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The SPX index is down 0.32%, the decline in technology stocks, led by Apple, put pressure on the market. The broader cryptocurrency market is up, with Bitcoin and Ether rising 1.21% and 0.66% respectively, in the past 24 hours.
Today’s outperformer is PERP, which surged 43.4% in the past 24 hours following integration with dappOS V2 for seamless cross-chain trading and flexible asset management
Perpetual Protocol (PERP), launched in December 2020, is a DeFi project on the Ethereum blockchain that enables decentralized trading of derivative contracts. Designed for leverage and short trading, it uses smart contracts and a virtual automated market maker to settle trades. PERP has recently integrated with dappOS V2 introducing Perpetual Lite, aiming to enhance the user experience for traders. The integration allows for seamless access to Perpetual Protocol from any blockchain, enables the use of all assets regardless of their distribution, and offers the flexibility to pay gas fees in any token. Users can complete all transactions with a single signature for a more streamlined trading experience.
Check Out the Latest Prices, Charts, and Data of PERPUSDT!
Seven leading decentralized finance (DeFi) companies, including Aave Companies, Centrifuge, Circle, Coinbase, Base, Credix, Goldfinch, and RWA.xyz, have formed the Tokenized Asset Coalition (TAC). The advocacy group aims to promote the adoption of public blockchains, asset tokenization, and institutional DeFi. TAC plans to conduct member calls, release a quarterly publication, and create working groups to eliminate inefficiencies in the current financial system. In related news, Polygon Labs and South Korea’s Mirae Asset Securities have also formed the Mirae Asset Security Token Working Group. This group will focus on researching international best practices for tokenized securities and aim to integrate them into South Korea’s financial infrastructure. The initiative seeks to establish interoperability between South Korea's financial systems and those abroad.