The protocol was constructed upon LayerZero's architecture, which secured a staggering $120 million funding earlier this year, valuing the company at an impressive $3 billion.
K33 Research reveals that the prime time for Bitcoin price gains and trading activity predominantly revolves around the U.S. market hours.
The market's risk-off sentiment likely reflects its message to China that 10 basis point rate cuts alone are insufficient to stimulate the decelerating economy.
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