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What happened?
The global crypto market has experienced a downturn, with its market capitalization dropping by 0.8% to $3.41 trillion. Despite the overall red trend, Bitcoin and other top cryptocurrencies saw small increases, with Bitcoin rising by 1.6%. Additionally, two coins, Pi Network and Aptos, saw significant double-digit gains.
Who does this affect?
This affects everyone involved in the cryptocurrency space, including traders, investors, and entities across all levels of blockchain and fintech industries. With Chainlink and Mastercard’s partnership, a wider audience of over 3 billion cardholders can now access crypto on-chain, potentially affecting banking customers globally. Meanwhile, AI developers and companies using Web3 technologies are impacted by Walrus’s integration with OpenGradient, providing more robust and decentralized storage solutions.
Why does this matter?
The market impact is substantial as it influences investor sentiment and trading strategies. The collaboration between Chainlink and Mastercard could significantly drive mainstream crypto adoption, affecting fiat-to-crypto conversion markets. Innovations like Walrus’s partnership with OpenGradient and Theta Labs’ decentralized GPU marketplace might revolutionize data handling and AI computations, potentially reshaping the structure of cloud computing and storage industries.
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