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Last Friday, the SPX index is down 1.52% as market sentiment shifted, reducing expectations for early, significant Federal Reserve interest rate cuts, influenced by a strong December jobs report and Fed minutes suggesting uncertainty about future rate decisions. The broader cryptocurrency market is down, with Bitcoin and Ether dropping 0.51% and 0.61% respectively in the past 24 hours.
Today’s outperformer is GMT, which jumped 4.1% after launch of Gas Hero: a new era in Web3 gaming by Find Satoshi Lab.
STEPN (GMT), launched in August 2021, is a lifestyle app by Find Satoshi Lab, rewarding physical activity with cryptocurrency on the Solana blockchain. Users purchase NFT sneakers to earn tokens through outdoor movement, combining fitness, gaming, and crypto. "Gas Hero," a new Web3 social-strategy game by Find Satoshi Lab, is now live in public beta. Built on Polygon PoS and integrated with the GMT token, it's gained popularity with its STEPN Badges & Coupons. The game offers varied roles like World Elder or trader, detailed in its whitepaper. It features seamless trading via the MOOAROfficial Marketplace. Accessible to new users, it provides easy email sign-up and wallet setup, with an option to start with four free heroes for newcomers.
Mantle Network's Merchant Moe, Trader Joe's new DEX, is getting ready for the January 8th $MOE airdrop. Users can obtain this $MOE token airdrop by bridging $JOE to Mantle Network and staking it on Merchant Moe. On Merchant Moe, users can trade and deposit liquidity in the Moe Classic Automated Market Maker (AMM) pools. After the airdrop, further features including farms, $veMOE voting, and $MOE staking will be accessible. Trader Joe's franchise, Merchant Moe, was created to serve the Mantle Ecosystem. It holds a distinctive position as one of the main source of trading and liquidity in Mantle. Additionally, Merchant Moe will get liquidity support Mantle Network and is a recipient of seed investment from the Mantle EcoFund.