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NEAR Foundation Launches Infrastructure Committee With $4 Million Budget
According to Foresight News, the NEAR Foundation has launched an Infrastructure Committee with a budget of $4 million. The committee has already funded five key infrastructure proposals. These include the implementation of Jutsu IDE infrastructure, which is an AI development environment, and FASTNEAR infrastructure services, which involve new RPC nodes and custom endpoints.

The committee has also supported the Aurora Web 3.0 wallet support services, the establishment of a financial application for the management committee's use, and an audit of Ledger integration. The NEAR Foundation's initiative aims to bolster the development and implementation of these key infrastructures, thereby enhancing the overall functionality and efficiency of the system.
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Core Inflation Rate YoY ahead of FOMC Minutes Release: What It Means for Crypto? Today marks a significant day for both traditional and crypto markets as investors eagerly await two key events: the release of the FOMC minutes and the announcement of the Core Inflation Rate Year-on-Year (YoY). The FOMC minutes offer insights into the Federal Reserve's recent discussions and decisions, providing crucial clues about future monetary policy directions. Meanwhile, all eyes are on the Core Inflation Rate YoY, with the previous figure standing at 3.2% and the forecast at 3.4%. The implications of these events for the crypto market are multifaceted. Firstly, any hints of a shift in the Fed's monetary policy stance, such as discussions about tapering or raising interest rates, could impact investor sentiment across all asset classes, including cryptocurrencies. Secondly, a higher-than-expected Core Inflation Rate YoY could fuel concerns about rising prices and potentially lead to increased demand for inflation-hedging assets like Bitcoin and other cryptocurrencies, which are often viewed as a store of value in times of economic uncertainty. Conversely, if the Core Inflation Rate YoY comes in lower than expected, it may temporarily alleviate inflation fears, leading investors to reevaluate their portfolio allocations, including their exposure to cryptocurrencies. Overall, the interplay between the FOMC minutes and the Core Inflation Rate YoY will likely shape market sentiment and influence trading decisions in the crypto space. Investors should closely monitor these developments and be prepared to adapt their strategies accordingly in response to any market-moving news. $BTC $NEAR $TIA
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