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Last week, SPX index is up 0.8%, this rise was fueled by expectations that the Federal Reserve might maintain current interest rates and possibly reduce them next year. The broader cryptocurrency market is up, with Bitcoin and Ether rising 0.84% and 0.93% respectively in the past 24 hours.
Today’s outperformer is BEAM, which jumped 44.0% after Haven's Compass integrates with Beam Blockchain for enhanced in-game asset ownership.
Beam (BEAM) network opened on October 25, 2023, is a gaming-focused blockchain developed by Merit Circle, operating as a subnet on the Avalanche (AVAX) blockchain to benefit from its security and efficiency. Integrated with LayerZero for interoperability, Beam allows the creation of omnichain NFTs for seamless asset transfer across chains. Haven's Compass, a first-person shooter game, is integrating with Beam to emphasize true ownership of in-game assets using NFTs. Haven is available in Early Access on Epic Games and will fully deploy on Beam soon, with plans for a free NFT mint, token sale, and on-chain integration. This collaboration highlights Beam's focus on blockchain-enhanced gaming.
Jupiter, a decentralized exchange aggregator on the Solana blockchain, has announced the start of its JUP token airdrop, distributing 40% of its total supply (4 billion tokens) across four phases. The first phase allocates one billion tokens to users who achieved at least $1,000 in swap volume by November 2. The distribution includes 2% to all wallets, 7% based on adjusted volume, and 1% to active community members and developers. Despite Jupiter's $35 billion cumulative trading volume, some users are dissatisfied with their allocations, feeling they deserve more based on their long-term engagement. Users can check their eligibility and allocation on Jupiter's platform.
ICYMI - Bybit is currently celebrating our fifth anniversary with Five Year Jubilee Championship as Bitcoin break above $41K. Dont miss out on using this as leverage to climb up the leaderboard of this trading competition.
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