s statement was a crucial turning point in this unfolding story. She clearly stated that the SEC, as an agency, does not engage in partnerships with private cryptocurrency projects. This response effectively dismantled the credibility of OpenVPP’s initial announcement regarding their supposed government collaboration. Peirce’s swift clarification underscores a fundamental principle of regulatory bodies: maintaining impartiality and avoiding endorsements of private entities. Her statement serves as a vital reminder to the crypto community about the official stance of government agencies concerning private ventures. Moreover, ZachXBT’s analysis…
Share
BitcoinEthereumNews2025/09/18 02:13
United States Building Permits Change dipped from previous -2.8% to -3.7% in August

United States Building Permits Change dipped from previous -2.8% to -3.7% in August

The post United States Building Permits Change dipped from previous -2.8% to -3.7% in August appeared on BitcoinEthereumNews.com. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet. FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted. The author and FXStreet are not registered investment advisors and nothing in this article is intended…
Share
BitcoinEthereumNews2025/09/18 02:20
CME Group to launch Solana and XRP futures options in October

CME Group to launch Solana and XRP futures options in October

The post CME Group to launch Solana and XRP futures options in October appeared on BitcoinEthereumNews.com. CME Group is preparing to launch options on SOL and XRP futures next month, giving traders new ways to manage exposure to the two assets.  The contracts are set to go live on October 13, pending regulatory approval, and will come in both standard and micro sizes with expiries offered daily, monthly and quarterly. The new listings mark a major step for CME, which first brought bitcoin futures to market in 2017 and added ether contracts in 2021. Solana and XRP futures have quickly gained traction since their debut earlier this year. CME says more than 540,000 Solana contracts (worth about $22.3 billion), and 370,000 XRP contracts (worth $16.2 billion), have already been traded. Both products hit record trading activity and open interest in August. Market makers including Cumberland and FalconX plan to support the new contracts, arguing that institutional investors want hedging tools beyond bitcoin and ether. CME’s move also highlights the growing demand for regulated ways to access a broader set of digital assets. The launch, which still needs the green light from regulators, follows the end of XRP’s years-long legal fight with the US Securities and Exchange Commission. A federal court ruling in 2023 found that institutional sales of XRP violated securities laws, but programmatic exchange sales did not. The case officially closed in August 2025 after Ripple agreed to pay a $125 million fine, removing one of the biggest uncertainties hanging over the token. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/cme-group-solana-xrp-futures
Share
BitcoinEthereumNews2025/09/17 23:55