🔥TRENDING CRYPTO NEWS:
- The 2023 INCLUSION·外滩大会 is set to take place from September 7th to 9th at the Shanghai Huangpu Expo Park. The event will cover a wide range of topics, including artificial intelligence and large-scale models, innovative industry practices, cultural features, and data technology. In addition, the conference will serve as an open international exchange and sharing platform, with over 500 influential global technology leaders and experts sharing their insights on cutting-edge technologies such as artificial intelligence, blockchain, privacy computing, and Web3.0. As part of the exploration into the future of data technology, the event will also showcase the latest practices of global Web3.0 companies and the internationalization efforts of Chinese enterprises.
- Token prices for Sui (SUI) and Hedera (HBAR) are experiencing a decline as both projects prepare for an increase in circulating supply later this week. Both projects have scheduled token unlocks, which allow early investors and project team members who were previously unable to sell to do so. These unlocks are designed to reduce selling pressure on tokens. Sui's price has dropped by 7% in daily trading, currently trading at $0.54, while HBAR has decreased by 4% to $0.05. In comparison, Ethereum's ether (ETH) is down 0.3%.
Data collected by TokenUnlocks reveals that Sui intends to increase its allocation of tokens designated for staking subsidies from 967,740 to 1 million SUI, valued at approximately $540,000. Concurrently, Hedera plans to allocate 1.15 billion HBAR, or $64.3 million, divided among network governance, purchase agreements, and ecosystem development. HBAR's price surged 15% earlier this month after being integrated into the U.S. Federal Reserve's FedNow platform, resulting in a 50% price increase since mid-June and pushing its market cap above $2 billion.
