PANews reported on April 17 that, according to Chainwire, Ontology announced the launch of a $10 million fund, which is distributed in the form of ONT and ONG Token, aiming to accelerate the adoption, education, and development of decentralized identifier (DID) solutions. The program aims to foster innovation in four key areas: DID education, ONT ID technology tutorials, ONT ID adoption, and ONT ID-based building.

Su-Lin Ong, chief economist at Royal Bank of Canada in Sydney, said Tuesday's rise in U.S. and Australian government bond yields may reflect both concerns about pricing in aggressive rate cuts and the possibility that the Red Sea conflict could refuel supply chain issues. Ong said higher yields could reflect the spillover effect of some hawkish comments from the Central Bank last night, with eurozone yields moving higher and the yield curve flattening. Markets have largely priced in rate cuts from the G7 excluding Japan, especially for the US, so there is some risk of disappointment. The situation in the Red Sea may also be at play, she said. Ong added that ongoing tensions could disrupt the supply chain, raising freight costs if ships need to avoid this route, which could increase price pressures.

Current price of ETH: $1,889.89, 24-hour change +1.01%; BTC current price: $30,730.20, 24-hour change +1%; FTT current price: $1.64, 24-hour change +15.58%; LQTY current price: $1.04, 24-hour Change +15.78%; ONG current price: $0.3607, 24-hour change +55.34%; GT current price: $4.32, 24-hour change +0.69%.

RBC chief economist Su-Lin Ong said in a Friday research note that given recent changes, including today's minimum wage decision, RBC expects the RBA to hike rates in June and July respectively. 25 basis points, raising the terminal interest rate forecast to 4.35% from the current 3.85%. Australia's minimum wage will increase by 5.75% after the Australian Fair Work Commission announced today the results of its wage review. Su-Lin Ong said the decision added to the already challenging labor cost situation, "After today's wage decision, we have considered the prospect of a rate hike next week. If the RBA chooses to pause again next week rate hikes, then there will likely be rate hikes in July and August."