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On Monday, U.S equities rebounded slightly with the S&P 500 gaining 0.9% following a relief rally. Meanwhile, the broader cryptocurrency market continues to trade within a volatile range, with Bitcoin up by 1.1% and Ether down by 1.09% respectively in the past 24 hours as of the time of writing. The hot token for today is MAGIC, which gained 2% in the past 24 hours.
MAGIC is the native token of Treasure, an innovative decentralized gaming ecosystem that seamlessly unites communities and games. Treasure also currently supports infrastructure for numerous metaverse projects like Bridgeworld, The Beacon and more. As one of the first projects to build on Arbitrum, MAGIC looks to be benefitting from all the hype surrounding Arbitrum as the latter prepares for its token airdrop this week.
Check Out the Latest Prices, Charts, and Data of MAGIC/USDT!
Thala Labs recently announced its partnership with LayerZero to evolve Move Dollar (MOD) and Thala governance token (THL) into tokens that possess seamless liquidity, and that are also natively multi-chain, thereby eliminating the potential security risks that wrapped tokens face. It was also revealed that Thala Labs will be integrating LayerZero’s bridge onto their website to increase efficiency for their users. MOD and THL will be available as omnichain fungible tokens (OFT) at Thala’s mainnet launch with more details to be announced in the next few days!
Check out what else is buzzing in the crypto scene today:
Bravo Ready receives strategic investment from Aptos Labs (Link)
Osmosis Jumps on the BTC Bandwagon (Link)
Manta Network Seeks to Bring Privacy to Non-Fungible Crypto Assets (Link)