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U.S. equities have been range-bound for weeks as investors are digesting the latest earnings and are uncertain of the Fed’s next move. The broader cryptocurrency rebounded, with Bitcoin and Ether gaining 2.95% and 1.16%, respectively, in the past 24 hours.
Today’s top mover is ICP, the native token of the Internet Computer Protocol. ICP surged by 9.1% in the past 24 hours in the wake of announced of Ethereum integration. The Internet Computer is a crypto-native network that aspires to replace the current Internet infrastructure with a decentralized Internet built by independent data centers. To achieve this ambitious goal, the Internet Computer has to connect with major Layer 1 networks so that more protocols on those networks adopt its cloud infrastructure, rather than using services from centralized players such as Amazon Web Services. As such, the Internet Computer’s imminent integration with Ethereum sends a tailwind to the network’s utility and thus token price, as Ethereum hosts the most projects among Layer 1s and has strong demands for decentralized cloud services.
Check Out the Latest Prices, Charts, and Data of ICPUSDT!
Nike releases its first digital sneaker collection on .swoosh, the NFT trading platform built by Nike a few months ago. The virtual sneaker collection, Our Force 1 (OF1) is named after the iconic Air Force 1 sneaker. .Swoosh community will be granted access to the sale, where users will choose between the “Classic Remix” box and the “New Wave” box at a price tag of $19.82. Nike representatives said they would add more utility to the digital sneaker collection, including conversion into physical products or integration with blockchain games.
Crypto Exchange Bybit Opens Global Headquarters in Dubai. (Link)
Total Arbitrum accounts surpass 5M after airdrop hype: Report. (Link)
SEC Labels Algorand and Five Other Tokens as Securities in Bittrex Lawsuit. (Link)
Staked ether deposits surpass withdrawals for the first time since Shapella upgrade. (Link)
Starbucks brews a new NFT collection on Polygon. (Link)