Aave, dTAO, Coinbase Earnings, CPI
Some activities are underway in the cryptocurrency market this week, including ghostBittensor and Jupiter ecosystems, U.S. economic data, revenue calls and key token unlock events.
Traders and investors may consider adjusting their trading strategies based on the following events to take advantage of the expected volatility Unique to a single network.
Extend to sound and lines
First is live broadcast Aave on Sonic and Linea. It marks the expansion of Aave, defi Protocol, Sonic, is an EVM-compatible blockchain network, Boy friend.
Follow the action Governance suggestions Aave Chan Initiative (ACI) submitted on January 31. If approved, the proposal will deploy AAVE V3 on Sonic, highlighting the network’s high-speed transaction and charging model as a key incentive.
The excerpt from the proposal says: “This interim check seeks comments from the community to deploy AAVE V3 on Sonic Mainnet.”
Meanwhile, the Sonic Foundation said it would provide $15 million in funding. It will also provide immigration incentives, 50 million institution tokens and a supply of $20 million.
According to Beincrypto data, the AAVE price for this message rose by 0.57%. As of this writing, the tokens are trading at $246.33.
Bittensor’s DTAO upgrade
One of the top crypto news this week is the Bittensor (TAO) DTAO upgrade on Monday, February 10. Dtao, the abbreviation of Dynamic Tao, is a comprehensive evolution Symbolism and the governance model of Bittensor network basics.
“It represents Bittensor explain.
Opentensor Foundation shares DTAO white paper At the beginning of this month. According to the announcement, most operations will remain the same, including the main workflow of miners. However, after the upgrade, the most obvious difference is adding a new token to the Bittensor network.
Talk to the Grayscale of the core developer of Opentensor, const, explain Of course, Bittensor needs to exceed the centralized space Machine Learning laboratory.
Coinbase Income Phone
Coinbase will release its fourth quarter (Q4) 2024 financial results after the U.S. market closure on Thursday, February 13. Earnings calls are expected to affect market sentiment on their stock coins.
Notably, Bitcoin (BTC) and Ethereum (eth) Prices greatly affect Coinbase’s revenues because cryptocurrencies drive most of its transaction revenues. Typically, rising BTC and ETH prices lead to higher retail engagement, which translates into more transaction activity and higher fees Crypto exchanges based in the United States.
In the fourth quarter, in the U.S. election and Donald Trump’s victory. By chance, victory raises optimism about more Crypto-friendly regulatory environment and the prospects of US strategic Bitcoin reserves.
In the nearest one ReportCoingecko said trading volumes in the top 10 centralized exchanges (CEXS) in the fourth quarter soared 111.7% in the fourth quarter compared to the third quarter.
In the surge, Coinbase’s trading revenue is expected to increase by 37.1%, resulting in a forecast of yield. Against this backdrop, the exchange recently introduced a new product: USDC Stablecoin-backed loansexpected to affect its future revenue.
Jupiter Product Announcement
Another top crypto news this week is Jupiter dex’s Large product announcements. It is not clear what the announcement will be, but some speculations are detailed about the Active Placement Reward (ASR).
“…We are doing an absolute explosion next week. ASR, details of repos, large product announcements, Meow’s 555 plan, etc., “Jupiter” shared On X.
Meanwhile, others say it was Jupiter’s recent move to acquire portfolio tracking tool Sonarwatch, as revealed during Catsanbul. In addition to what this move means for Jupiter as a DEX, it strategically positioned it as Defi Insights.
“Sky at Jupiter’s Catstanbul event. Jupiter bought a sonar watch. The sonar team has now been integrated into Jupiter! We may have the best Solana Tracker,” one user Fun.
Berarachaain (Bera) token unlock
In addition, traders and investors should volatility On Monday, the Bella Ach token is unlocked near. Beincrypto reported this Berachain will unlock 12.08% of its BERA token supply at 01:00 pm UTC on Monday.
Specifically, it will release 12.98 million BERA tokens to the market, worth $65.81 as of press time.
It is worth noting that 1.25 million unlocked BERA tokens will be allocated to Berachain Social air conditioning.
In addition, the report of the US CPI (Consumer Price Index) will also be held on Wednesday. As Beincrypto reported, it’s four US economic events that may affect sentiment in Bitcoin and crypto markets This week.
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