Revolut, the U.K.-based digital banking giant, is the latest company to join the Pyth Network as a data publisher.

The partnership between the Financial Conduct Authority regulated neobank and Pyth Network (PYTH) means Revolut will now contribute its price data to the blockchain-based oracle network, benefiting the growing decentralized finance ecosystem.

Revolut’s integration with Pyth comes as the gap between traditional finance and DeFi continues to narrow.

This trend has gained traction amid the increasing adoption of blockchain technology across financial technology and related ecosystems. The Pyth Network’s oracle solution plays a key role in this evolution as the platform seeks to expand alongside industry giant Chainlink (LINK). Both oracle networks aim to provide web3 users and institutions with enhanced transparency and reliability.

Mike Cahill, chief executive officer of Duoro Labs and a contributor to the Pyth Network, highlighted the growing recognition of digital assets and DeFi within traditional finance.

“Pyth’s collaboration with Revolut is part of a larger trend we’re seeing, where traditional banking institutions, trusted by millions of customers globally, are recognizing the value of decentralized finance and digital assets. Together, we are driving the future of finance, where transparent and reliable data empowers the next generation of financial applications,” he noted.

As a data publisher on Pyth Network, Revolut will contribute to Pyth’s price feeds, enhancing the security and reliability of decentralized applications. In turn, Pyth will leverage Revolut’s market expertise to provide accurate and dependable price feeds to dApps. For Revolut, the partnership marks a significant step in expanding its presence in the web3 space.

Launched in 2015, Revolut has grown to over 45 million users and offers its services in 200 countries. Meanwhile, the Pyth Network continues to expand, with more than 120 data providers, over 590 price feeds, and integration across 450 dApps.

Benjamin Cowen is saying that the price action of Bitcoin (BTC) could mirror that of the Nasdaq exchange-traded fund (ETF) Invesco QQQ during the first 13 months that followed its launch about 26 years ago.

In a new video, Cowen tells his 855,000 YouTube subscribers that the QQQ ETF hit a local top after going up by 150% in roughly one year following the launch of the ETF.

The QQQ ETF tracks the performance of the 100 largest non-financial firms listed on the Nasdaq stock exchange.

As the flagship digital asset approaches the first anniversary since the launch of the spot Bitcoin ETF, Cowen says the crypto king could replicate similar price action, though it’s unlikely to “play out the exact same way.”

“In 1999 the QQQ ETF launched in March and it rallied from around $48 to $120. And that Rally from $48 to $120 took about 54 weeks – $48 to $120…

…if you look at Bitcoin’s ETF, it launched at around $48,000… if you look at the launch of the spot ETF for Bitcoin it wicked up to $48,000 instead of down to it like it did with the QQQ [ETF]. But interestingly enough, 54 weeks later is January 20th – Inauguration Day [of President-elect Donald Trump], which is interesting because 54 weeks after this launch of the QQQ, it was 54 weeks later the QQQ went from like $48 to $120.

Now look at this, if you go to Bitcoin on the daily time frame and you connect these highs here [$99,600, $104,100 and $108,200] and you just extend that out what’s fascinating is if you grab the sort of a price label and you go over to January 20th and go up to this trend line it would put you at $120,000 which is exactly what the QQQ did – it went from $48 to $120, 54 weeks later.”

Cowen says that if Bitcoin’s price action closely follows that of the QQQ ETF in the first 13 months of its existence, a 48% drop is a possibility.

“Obviously this is very dubious and obviously, we know that QQQ got a large drop after that…

…what I would be interested in is if Bitcoin finds itself at $120,000 at some point in a few weeks, what is the reaction there? And one potential outcome… basically what happened with the QQQ is after it hit $120, it had a large drop down to $63, which is a pretty big drop.”

Bitcoin is trading at $101,484 at time of writing.

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South Korea considers easing restrictions on corporate crypto trading, with plans to gradually issue real-name accounts to institutional investors.

South Korea is set to allow corporations to invest in cryptocurrencies as the Financial Services Commission is considering a gradual approach to lifting restrictions, Yonhap News Agency reports, citing the regulator. Under the plan, companies will be able to open real-name accounts on crypto exchanges, starting with non-profit organizations.

As of press time, South Korea’s crypto laws only allow retail investors with verified real-name accounts to trade. While there is no official ban on institutional investors, banks have been advised not to issue real-name accounts to corporations, the report notes. The FSC aims to change this, with plans to discuss the issue through the Digital Asset Committee.

The financial regulator also plans to introduce measures that will allow fintech companies to grow. The goal is to improve collaboration between financial groups and fintech firms. There will also be improvements in how crypto exchanges are regulated, especially regarding the listing of tokens and the handling of stablecoins.

Earlier in January, Chairman of the South Korea Exchange, Jeong Eun-bo, said the trading platform wants to “explore” crypto spot ETF approval in 2025 as reports indicate that the FSC also wants to allow companies to launch security token offerings.

In his speech at the the Securities and Derivatives Market Opening Ceremony 2025, Jeong said the exchange will “benchmark overseas cases for new businesses such as cryptocurrency ETFs and explore new areas in the capital market.”