Demex Daily #5: $XLM Stellar Jumped 10% Amid Strategic Partnerships

Top Gainer - Stellar (XLM):

The price of Stellar (XLM) increased by 10% in the past 24 hours, reaching a weekly high of $0.125 and a market cap of $3.4 billion. This surge comes after a social media post by Stellar hinted at "something cool" being announced in 10 days. While the wider crypto market remains relatively flat, Stellar stands out with its gains. Known for focusing on efficient cross-border payments and digital asset issuance, Stellar has secured partnerships with Circle and MoneyGram International, even becoming a minority investor in MoneyGram. Last month, Stellar also joined the Bytecode Alliance to promote WebAssembly (Wasm) technology, signaling its intent to create a more robust execution environment for smart contracts.

What’s Interesting Today:

Cronos Labs has initiated a search for eight startups to join the third cohort of its $100 million accelerator program, focused on early-stage crypto projects at the intersection of AI and blockchain. The 12-week program was announced to coincide with Korea Blockchain Week and aims to attract projects that leverage AI for speed and efficiency in taking products to market. Google Cloud, Amazon Web Services, and blockchain security firms PeckShield and Certik are serving as mentors for the program.