PANews reported on September 16th that, according to The Block , the cross-chain trading protocol Velora (formerly ParaSwap ) has officially launched its new token, VLR . Effective immediately, PSP will lose its governance, staking, and rewards functions. Starting September 16th , users can migrate PSP , sePSP1 , and sePSP2 to VLR at a 1:1 ratio, gas -free. The migration window will be open for at least one year, and those migrating before December 16th will receive additional VLR rewards. VLR utilizes a unified staking mechanism and a rewards mechanism tied to protocol revenue, marking a comprehensive upgrade of Velora's governance and brand. Velora's cumulative trading volume has exceeded $ 125 billion, with monthly trading volume reaching $ 7 billion in August .PANews reported on September 16th that, according to The Block , the cross-chain trading protocol Velora (formerly ParaSwap ) has officially launched its new token, VLR . Effective immediately, PSP will lose its governance, staking, and rewards functions. Starting September 16th , users can migrate PSP , sePSP1 , and sePSP2 to VLR at a 1:1 ratio, gas -free. The migration window will be open for at least one year, and those migrating before December 16th will receive additional VLR rewards. VLR utilizes a unified staking mechanism and a rewards mechanism tied to protocol revenue, marking a comprehensive upgrade of Velora's governance and brand. Velora's cumulative trading volume has exceeded $ 125 billion, with monthly trading volume reaching $ 7 billion in August .

                                                                               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