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Stepn x Adidas Genesis Sneakers: A New Era in Fitness

The Stepn x Adidas Genesis Sneakers Collection: A Revolutionary Partnership The fusion of the digital and physical worlds is more than a trend; it is a burgeoning reality. The recent collaboration between Stepn and Adidas exemplifies this transformative shift. With the launch of the Genesis Sneakers collection, both companies are poised to redefine the boundaries of fitness, fashion, and technology in lifestyle rewards. This partnership is not only groundbreaking but also sets the stage for future innovations in the ever-evolving landscape of fitness applications and digital assets. A New Era of Phygital Experiences Stepn, a pioneering move-to-earn FitTech app, has taken a bold leap by teaming up with a global powerhouse like Adidas. This collaboration signifies a pivotal moment in the fitness and lifestyle sector, as highlighted by Stepn CEO Shiti Manghani: Phygital Partnership : The merging of physical and digital assets marks a new direction for lifestyle rewards. Enhanced...
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Produced by Daniel Aharonoff & Mogul Media AI

Bitcoin Surges 12.6% to Reach Highest Value Since May 2021

Bitcoin (BTC), the largest cryptocurrency by market cap, has experienced a significant surge, with a 12.6% increase over the day, reaching over $34,000. This marks the highest value for Bitcoin since May of last year. The surge has resulted in over $310 million in liquidated short positions in the past 24 hours. Additionally, the BTC Fear and Greed Index, which measures sentiment towards Bitcoin, has spiked to 66, indicating a shift towards "Greed" territory. Ethereum (ETH) has also seen a notable upswing, reaching its highest point since August. At present, ETH is trading at $1,830, up 10% over the day.

The total market capitalization of all digital assets has exceeded $1.3 trillion, surging 9.3% and adding more than $100 billion. Bitcoin accounts for over half of this total, as a series of significant events unfolded on Monday, generating optimism about the potential launch of a spot Bitcoin ETF. Grayscale's Bitcoin Trust (GBTC), which provides exposure to Bitcoin through shares, has recently traded at a discount as holders are unable to redeem the underlying assets. However, Grayscale aims to convert the Trust into a full-fledged Bitcoin ETF, and a court ruling against the SEC's initial rejection of the filing has prompted the Commission to review it once again.

Another factor driving the recent surge in Bitcoin's value is the appearance of BlackRock's iShares Bitcoin Trust on Nasdaq's list of traded ETFs. This list is maintained by the world's leading financial clearinghouse. The inclusion of the iShares Bitcoin Trust indicates growing interest in cryptocurrency and highlights the potential for further adoption in traditional financial markets.

In summary, Bitcoin and Ethereum have both experienced significant upswings in value, reaching their highest points in months. The surge in Bitcoin's value has led to the liquidation of short positions and an increase in market capitalization. The potential launch of a spot Bitcoin ETF and the inclusion of BlackRock's iShares Bitcoin Trust on Nasdaq's list of traded ETFs have contributed to the recent optimism surrounding cryptocurrencies.

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