🎆 1inch launches crosschain swaps solution

The aggregator's team presented the Fusion+ update, which includes the ability to conduct crosschain swaps. The project developers told Incrypted about it.

Fusion+ offers a decentralised, self-sufficient solution that leverages greater liquidity, ‘ensuring users get the best rates and security.’

#1inch #fusion

🇦🇪 Microsoft and with G42 are establishing two AI centres in Abu Dhabi

One of the new centres will focus on developing industry standards for the moral and responsible use of AI.

#AI

🔝 15 blockchain ecosystems by level of activity on GitHub over the past year

🗣ETH Ethereum: +0.8% YoY
🗣BNB BNB Chain: +3.0%
🗣POL Polygon: -1.6%
🗣ATOM Cosmos: +7.9%
🗣ARB Arbitrum: +11.6%
🗣OP Optimism: +39.3%
🗣AVAX Avalanche: +16.6%
🗣ONE Harmony: +5.9%
🗣DOT Polkadot: +1.8%
🗣SOL Solana: +12.1%
🗣OSMO Osmosis: +10.7%
🗣ADA Cardano: +16.3%
🗣GNO Gnosis: +2.4%
🗣FTM Fantom: +31.7%
🗣NEAR Near: +2.6%

#blockchain

💀 BNB Chain announced the launch of gas-free transactions

Specifically for USDT, USDC and FDUSD stablecoins.

Bitget Wallet and SafePal have already integrated this feature, and Binance Wallet and Trust Wallet will soon follow suit.

#BNB

📊 In 2024 only 42 projects will surpass bitcoin in terms of price growth

That said, 11 of the top tokens are memcoins.

#projects #btc

☄️The Fed lowered the rate by 0.5%, to 5%

This is the first cut since March 2020.

Also from the accompanying letter:
- Economic activity continues to expand at a solid pace.
- Job growth has slowed.
- The unemployment rate has risen but remains low.
- Inflation is moving steadily toward the 2% target.
- The economic outlook is uncertain. The Fed's further QE depends on macro data.

#fed

🔥Crypto News - Crypto World

🗣️ A 50 bp rate cut should not be perceived as the new normal" - Fed chief

During the press conference Jerome Powell said that the Fed will make rate decisions from meeting to meeting based on economic data and conditions.

He indicated that the US central bank may slow the pace of rate cuts or pause if it deems it necessary.

He also noted that the US economy is in good shape and the risks to the Fed's mandate of maximising employment and price stability are broadly balanced.

Inflation has declined but remains above the 2% target.

Crypto News — Crypto World

💵Digital bank Revolut to launch its own stablecoin

The fintech giant serves more than 45,000,000 customers.

Crypto News - Crypto World

🎉 The Tron network has approved a 50% reduction in commissions.

The change will come into effect tentatively at 15:00.

Crypto News - Crypto World

💀 US lawmakers hint that cryptocurrency law will be passed before year's end

Crypto News - Crypto World

💸 Tether invested $1,500,000 in Sorted Wallet

Sorted Wallet offers secure crypto transactions for unbanked users with simple phones or low-powered smartphones in developing regions.

Crypto News - Crypto World

🚨 The BingX exchange has been hacked

BingX has been subjected to a hack in which more than $26 million in various crypto assets were stolen.

According to the exchange's statement, the funds remain safe at the moment.

Crypto News - Crypto World