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The SPX index is down 0.1%, as investors took profit after reacting to dovish comments from Federal Reserve officials and revised US GDP data showing a 5.2% expansion in Q3, higher than initially estimated. The broader cryptocurrency market is down, with Bitcoin and Ether dropping 0.38% and 1.31% respectively in the past 24 hours.
Today’s outperformer is IOTA, which jumped 43.0% as IOTA foundation launched the first DLT foundation in UAE with a $100 million investment to foster crypto ecosystem growth in MENA region.
IOTA (IOTA), launched in 2015, is a blockchain focused on the Internet of Everything, enabling free, secure data and value transfer between humans and machines.
The IOTA Ecosystem DLT Foundation is the first DLT foundation registered under the Abu Dhabi Global Market (ADGM) in the UAE. It will receive over $100 million in IOTA tokens to develop the IOTA ecosystem and advance the IOTA protocol, especially in the MENA region. This move aims to foster regulatory synergy and community-driven initiatives by tokenizing real-world assets and integrating them into the digital ecosystem. The partnership with ADGM highlights IOTA's commitment to global expansion, regulatory collaboration, and creating a robust crypto community in Abu Dhabi.
Check Out the Latest Prices, Charts, and Data of IOTAUSDT Perp!
Chainlink has launched an upgraded staking version (v0.2) on the Ethereum mainnet, enhancing the security and flexibility of its oracle network. The migration phase for existing LINK stakers to move to v0.2, along with their accrued rewards, begins today and will last until December 7. This will be followed by an Early Access phase until December 11, after which staking will open to all, with a cap of 15,000 LINK tokens per participant, subject to pool capacity. Staking LINK tokens contribute to network security and reward participants. The LINK token has seen a 30% increase in value over the past month. Improvements in v0.2 include an unbonding mechanism for greater flexibility, enhanced security through slashing, and a modular design for future upgrades. The new staking pool has a cap of 45M LINK tokens, with the majority allocated to community stakers and the remainder for node operators. Community members can stake between 1 and 15,000 LINK, while node operators can stake up to 75,000 LINK.