Experts select 5 alts worth following, announcing the arrival of the altcoin boom in three years. As the Cryptocurrency market emerges from a seven-month consolidation phase, following the parabolic rise trend of BTC and various AltCoins in the first quarter of 2024, Cryptocurrency analyst OxNobler boldly declares that today marks the beginning of the next significant AltCoin season. In a recent post on the social media platform X (formerly known as Twitter), OxNobler shared insights into AltCoin indicators, which have shown a parabolic shape for the first time in three years. The analyst emphasized the cyclical nature of the market phases, driven by capital inflows shifting from BTC to Tokens with larger Market Cap, and eventually reaching AltCoins with lower Market Cap. This indicates a continuous rise in Liquidity movement, which may drive significant price pumps in the AltCoin space. OxNobler pointed out key catalysts for the upcoming influx of Liquidity, including several factors: the upcoming U.S. election, with both candidates expressing support for BTC, expected rate cuts by the Fed, the possibility of China lifting the Cryptocurrency ban, and F.T.X's anticipated payment of 16 billion USD from Q4 2024 to Q1 2025. By analyzing historical PA and market cycles, OxNobler believes that traders can achieve significant profits in the coming months. OxNobler focuses on several AltCoins that he believes are likely to achieve rise in the new market phase. Key participants in the upcoming market transformation: Realio Network (RIO): This blockchain-based platform focuses on the issuance, investment, and lifecycle management of digital securities and encryption assets. The current trading price is $0.83, with a market capitalization of only $4 million. OxNobler believes that RIO is likely to pump significantly, especially considering the growing interest in Real World Assets (RWA). Major asset management companies such as BlackRock have already invested in this area, which may drive demand for RIO and other altcoins. Zero Labs (DEAI): This Token supports a Decentralization Artificial Intelligence ecosystem that focuses on data governance. DEAI is currently priced at $0.55 with a market capitalization of $50 million. As Artificial Intelligence continues to gain attention, especially with companies like Nvidia being highly sought after in the past year, DEAI has become an attractive option. Note that in recent times, SUI has surged 28% in the past month and 372% year-to-date, with a current trading price of $1.98 and a market capitalization of over $5 billion, preparing for the expected alts season. Render Network (RENDER): This Decentralization GPU rendering network connects users in need of GPU computing power with users willing to rent out resources. RENDER's market capitalization is 26 billion US dollars, with an issue price of 5 US dollars. Analysts believe that RENDER is expected to benefit from the increasing demand for GPU computing in various technical applications. TokenFi (TOKEN): According to analysts, TokenFi aims to simplify the process of cryptocurrency and asset tokenization and aspires to be a leading platform in this field. Currently, the trading price of TOKEN is $0.047, with a market capitalization of $47 million. (Data Source: Ronaldo Marquez)

Odaily Star Daily News According to official sources, Eigen Labs announced the acquisition of Rio Network, and the specific acquisition amount has not been disclosed. Eigen Labs stated that Eigen Labs did not build the Liquid Restaking Token (LRT), and Rio Network's code and intellectual property rights will be acquired by the Eigen Foundation and will be open sourced to better support the new and developing LRT. The Rio team will join Eigen Labs and work together with other members of the Eigen Labs team to focus on enhancing the EigenLayer ecosystem.

金十数据5月26日讯，当地时间5月26日上午，巴西南里奥格兰德州民防部门发布的信息显示，自4月29日以来袭击该州的暴雨已导致169人死亡，仍有56人失踪。由于暴雨和洪涝灾害造成的水体污染，目前，该州已有4人因钩体病死亡，另有54人确诊，疑似感染者达800人。

Aluminum prices hit a nearly two-year high on Tuesday, according to Jinsdata on May 22nd. Aluminum is also boosted by supply concerns, as earlier, Rio Tinto announced that its alumina refinery in Queensland, Australia, encountered force majeure on its third-party contracts for alumina exports. "When base metals rise sharply, aluminum tends to lag behind copper, but fund money will eventually find it," said Edward Meir, an advisor at Marex. He also said that other alumina producers may struggle to fill the gap so quickly, so we may see further price increases for alumina and aluminum in the coming days. He also said that there is no shortage of bauxite, so there are available raw materials for alumina.

According to 8marketcap data, the market value of the US dollar stablecoin Tether has reached $102.42 billion, surpassing the global mining giant Rio Tinto and ranking 168th in the global asset market capitalization ranking, with Rio Tinto's current market value of about $101.3 billion.

Singapore-based fintech startup Xalts has announced the acquisition of Contour Network, a digital trading platform established by eight major banks, including HSBC, Standard Chartered and BNP Paribas. Terms of the deal have not been disclosed, but the purchase price is in the millions of dollars and consists of cash and stock. Powered by Accel and Citi Ventures, Xalts enables financial institutions to build and manage Blockchain-based applications. Launched in 2017 by a consortium of eight banks to digitise trade, Contour is now used by 22 banks and Long 100 global businesses, including Tata Group and Rio Tinto Group. （TechCrunch）

Odaily星球日报讯 Rio Development宣布完成种子轮融资，Polychain Capital、Blockchain Capital、Breyer Capital联合领投，融资金额未披露。 据悉，Rio Development提供流动性重质押服务。

According to Carlos Thadeude Freitas, former director of BC and former chief economist of the National Chamber of Commerce (CNC) in Rio de Janeiro, Brazil, Brazil is leading the way in the design of digital currencies. He is optimistic about the agency's new initiatives. Brazil is a little ahead, he said, because not every country has a Drex, and not every country has a Pix.

Golden Finance reports that Brazil’s securities regulator Comissão de Valores Mobiliários (CVM) plans to launch its second regulatory sandbox program in 2024. Speaking at Rio Innovation Week, Daniel Maeda, head of institutional investor regulation at the CVM, said the regulator will explore a regulatory sandbox for tokenization use cases, possibly starting in 2024. Maeda said the regulator is working to launch a second sandbox program following positive experiences with tokenizing approximately $36 million in assets. The person in charge added that the CVM plans to wait for the implementation of changes related to the Brazilian cryptocurrency market, including changes to the country’s central bank digital currency Drex.

PANews reported on October 1 that according to Cointelegraph, Brazil is launching a new national identity plan supported by blockchain technology. Rio de Janeiro, Goiás and Paraná will be the first states to issue identity documents on-chain via a private blockchain developed by Brazil’s national data processing service Serpro. It is expected that by November 6, Brazil should be able to issue identity documents through blockchain technology nationwide. According to the local government, the national identification project is critical to combating organized crime, allowing government departments to collaborate, providing easier access to services, and streamlining administrative records. The Argentinian city of Buenos Aires recently revealed a similar initiative that allows residents to access ID documents through a digital wallet. Over the past few years, Brazil has been working to unify identity issuance across nearly 30 states. The announcement stated that the newly adopted technology will make data exchange between the Federal Tax Service and government departments more secure.  

Golden Finance reported that the Brazilian government recently announced that more than 214 million Brazilians will soon use blockchain technology for digital identification. Rio de Janeiro, Goiás and Paraná will be the first states to issue identity documents on-chain via a private blockchain developed by Brazil’s national data processing service Serpro. A decree issued on September 25 said that by November 6, identity documents should be issued nationwide through blockchain technology. Serpro President Alexandre Amorim said that the immutable and decentralized nature of blockchain makes it an ideal technology for the country’s digital identification project. Blockchain technology plays a key role in protecting personal data and preventing fraud, providing Brazilian citizens with A more secure digital experience, leveraging the b-Cadastros blockchain platform to significantly enhance the security and reliability of the national ID card project.

Jinse Finance reported that a hospital in Rio Grande do Sul, Brazil, has become the first hospital in the country to accept cryptocurrency payments. The hospital is the Roland Hospital Foundation (FHR), a large general hospital in the city of Roland. Patients at FHR, the oldest hospital in the city, will now be able to use cryptocurrencies to settle their medical bills, pay for outpatient treatments, and purchase medicines. The city has a population of around 22,000 but has become a hotspot for cryptocurrency adoption. About 120 merchants and service providers in the city accept bitcoin (BTC) and other crypto assets for payment.