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New Features and Integration: Katana DEX Enhances User Experience on Ronin

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TL;DR

  1. Integration and Simplified User Interface: Katana DEX, Ronin’s decentralized exchange, has been integrated into Ronin Apps, centralizing various services on app.roninchain.com. This integration simplifies the user interface.
  2. Wrapped RON (wRON): Users can now wrap RON into Wrapped RON (wRON) directly from the Katana DEX and the Ronin Wallet. This update simplifies the wrapping process, enhancing security and convenience.
  3. Innovation Zone and Expansion: Katana plans to introduce the Innovation Zone, providing a safer space for users to access newer, more volatile tokens and opportunities for third-party builders to launch new tokens. Since its launch in 2021, Katana has supported liquidity for various game tokens.

Ronin’s decentralized exchange, Katana, has introduced significant updates to improve user experience and expand functionality. The platform, which allows users to swap, pool, and farm tokens, has now been integrated into Ronin Apps, centralizing various services on app.roninchain.com.

Simplified User Interface: The integration brings a simplified user interface, making it easier for new users to navigate the ecosystem. All functionalities, including swapping, pooling, farming, bridging, and staking, are now accessible from one location. This update eliminates the need to use separate platforms for different actions, streamlining the process for users.

Wrapped RON (wRON): Another key update is the ability to wrap RON into Wrapped RON (wRON) directly from the Katana DEX and the Ronin Wallet. wRON is essential for making offers on Mavis Market and participating in Ronin ERC20 token launches. The update simplifies the wrapping process, enhancing security and convenience.

The Innovative Features that Will Proppled Katana DEX to the Future

New Features and Integration: Katana DEX Enhances User Experience on Ronin

Legacy Website Redirection: The legacy Katana website will soon redirect users to app.roninchain.com, with the transition expected to be completed by May 7th, 2024. This change will unify the user experience across mobile and desktop browsers.

Innovation Zone: Looking ahead, Katana plans to introduce the Innovation Zone before the end of summer. This new feature will provide a safer space for users to access newer, more volatile tokens. It will also offer opportunities for third-party builders to launch new tokens and for users to create new liquidity pools.

Growth and Expansion: Since its launch in 2021, Katana has supported liquidity for various game tokens, including Pixels, Apeiron, and Play & Kollect. The integration with Ronin Apps is a strategic move to simplify user interactions and lay the foundation for further growth.

The updates to Katana DEX reflect Ronin’s commitment to enhancing user experience and fostering innovation within its network. As the platform continues to evolve, it promises to bring exciting new opportunities for users and developers alike.

The post New Features and Integration: Katana DEX Enhances User Experience on Ronin appeared first on The Cryptocurrency Post.

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Elon Musk’s AI projects Bitcoin at $120,000 after second Fed rate cut

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Grok, Elon Musk’s artificial intelligence, projects new momentum for Bitcoin and XRP. This forecast comes after the U.S. Federal Reserve (Fed) announced its second consecutive rate cut. The decision seeks to stimulate the slowing economy, moving the federal funds range to 3.75%-4%. Grok’s prediction on Bitcoin and XRP suggests a favorable scenario.

The Federal Reserve approved the rate reduction with a 10-2 majority vote. The objective is clear: to curb the employment slowdown in the country. Historically, this type of expansionary monetary policy benefits risk assets. Immediately after the announcement, Bitcoin showed volatility. It briefly fell to $110,000 but managed a slight recovery above $110,600.

Grok’s prediction on Bitcoin and XRP is not isolated. Market analysts support this optimistic view. Improved global liquidity and rate cuts are key factors. Furthermore, institutional inflows into spot ETFs for Bitcoin continue to be robust. According to data from Farside Investors, these funds hold over $60 billion in assets. Figures like Michael Saylor project Bitcoin between $150,000 and $200,000 by 2025.

How high can BTC and XRP go according to artificial intelligence?

Grok’s analysis estimates an 8% rise for Bitcoin in the coming days. The projection for November places BTC at the $120,000 level. However, caution remains if Fed Chair Jerome Powell adopts a conservative tone. For XRP, the forecast is also positive. The AI detects that XRP is more sensitive to changes in interest rates. This is due to its use in cross-border payments. Grok projects that XRP could reach $3, a 14% rise by November.

The rate cut fosters a positive scenario for the digital economy. The AI forecasts reinforce a narrative of a moderate bull cycle. This cycle is supported by macroeconomic fundamentals and growing institutional interest. Nonetheless, AI projections face inherent limitations. Models cannot reliably anticipate unexpected regulatory events. Therefore, every strategy must be supplemented with research and responsible risk management.

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Bitcoin Miner Stocks Rebound Today Sharply Thanks to the AI Boom

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Stocks linked to cryptocurrencies, led by Bitcoin mining companies, experienced a notable recovery this Monday. This bullish movement was primarily driven by renewed optimism in the artificial intelligence sector. According to analysts from the financial firm B. Riley, the market is reacting positively to news from the technology sector. The Bitcoin miner stocks rebound amid growing interest in computational infrastructure.

The main catalyst of the day was the announcement of a strategic agreement. OpenAI, the renowned artificial intelligence firm, selected Broadcom (AVGO) to develop its next custom AI chips. This news caused Broadcom’s shares to reach a new all-time high. Consequently, the enthusiasm spread to other technology assets. The rally was led by major mining companies, such as Marathon Digital (MARA), which saw its shares rise by 10%. Similarly, Riot Platforms (RIOT) and CleanSpark (CLSK) posted gains of nearly 8%.

The Domino Effect of the Boom in Artificial Intelligence

This rally in mining stocks occurred despite the relative stability of Bitcoin’s price. The main crypto asset remained trading around $66,000, showing no major fluctuations. The disconnect suggests that investors are valuing these companies for their indirect exposure to the artificial intelligence sector. Analysts note that cryptocurrency stocks are considered “high-beta” assets. Therefore, they tend to amplify the movements of major technology indices, such as the Nasdaq.

The relevance of this event lies in the growing correlation between the AI narrative and the digital asset market. The demand for energy and computational power is a key link that unites both sectors. Data centers for artificial intelligence and Bitcoin mining farms compete for similar resources. This operational parallel is capturing the attention of investors. For this reason, they are looking for growth opportunities at the intersection of these two disruptive technologies.

A New Correlation for the Crypto Market?

The impact on the market is significant, as it diversifies the factors influencing the valuation of mining companies. Previously, their performance was almost exclusively tied to the price of Bitcoin. Now, the AI boom is emerging as a new growth driver for these stocks. For investors, this represents an opportunity to gain exposure to the artificial intelligence sector through the cryptocurrency market. This could attract a new flow of capital into the ecosystem.

The day shows that the crypto market’s sensitivity to broader technological trends remains very high. The future performance of mining stocks could increasingly depend on advances in the AI field. Consequently, market observers will be watching to see if this correlation strengthens. The link between AI and digital mining could redefine investment strategies in the medium and long term within the digital asset sector.

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California Passes Historic AI Chatbot Regulation to Protect Minors

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Governor Gavin Newsom has signed a pioneering bill that establishes the first AI chatbot regulation in California, focusing on platforms that simulate friendship or intimacy. The legislation, known as Senate Bill 243 and introduced by State Senator Steve Padilla, was signed into law this Monday, marking a milestone in artificial intelligence oversight and the protection of vulnerable users, especially minors.

The new regulation requires developer companies of these chatbots to implement clear safeguards. The law mandates the explicit disclosure of the chatbot’s artificial identity, ensuring users know they are interacting with software and not a person. Furthermore, it specifically prohibits chatbots from engaging in conversations about sexual or self-harm topics with minors and establishes protocols for reporting detected cases of suicidal ideation to the state’s Office of Suicide Prevention.

This legislation is relevant because it shifts the focus of AI supervision. Instead of concentrating solely on model architecture or data bias, it directly addresses the emotional interaction between humans and machines. California becomes the first state to set clear boundaries for “companion” chatbots, setting a precedent that could influence future regulations nationwide. The measure seeks to balance innovation with protection, an increasingly present debate in the tech sector.

Real Protection or a Symbolic Gesture?

Despite its passage, the bill is not without controversy. Advocacy groups like Common Sense Media withdrew their support, arguing that the final version was “watered down” after industry lobbying. They label the law as a hollow gesture rather than meaningful policy, as key provisions like external audits were removed. For developers, implementation presents challenges, such as age verification and the risk of restricting legitimate mental health conversations out of caution.

The debate over this law’s actual impact is just beginning. While Governor Newsom defends it as a necessary guardrail, the industry and advocacy groups are closely watching its implementation. The success of this regulation will shape the future of AI governance, determining whether it is possible to create a safer digital environment without stifling the potential of these emerging technologies to offer support and connection.

The post California Passes Historic AI Chatbot Regulation to Protect Minors appeared first on The Cryptocurrency Post.

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