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June’s CPI came lower than expected, sending the stock markets to surge as investors believe inflations might have been successfully tamed. The broader cryptocurrency behaved unimpressed. The top mover for today is LQTY, which has gained more than 15.38% in the past 24 hours following the CEX listing and resilient TVL.
LQTY is the native token of Liquidity, an Ethereum-based stablecoin issuer, with its LUSD attracting continuous inflow into the protocol. The recent outperformance was triggered by its listing in a major CEX. LUSD was designed to be fully collateralized by ETH only. Amidst continuous de-pegging events from prominent stablecoins, including UST, USDC, and BUSD, LUSD seems to be the most decentralized stablecoin in the market, with a robust track record of pegging performance. Furthermore, the TVL of liquidity has been rising stably, compared to ever-dropping TVL from other DeFi protocols.
Check Out the Latest Prices, Charts, and Data of LQTY/USDT Here!
The European Commission has introduced a new initiative called Web4, which it describes as a blend of artificial intelligence, the internet of things, blockchain, virtual worlds, and extended reality capabilities. However, the EC has not provided details on the role of blockchain technology in the initiative. The EC plans to support EU-based creators, media companies, developers, and industrial users under the program called Partnership on Virtual Worlds. It also mentioned the need for a regulatory framework for Web4 and emphasized its potential to advance public policy initiatives. The Web4 guidelines were partly generated by a panel of 150 European citizens.