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Solana beats Bitcoin, Web3 project boosts game data based on artificial intelligence

Solana performa well, bitcoin performa like s...

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Table of Content

In today edition we talk about

  • Solana Outperforms Major Cryptos This Week Due to Multiple Catalysts

  • Toncoin Gains Regulatory Approval in Kazakhstan

  • Why does bitcoin continue to perform like shit?

  • New Web3 Project Boosts AI-Driven Gaming Data

Solana Outperforms Major Cryptos This Week Due to Multiple Catalysts

Solana has risen 9% this week, outperforming Bitcoin and Ethereum, which declined by over 4% and 2%, respectively. Coinbase analysts attributed Solana's gains to several key developments, including technological advancements and the filing of the first spot Solana ETF by VanEck in the U.S.

Key Points:

  • Solana's price surged 9% in the past seven days.

  • Bitcoin and Ethereum saw declines during the same period.

  • Major catalysts include ZK Compression technology and Blockchain Links, enhancing Solana's ecosystem and user experience.

Toncoin Gains Regulatory Approval in Kazakhstan

Toncoin (TON) has received approval from Kazakhstan’s Financial Services and Regulatory Committee (AFSA) for trading on regulated exchanges. This makes it the 107th digital asset approved in the country, joining other cryptocurrencies like TRON, Polygon, and Avalanche.

Key Points:

  • Toncoin is now approved for trading in Kazakhstan.

  • It joins a list of 107 approved digital assets, including Bitcoin and Ether.

  • The Open Network leverages Telegram’s vast user base for Mini Apps and in-app payments.

  • Toncoin is popular for value transfer and blockchain gaming in the developing world.

Why does bitcoin continue to perform like shit?

Bitcoin remained flat over the past 24 hours, trading at around $61,640, despite gains in equity indices following new inflation data.

Key Points:

  • Equity indices, including the Dow Jones, S&P 500, and Nasdaq-100, saw modest increases as inflation data showed cooling.

  • The U.S. Commerce Department reported the lowest annual inflation rate since 2021.

  • Investors are watching inflation trends to anticipate potential interest rate cuts by the Federal Reserve.

New Web3 Project Boosts AI-Driven Gaming Data

A new Web3 project is enabling gamers to tokenize their gaming data as Data NFTs, enhancing AI-driven gaming experiences.

Key Points:

  • The project allows gamers to convert their gaming data into Data NFTs.

  • AI technology, which has seen rapid growth since 2022, benefits from blockchain's transparent data collection methods.

  • Blockchain ensures data integrity and ownership, providing high-quality data for AI.

  • AI holds significant potential in gaming, offering personalized experiences and improved game development.

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