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US. technology stocks led the equity market to rebound as the traders continued to flow into high-growing stocks, shrugging off concerns of a potentially deepened banking crisis. Meanwhile, the broader cryptocurrency market was mixed, with Bitcoin failing to test $30k and sliding back to $28k. The hot token for today is INJ, which has pumped 12.65% in the past 24 hours, due to the launch of Cascade rollup.
Eclipse, the team behind the Cosmos-based Injective blockchain, introduced the first SVM rollup, Cascade, that can connect with the broader Cosmos ecosystem. Solana applications are built with Rust language, which is only adopted by Solana and thus limits its composability with other Layer 1s. As Solana struggles in the aftermath of FTX’s fallout, top Layer 1s, such as Polygon, have deployed rewards to bring Solana projects to their networks. Now, Eclipse’s new rollup chain Cascade, built atop Injective, is written in SeaLevel Virtual Machine (SVM), a computing environment that enables Rust-based Solana apps to port to the network.
Check Out the Latest Prices, Charts, and Data of INJ/USDT!
Unstoppable Domain launches AI-generated profile picture NFTs to its account holders at a price tag of $14.99. The NFT collection features AI technology to generate unique pictures based on uploaded personal pictures by users. The launch adds color to the digital identity that domain platforms such as Unstoppable Domain promote. The NFT collections can also be resold in the secondary NFT market OpenSea.
Axie Infinity’s Ronin Blockchain Overhauls Tech, Expands to New Game Studios a Year After $625M Hack. (Link)
At Least $37M Worth of y00ts NFTs Migrates to Polygon From Solana in One Day. (Link)
Ethereum Foundation’s Tim Beiko on the Shapella Upgrade. (Link)
A New Synthetic Bitcoin Is Coming to Ethereum. (Link)