Kinda desperate moves by $PYTH to use the presidential seal for a fake White House press release screenshot implying they were the default and only oracle used for storing GDP onchain (when Chainlink was also a partner)
Causing a massive short squeeze and sending the price 2x
Pyth is normally well-known for being the least reliable protocol ever launched in crypto history.
Today, they're trail-blazing into new territory:
Where exactly do the "fuzzy lines" around faslifying government documents actually start?
What even is forgery?
In Pyth's desperation to look *special* in today's announcement about the US Commerce Department launching six price feeds with Chainlink and only one with them, they decided that creating a fictious White House Press release image about "Pyth Network selected by US Department of Commerce to Verify and Distribute Economic Date Onchain" was the right move.
That's right. They literally created a doctored image portraying an official-looking governmental White House Press release stating that they were chosen to "Verify and distribute economic data onchain."
Except, today's announcement had literally nothing to do with the White House itself. It was an announcement coming purely from the US Department of Commerce ran by the Secretary of Commerce, Howard Lutnick
You can go to and look at all the different sections and dates. There is *ZERO* White House correspondence, press release or otherwise, about the launching of today's economic data onchain via the US Commerce Department.
THEN, after creating and spreading a fake White House press release image, then, in this attached tweet, they claim that their CEO was "the only person quoted in the White House exclusive press release." You know, the one that doesn't even exist.
They've now since replaced this doctored press release image with a new one, but not before Pyth's price shot up 60% on the news.
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