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The SPX index is up 0.52%, Inflation data showed a slight increase in PCE prices for January. The broader cryptocurrency market is up, with Bitcoin and Ether rising by 2.92% and 0.89%, respectively in the past 24 hours.
Today’s outperformer is CELO, which jumped 19.4% after Angle Protocol launches stEUR staking on Celo to boost Euro-Based financial solutions.
Celo (CELO), launched on April 2020, is a cryptocurrency platform designed to provide global payment infrastructure, specifically targeting mobile users. It aims to make financial activities accessible to anyone worldwide by enabling payments to be sent to any phone number. Celo supports decentralized applications (dapps) on its blockchain, including those for universal basic income and social cause crowdfunding. Lately, Angle Protocol has launched stEUR staking on Celo, enhancing Euro-based financial solutions with sustainability and risk management. This is in partnership with MentoLabs, complementing Celo's cEUR. Users can stake through Angle pools by swapping to agEUR on Squid Router, with native agEUR on Celo planned for the future.
Ondo Finance, a DeFi project known for tokenized U.S. treasuries, is introducing Ondo Global Markets to bridge traditional finance and crypto by tokenizing traditional securities. These tokens, representing ownership of securities held in conventional custody, will trade on blockchain platforms, with off-chain execution by broker-dealers and custodians. This initiative aims to incorporate public securities into on-chain financial systems, allowing for uses such as collateralization while maintaining traditional settlement times. Launched in January 2023, Ondo's tokenized treasury products have seen significant growth, and the project has expanded its offerings across multiple blockchains and introduced the ONDO token. The move highlights the growing intersection of traditional finance and blockchain technology, with Ondo at the forefront of exploring "directive tokenization."
Date | Report | Previous |
Fri, Mar. 01 | ISM Manufacturing PMI FEB | 49.1 |
The US ISM Manufacturing PMI increased to 49.1 in January 2024, marking the highest level since October 2022 and signaling a slower manufacturing sector contraction. This rise, surpassing forecasts of 47, was supported by improved demand, stable output, and better input conditions. New orders and production grew, inventories declined less, and supplier deliveries sped up, though employment dipped further and price pressures rose.
SynFutures has launched "Oyster Odyssey" (O_O points) on Blast, offering a new way to earn potential airdrops. Users can claim initial points and increase their O_O points by trading or providing liquidity on the Blast mainnet. Active participation may qualify users for future airdrops from SynFutures and Blast. Additionally, SynFutures has recently raised $38 million in funding.