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Blockchain & Web3 Weekly Bytes Edition #77
🌐 Google Blockchain Testnet, US Data On-Chain, Why Oracles Matter
Aug 30, 2025
Hello Blockchain Enthusiast,
Welcome to Edition #77 of Blockchain & Web3 Weekly Bytes. Google is piloting a payments blockchain in private testnet. The U.S. government has started publishing key economic data on public chains including Bitcoin and Ethereum. JPMorgan analysts say Bitcoin is undervalued with a fair value closer to $126K. Our spotlight this week explains why blockchains depend on oracles to function reliably beyond their own networks.
TLDR – This Week at a Glance:
• Google Blockchain testnet in private pilot
• U.S. data feeds go live on public chains
• JPMorgan pegs Bitcoin’s fair value at $126K
• Tech Spotlight: Why Blockchains Need Oracles
• Affiliate Resource: NordVPN — keep wallets and browsing secure with encrypted access Check it out here.
🧠 Weekly Trivia
Which Web3 browser wallet dropped support for seed phrases this year, shifting entirely to passkeys and social recovery?
A) MetaMask
B) Phantom
C) OKX Wallet
D) Uniswap Wallet
*Answer revealed at the end 👇
📰 This Week’s Blockchain and Web3 Highlights
Google Cloud Pilots Blockchain for Payments: The company is running a private testnet for a blockchain aimed at financial services, positioning it as a neutral settlement layer.
U.S. Government Starts Posting Data On-Chain: Macroeconomic releases are now distributed on public blockchains including Bitcoin, Ethereum, and Solana to improve transparency.
JPMorgan Flags Bitcoin as Undervalued: Analysts estimate BTC’s fair value at $126K by year-end, citing record-low volatility versus gold.
Sony’s Soneium Launches Activity Scoring: Its new framework tracks streaks, liquidity, NFT holdings, and project engagement to reward users on its blockchain.
Pudgy Penguins Debut Mobile Game: “Pudgy Party,” built with Mythical Games, is now live on iOS and Android with fast-paced mini-games for global players.
Ethereum Labeled ‘Cheap’ by Standard Chartered: The bank reaffirmed its $7,500 price target for ETH, citing staking yields and undervalued treasury holdings.
Crypto Industry Pushes Back on Senate Bill: Over 100 companies urged Congress to protect software developers from liability in future crypto market rules.
🔦 Tech Spotlight: Why Blockchains Need Oracles
Blockchains are powerful, but they can’t directly see or verify anything outside their own networks. This creates a gap when decentralized apps require real-world data, such as market prices, weather conditions, or sports results. That’s where oracles step in.
• Reliable data feeds
Smart contracts utilize oracles to retrieve live prices or event outcomes, ensuring that actions such as loan liquidations are accurate.
• Cross-chain bridges
Oracles connect blockchains so apps on different networks can interact without central gatekeepers.
• Security focus
Oracles themselves must be resistant to manipulation. Networks like Chainlink, Pyth, and API3 spread trust across many independent nodes.
Takeaway: Oracles expand blockchains from isolated ledgers into systems that can power finance, supply chains, and consumer apps with trusted external data.
📊 Chart of the Week: Bitcoin Trades Calmer Than Gold
For the first time, Bitcoin’s 60-day volatility has remained lower than gold’s for months. Once seen as the most unstable asset, Bitcoin is now showing steadier movement than gold, long considered the standard safe haven.
The trend reflects growing maturity in the market, with ETF flows, institutional trading, and stronger liquidity helping narrow swings. It is reshaping how investors perceive Bitcoin’s risk profile in comparison to gold and U.S. bonds.
Source: River
😂 A Little Blockchain Humor Break 🤣
Source: Naiive
That closes out Edition #77 of Blockchain & Web3 Weekly Bytes. We covered Google’s payments blockchain testnet, U.S. economic data going live on public chains, JPMorgan’s $126K fair value call for Bitcoin. Our spotlight showed why blockchains need oracles to connect reliably with the outside world.
✅ Trivia Answer: C) OKX Wallet
Earlier this year, OKX Wallet became the first major Web3 browser wallet to eliminate seed phrases, adopting passkeys and social recovery for account access.
See you next Saturday with fresh updates from Blockchain and Web3 Insights.
Thank you,
Ajay Tomar
Founder & Creator
Blockchain and Web3 Insights LLC
🌐 blockchainweb3insights.com
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