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Last week, the SPX index is down 0.42% amidst broader market concerns following a report that showed a higher-than-expected rise in producer prices for January. The broader cryptocurrency market is down, with Bitcoin and Ether dropping by 0.05% and 0.43%, respectively in the past 24 hours.
Today’s outperformer is WLD, which jumped 20.2% following OpenAI's Sora launch, signaling rising interest in AI-Crypto intersection.
Worldcoin (WLD), launched on July 2023,is a digital ID platform aimed at distinguishing humans from AI and bots, using blockchain technology for a secure digital passport system. It's not available in the US and other regions. WLD, co-founded by Sam Altman, surged 40% after OpenAI launched the AI model Sora, reaching a 76% increase over a week with a market cap over $550 million. Worldcoin, a digital ID startup, uses retina scans for identity verification. The launch boosted other AI-related tokens as well, indicating rising investor interest in the AI-crypto intersection, amidst broader crypto market rallies.
Ronin, an Ethereum gaming network, announced plans to halve RON token rewards for liquidity providers on its Katana DEX starting March, aiming to cut daily token emissions by 50% in several phases. This move, aimed at reducing "over-incentivization" and achieving a better price equilibrium, comes as the network sees a surge in APR for liquidity provision without a proportional increase in token pooling. The first phase will reduce emissions by over 60,000 RON daily. The market responded positively, with RON's price jumping 7% to $2.90, marking a 56% gain in 30 days. This follows recent user growth and the Binance listing of RON, amidst successful game migrations to Ronin.
Pixels is rewarding RON token stakers with a 20 million PIXEL token airdrop in two phases, following a snapshot taken on February 8th. This initiative aims to acknowledge the Ronin Network community's support through a tiered rewards system based on the amount of RON staked. Rewards range from 183.34 to 3,955.11 PIXEL tokens per tier, with half claimable immediately and the remainder upon maintaining eligibility. PIXEL rewards are deposited directly into users’ in-game mailboxes, accessible via the official Pixels website with a Ronin wallet.