PANews reported on March 31 that, according to its official blog, Animoca Brands launched AliBAE, an AI-powered content creation platform powered by Alibaba Cloud's Tongyi Qianwen model. Employing a "build-as-you-go" model, AliBAE allows creators to produce AI-assisted content and applications, earning CHECK token rewards based on the quality of their work and their community contributions. The platform is now open for early access, initially launching two events: Animoca Minds and King's Gambit, offering a total bounty pool of 100,000 CHECK tokens.



Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday. The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction. “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more