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CELO Surges 19.4% as Angle Protocol Boosts stEUR Staking on Celo
CELO witnessed a remarkable 19.4% jump after Angle Protocol launched stEUR staking on Celo, enhancing Euro-based financial solutions. Celo, launched in April 2020, focuses on global payment infrastructure for mobile users, supporting decentralized applications (dapps) for universal basic income and social cause crowdfunding. The recent collaboration with Angle Protocol and MentoLabs introduces stEUR staking, complementing Celo's cEUR and promoting sustainability and risk management.
Arkham Intelligence Integrates MakerDAO Vaults, Surpassing $600M in Maker Positions
Arkham Intelligence (ARKM), founded in 2020, utilizes AI to deanonymize and analyze blockchain transactions, connecting them to real-world identities. The platform recently integrated MakerDAO Vaults into its intelligence platform, supporting all MakerDAO positions, including Dai Savings Rate (DSR) deposits and Collateralized Debt Positions (CDPs). This integration, available for both individual addresses and entities like 7 Siblings, highlights the platform's expansion into Lending and Borrowing modules and its growing significance in the blockchain analysis space.
Arweave (AR) Launches AO Testnet, Focusing on Scalability and Ethereum Compatibility
Arweave, launched in June 2018, is a decentralized platform for permanent data storage, incentivizing users with its AR cryptocurrency. The platform has introduced the Arweave AO testnet to enhance blockchain scalability, supporting high-volume transactions and applications like social media and AI. With a modular architecture and compatibility with Ethereum via WebAssembly, Arweave aims to significantly improve blockchain application support. The mainnet launch is anticipated later this year.
THETA Jumps 44.8% with Enhanced AI and Video Processing Capabilities
THETA Network (THETA), launched in March 2019, focuses on decentralizing video streaming by rewarding users for sharing bandwidth and computing resources. The recent surge of 44.8% follows enhancements in AI and video processing capabilities provided by Theta EdgeCloud. This decentralized software platform offers global GPU processing power for AI and video tasks, enabling secure and rewarded task assignments. The upcoming launch of Theta EdgeCloud's first phase in May 2024 aims to facilitate easy AI model deployment and development.
US ISM Manufacturing PMI Rises to 49.1 in January 2024
The US ISM Manufacturing PMI increased to 49.1 in January 2024, signaling a slower manufacturing sector contraction. Improved demand, stable output, and better input conditions contributed to this rise, exceeding forecasts and highlighting positive trends in the manufacturing industry.
US Core PCE Prices Rise by 0.2% in December 2023
In December 2023, the US witnessed a subtle rise in core PCE prices by 0.2%, signaling the lowest inflation rate since February 2021. This aligns with expectations of upcoming Federal Reserve rate cuts, reflecting a delicate balance between consumer spending resilience and inflation targeting efforts.
US Orders for Manufactured Durable Goods Remain Nearly Flat in December 2023
U.S. orders for manufactured durable goods remained nearly flat in December 2023, falling short of anticipated growth. Excluding transportation, new orders saw a 0.6% rise, with the growth primarily driven by a 1.4% rise in primary metals orders.
SynFutures Launches "Oyster Odyssey" on Blast for Potential Airdrops
SynFutures introduces "Oyster Odyssey" (O_O points) on Blast, offering a new way to earn potential airdrops. Users can claim initial points and increase their O_O points through trading or providing liquidity on the Blast mainnet, potentially qualifying for future airdrops from SynFutures and Blast. SynFutures recently raised $38 million in funding.
Talus Secures $3M in Funding, Offers Early Adopter Access to Private Testnet
Talus, an AI-focused blockchain network supported by Polychain Capital, secures $3M in funding and offers early adopter access to its private testnet. The network plans to launch a native token, potentially benefiting early participants in future airdrops.
$AVAIL to Reward $DYM Stakers with Upcoming Airdrop
$AVAIL is set to reward $DYM stakers with an upcoming airdrop, acknowledging the support and contribution of $DYM token holders. Details on eligibility and distribution will be shared soon, urging stakers to stay updated with $AVAIL's official channels for the latest information.
Runestone Project Prepares Significant Airdrop Linked to Bitcoin Ordinals
The Runestone project, linked to Bitcoin Ordinals, is preparing for a significant airdrop to mark the Ordinals protocol's first anniversary. The airdrop will distribute Runestone inscriptions to qualified addresses, with inscriptions converting into Rune tokens upon the protocol's debut. This community-centric approach anticipates a new trend in Ordinals-related airdrops.
Stay tuned for more institutional insights and crypto updates next week!