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A recent update from Eigen Labs revealed that it would introduce Permissionless Token Support on EigenLayer. The feature will enable actively validated services (AVSs) to add ERC-20 tokens as restaked assets permissionless-ly. The Permissionless Token Support will also enable AVSs to improve their cryptoeconomic security.
Share link:In this post: Over 40% of asset managers put more money into Bitcoin ETFs in Q2 2024. Bitwise found that around 66% of big investors kept or added to their Bitcoin investments through spot ETFs in the US during the second quarter. ETFs offer institutional investors a regulated and secure method to include Bitcoin in their portfolios.
X removed Arora’s main account for violating the site’s policies but he has been promoting a new one through his Telegram channel.
Hougan’s analysis shows 44% of institutional investors increased Bitcoin ETF holdings in Q2, with 22% maintaining their positions.
Privacy-focused cryptocurrency Zcash topped the crypto charts recently. But that’s no surprise because of these two main reasons.
- 20:16Goldman Sachs Lowers U.S. Q1 GDP Growth Forecast to 0.1%According to a report by Jinse, Goldman Sachs economists now expect the annualized growth rate of the U.S. economy in the first quarter to be 0.1%, down from the previous forecast of 0.4%. Last month, new home sales in the U.S. exceeded expectations, but the decline in the construction deflator was less than Goldman Sachs expected, weakening the interpretation of growth adjusted for inflation. The United States will release the preliminary GDP data for the first quarter on April 30.
- 20:16U.S. stocks closed sharply higher, with the Dow up 1.07% and the Nasdaq up 2.50%U.S. stocks closed sharply higher, with the Dow up 1.07%, the Nasdaq up 2.50%, and the S&P 500 up 1.66%. Technology stocks led the gains, with Tesla and Intel both rising more than 5%, Amazon and Meta rising over 4%, Nvidia climbing nearly 4%, and Apple, Google, and Microsoft rising over 2%.
- 19:05Federal Reserve Beige Book: Economic activity stable, but uncertainty leads to significant deterioration in several regions' outlookJinse reports that the Federal Reserve Beige Book indicates that U.S. prices are rising and that economic activity and employment in most parts of the United States have changed little since March. The report reflects some early impacts of President Trump's erratic implementation of comprehensive tariffs aimed at reshaping global trade. "Uncertainty over international trade policy is widespread in the report. With rising economic uncertainty, especially surrounding tariffs, the outlook in several regions has significantly deteriorated."