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The SPX index is down 0.31%, losses were led by industrials, technology, and real estate sectors amid profit-taking and ongoing assessments of the economic and interest rate environment. The broader cryptocurrency market is up, with Bitcoin and Ether rising by 7.85% and 6.31%, respectively in the past 24 hours.
Today’s outperformer is CVC, which jumped 64.24% after Civic Pass enhances Solana tokens with identity-embedded permissions for expanded utility.
Civic Pass (CVC), founded in 2015, is a versatile identity and access management tool for blockchain applications and Web2 companies, allowing for access control based on user verification. It ensures that only verified wallets can transact, enhancing security and compliance. Civic Pass is now integrated with Solana Token Extensions, adding features like transfer hooks that embed identity credentials into tokens. This allows for sophisticated permissions based on user data, enabling use cases like restricting RWAs to accredited investors, safeguarding UBI tokens, and streamlining live event token distributions. This innovation opens up new avenues for developers and marks the start of expanded token utility.
Check Out the Latest Prices, Charts, and Data of CVCUSDT Perp!
DEGEN, originally a memecoin airdropped to Farcaster users, has surged 1,500% in the past month, reaching a $212 million market cap due to its growing role in the Base ecosystem projects. As Base, developed by Coinbase, sees record transactions, DEGEN's integration into apps and its use in grants for early-stage projects mark its transition from a memecoin to a significant part of the Base ecosystem. Despite speculation about Base potentially introducing its native token, Coinbase remains silent. Among the projects supported by DEGEN are Drakula, a 'web3 TikTok' with over $10 million in trading volume, and others like the prediction game Perl and the protocol Superfluid, showcasing DEGEN's expanding utility and adoption.
Date | Report | Previous |
Tue, Mar. 26 | Durable Goods Orders MoM FEB | -6.1% |
In January 2024, US durable goods orders dropped by 6.1% month-over-month, exceeding the expected 4.5% decline and marking the steepest fall since April 2020, largely due to a downturn in transportation equipment orders, which fell by 16.2%. This category's decrease was significantly impacted by a 58.9% drop in nondefense aircraft and parts orders and a slight reduction in motor vehicles and parts. Additionally, there were declines in orders for fabricated metal products, primary metals, and capital goods. However, excluding transportation, orders only dipped by 0.3%, and orders for non-defense capital goods excluding aircraft slightly rose by 0.1%, indicating a modest increase in business spending plans.
Inception, an underfarmed protocol with a confirmed native token, offers a 3-1 airdrop strategy guide focusing on earning 15X Inception Totems for the $ING airdrop, EigenLayer Points, yields, and interactions with other protocols. Before engaging, users are advised to bookmark the guide, prepare for potential high Ethereum gas fees, conduct their research due to inherent DeFi risks, and note that this is not financial advice. InceptionLRT specializes in restaking liquid-staked ETH, recently launching a "DeFi Integrations" product to earn extra Totems by adding liquidity. The strategy involves using a Liquid Staking Token (LST), specifically Swell's swETH, to earn various rewards and points. Steps include staking ETH for swETH, restaking for inswETH, and contributing liquidity on Uniswap for yields and additional points.