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The SPX index is up 0.5%, these market movements followed Fed Chair Jerome Powell's speech to Congress, where he suggested the policy rate has reached its peak for the current cycle, although rate cuts are not yet planned. The broader cryptocurrency market is up, with Bitcoin and Ether rising by 8.45% and 9.34%, respectively in the past 24 hours.
Today’s outperformer is PHB, which jumped 58.9% after Phoenix introduces customizable GenAI model with fine-tuning capabilities.
Phoenix Global (PHB), founded in 2015, is a NEO blockchain-based cryptocurrency, focusing on decentralized applications with an emphasis on privacy and interactivity. It targets business and consumer needs, offering solutions in marketing, CRM, and AI, with the potential to impact various industries including retail, financial services, and travel. Phoenix has launched fine-tuning for its GenAI model, allowing users to customize styles, influence weights, and specific elements. A detailed guide will be available soon. Users can access these settings through the PhoenixLLM bot on Telegram after linking their SkyNet account, and select "SDXL Settings" under "Settings." This fine-tuning feature will also extend to the Base Model and Text2Motion. Beginners are advised to start experimenting with the LoRA settings first.
Check Out the Latest Prices, Charts, and Data of PHBUSDT Perp!
Burnt Banksy, known for igniting a Banksy artwork to spotlight NFTs and Web3, announces the XION blockchain's launch, designed for mainstream adoption with USDC as its primary currency. This launch, marked by a dramatic performance where Burnt Banksy set himself and XION on fire, aims to overcome the Web3 industry's challenges of complexity and inaccessibility. XION introduces Generalized Abstraction to simplify blockchain interactions, featuring Meta Accounts for easy Web2-like onboarding, removing gas fees for users, and ensuring interoperability across chains. Supported by major investors and partners, XION's testnet has already seen significant engagement, setting the stage for its goal of democratizing Web3 for all.
Date | Report | Previous |
Thu, Mar. 07 | Fed Chair Powell Testimony | - |
The U.S. benchmark interest rate is at 5.50 percent, with indications from Fed Chair Powell that this rate may have reached its peak for the current tightening cycle. Powell suggests the possibility of reducing policy restraint later this year, contingent on inflation moving sustainably toward the 2% target. Despite some easing in labor market tightness and a substantial decrease in inflation, it remains above the Fed's target. Powell emphasized the uncertain economic outlook and the delicate balance the Fed must maintain in adjusting policy to avoid acting too soon or too late, underscoring the Fed's commitment to closely monitor incoming data and risks.
Wormhole has announced an airdrop for its W token, allocating over 600 million tokens to 397,704 wallets that used Wormhole-connected applications before Feb. 6. The protocol, which facilitates cross-chain interoperability and raised $225 million last year, plans to distribute just over 6% of its 10 billion W tokens to eligible users and community members. The initial circulating supply will be 1.8 billion tokens, available in ERC20 and SPL formats across five chains: Ethereum, Solana, Arbitrum, Optimism, and Base. Wormhole, originally a bridge between Solana and other blockchains, has expanded to over two dozen networks. The total supply of W tokens is divided among six categories, with approximately 82% initially locked and set to vest over four years. Prelaunch trading values Wormhole at a projected $20 billion. W tokens, built for multichain functionality, allow holders to delegate votes on governance proposals, starting with EVM chains.