Daily Bits
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THETA Jumped Following Boost in AI and Video Processing Capabilities
Today’s outperformer is THETA, which jumped 44.8% following boost in AI and video processing capabilities provided by Theta EdgeCloud with decentralized GPUs.
Paradise Island Just Got Better
Post-meltdown recovery ensued as on-chain volume accumulated near the $55k level, forming some level of support that fuelled the hopeful, albeit feeble, Monday comeback.
Drop the Beat
The road to $40,000 has not been smooth, with China’s recent mining crackdown and other regulatory difficulties coming into play.
LIVE: Innovation Zone Tokens Trading
Bybit is supporting Innovation Zone Tokens Trading.
JST Surges As JUST DApps Integrates WalletConnect V2 and JustLend Hits $4.7 Billion TVL; Circle Unveils Tools for Web3 App Creation
Circle has introduced a new tool called the "Smart Contract Platform" to make Web3 application development more accessible for developers accustomed to Web2.
Crypto Rallies as Stocks Rise From Ashes; NYDIG Bets Big on BTC
NYDIG has raised $720 million for its institutional BTC fund, betting big on BTC amid major changes in leadership.
ENJ Surges After Announcing the Release of Enjin Blockchain: Circle's USD Coin Now Natively Supported on Base and Optimism Networks
Circle's USD Coin (USDC) is now natively available on the Base and Optimism networks. Read more here.
Lacklustre Crypto Market
In light of the lacklustre trading for Bitcoin, how will the rest of the crypto market fare this Christmas? More details in today's Daily Bits.
Real Estate Trading Protocol Parcl Launches PRCL Tokens on Solana
The Solana-based real estate trading protocol Parcl has distributed 800 million PRCL tokens, following its last airdrop snapshot on April 8.
Kaidro Shifts to Ronin for Enhanced Game Development and Support
Last week, the SPX index is down 1.56%, these market shifts followed high U.S. inflation data, causing traders to reconsider expectations for multiple Federal Reserve rate cuts this year. Investors are now focusing on upcoming U.S. retail sales data and Goldman Sachs’ earnings report. The broader cryptocurrency market is down, with Bitcoin and Ether dropping by 0.18% and 0.99%, respectively in the past 24 hours. Today’s outperformer is VET, which jumped 11.4% after VeChain partners with UFC to tokenize fighter gloves for authenticity and collectibility. VeChain (VET), founded in 2015, is a blockchain platform aimed at improving supply chain management and business processes by utilizing distributed ledger technology (DLT). The platform features two types of tokens: VeChain Token (VET), which facilitates value transfer within the network, and VeChainThor Energy (VTHO), used as "gas" for powering smart contract transactions. VeChain is partnering with UFC to tokenize fighter gloves using NFC chips to ensure authenticity and track fight data on the VeChainThor blockchain. These tokenized gloves, debuting at UFC 300, will be collectibles verifiable through smart contracts. The project aims to deter fraud in the resale market. Initial exclusive gloves will be presented to celebrities like Joe Rogan. Reactions on VeChain's Reddit varied, with excitement about the use case but skepticism over its minor impact on VTHO token usage and value.
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