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The SPX index is down 1.22%, this week's market focus is on Building Permits, FOMC, Existing Home Sales, Flash PMI, and Energy. The broader cryptocurrency market is up, with Bitcoin and Ether rising 0.25% and 0.15% respectively, in the past 24 hours.
Today’s outperformer is CORE, which surged 9.7% in the past 24 hours after recently deploying Firehose on the blockchain.
Core DAO (CORE), launched in January 2023, is a Turing-complete blockchain that integrates with Bitcoin's mining hashrate and Ethereum's EVM, using a hybrid consensus mechanism combining PoW and DPoS for enhanced security and scalability. The supply cap is 2.1 billion tokens , and rewards are distributed over 81 years, with a portion of block rewards and fees burned. Recently, CORE has integrated Firehose, a technology developed for The Graph protocol, enabling developers on Core to quickly access blockchain data using subgraphs, making blockchain data handling more effective and efficient.
Check Out the Latest Prices, Charts, and Data of COREUSDT!
Ethereum has launched a new testnet called "Holešky" with an initial supply of 1.6 billion Ether (HETH) to facilitate staking, infrastructure, and protocol development. This move comes as a response to the limitations of the older Goerli testnet, which had a supply too low for adequate testing. Sepolia will continue to be the main network for application development. The Ethereum team plans to deprecate Goerli by January 2024. Holešky is expected to play a significant role in testing new features aimed at reducing fees and node operation costs.