Amidst the cryptocurrency industry, Bitcoin experiences a rebound, accompanied by a strengthening ETH/BTC exchange rate, signaling the onset of altcoin season. Simultaneously, the stock market sees an uptick as Powell's speech lacks groundbreaking revelations.
Key Developments:
AI Sector Surge: Noteworthy gains in the AI sector are witnessed, led by Fetch.ai (#FET ), SingularityNET (AGIX), Render (RNDR), and NEAR. RNDR and NEAR are poised to leverage the excitement surrounding the upcoming Nvidia AI conference on March 18th. RNDR focuses on GPU computing power, while NEAR is transitioning into an AI-centric blockchain, marking the sector's resilient return to new highs.
DeFi Momentum: Uniswap (UNI), Reserve Rights (RSR), and Stafi (FIS) experience significant surges in the decentralized finance (DeFi) ecosystem. Notably, Uniswap's dividend proposal successfully passes, reflecting the ongoing dynamism within this sector.
Binance Introduces #Aevo : Binance adds a new asset, Aevo (formerly Ribbon Finance), a decentralized derivatives exchange specializing in options and perpetual contracts. Supported by Dragonfly Capital, Coinbase, Paradigm, and others, Aevo employs an off-chain order book with on-chain settlement using OP Stack and Celestia. The transition from RBN to Aevo tokens aims to serve as both an economic incentive and a governance token.
Airdrops by Wormhole and Sage: Wormhole, a cross-chain bridge, announces an airdrop for those staking Pyth. Meanwhile, Sage, a gaming blockchain within the Cosmos ecosystem, initiates airdrops for individuals staking ATOM and TIA, contributing to the broader token distribution strategies of these projects.
