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Today’s Cryptocurrency Headline
Parallel Finance successfully won the fourth parachain slot in Polkadot. More than 30,000 contributors have staked a total of 10.75 million DOT tokens during the fourth round of the auction. It is expected to go live on mainnet on December 17, 2021. Parallel Finance is a decentralised money market protocol that offers lending, staking and borrowing in the Polkadot ecosystem.
BingX’s Bitcoin Chart
The US Bureau of Labor Statistics reported that the Consumer Price Index (CPI) rose to 6.8% in November from 6.2% in October, which is the highest level since 1982. The CPI (YoY) increase was in line with the economist forecast. BTC price went up by $1,200 after the announcement, but fell to around $48,000 within a few hours as more traders started to worry that the Federal Reserve will raise the interest rate.
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