US data + Google blockchain... bullish?

Welcome back to The Warmup.

We’re happy it’s Friday, actually happier than CZ after the CFTC’s offshore green light.

Here’s what we’re watching:

• Market Snapshot

• GDP Just Went Onchain

• SOL Breakout Next?

• Google Launching Its Own L1 Blockchain

• What We’re Watching

Market: Crypto majors slid with BTC at 108K, ETH at 4,300 and SOL at 208, while PYTH and PUMP took the lead as top movers.

GDP Just Went Onchain

What’s going on:

The U.S. Commerce Department just started publishing official economic stats directly to blockchains, working with Chainlink and Pyth oracles to make the data tamper-proof and usable by smart contracts.

The first feeds cover GDP, PCE inflation, and Real Final Sales with updates arriving monthly or quarterly.

Chainlink feeds are already live on networks like Ethereum, Arbitrum, Optimism, Base, and Avalanche, while Pyth is providing quarterly GDP releases with historical backfill.

Markets reacted fast: PYTH jumped nearly 100% on the news, while LINK spiked 8% before cooling off.

What it means:

This is a watershed moment, a federal agency is now using crypto oracles for official U.S. economic data.

That unlocks a new era where smart contracts can respond in real time to GDP or inflation numbers, powering things like GDP-linked payouts, onchain hedges, and prediction markets.

It’s a win across the board: efficiency gains for the government, transparency for citizens, and credibility plus adoption for crypto.

LINK and PYTH are the immediate winners, but the bigger takeaway is that blockchain is moving firmly into the financial mainstream.

SOL Breakout Next?

What’s going on:

Solana is flashing signs of strength after months on “struggle street.” Against both BTC and ETH, SOL has been in steady downtrends, and every attempt to reclaim $200 failed.

But this past week, multiple key levels finally cracked, hinting a bigger breakout may be forming.

Key levels we’re watching:

• SOL/BTC: Downtrend broken after 7+ months → higher weekly close confirmed

• SOL/ETH: Trendline break in progress → needs weekly close above confirmation line

• $200 level: Reclaimed for the first time since February and holding above

Directional Bias: Bullish momentum building

If SOL can flip these former resistance levels into support, upside momentum could accelerate fast.

What we’re waiting for:

• Confirmation on the SOL/ETH breakout this week

• ETF headlines or treasury buys from major players

• Progress (or launch) of Firedancer, a major scalability upgrade

Solana’s structure looks the best it has all year with $200 as the new line in the sand. Eyes on whether momentum can push it toward a true breakout.

Google Launching Its Own L1 Blockchain

What’s going on:

Google is building its own Layer 1 blockchain called the Google Cloud Universal Ledger (GCUL).

Rich Widmann, Google’s Head of Web3 Strategy, revealed on LinkedIn that GCUL is designed to be performant, credibly neutral, and support Python-based smart contracts.

The project is already being piloted with CME Group, one of the world’s largest commodity exchanges, to explore tokenization and payments.

Unlike Circle’s Arc or Stripe’s Tempo, Google is positioning GCUL as a neutral infrastructure layer that any financial institution can use.

What it means:

This is a big move. With over 3B monthly Google Cloud users, even small adoption rates could dwarf Ethereum’s active user base.

While GCUL’s corporate backing may raise concerns for decentralization purists, its distribution power could accelerate mainstream crypto adoption.

Corporate L1s like GCUL will compete directly with Ethereum and Solana for institutional money, though not with Bitcoin. This strengthens the case for a multichain future.

If Google follows through, this could be one of the most significant developments in bringing crypto to the masses.

• Aave attracts tokenisation titans in revival of institutional product

• Eric Trump calls China ‘hell of a power’ in crypto

• 21Shares files for Sei ETF with possible staking

ETH just tapped fresh all-time highs over the weekend before cooling off, which is a totally normal move since assets often retest old highs a few times.

With summer liquidity still thin and news flow quiet, we’re likely stuck in a holding pattern until September heats up.

That makes now one of the last good windows to keep stacking majors before the next leg of the bull.

When that breakout comes, we’ll be looking to take some profits while still staying bullish for the quarters ahead.

— The Warmup Team

Always do your own research. This newsletter is supplemental material to help educate readers as they make their own decisions. Projects mentioned here are provided to give a potential early-mover advantage.