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The SPX index is down 1.47%, the markets were affected by concerns about the U.S. economy, falling consumer confidence, and new home sales. The broader cryptocurrency market is down, with Bitcoin and Ether dropping 0.56% and 0.004% respectively, in the past 24 hours.
Today’s outperformer is KNC, which surged 7.4% in the past 24 hours after a partnership with Cookie3 to enhance marketing and analytics for an improved DeFi experience.
Kyber Network Crystal (KNC), launched in February 2018, is a DeFi protocol for intermediary-free crypto asset exchanges. It features developer-friendly architecture for easy integration with dApps, exchanges, and wallets. All transactions are fully on-chain for easy verification. Users can earn fees from trades, and the native KNC token is used for fees and governance voting. Recently, KyberSwap is partnering with Cookie3 for attribution and user analytics to improve marketing and make data-driven decisions. KyberSwap's DeFi expertise will also help refine Cookie3's tools, aiming to enhance the overall DeFi user experience.
Check Out the Latest Prices, Charts, and Data of KNCUSDT!
Celestia, a project focused on data availability in blockchain, aims to go live by the close of the year utilizing the Cosmos SDK. The project will roll out its TIA token, which will be used for governance, consensus, and service payments. A token airdrop involving 6% of its 1 billion supply is planned for specific users, including those who have contributed to Celestia, early adopters of Ethereum rollups, and Cosmos stakers. While some critics question the added complexity of Celestia's modular blockchain design, the project secured $55 million in funding in 2022 from significant investors. The airdrop of TIA tokens will not be accessible to U.S. residents.