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The S&P 500 fell 0.6% as Fed Chair Powell’s comments on delaying rate cuts, along with a stronger-than-expected October core PPI, lowered December cut odds from 82.5% to 48%. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 2.55%, with Bitcoin and Ether dropping by 2.49% and 1.17%, respectively in the past 24 hours.
Today’s top performer is NEAR, which surged 7.9% after Deutsche Telekom joined the NEAR Protocol to boost decentralization and user-owned AI.
Near Protocol (NEAR), launched on April 2020, is a decentralized platform using sharding for efficient app development and operation, similar to Amazon Web Services but with a distributed network and its own cryptocurrency, NEAR token. Deutsche Telekom’s subsidiary, Telekom MMS, has joined NEAR Protocol’s Enterprise Node Operator program, becoming the first telecom to run a validator. The partnership aims to enhance NEAR’s decentralization, scalability, and support for user-owned AI, while strengthening data sovereignty and security.
Blackrock’s BUIDL, the largest tokenized Treasury fund, has expanded to five new blockchains: Aptos, Arbitrum, Avalanche, Optimism, and Polygon. The fund, which launched in March and has a $544 million market capitalization, will also be supported by Ondo for instant withdrawals and settlements. BUIDL’s expansion reflects Blackrock's efforts to capitalize on the growing real-world asset market, with discussions underway to use BUIDL as collateral for futures trading.
Category | Flow (millions) |
GBTC | (69.6) |
Non-GBTC | (457.6) |
Total | (527.2) |
Yesterday, the BTC Spot ETF saw an outflow of $527.2 million, with $69.6 million from GBTC and $457.6 million from non-GBTC sources.
Eight new story badges are now available to claim, each with unique tasks. For the Rightsfually Badge, complete social tasks and mint it. The PlayArts Badge involves connecting a wallet and creating art, while the Punkga Badge requires enrolling and task completion. The Solo Badge asks users to follow on Twitter and create a song. To claim the Wand Badge, complete social tasks and deposit IP, and for the Standard Protocol Badge, trade assets four times. The Mahojin Badge requires generating and publishing images, and the 1Combo Badge involves task completion and minting a Combo. More badges are expected soon!