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Last Friday, the SPX index was up 0.64%, influenced by Dovish fed remarks. The broader cryptocurrency market was down, with Bitcoin flat at a 0.02% gain and Ether gaining 0.25% in the past 24 hours.
Today’s outperformer is STRAX, which surged 20.1% in the past 24 hours after announcing its transition to StratisEVM and being listed on Bybit.
Stratis, established in 2016, aimed to be a Microsoft-centric blockchain platform but recognized Ethereum's exponential growth and tools as crucial for mass adoption and has announced its transition to StratisEVM, an Ethereum-based blockchain with $STRAT as the new native token. This will replace the existing Stratis blockchains and the $STRAX tokens. Future plans include emphasizing gaming, offering dedicated Layer-2 gaming solutions, Masternodes with consistent rewards, and focusing on the Stratis Decentralised Accelerator (SDA). They will also introduce an easy staking pool solution, a token bridge to other EVM-based chains, and comprehensive web3 tooling support. Stratis will consult its community through a vote to finalize the transition details.
Check Out the Latest Prices, Charts, and Data of STRAXUSDT!
At the Cosmoverse 2023 event, the Nomic DAO Foundation unveiled an upgrade for Nomic, a decentralized Bitcoin bridge, to facilitate seamless Bitcoin (BTC) interactions within the Cosmos ecosystem. The update will cater to the gap in decentralized BTC transfers to Cosmos. With the nBTC Interchain Upgrade set for activation on October 30, 2023, users can smoothly deposit and withdraw BTC anywhere in the Cosmos ecosystem. The nBTC will also integrate with Osmosis, Cosmos's leading decentralized exchange. Sunny Aggarwal, Osmosis co-founder, envisions Nomic as a solution for merging Bitcoin with the Cosmos DeFi ecosystem. Once audited for security, further improvements will make Nomic a secure BTC bridge in the Cosmos network, turning it into a hub for BTC users seeking DeFi possibilities. Cosmos, renowned for its IBC Protocol since its 2019 inception, now pairs with Nomic to optimize BTC's role in the ecosystem.