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717ai serves as an AI Over-The-Counter (OTC) Settlement Agent, optimized for analyzing high-quality market data from institutional sources. It facilitates the implementation of on-chain investment strategies, streamlines OTC settlement processes and pricing, and consolidates stablecoin conversions. Moreover, holding the $WIRE token provides users with access to premium market insights and additional price information through the 717ai Terminal. The buyback and burn initiative for the $WIRE token is sustained by the settlement revenue generated by 717ai.
Following Federal Reserve Chair Jerome Powell’s dovish remarks at Jackson Hole, markets are bracing for a possible rate cut in September.
ETH, it would appear, was the biggest beneficiary of Powell’s comments on interest rates as it surged past the $4,800 mark with ease.
Ethereum is trading at $4,727, with a market capitalization of $569 billion and a robust 24-hour trading volume of $65.65 billion.
Stay ahead in the crypto game! Explore this week's top meme coins: Dogecoin, Shiba Inu, and Little Pepe as investor interest surges.
Bitcoin is trading at $115,441 with a market capitalization of $2.29 trillion and a 24-hour trading volume of $47.99 billion.