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The SPX index is up 0.27%, For the upcoming week, investors should keep an eye on five key indicators: Consumer Confidence, New Home Sales, Final Q2 GDP, Energy prices, and Earnings reports. The broader cryptocurrency market is up, with Bitcoin and Ether rising 0.16% and 0.15% respectively, in the past 24 hours.
Today’s outperformer is CRV, which surged 9.6% in the past 24 hours following whale activity and new integrations contributing to growing the ecosystem.
Curve Finance (CRV), launched in January 2020, is a stableswap DEX and operates on multiple blockchains beyond Ethereum. CRV, its governance token, rewards liquidity providers and grants voting rights. Recently, the price of CRV surged due to a mysterious whale which acquired and staked 10.44 million CRV tokens. $CRV silo on Silo Llama has also reached an all-time high in TVL of $60 million, offering deep liquidity for $crvUSD, and Archimedes deployed its first $crvUSD pool on Convex Finance and Curve Finance.
Check Out the Latest Prices, Charts, and Data of CRVUSDT!
Swiss non-profit ZeroSync is working on the first zero-knowledge light client for Bitcoin, aimed at boosting throughput and privacy. The verifier enables zk proof-based light clients that could, among other things, let a Bitcoin full node run on mobile phones. ZeroSync also plans a second-layer protocol that could bring stablecoins and a significant throughput increase to Bitcoin without requiring a fork. Privacy is enhanced through the use of STARKs, and the effort marks the first use of StarkWare's Cairo programming language outside Ethereum. While Bitcoin's architecture resists quick changes, ZeroSync sees the forthcoming Simplicity programming language as a way to increase Bitcoin's capabilities and implement the best zk proof systems without needing broad consensus.