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U.S. equities fell 0.38% on their fourth day of losses as the market digests May’s Fed rate hike. The broader cryptocurrency market also went down slightly, with Bitcoin and Ether dropping 0.73% and 1.28%, respectively, in the past 24 hours.
Today’s outperformer is PIP, which surged 73% in the past 24 hours due to the listing of the PEPE token, which just hit new all-time highs, on the PIP platform.
Launched in February 2022, PIP is a payment infrastructure on the Web3 layer that specializes in micropayments to make crypto more accessible for individuals. What is unique about PIP is that, unlike most web3 payment infrastructure, all PIP products are built on cryptocurrency's open and permissionless nature, allowing for the seamless transfer of money globally without any limitations, and bridging the gap between the traditional web (Web2) and the decentralized web (Web3). The platform offers four payment services: Social Payments, Web3 Identity, Payment Button, and Payment Links.
Check Out the Latest Prices, Charts, and Data of PIPUSDT!
ERC-4626 is a tokenized vault standard for smart contracts that accept token deposits and generate rewards for depositors. Standardizing vault tokens simplifies integration with different dapps and tools, similar to how ERC-721 standardizes NFTs. The standard, proposed by Fei co-founder Joey Santoro in late 2021, quickly gained the interest of major DeFi protocols like Balancer, Yearn, and Frax. The 4626 Alliance, which recently expanded to 11 members, was formed to promote this standard and aims to increase adoption within DeFi. They believe that ERC-4626 will create a new DeFi era by enabling new tools, reducing security risks, and streamlining the audit process.