Thursday, September 12, 2024
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Things are looking good so far, but is it too soon to celebrate? In today's news:
Read on! | | 24h Hot Searches Worldwide 🔥 | | State of Stablecoins: 2024 | | Explore the evolution of stablecoins over the years, from their rapid growth to the ongoing innovation of new forms and failures along the way. | | | Three's a crowd, so why not more? 👬 The trio is turning into a quarter.
The Artificial SuperIntelligence Alliance (ASI), formed by the recent merger of three crypto AI projects— SingularityNET, Fetch.AI, and Ocean Protocol — has announced the addition of CUDOS as its fourth member.
CUDOS, a decentralized service provider for cloud computing, will be inducted into the ASI if the community approves the decision.
Based on ASI's article on X, the integration will allow the Alliance to boost its AI processing power by leveraging CUDOS' vast inventory of GPU hardware.
Should the proposal be passed, the native CUDOS token will be merged into FET at a suggested conversion ratio of 112 CUDOS to 1 FET, with an additional token merge fee of 5%.
The merger will also result in the creation of 88.9M additional FET tokens, increasing the token's total supply by approximately 3.4%.
Since the ASI's announcement, the price of FET has risen by 4.5% from $1.33 to $1.39, while the price of the CUDOS token has fallen by 10.8%. | | | Track crypto prices and charts with our DEX tracker, GeckoTerminal. Check out our walkthrough in this video. | | | Flip some predictions on-the-go 🥞 Decentralized exchange Pancakeswap has released the beta version of its prediction markets Telegram bot, allowing users to predict the future price of BNB.
According to their latest article, the bot will function similarly to the web version on BNB Chain but with added features for easier accessibility.
In each round, users can predict whether BNB's price will rise or fall every 5 minutes and stand a chance to earn a share of BNB from the round's reward pool.
While users can access only the BNB prediction markets on Telegram, the team has stated that, based on current market demand, more markets and networks will be added. | | | Learn about Avalanche and how it enables horizontal scaling through customizable Layer 1 networks in today's piece by Footprint Analytics. | | | In Other News... Vega Protocol Shutters. Following a unanimous community vote, Vega will shut down its layer 1 blockchain due to a lack of user traction. Vega's token has dropped 99% from its all-time high of $23.93 in 2021. Chainalysis Report Unveils Fastest-Growing Crypto Adopters. The annual report released on wednesday revealed India, Nigeria & Indonesia as the top growers of crypto adoption.
Coinbase's cbBTC Integration on AAVE Sparks Heated Debate. The Aave community is evaluating a proposal to integrate Coinbase's upcoming Bitcoin wrapper, cbBTC, into its V3 protocol, raising concerns among users about potential impacts on Aave's decentralization.
Pendle's New Pools Offers 45% APY on Bitcoin. The yields are achieved through staking platform, Lombard's LBTC in collaboration with Ethereum layer 2, Corn. Pendle splits investments into principal and yield tokens, enabling high-yield strategies.
Collector's Ingenuity Snags Rare CryptoPunks NFT at Bargain Price. CryptoPunk #2386, valued at $1.5M, was recently acquired for $23K. The NFT was previously fractionalized on the now-defunct platform Niftex. However, since the smart contract remained valid on the blockchain, a user was able to stealthily trigger a buyout and acquired the NFT for cheap.
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