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SPX index is up 0.39%, U.S. stocks closed positively, and gold declined on Monday amid anticipation of key U.S. inflation data and the Federal Reserve's monetary policy meeting. The broader cryptocurrency market is down, with Bitcoin and Ether dropping 6.22% and 6.26% in the past 24 hours.
Today’s outperformer is INJ, which jumped 19.7% after Injective and Google Cloud launch $100K Illuminate Hackathon for Web3 innovation on Injective Blockchain.
Injective Protocol (INJ), launched in 2018, is a decentralized exchange on the Cosmos blockchain, offering spot and derivative markets. INJ coins are used for paying transaction fees and also serve as the governance token and staking mechanism for the platform's Proof of Stake blockchain. Recently, the Injective X Google Cloud Illuminate Hackathon, co-hosted with DoraHacks, offers a $100,000 prize pool for developers to build Web3 projects on the Injective blockchain. Categories include DeFi, NFTs, SocialFi, gaming, and more, with top prizes up to $30,000. The hackathon encourages submissions by December 21, 2023, and offers workshops, panels, and mentorship for participants.
Merchant Moe, a decentralized exchange part of the Trader Joe franchise, is designed specifically to serve as a key liquidity hub for the Mantle Network, an Ethereum L2 Network. It introduces the Liquidity Book protocol for efficient trading and a unique gauge voting system for liquidity incentivization. Initially, MOE tokens will be distributed exclusively to JOE token holders within the Mantle Network. Backed by Mantle Network, Merchant Moe aims to be a central DEX, focusing on innovative DeFi solutions and enhancing the ecosystem's growth.
Check Out the Latest Prices, Charts, and Data of JOEUSDT Perp!