PANews reported on August 6th that Animoca Brands announced a partnership with AMGI Studios, creators and developers of the blockchain game "My Pet Hooligan," yesterday, according to its official blog. Furthermore, Animoca Brands has begun acquiring additional KARRAT tokens from the open market; KARRAT is the utility and governance token used by AMGI Studios.
Animoca Brands will leverage its expertise to support Studio Chain, an upcoming Layer 2 blockchain for games and media. Animoca Brands will also advise AMGI Studios on My Pet Hooligan's marketing strategy and token economics, and provide liquidity for the KARRAT token.
Coingecko data shows that as of the time of writing, the KARRAT token has risen by 37% in the past 24 hours.

Analysts say the crypto market has already priced in Wednesday's interest rate cut, but the Federal Reserve remains divided on an additional cut in December. The Federal Reserve Open Market Committee (FOMC) announced a 25 basis point interest rate cut on Wednesday, bringing the target Federal Funds rate down to 3.75%-4%.Wednesday’s rate cut was “fully priced in” by investors, who widely anticipated the decision, according to Matt Mena, a market analyst at investment company 21Shares. Mena also forecast:Asset prices remained flat or fell by modest amounts on Wednesday following the FOMC decision, with the price of Bitcoin (BTC) falling by about 2.4% at the time of writing, following Federal Reserve Chair Jerome Powell’s comments signaling that FOMC members are divided on a December rate cut. Read more

