# U.S. Commerce Department Posts GDP Data Onchain

> The U.S. Department of Commerce published Q2 2025 GDP data on nine blockchains,  leveraging Pyth and Chainlink oracles.

**Published by:** [ETH Daily](https://ethdaily.io/)
**Published on:** 2025-08-29
**Categories:** news, 2025, august2025
**URL:** https://ethdaily.io/772

## Content

Quick TakeU.S. posts GDP data onchain.Safe introduces ERC-7955.ECF introduces Burned ETH. BitMine buys 78,791 ETH.U.S. Commerce Department Posts GDP Data OnchainListen to this episode from ETH Daily - Ethereum News on Spotify. The U.S Commerce Department posts GDP data onchain. Safe introduces ERC-7955. ECF introduces Burned ETH. And BitMine buys an additional 78,791 ETH. Read more: https://ethdaily.io/772 Disclaimer: Content is for informational purposes only, not endorsement or investment advice.https://spotify.comCommerce Department Posts GDP Data OnchainThe U.S. Department of Commerce published Q2 2025 GDP data on nine blockchains, including Ethereum, Arbitrum One, Polygon PoS, and Optimism, marking the first time a U.S. federal agency has published official economic data onchain. The Department published a SHA256 hash of the GDP release and its topline figure leveraging Pyth and Chainlink oracles. Centralized exchanges Coinbase, Gemini, and Kraken supported the execution, with Kraken onboarding the Department as a client and facilitating the transactions. Chainlink also made six key macroeconomic metrics from the Bureau of Economic Analysis (BEA) available onchain, which will be updated monthly or quarterly.Safe Introduces ERC-7955Safe introduced ERC-7955, a new standard for deploying a universal CREATE2 factory at a fixed address on any EVM-compatible chain. It enables deterministic, permissionless Safe contract deployments without relying on private keys or sealed transactions, making deployments permissionless and recoverable, allowing failed deployments to be retried. The standard removes reliance on the Safe team for deploying Safe smart contracts on new chains. Safe also released a web-based deployment tool to simplify the deployment process. ERC-7955 can act as a drop-in replacement for both the Safe Singleton Factory and Nick Johnson’s CREATE2 deployment proxy.ECF Introduces Burned ETHThe Ethereum Community Foundation introduced Burned ETH (BETH), an ERC-20 token representing provably burned ETH. When ETH is sent to the BETH smart contract, it is immediately forwarded to a burn address, permanently removing it from circulation. The contract then mints an equal amount of BETH tokens, maintaining a 1:1 correspondence with the burned ETH. By tokenizing proof of burn, BETH builds on Ethereum’s EIP-1559 burn mechanism and makes burned ETH verifiable, unlocking use cases for new DeFi products. Ethereum Community Foundation is a new organization dedicated to funding Ethereum projects that aim to increase the price and utility of ETH. BitMine Buys Additional 78,791 ETHBitMine Immersion Technologies Inc. purchased an additional 78,791 ETH, bringing its treasury to 1.8 million ETH, worth over $8 billion. BitMine also appointed David Sharbutt to its Board of Directors. Sharbutt previously served as a board member for the American Tower Corporation. BitMine remains the largest corporate holder of ETH.Other NewsACDE #219 highlightsStablecoin supply hits ATHEuler hits $3b TVLPrivacyPools hits 1k ETH depositsEarly days of ETH updatesBTCS stakes on Rocket PoolBiconomy Supertransaction APIBeaconchain Dashboard v2Soneium introduces Soneium scoreGelato supports ArbOS 40Blobstream migrates SuccinctChainlink Reserve adds 42k LINKFusaka audit starts Sept. 15Meet Mark MackeyGas usage over timeRedstone integrates RedstoneCFTC pathway for offshore Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.

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