Daily News | Blockchain Developer Sphere Launched TG Extension from Bank to Wallet; The European Commission Urges Preparations for the Integration of Blockchain and AI

Crpto Dail Digest: Blockchain developer Sphere launched Telegram extension from bank to wallet; The European Commission urges preparations for the integration of blockchain and artificial intelligence; Ethereum Laer 2 Taiko goes live on the mainnet

Blockchain developer Sphere launched Telegram extension from bank to wallet Blockchain developer Sphere has launched a bank to wallet Telegram extension. This blockchain developer, which focuses on providing stablecoin services for enterprises, announced that the will launch a new path for fiat currenc deposit and withdrawal within Telegram.

The extension will allow Telegram users to directl transfer bank funds into their wallets within the application, and vice versa. The advertising cost per transaction for earl users is 0.1%. The service will be open to earl users on Ma 27th and is planned to be full launched later this ear.

Although users from non sanctioned countries can use the Telegram extension, the must associate the service with bank accounts denominated in US dollars or euros. This move continues to make Telegram a hub for crpto innovation and development, and creates a powerful blockchain ecosstem on Telegram with a large number of robots and applications, such as Unibet and CoinGecko robots.

Telegram Open Network (TON) has attracted a large number of crpto investors, speculators, and enthusiasts. According to DemandSage's data, Telegram has 800 million active users ever month and over 52 million people use the platform ever da. The download volume of this application has exceeded 1 billion times and is expected to reach the end of 2024, The number of Telegram users will reach 1 billion.

In addition, India has the highest number of Telegram users, with an estimated 104 million users, making the platform a fertile ground for providing fintech services to developing countries. Expanding financial services to developing countries remains a core focus of the blockchain industr, Developers such as Ripple Labs and Standard Diamond Co. are attempting to create innovative solutions for people in the 21st centur who lack sufficient financial services.

The European Commission urges preparations for the integration of blockchain and artificial intelligence The European Blockchain Observator and Forum (EUBOF) recommends that the EU prepare for the integration of blockchain technolog and artificial intelligence (AI). The initiative monitored and analed the development of blockchain in various regions of Europe, and released a conclusion report.

The report emphasies the potential of combining blockchain with other technologies to drive innovation. EUBOF has identified strong trends related to the continuous integration of blockchain and artificial intelligence. According to the new regulations, custodial entities can receive up to 50% of the procurement and operational costs of artificial intelligence supercomputers from the European Union. The ownership of these machines can be transferred to the custodial entit five ears after acceptance testing.

Ethereum Laer 2 Taiko goes live on the mainnet The summar Taiko based on Ethereum has been launched on the mainnet. Taiko uses a rollup proof that relies on the Ethereum block validator to sort transactions. Taiko plans to launch DAO later this ear, graduall transferring protocol control to its communit.

Ethereum co-founder Vitalik Buterin proposed the first block on the Taiko mainnet, whose metadata includes the names of each Taiko core contributor.

The Taiko token is expected to be launched a few weeks after the mainnet goes live. In addition, Taiko plans to launch a point incentive program called Trailblaers, which attracts communit participation b rewarding them for completing tasks and interacting with the internet.

The project recentl announced airdrops to communit members before the launch of the mainnet. The project plans to distribute 5% of its 1 billion token suppl to communit members, known as "Genesis airdrop".

Market Trends: BTC leads the market in general, and the Altseason has finall arrived

From toda's market trend, The price rebound of BTC and ETH has driven the overall market up, which usuall enhances market confidence and attracts more capital inflows. The sustained net inflow of BTC spot ETFs indicates an increasing focus and participation of institutional investors in crptocurrencies, which is a positive signal for the market. However, The decline in BTC's dominance ma indicate that funds are flowing towards other Altcoins, ushering in the so-called "Altseason".

Macroeconomic gains in the US stock market: The continuous rise and historic highs in the US stock market reflect optimistic expectations for the economic outlook, which helps to enhance the attractiveness of risk assets, including crptocurrencies. The decline in the US dollar index ma be a driving factor for the rise of the crpto market.

Market Hotspots:

NOT surged b over 40% Background: NOT is a game token for the Ton ecosstem. Ton is a blockchain-based gaming ecosstem, The surge in NOT ma be driven b the development of its ecosstem.

Impact: Other gaming tokens such as HIGH DAR, ENJ, and others have also followed the rise, demonstrating the market's interest and enthusiasm for blockchain games.

Meme concept Background: FLOKI MOG, PENG, TURBO, WOJAK, MAGA, SAMO, MEW and other Meme tokens have surged, especiall TURBO and MAGA, which have increased b more than 20 times and 10 times respectivel in a single week.

Risk: The surge in Meme tokens often comes with high risk and volatilit, and investors need to be vigilant about rapid changes in market sentiment and potential pullback risks.

ZEUS rose b over 25% in a single da Background: Zeus Network is a protocol that enables cross-chain communication on the Solana chain and is the first Launchpad project in Jupiter's histor. The development of this innovative technolog and ecosstem ma be driving factors for its price increase.

Impact: As the first protocol on the Solana chain to introduce Bitcoin liquidit into Solana, The success of ZEUS ma pave the wa for more cross-chain projects in the future.

The current market's general upward trend and the diversification of hotspots reflect the activit and diversified development of the crpto market. Investors need to be cautious while enjoing the benefits brought b the market's rise, especiall for volatile Meme tokens and emerging projects, risk management is particularl important. In the context of market volatilit and frequent hot topics, diversified investment can effectivel reduce the risk of a single asset. Choose projects with practical application scenarios and technological innovation for investment, avoiding blind pursuit of high returns.

Macro: The US market reopens, while the Asian market fluctuates; Gold prices and crude oil have slightl increased

On Monda, Ma 27th, the US market was closed, and no global market report was released during this period.

On Ma 28th, after rising in the previous trading da, Asian stock markets showed a pattern of mixed ups and downs on Tuesda. Officials from the European Central Bank have stated that as inflation slows down, there is room for the ECB to lower interest rates, which has raised expectations for a rate cut on June 6th. This news has boosted investors' risk appetite, although the market remains volatile before some ke inflation data is released.

The MSCI Asia Pacific stock index rose 0.4%, with Hong Kong's Hang Seng Index rising 0.7% and Japan's Nikkei Index falling 0.3%, reversing the previous trading da's gains. Chinese blue chip stocks benefited from Beijing's further commitment to invest in the semiconductor industr, with technolog stocks rising 1% esterda and slightl falling toda.

The European stock market closed slightl higher on Monda, with government bond ields falling as the European Central Bank (ECB) hinted at imminent interest rate cuts, but trading activit was light due to the closure of some major global markets.

The Pan European STOXX 600 closed up 0.3%, approaching a historic high set earlier this month. The main decision-makers of the European Central Bank have stated that as inflation slows down, there is room for the central bank to lower interest rates, but it must take time to relax policies, even if the polic direction is clear.

The focus of this week is the Euroone Ma Consumer Price Index, which will be released on Frida, while individual inflation data for German, Spain, and France will also be released this week. According to data from the London Stock Exchange, the European Central Bank appears to be starting to lower interest rates at its upcoming meeting next week, with bets indicating a possibilit of over 90%.

The US inflation data will also be released on Frida, which ma help traders evaluate the timing and frequenc of the Federal Reserve's potential interest rate cuts this ear.

Wall Street stock futures performed strongl before reopening after the US market closed. The S&P 500 index futures rose 0.1%, while the Nasdaq index futures rose 0.2%. A major risk event will occur this Frida, at which time the trading tone will be determined b the US core personal consumption expenditure (PCE) data and Euroone inflation data.

In the currenc market, the US dollar has fallen for the third consecutive trading da as traders are preparing for PCE data. The average market expectation for PCE data in April is a 0.3% increase, with an annual rate of 2.8%, but there is a downside risk.

In terms of commodities, oil prices remained stable on Tuesda. Brent crude oil futures rose 0.1% to $83.19 per barrel, while gold prices rose for the third consecutive da, rising 0.1% to $2,354.23 per ounce.