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The U.S. equities fell as the ADP job report exceeded the market expectations. The broader cryptocurrency followed suit but soon recoup some earlier losses. The top mover for today is FXS, which soared by over 20% in the past week as its liquid staking yield tops competitors and the excitement towards Ethereum’s Dencun Upgrade starts to materialize.
FXS is the native token of Frax Finance, a blue-chip DeFi project known for its FRAX stablecoin and liquid staking token, frxETH. FXS’s recent outperformance is mainly attributable to the market’s anticipation of its liquid staking solutions, where its newly created dashboard suggests a higher yield from frxETH compared to its competitors. In addition, the recent publicity of Ethereum’s Q4 upgrade, Dencun, adds to the outperformance of liquid staking tokens.
Check Out the Latest Prices, Charts, and Data of FXS/USDT Here!
Coca-Cola in Serbia is partnering with Solana NFT platform SolSea to offer limited edition hoodies and NFTs to attendees of the EXIT Festival. Festival-goers can use a tool called "Magic Mirror" to see a 3D image of themselves wearing random merchandise in real-time. The collection is split into batches, with some available for purchase at the festival and others exclusively reserved for high-value ticket holders. NFTs provide indisputable proof of ownership of a digital asset, making it rare and potentially valuable, and are seen as a game-changer for brands. Coca-Cola has previously worked with other NFT platforms to create and sell digital collectibles.