AI Summary
Show More
Quickly grasp the article's content and gauge market sentiment in just 30 seconds!
The SPX index is up 1.45%, weaker-than-expected U.S. economic data regarding job openings and consumer confidence led to lowered bond yields and raised expectations that the Fed might pause its rate hikes. The broader cryptocurrency market is up, with Bitcoin and Ether rising 6.26% and 4.97% respectively, in the past 24 hours.
Today’s outperformer is STX, which surged 18.3% in the past 24 hours after recently integrating with Pyth Network and launching Pyth Oracle on STX.
Stacks Blockchain (STX), launched in January 2018, is focused on enhancing Bitcoin by adding smart contracts and decentralized apps on its layer while, allowing all transactions to settle on Bitcoin due to its Proof of Transfer consensus mechanism. Last week, STX has integrated with Pyth's oracle to provide over 300 real-time price feeds, aiming to enhance DeFi applications on Stacks. Pyth's unique low-latency pull oracle design offers real-time data across 30 blockchains. The feature is live on both testnet and mainnet for developer testing.
Check Out the Latest Prices, Charts, and Data of STXUSDT!
Grayscale Investments has won a lawsuit against the U.S. Securities and Exchange Commission (SEC), overturning the SEC's previous rejection of Grayscale's application to convert its over-the-counter Bitcoin Trust into a listed Bitcoin exchange-traded fund (ETF). The court ruled that the SEC's decision was "arbitrary and capricious," but the victory does not guarantee that Grayscale's spot Bitcoin ETF will eventually be listed. The Grayscale Bitcoin Trust is the largest over-the-counter Bitcoin fund with over $14 billion in assets under management. This legal battle comes amid financial challenges for Grayscale's parent company, Digital Currency Group, which owes creditors over $3 billion.