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The SPX index was down 0.20% due to concerns over potential delays in the Federal Reserve's interest rate cuts following unexpected strength in manufacturing data. The broader cryptocurrency market is also down, with Bitcoin and Ether dropping by 1.84% and 3.76%, respectively, in the past 24 hours.
Today’s outperformer is CORE, which jumped 35.5% following the launch of Core Ignition, which revealed earning opportunities in the Core Chain DeFi ecosystem.
Core DAO (CORE), launched on January 14, 2023, aims to transform web3 design by offering scalability, security, and independence. It achieves this through a hybrid mechanism that integrates proof of work (PoW) and delegated proof of stake (DPoS) systems. CORE has opened Core Ignition to the public, promoting active participation in the BTCfi revolution on the Core Chain. This initiative rewards users for engaging in activities like staking, gaming, and NFT minting. Participation and inviting friends increase one's Core Ignition Score, which determines rewards based on ecosystem involvement. This phase aims to expand the DeFi ecosystem on Core Chain, inviting all to join and earn rewards.
Babylon, a protocol for Bitcoin staking, is collaborating with Lorenzo Protocol to launch a 'Bitcoin Liquid Restaking' service. Utilising Babylon's technology, Lorenzo Protocol will issue liquid restaking tokens (stBTC), signifying Bitcoin staked via Babylon's restaking protocol. This collaboration emphasises security by making Lorenzo Protocol's restaking tokens accessible only on layer 2 platforms that implement Babylon's Bitcoin staking and timestamping protocol for security.
Date | Report | Previous |
Tue, Apr. 02 | JOLTs Job Openings FEB | 8.863M |
In January 2024, U.S. job openings declined by 26,000 to 8,863 million, marking the lowest level in three months and falling short of the expected 8.9 million. The decrease was notable in sectors such as retail trade, transportation, warehousing, utilities, durable goods manufacturing, construction, private educational services, and government. However, nondurable goods manufacturing saw an increase in openings. Regionally, the South, Midwest, and West experienced declines, whereas the Northeast saw an increase in job openings, according to the U.S. Bureau of Labor Statistics.
Parallel Network, an omni-chain restaking L2 platform, has launched a testnet airdrop campaign, offering participants a chance to earn free airdrop allocations. Backed by major investors like Coinbase, Sequoia, and Polychain Capital, the platform has secured $30 million in funding. Participants can qualify for the airdrop by engaging with the Parallel testnet to accumulate points, with a higher point count leading to a larger airdrop share. The process involves bridging test ETH, using a special invite code to create a Parallel Wallet, claiming faucets, and utilising the lending feature. For a detailed tutorial on how to qualify, refer to their step-by-step guide.