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The SPX index is down 0.38%, investors are currently awaiting PCE inflation data, Federal Reserve speeches, and the second estimate for Q4 GDP growth. The broader cryptocurrency market is up, with Bitcoin and Ether rising by 5.30% and 2.46%, respectively in the past 24 hours.
Today’s outperformer is THETA, which jumped 44.8% following boost in AI and video processing capabilities provided by Theta EdgeCloud with decentralized GPUs.
Theta Network (THETA), launched on March 2019, is a blockchain protocol aimed at decentralizing video streaming by rewarding users for sharing bandwidth and computing resources, thus enhancing streaming quality. Theta EdgeCloud is a decentralized software platform by Theta, offering global GPU processing power for AI and video tasks. It harnesses a vast network of edge nodes, equivalent to over 2500 NVIDIA A100s, powered by a blockchain-enabled edge computing platform. The platform facilitates secure, rewarded task assignments. Its first phase, launching in May 2024, will enable easy AI model deployment and development. Future updates aim to support comprehensive AI pipeline management across its network.
Check Out the Latest Prices, Charts, and Data of THETAUSDT Perp and THETA/USDT Spot!
All in Bits, led by Cosmos co-founder Jae Kwon, is set to launch the GovGen blockchain and token on February 27, just before the Cosmos Hub AtomOne fork. This move follows a division within the Cosmos Hub community over Proposal 848, which sought to lower ATOM inflation and was narrowly passed. The GovGen token, aimed at voting and non-transferable, will be distributed to stakeholders who opposed the proposal. This development signals a split in the Cosmos community, with one group supporting Ethan Buchman and another backing Kwon, leading to the latter's group planning to fork the Cosmos Hub. The distribution of GovGen tokens aims to favor those who voted against Prop 848, potentially giving them more decision-making power. Additionally, Kwon's social media accounts have faced access issues, highlighting the ongoing tensions within the Cosmos ecosystem.
Date | Report | Previous |
Tue, Feb. 27 | Durable Goods Orders MoM JAN | 0% |
In December 2023, U.S. orders for manufactured durable goods remained nearly flat, following a 5.5% increase in November and falling short of the anticipated 1.1% growth. When excluding transportation, new orders saw a 0.6% rise, and excluding defense, there was a 0.5% increase. The growth was primarily driven by a 1.4% rise in primary metals orders, marking an increase in three of the last four months, totaling $27.1 billion, according to the U.S. Census Bureau.
Parcl, a Solana-based platform for trading real estate indexes, announced an airdrop for early adopters, distributing between 7% and 8% of its upcoming PARCL token supply in April. The token, integral to the project's move towards decentralization, grants holders governance participation and enhanced utility in trading and data access. This move, aimed at rewarding active community members, follows Parcl's innovative use of "consistency snapshots" to determine airdrop eligibility. Parcl enables speculation on global city real estate markets without direct property investment. Following its v3 launch in November, Parcl's TVL soared, with over $50M in open interest.
$AVAIL is set to reward $DYM stakers with an upcoming airdrop, highlighting its commitment to its community and staking participants. The initiative aims to acknowledge the support and contribution of $DYM token holders, enhancing the ecosystem's engagement. Details on eligibility and distribution will be shared soon, urging stakers to stay updated with $AVAIL's official channels for the latest information on this exciting opportunity.