Bitcoin and Ethereum Prices Surge Amidst $254.5M Weekly Crypto Fundraising and Major Deals
Cryptocurrency Market Update
The total TVL on L2 Beat stands at $8.87B, down slightly from $8.90B yesterday. Among the top L2 networks, Arbitrum leads with a TVL of $2.75B, reflecting a 0.44% increase. Base follows with $1.56B, showing a 3.30% drop. Blast has $1.55B, down by 1.61%. Linea's TVL is $695.90M, up by 2.28%, while Optimism sits at $679.01M, up 0.70%.
Bitcoin's price has risen to $61,671 from $60,790 yesterday. Ethereum also saw an uptick, now at $3,445 from $3,366.
Today's fundraising totals $47.00M, with ORA securing the largest round at $20.00M. Crossover Markets Group raised $12.00M, and Redacted garnered $10.00M. The cumulative fundraising for the current week stands at $254.50M.
Bitcoin miner CleanSpark is set to acquire peer GRIID in a $155M all-stock deal, approved by both companies' boards. JPMorgan projects that Mt. Gox creditors are likely to sell part of their bitcoin receivables next month.
Fund manager VanEck has filed for a Solana ETF in the US, asserting that SOL is a commodity. Meanwhile, crypto losses due to hacks and scams have surged to $573 million in Q2, according to Immunefi.
Rarimo has launched RariMe, a competitor to Worldcoin. This app allows users to generate passport zero-knowledge proofs (ZKPs) to verify individual uniqueness without revealing their identity.
