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The SPX index is down 0.17%, influenced by Federal Reserve officials advocating for monetary policy patience. The broader cryptocurrency market is up, with Bitcoin and Ether rising by 5.83% and 2.26%, respectively in the past 24 hours.
Today’s outperformer is ARKM, which jumped 51.8% after Arkham Integrates MakerDAO Vaults Supporting DSR Deposits and CDPs Across All Positions.
Arkham Intelligence (ARKM), founded on 2020, is a platform that uses AI to deanonymize and analyze blockchain transactions, connecting them to real-world identities. It features an intelligence platform for data analysis and the Arkham Intel Exchange, where data is traded using its native ARKM currency through a bounty and auction system. MakerDAO Vaults have been integrated into Arkham, allowing the Lending and Borrowing module to support all MakerDAO positions, including Dai Savings Rate (DSR) deposits and Collateralized Debt Positions (CDPs). This feature is available for both individual addresses and entire entities, highlighting entities like 7 Siblings, which has total positions in Maker exceeding $600M.
Pavel Durov announced Telegram will implement ads in over 100 countries, sharing 50% of ad revenue with channel owners exclusively in Toncoin. This initiative, leveraging the TON Blockchain, aims to revolutionize digital advertising and monetization on the platform, potentially generating between $215 million to $2.1 billion monthly for channel owners. This move towards using blockchain for transactions signifies a significant shift in digital platform monetization, promoting a new norm in creator economies and signaling a step towards mass blockchain adoption in mainstream digital spaces.
Date | Report | Previous |
Thu, Feb. 29 | Core PCE Price Index MoM JAN | 0.2% |
Thu, Feb. 29 | Personal Income MoM JAN | 0.3% |
Thu, Feb. 29 | Personal Spending MoM JAN | 0.7% |
In December 2023, the US witnessed a subtle rise in core PCE prices by 0.2% from the previous month and a year-over-year increase of 2.9%, indicating the lowest inflation rate since February 2021 and signaling ongoing disinflation. This aligns with expectations of upcoming Federal Reserve rate cuts. Concurrently, US personal income rose by 0.3%, driven by compensation and interest income gains, while personal spending outperformed forecasts with a 0.7% increase, fueled by higher expenditures on both services and goods. The overall data underscore a delicate balance between consumer spending resilience and the Federal Reserve's inflation targeting efforts.
Talus, an AI-focused blockchain network supported by Polychain Capital, has secured $3M in funding from Polychain, dao5, and angel investors, including those from IBM and Nvidia. The network plans to launch a native token and is offering early adopter access to its private testnet via a sign-up form, potentially benefiting early participants in future airdrops.