Telefonica to add Helium Mobile Hotspots in Mexico, Polygon to Launch Aggregation Layer

Jan 25, 2024
Market Update U.S. equities continue to trade upwards as the economy remains robust while inflation trends lower. Q4 GDP came in at 3.3% vs. 2.0% expected, while weekly jobless claims rose to 214k vs. 200k expected. The SPY and QQQ are both trading approximately 0.2% higher on the day, slightly below all-time highs made yesterday. Crypto markets continue to slide, with $BTC (-0.43%) trading near $39.9k and $ETH (-0.73%) trading around $2,200 as the SEC delayed a decision on Blackrock’s spot Ether ETF application. The next deadline for Blackrock’s application is March 10th, which is expected to result in another delay. Bittensor ($TAO) is a notable outperformer this week, gaining 35.60% amid most altcoins showing significant declines. Decentralized AI is anticipated to be one of the big narratives in 2024, and Bittensor will be a name to keep an eye on.Telefonica, a global leader in telecommunications, is partnering with Nova Labs to launch Helium Mobile hotspots in Mexico. Telefonica is a $20+ billion company with over 383 million customers across Latin America and Europe. Telefonica and Nova Labs built a solution based on the OpenWifi standard developed by the Telecom Infra Project (TIP), allowing customers to access the Helium Mobile Network using their Movistar SIM card

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