Skip to main content

Featured Story

Produced by Daniel Aharonoff & Mogul Media AI

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...
Post a Comment
Read more
Produced by Daniel Aharonoff & Mogul Media AI

Cryptocurrency Market Update: Bitcoin Price Plunge Below $40,000

Bitcoin (BTC) has experienced a significant price drop, now trading below $40,000 per coin. According to CoinGecko data, the price of the leading cryptocurrency stands at $39,754, marking a nearly 5% decline in just 24 hours. Over the past week, BTC has plummeted by over 7%. This downward trend comes shortly after the approval of long-awaited investment vehicles that introduce crypto to Wall Street in the form of spot Bitcoin exchange-traded funds (ETFs). Ten Bitcoin ETFs, enabling investors to purchase shares mirroring the digital asset's price, commenced trading on January 11. Analysts had varying predictions on whether BTC's price would surge or stabilize following the approval. Notably, one day post the U.S. Securities and Exchange Commission's green light, BTC almost reached $49,000 for the first time since 2021, only to subsequently nosedive. The current dip in BTC's price is largely attributed to funds flowing out of ETFs, particularly Grayscale's Bitcoin Trust. Formerly functioning as a closed-end investment vehicle, the Trust's transition to a spot BTC ETF has prompted rapid investor withdrawals. Grayscale is now transferring billions in BTC to its custodian, Coinbase, exerting downward pressure on the cryptocurrency's price. The broader crypto market mirrors this bearish sentiment, with Ethereum (ETH) declining by more than 6% in the past 24 hours, priced at $2,336. Solana (SOL), the fifth-largest cryptocurrency by market cap, has also slumped by over 9% in a day, now valued at $83.86.

Email Post

Comments

Post a Comment

Trending Stories