Web3 Culture and Entertainment Platform MATR1X Announces Tokenomics of its Platform Governance Token MAX | Cryptocurrency Trends

1. Mainstream Exchange Trends:

• Binance to support Render (RNDR) token swap and rebranding to Render (RENDER).

2. Cryptocurrency Trends:

• Federal Reserve Chair Jerome Powell says the Fed has made considerable progress on inflation and would not wait until inflation reaches its 2% target before it starts cutting rates.
• CFTC Chair Rostin Behnam says an Illinois court confirmed that BTC and ETH are digital commodities under the Commodity Exchange Act and that 70–80% of tokens in the crypto market are not securities.
• MATR1X, a Web3 culture and entertainment platform, announces the tokenomics of MAX, the governance token of its platform.
• According to The Block, investment research firm Bernstein reiterates in a research report that Bitcoin will rise to $200,000 by the end of 2025.
• Renzo's TVL has decreased by 42.42% over the past month to $2.234 billion.
• The trading volume of Solana's DEXs reaches $2.467 billion, surpassing the $1.534 billion trading volume of Ethereum's DEXs.
• Renowned American RB singer and actor Tyrese Gibson announces on X that he will issue his own meme token. He will also be hosting a Space on X later to discuss the details of the token launch.

3. Financing Trends:

• Tread.fi, an algorithmic crypto trading platform, raises $3.5 million in seed round funding led by New Form Capital, with participation from Aquanow, Varys Capital, GBV Capital, Thanefield Capital, and others.
• Notcoin, 1inch, and Sequoia-backed proof protocol Sign partner to launch a new startup accelerator for Telegram and TON's crypto ecosystems.

4. Regulatory Trends:

• BitMEX, a cryptocurrency and derivatives trading platform, pleaded guilty to violating the Bank Secrecy Act on Wednesday, according to an official statement from the U.S. Department of Justice, claiming that BitMEX willfully failed to establish, implement, and maintain an adequate anti-money laundering program.