Daily Hotspot Review - September 16
▰ Circle’s stablecoin payment L1 project Arc went live on the mainnet. They say a few “golden dogs” ran out today—too bad I missed it while I was at work.
▰ Previously, Axis Robotics launched a dedicated campaign in Binance Wallet. To participate in the new token offering, it has to be priced at a $100 million valuation. At TGE, only 10% is unlocked—so you can basically think of it as being a new token offering at a $1 billion valuation... This project has had quite a lot of negative news lately. What was announced was $12 million in funding, but KOLs claim the actual funding was only a bit over $1 million. Also, there’s reportedly a conflict between the founders and the KOLs...
▰ Binance listed Near (NEAR) spot trading. Trading volume is over 500 to get a “guaranteed” prize, but I wouldn’t recommend going for the guaranteed prize—recently it’s been easy to get “rugged.”
▰ Other: The CLARITY Act (Digital Asset Market Clarity Act) did not pass; at around 5:00 AM on the 17th, the interest-rate decision will be released. The market generally expects a 25-basis-point rate hike.
Finally, wishing everyone a big fortune!
▰ Circle’s stablecoin payment L1 project Arc went live on the mainnet. They say a few “golden dogs” ran out today—too bad I missed it while I was at work.
▰ Previously, Axis Robotics launched a dedicated campaign in Binance Wallet. To participate in the new token offering, it has to be priced at a $100 million valuation. At TGE, only 10% is unlocked—so you can basically think of it as being a new token offering at a $1 billion valuation... This project has had quite a lot of negative news lately. What was announced was $12 million in funding, but KOLs claim the actual funding was only a bit over $1 million. Also, there’s reportedly a conflict between the founders and the KOLs...
▰ Binance listed Near (NEAR) spot trading. Trading volume is over 500 to get a “guaranteed” prize, but I wouldn’t recommend going for the guaranteed prize—recently it’s been easy to get “rugged.”
▰ Other: The CLARITY Act (Digital Asset Market Clarity Act) did not pass; at around 5:00 AM on the 17th, the interest-rate decision will be released. The market generally expects a 25-basis-point rate hike.
Finally, wishing everyone a big fortune!
