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The SPX index is up 0.41%, despite initial pressure from weakness in European stocks due to inflation concerns, U.S. markets found support from weaker-than-expected domestic economic data. The broader cryptocurrency market is down, with Bitcoin and Ether dropping 1.28% and 1.41% respectively, in the past 24 hours.
Today’s outperformer is MC, which surged 14.99% in the past 24 hours after Megaweapon teamed up with Beam to introduce Web3 features and NFTs.
Merit Circle (MC), launched in September 2021, is a DAO aimed at democratizing access to the play-to-earn gaming sector. It offers educational resources and 'scholarships,' or in-game assets on loan, to a global audience. Recently, Megaweapon, a top-down shooter game in open beta, is integrating with the Beam network to add Web3 features. The partnership will introduce player-designed characters, tradable assets, and NFTs. The game plans to launch a $WEAPON token for transparent transactions on the Avalanche network. A full release is scheduled for Q4 of 2023 with expanded features.
Check Out the Latest Prices, Charts, and Data of MCUSDT!
Cosmos Hub is voting on a Liquid Staking Module (LSM) to improve network liquidity and enable immediate use of 25% of staked ATOM tokens for DeFi activities. The voting period runs from Aug. 25 to Sept. 8, and the proposal has received near-unanimous support but has not yet reached quorum. If passed, the LSM would remove the current 21-day unbonding period for a portion of staked ATOM tokens, allowing them to be immediately liquid staked. The LSM also introduces additional security measures like "validator bonds" to mitigate the risk of validator corruption. The upgrade aims to significantly reduce the cost and complexity of liquid staking on the Cosmos network.