PSTAKE (pSTAKE Finance) rose 12.27% in the last 24 hours.

Gate News Bot news, on August 15, according to CoinMarketCap data, as of the time of writing, PSTAKE (pSTAKE Finance) is currently reported at 0.04 USD, having risen 12.27% in the last 24 hours, with a high of 0.04 USD and a low of 0.03 USD. The current market capitalization is approximately 15.4 million USD, an increase of 1.69 million USD compared to yesterday.

pSTAKE Finance is a platform focused on Bitcoin yield and BTC liquid staking. The project aims to provide a solution for BTC holders to stake their BTC assets in a non-custodial manner, allowing idle BTC holdings to earn higher returns while maintaining asset liquidity. pSTAKE Finance is built on the Babylon infrastructure, allowing users to stake BTC and mint yield-bearing liquid staking derivatives yBTC.

Important news about PSTAKE recently:

1️⃣ pSTAKE Foundation announces a $50 million AI-Web3 Innovation Fund The pSTAKE Foundation has officially launched a $50 million AI-Web3 innovation fund aimed at promoting the development of generative artificial intelligence and decentralized networks. The fund is now open for applications, demonstrating pSTAKE’s proactive efforts to expand its business scope and influence.

2️⃣ Focus on five strategic areas, layout the integration of AI and Web3 The newly established innovation fund will focus on five key areas: decentralized generative agents, on-chain provenance, AI asset market layer, programmable creative engines, and secure composable infrastructure. This strategic layout reflects pSTAKE’s foresight in the trend of integrating AI with Web3 technology.

3️⃣ Accelerate the expansion of the project ecosystem By supporting research, development, and collaboration in relevant fields, pSTAKE is expected to attract more innovative projects and talents to its ecosystem, thereby enhancing its competitive advantage in the rapidly evolving AI-Web3 intersection.

From a technical perspective, the rise in the price of the PSTAKE token may be related to new initiatives in the AI-Web3 integration field for the project. This significant investment plan may have boosted market confidence in the future development prospects of pSTAKE, thus driving up the token price. However, given the high volatility of the cryptocurrency market, investors still need to carefully assess potential risks.

This message is not investment advice; investors should be aware of market volatility risks.