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The SPX index is up 0.52%, the positive momentum was spurred by expectations of additional Chinese stimulus and remarks from Atlanta Fed President Bostic suggesting a pause in interest rate hikes. The broader cryptocurrency market is down, with Bitcoin and Ether dropping 0.64% and 1.09% respectively, in the past 24 hours.
Today’s outperformer is REQ, which surged 52.8% in the past 24 hours after collaboration with FLock, pioneering decentralized AI with blockchain Integration and enhanced privacy.
Request Network (REQ), launched in 2017, is a decentralized payment platform on the Ethereum blockchain. It allows for secure invoicing in multiple cryptocurrencies, offers cross-currency settlements, and records transactions transparently on the blockchain. The platform can be extended for various payment features and boasts lower fees that decrease with wider adoption. Using the REQ token for fees, which are burned in transactions, it aims to make financial transactions more transparent and efficient than traditional methods. FLock, created by Jiahao Sun, merges Federated Learning and Blockchain to enhance decentralized AI. By integrating blockchain, it balances collaboration and privacy in machine learning, with applications in healthcare. In partnership with Request Network, they aim to innovate lending and credit scoring. They've launched a testnet, have plans for DeFi integrations and global hackathons, and prioritize data security. FLock actively engages its community, offering an early adopter program, highlighting its ambition in advancing decentralized machine learning.
Check Out the Latest Prices, Charts, and Data of REQUSDT!
Untangled Finance, a tokenized real-world asset (RWA) marketplace, has launched on the Celo network after raising $13.5 million, led by London's Fasanara Capital. Fasanara Capital has also established two tokenized credit pools on the platform. Untangled plans to expand to Ethereum and Polygon networks through Chainlink's Cross Chain Interoperability Protocol, aiming to become a multichain RWA credit protocol. As tokenization of traditional assets like credit and real estate gains traction, Untangled aims to tokenize the traditional private credit market, valued at over $1 trillion. The platform focuses on fintech lending, such as invoice financing, salary-based advances, and green asset loans. Untangled offers blockchain-based credit pools for certified investors, who receive an ERC-20 token symbolizing their position. The platform has innovative features like a liquidation engine and a proactive credit assessment model. Fasanara Capital's CEO, Francesco Filia, emphasized the convergence of fintech lending and the digital asset realm.