ChainCatcher message, Ethereum co-founder Vitalik Buterin stated on social media that, in my opinion, insurance DAOs are underrated. A group of N people concerned about similar risks pools their funds together and agrees to provide coverage for anyone who suffers from those risks. The symmetric model ensures that the imbalance of interests is minimized.If needed, the DAO can still hire professional claims judges, but their incentives are fair and just, as no participant knows whether the next beneficiary will be themselves.Similar models have existed in the past and still exist in some places today.

ChainCatcher news, according to Cointelegraph, cryptocurrency hedge fund Asymmetric founder and CEO Joe McCann stated that a 25 basis point rate cut could be detrimental to the cryptocurrency market. McCann believes, "If the Federal Reserve cuts rates by 25 basis points, the stock market will be severely impacted. Cryptocurrencies may fall as well. The reason is that, assuming a 50 basis point cut, the stock market would be at historical highs."McCann stated that if the Federal Reserve cuts rates by 50 basis points, this could have a positive impact on risk assets such as cryptocurrencies.

ChainCatcher news, multi-chain DEX Symmetric announced on X platform that its Symmetric v3 version has been launched on Meter. In the first week after launch, early bird incentives will provide vmSYMM adopters and liquidity providers with $1000 worth of mSYMM and $1000 worth of MTRG tokens.According to the RootData page, Meter.io is a decentralized Ethereum network scaling solution that integrates the advantages of PoW and PoS, using PoW to mint stablecoins connected to electricity prices, and processing transactions with PoS based on HotStuff consensus, while resisting MEV and transaction front-running. Meter.io aims to become a highly decentralized and high-performance Ethereum sidechain.