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The SPX index was up by 1.61%, driven by strong performances in sectors like consumer discretionary, technology, and materials. The broader cryptocurrency market was down, with Bitcoin and Ether dropping by 3.15% and 5.47%, respectively in the past 24 hours.
Today's top performer is FTM, which surged 3.9% following Sonic Labs' partnership with Safe to boost security and asset management.
Sonic Labs (FTM), founded in 2018, formerly known as Fantom Foundation, supports the development of Sonic, a new layer-1 blockchain designed for fast, efficient transactions and secure connectivity to Ethereum. It focuses on creating decentralized applications and managing governance for the Sonic ecosystem, which is set to launch later in the year.
Sonic Labs has partnered with Safe to enhance security and streamline asset management in the Sonic ecosystem. This collaboration will allow Sonic users to access a suite of applications for managing assets and interacting with DeFi in a secure environment. Additionally, Safe will implement its Account Abstraction stack to improve UX, security, and gas efficiency. More partnerships are anticipated.
Chainlink has launched its Data Streams and Verifiable Random Function (VRF) products on Base, a layer-2 blockchain incubated by Coinbase. This integration completes the availability of the full Chainlink suite for Base developers, enhancing the platform's capabilities in decentralized finance (DeFi) and secure random number generation. Data Streams offer low-latency, high-throughput market data to enable DeFi applications that match the speed and user experience of centralized exchanges. VRF provides trusted random number generation, essential for applications requiring high-speed, secure responses. Base benefits from these integrations by bolstering its infrastructure to support next-generation on-chain applications, leveraging its Ethereum L2 foundation to ensure security, stability, and scalability.
Category | Flow (millions) |
GBTC | (25.0) |
Non-GBTC | 36.1 |
Total | 11.1 |
Yesterday, the BTC Spot ETF flows shows a net total inflow of $11.1 million. This total comprises a $25.0 million outflow from GBTC and a $36.1 million inflow into Non-GBTC categories.
"Sahara AI" is launching as a decentralized AI blockchain platform aiming to foster an open, equitable, and collaborative economy. The platform has secured $43 million in funding and boasts support from major backers including Pantera, Binance, and Polychain. Interested individuals are invited to join the waitlist to become early users, with different registration options available based on their intended use of the platform.