Loop Ring Up 42%, NFL Allows Blockchain Ads

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Most major cryptos have recorded small losses in the last 24 hours. The National Football League has sent a memo saying it will allow its teams to pursue blockchain sponsorship. However, the ban on promoting crypto assets remains in effect.

US stocks rose yesterday after Fed Chair Jerome Powell claimed the central bank’s plan to tighten monetary policy would not send the US economy into recession.

Bank of England Governor Andrew Bailey will speak at the Bank for International Settlements Innovation Summit today at 12:00 GMT, potentially fueling market volatility in the UK.

Top cryptos

Polkadot and Cardano jumped out, winning over 3% each. Bitcoin was trading just above USD 42,000 at the time of writing, down less than 1% in the past 24 hours. Avalanche is down 4%.

Top movers

In the top 100, most coins have added or lost 1-3% of their value. Notable standouts were Ethereum Classic (+10%), Mina (+9%), Bitcoin Gold (12%), Qtum (+11%), Internet Computer (+7%) and Bora (+8%).

ApeCoin, which spectacularly crashed into the top 100, continues its rise. The cryptocurrency, created by the founders of BAYC, has gained 13% today.

Loopring rose 42% after news of a partnership with GameStop for its NFT marketplace.

On the other hand, THORChain is retracting recent gains. It lost 6% today.

Trending

Today’s biggest winner is YTizer, which is being designed as a future returns trading platform. The idea is that the offering party can take future returns as an advance in exchange for surrendering returns in a tokenised capacity.

Traders can buy this tokenised return and hold it until the expiration date. The native token of this ecosystem, YTZ, is up nearly 1,200% in 24 hours.

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