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The SPX index is up 0.84%, U.S. stock markets closed higher on Thursday, fueled by better-than-expected U.S. economic news, including strong retail sales and weekly jobless claims. The broader cryptocurrency market is up, with Bitcoin and Ether rising 1.22% and 1.51% respectively, in the past 24 hours.
Today’s outperformer is AXS, which surged 16.8% in the past 24 hours due to a partnership announcement with Collab.Land, together with a new update of their Off-Season.
Axie Infinity (AXS), launched in 2018, is a blockchain game where players own and battle characters called Axies. Recently, the Collab.Land Team has introduced new features for Ronin and Axie network, allowing admins to curate roles based on various ERC tokens and apply Axie Infinity rules in any server. Meanwhile, the Off-Season in Lunacians' Arena has started and players can win Fortune Chests with Runes and Charms until September 17. Off-Season Leaderboard Rewards offer additional items to help players prepare for Season 6, with upcoming announcements about balance updates and a special contest.
Check Out the Latest Prices, Charts, and Data of AXSUSDT!
Ether staking provider Lido is partnering with two projects in the Cosmos blockchain ecosystem, Neutron and Axelar, to bring its staked ether tokens (stETH) to the Cosmos network. This move could transfer millions of dollars in liquidity between the two ecosystems. Lido's stETH, with a $13.8 billion market cap, comes in two forms: a rebasing token (stETH) and a wrapped, auto-compounding token (wstETH). Both Neutron and Axelar have committed 1% of their token incentives to build liquidity for these tokens. Once on the Cosmos network, wstETH can be used on various blockchains built on Cosmos' Inter-Blockchain Communication (IBC) technology, including major DeFi protocols like Osmosis and dYdX.