Treasury Yields Weigh on ADA and LINK, Remittix Tests PayFi App

The cryptocurrency market is being influenced by rising Treasury yields, which can make investors more selective and potentially weigh on speculative crypto valuations.

Cardano's recent development report detailed its work on the Leios protocol, Plutus, and scaling stack, which is crucial for attracting applications that users actually revisit.

Chainlink's oracle and cross-chain tools help applications use external data and move information between networks, which matters as tokenized assets and banking experiments expand.

Remittix, a project aimed at converting digital assets into spendable local money, is testing its PayFi app with the first 1,000 invited users before its scheduled November 24 debut.

The project has raised over $32 million from more than 40,000 participants toward its $36 million hard cap, with RTX currently priced at $0.23 and a planned final presale tier of $0.46.