Gora Network Secures Spot in Google’s Web3 Startup Program to Accelerate Blockchain Innovation

Daily Top Performer — Bittensor (TAO)

Last Friday, the SPX index was up by 1.15%, bolstered by Federal Reserve Chair Jerome Powell's announcement of likely interest rate cuts due to confidence in achieving a 2% inflation target. The market anticipates a potential rate cut in September, with a 70% likelihood of a 25 basis point reduction. The broader cryptocurrency market was down, with Bitcoin and Ether dropping by 0.12% and 0.01%, respectively in the past 24 hours.

Today's top performer is TAO, which surged 7.0% following Bittensor ecosystem updates: new launches, community engagements, and upcoming meet ups. 

Bittensor (TAO), launched in March 2023, is a decentralized marketplace for ML algorithms, where providers and users transact with TAO tokens. It spans over 30 domains and uses a quality-based selection process for solutions. Originally on Polkadot, it moved to its own ML-optimized blockchain in March 2023. This week, Bittensor saw multiple updates: dTAO launched on RAONET testnet, Ledger now supports TAO, and Tensorplex Labs introduced a bridge and stTAO rewards program. Fish Datura, a major validator, revamped its weight allocation strategy. Highlighting community engagement, a Grayscale livestream and a DePIN Summit presentation each attracted around 16.4k viewers. Additionally, Ventura Labs debuted a TAO-focused podcast, and the second Bittensor Asia community meetup is set for September 19 in Singapore, sponsored by Oxai.

Check Out the Latest Prices, Charts, and Data of TAOUSDT Perp!

Talk of the Town:

Gora Network has been accepted into Google's prestigious Web3 Startup Program, an acknowledgment of its role as a leading decentralized oracle platform. This partnership will provide Gora with $200,000 in Google Cloud credits, access to Google's technical expertise, and networking opportunities with other Web3 leaders. This support is expected to accelerate Gora's development, enhance security measures, and expand its offerings, reinforcing its position against competitors like Chainlink. Gora aims to use these resources to advance its mission of helping Web2 companies transition to Web3, focusing on decentralization and innovative blockchain solutions. The community can anticipate quicker advancements and new products as Gora leverages this collaboration to shape the future of blockchain technology.

Bitcoin Spot ETF Flows:

From August 19 to August 23, 2024, the BTC Spot ETF saw significant trading activity. GBTC experienced a cumulative decrease of $86.6 million over the period, while Non-GBTC investments traded a total of $593 million, resulting in a total trading volume of $506.4 million. Notably, daily trading volumes varied, with the lowest on August 21 ($39.5 million) and the highest on August 23 ($252 million). As of the latest report, GBTC's current total stands at a deficit of $19,732 million, Non-GBTC at $37,612 million, and the overall total holdings at $17,880 million.

Check Out the Latest Prices, Charts, and Data of BTCUSDT Perp and BTC/USDT Spot!

Airdrop to Watch:

Corn, an Ethereum Layer-2 network, is launching a Retroactive Airdrop for users who have interacted with select DeFi protocols. This airdrop, named "Kernels," rewards past activities with various partner protocols and is the gateway to $CORN token allocation once the Corn Mainnet is live. Eligible users can earn more Kernels by depositing assets like wBTC and wETH, completing Galxe quests, and using referral codes. The airdrop has two phases: the current Early Access phase where users can earn Kernels, and the upcoming phase where $CORN will be distributed based on Kernels held. This initiative aims to integrate users into Corn's yield-generating ecosystem, encouraging active participation and expansion.