Conflux and Little Red Book Integration Causes CFX Price Surge of 60%

• Conflux native token (CFX) has surged up to 60% in the last 24 hours, following the protocol’s successful integration with the Chinese app called Little Red Book.
• Little Red Book announced on Jan. 24 that it has integrated with Conflux to allow its users to mint their non-fungible tokens (NFTs).
• NFTs minted on the Conflux network can be displayed on their profile page in the digital collection section called R-Space.

Conflux, a layer 1 blockchain protocol, recently announced its successful integration with the Chinese app Little Red Book, causing the price of its native token (CFX) to surge up to 60% in the last 24 hours.

Little Red Book, which has over 200 million users, announced on Jan. 24 that it has integrated with Conflux to allow its users to mint their non-fungible tokens (NFTs). As a result of this integration, users are now able to mint their profile pictures on the Conflux blockchain. The NFTs minted on the Conflux network can be displayed on their profile page in the digital collection section called R-Space.

This integration with Little Red Book further solidifies China’s pro-NFT position, according to the press release. The move was met with enthusiasm by the crypto community, as the price of CFX has surged to nearly 100% in the last seven days.

The team behind Conflux is optimistic about the integration, and believes that it will bring more attention to the blockchain and its potential applications. They hope that this integration will help to expand the reach of the protocol, and bring more people into the blockchain space.

The integration of Conflux with Little Red Book is an exciting development for both the blockchain and NFT space. It is a sign of more widespread adoption of blockchain technology, and could potentially open the door to more innovative use cases in the future.

Yield Curve Inversion: US Bond Market Hints at Recession

Bulletpoints:
• The US10Y-US02Y yield curve is deeply inverted, similar to the 1980s levels.
• The 2/10 spread has inverted almost 30 times since 1900, leading to a recession 22 times.
• The 3m10y spread has reached a -100 bps inversion, the deepest in several decades.

The US bond market is showing signs of inversion, which could indicate an impending recession in the latter half of 2023 or early 2024. The US10Y-US02Y yield curve is deeply inverted, similar to the levels seen in the 1980s. This inversion from 3 months to 10 years is double as bad as the levels seen during the Global Financial Crisis.

The 2/10 spread has inverted almost 30 times since 1900, and in 22 instances, a recession has followed. This means that there is a high probability of a recession occurring in the near future. Furthermore, the 3m10y spread has reached a -100 bps inversion, which is the deepest in several decades. This inversion points to a major policy error that the Federal Reserve has made, as they have broken inflation but could also break the economy.

The deep inversion of the yield curve could have huge implications for the economy. It could mean that the US economy could be heading towards another recession, and it could also mean that monetary and fiscal policies will have to be adjusted in order to prevent this from happening. The Federal Reserve has already made a number of moves to try and stabilize the economy, but it remains to be seen if these will be enough.

It is important to keep an eye on the US bond market, as it could be an indicator of what is to come. If the inversion continues and deepens, then it could be a sign that a recession is on the horizon. It is up to the Federal Reserve and other policy makers to take the necessary steps to prevent this from happening.

Fetch.ai (FET) Surges in Popularity, Listed on Major Exchanges.

• Fetch.ai (FET) has become a listed token on Proof of Reserves (PoR) for several exchanges, including Binance, Huobi and Bitfinex.
• FET has seen a surge in popularity over the last three months, leading to a significant increase in its price and active addresses.
• FET is a decentralized digital representation of the world in which autonomous software agents perform useful economic work and are rewarded with FET for their efforts.

The AI crypto sector has been booming recently with the Fetch.ai token (FET) becoming a listed token on Proof of Reserves (PoR). This is a major achievement for the FET token, as it is now supported by several popular exchanges, including Binance, Huobi and Bitfinex. This has caused a surge in FET’s popularity over the last three months, resulting in a significant increase in its price and active addresses.

Fetch.ai is a decentralized digital representation of the world in which autonomous software agents perform useful economic work. Agents are rewarded with FET for their efforts, making the token an attractive asset for investors. The total transfer volume (USD) of FET has broken out as it approaches $20 million, demonstrating the potential of the token and its increasing popularity.

Being listed on Proof of Reserves has been a major achievement for FET as it means it is now supported by several popular exchanges. Binance, Huobi and Bitfinex are all major players in the crypto scene and being listed on these exchanges will help to increase the visibility of the token.

FET is a token with a lot of potential and its listing on several exchanges has been a major milestone for the project. The surge in popularity and interest over the last three months has seen the price of FET increase significantly, and its active addresses have also increased. This is a sure sign that the asset is starting to get noticed, and the future of the project looks very bright.

With the listing on Proof of Reserves, FET is now supported by several popular exchanges, making it easier for investors to access the token. Additionally, the surge in popularity and interest in the asset has seen its price increase significantly and its active addresses grow, showing that the project is starting to gain traction. The future of FET looks very promising, and we can expect to see further growth in the coming months.

Nexo Under Investigation: Crypto Lender Records Outflows Amid FUD

• On-chain data shows that addresses related to crypto lender Nexo are recording outflows following news of financial crimes investigations by the Bulgarian government.
• Nexo’s real-time attestation by Armanino showed that its customer’s liabilities were $2.42 billion (133,263 Bitcoin) as of Jan. 12.
• Several crypto community members believe that Nexo could be the next victim of a crypto contagion that has taken several other companies by storm.

The crypto market has been rocked by news of financial crimes investigations by the Bulgarian government against crypto lender Nexo. On-chain data shows that addresses related to Nexo have been recording outflows since the news broke, with roughly $9 million leaving the platform in the wake of the news.

Crypto intelligence platform Arkham Intelligence dashboard revealed that the majority of the withdrawals were from retail investors who had deposited to centralized exchanges like Binance, Kraken, and others. Meanwhile, Nexo’s real-time attestation by Armanino showed that its customer’s liabilities were $2.42 billion (133,263 Bitcoin) as of Jan. 12.

This news has created a wave of fear, uncertainty, and doubt (FUD) in the crypto market, with some community members believing that Nexo could be the next victim of a crypto contagion that has already taken down several other companies. A partner at MetaCartel Ventures DAO, Adam Cochran, said Nexo would be „the last of the shady centralized stakers (to) fall,“ while Ram Ahluwalia, the CEO of Lumida Wealth, added that he had called out „Nexo’s nonsense back in June and on Laura Shin’s podcast.“

The news of the investigation has caused investors to be wary of Nexo, with many questioning the security of the platform and its ability to protect customers‘ funds. The Bulgarian government has yet to comment on the case, and it is unclear how the investigations will unfold.

Nexo has released a statement expressing their commitment to their customers and their continued efforts to ensure the safety and security of their funds. They have stated that they are working closely with the relevant authorities to ensure that their customers are not affected by the investigation and that the platform remains secure.

The crypto community is now waiting to see how the investigation plays out and if Nexo is able to weather the storm. It remains to be seen if the platform will be able to rebuild the trust of its investors and come out unscathed or if the investigation will have lasting implications.