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The SPX index is up 0.58%, strength in chip stocks supported the technology sector, while concerns over China's debt crisis and higher T-note yields limited gains. The broader cryptocurrency market is down, with Bitcoin and Ether dropping 0.33% and 0.54% respectively, in the past 24 hours.
Today’s outperformer is HBAR, which surged 8.5% in the past 24 hours after Hedera Project Dropp participates in FedNow's 'Service Provider Showcase.
Launched on September 2019, Hedera Hashgraph (HBAR) is a decentralized platform that utilizes a directed acyclic graph (DAG) rather than a conventional blockchain. This enables quicker and more effective transactions. With governance provided by a group of distinguished organizations, it offers scalability and security for decentralized applications like cryptocurrency, smart contracts, and file storage. Recently, Dropp, a micropayments platform powered by Hedera Hashgraph, has been included in the Service Provider Showcase of the Federal Reserve's instant payment service, FedNow. This addition allows merchants to accept payments as low as one cent, enhancing the feasibility and security of micropayments. This inclusion does not imply endorsement from the Fed, but it does signify a rising interest in distributed ledger technology.
Check Out the Latest Prices, Charts, and Data of HBARUSDT!
Chainlink has recently integrated with Coinbase's layer-2 network, Base, adding to its list of integrations that already include Ethereum, Arbitrum, Avalanche, and more. This integration enables developers utilizing Base to leverage Chainlink's Data Feeds and other web3 services. Base, known for its highly scalable layer-2 environment, achieved significant success with its mainnet launch, accumulating over $200 million in total value locked within a week. The incorporation of Chainlink Price Feeds into Base is expected to offer developers improved security, reliability, and usability.