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The SPX index is down 0.81%, market movements occurred as Powell expressed doubt that current monetary policies are tight enough to bring inflation down to 2%. The broader cryptocurrency market is up, with Bitcoin and Ether rising 2.70% and 9.10% respectively in the past 24 hours.
Today’s outperformer is GAS, which jumped 54.1% as Neo Announces Launch of MEV-Resistant EVM-Compatible Sidechain for Enhanced DeFi Security.
Neo Smart Economy (GAS), launched on 2014, is a blockchain platform that supports the development of decentralized applications and provides decentralized storage, external data oracles, and digital identity verification. It uses two cryptocurrencies: NEO for network governance and staking, and GAS for transaction fees and computational services. Neo is launching an EVM-compatible sidechain that offers MEV resistance and is slated for a testnet release by the end of 2023. It will incorporate Neo's existing dBFT consensus mechanism and feature transaction privacy through enveloping and proxy contracts. The GAS token will be used as governance and utility for this sidechain. It aims to attract a broader developer base with its compatibility and reduce entry barriers for users, with the community encouraged to engage in its governance and development.
Check Out the Latest Prices, Charts, and Data of GASUSDT Perp!
BlackRock has registered an iShares Ethereum Trust in Delaware, which analysts speculate could be a step towards filing for an Ethereum ETF. The firm previously registered similarly before applying for a Bitcoin ETF. BlackRock has not commented on the registration. The move takes advantage of Delaware's corporate-friendly laws. There is growing interest in Ethereum ETFs, with Grayscale looking to convert its Ethereum trust to an ETF and the start of Ethereum futures trading on the CBOE. Following the news, Ethereum's price exceeded $2,000 for the first time since July.
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