Tuesday, October 29, 2024
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Things are looking a little slow once more, but AI agents continue to make waves! In today's news:
Read on! | | 24h Hot Searches Worldwide 🔥 | | How Do CPI Announcements Affect Bitcoin Price? | | Exploring Bitcoin's role as a hedge against inflation. How does it react to Consumer Price Index (CPI) announcements? Read more to find out. | | | Are L1s back in style? ⛓️ Alchemy Pay, a crypto payments service provider, has announced the launch of its own Layer-1 network, Alchemy Chain. As announced on X, the network will utilize the architecture of the Solana Virtual Machine, as opposed to being an EVM chain. Alchemy Chain will also support connections with off-chain storage via on-chain transactions.
Like most other protocols that have launched their own L1s, Alchemy's native ACH token will be used to pay transaction fees on the network. However, the team has stated that users will also be able to pay for gas using fiat. Since the announcement of Alchemy Chain, the price of ACH rose by 8.9% from $0.0187 to $0.02 today. | | | From market movements, politics, sports and more, learn about prediction markets which allow you to bet on these real-world events! | | | From Siuu to Sui ⚽ Major League Soccer, more commonly known as the MLS, has released a new NFT collectibles platform on Sui, known as MLS Quest. MLS Quest allows users to find and collect 'medallions' across various virtual and physical locales, including during live matches.
Users who successfully gather four medallions from a single match will stand a chance to unlock rewards such as autographed jerseys and other signed merchandise. MLS Quest is currently offering a free collectible, but users can opt to purchase additional ones at $4 a piece. | | | Learn about how bitcoin and stablecoins are helping to protect against hyperinflation by providing alternatives to the native fiat currency in this article by FBS. | | | In Other News... Bitcoin Maxis Rejoice. Bitcoin surpassed $71,000, rising 5% in the last 24 hours. This rally, driven by whale activity on Binance and significant Bitcoin ETF inflows, led to the liquidation of $143M in short positions. Trump vs. Harris: Americans Can Now Bet on the Presidential Race. Robinhood has launched a U.S. presidential election prediction market using derivative contracts exclusively for Americans, who are currently barred from the crypto prediction market, Polymarket.
Hold Your Horses. Magic Eden may soon launch a test token, TestME, to test the token's claiming mechanism. The team advises users not to trade this test token after claiming it.
Trump's World Liberty Financial Plans to Launch Its Own Stablecoin. The stablecoin is still in development, and World Liberty Financial has raised $14M in its token sale so far.
Truth Terminal founder Andy Ayrey's X Account Hacked. The hacker promoted a token that surged to over $25M in market capitalization, yielding over $600K in profits. Andy later regained control of the account, citing social engineering as the attack vector.
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