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The SPX index is up 0.87% partly fueled by reduced tensions in the Middle East and partly by anticipation for upcoming corporate earnings and economic data. The broader cryptocurrency market is up, with Bitcoin and Ether rising by 3.17% and 1.34%, respectively in the past 24 hours.
Today’s outperformer is DODO, which jumped 19.91% after Introducing DODOchain for enhanced cross-chain liquidity and efficiency.
Dodo (DODO), launched in August 2020, is a multi-chain DEX featuring a Proactive Market Maker (PMM) for better trade prices, enhanced capital efficiency, a unique token launch platform called "Crowdpooling", and a "Vending Machine" for market creation. DODOchain is a new Layer 3 Omni-Trading platform developed to bridge Bitcoin and Ethereum Layer 2 solutions, consolidating liquidity across various chains. Powered by Arbitrum Orbit, EigenDA, and AltLayer, it addresses the issues of fragmented liquidity and complex operations in Layer 2 networks by improving cross-chain interoperability and transaction efficiency. The platform supports token trading, re-staking, and includes features like Omni Trade and Omni Liquidity. Key partnerships with Arbitrum, Eigenlayer, and AltLayer enhance scalability, throughput, and rollup infrastructure. DODOchain also offers native staking yields and connections between BTC L2 and ETH L2, including Non-EVM chains. The platform's testnet is currently live, inviting users to explore and innovate in cross-chain trading and liquidity management.
Check Out the Latest Prices, Charts, and Data of DODOUSDT!
Shiba Inu has raised $12 million from prominent crypto VCs like Animoca Brands and Polygon Ventures for a new blockchain and the TREAT token, described as the final non-stable token for the ecosystem. This new "layer three" blockchain, built on the Shibarium layer-2 network atop Ethereum, will incorporate Fully Homomorphic Encryption to enhance transaction privacy. The TREAT token will serve as a utility and governance token within this network. Despite the announcement, SHIB's price remained stable, although it has seen a 19% increase over the week, currently ranking as the 11th largest cryptocurrency by market capitalization.
Check Out the Latest Prices, Charts, and Data of SHIB1000USDT Perp and SHIBUSDT Spot!
Category | Value |
GBTC | 42.5 |
Non-GBTC | 19.7 |
Total | 62.2 |
Bitcoin (BTC) experienced a slight decline of 0.15% on Sunday, closing at $65,067 after reversing a gain from the previous day. Post-Bitcoin Halving, attention has shifted to the BTC-spot ETF market, where recent outflows have raised concerns about potential profit-taking. Analysts are closely watching market flow data, especially following net outflows of $204.3 million for the week ending April 19. Upcoming U.S. economic data, including Services PMI, Q1 GDP numbers, and Personal Income and Outlays Report, will be significant in influencing BTC market sentiment amidst uncertainty about the Fed's rate path. Technical analysis suggests BTC remains in a bullish position, hovering above key EMAs, with potential resistance at $67,500. Meanwhile, Ethereum (ETH) shows a bearish near-term outlook but remains above the 200-day EMA, indicating a longer-term bullish trend.
Participants in the Nostra Airdrop farming are eligible for additional STRK rewards, available for claiming through the Nostra platform. This is part of an ongoing reward campaign, encouraging participants to maintain their involvement for future rewards. The primary aim remains qualifying for the Nostra airdrop, though new users can still join to become eligible. Furthermore, Starknet has hinted at a potential second airdrop, suggesting improvements that might allow all active users to qualify.