Crypto Market Sees Growth: Bitcoin, Ethereum Up; Dubai Court Recognizes Crypto Salaries
The cryptocurrency market is buzzing with activity, reflecting both stability and growth. The total value locked (TVL) on Layer 2 (L2) solutions has seen a slight uptick, with current TVL at $8.05 billion, up from $8.02 billion yesterday.
Among the top L2 networks, Arbitrum leads with a TVL of $2.67 billion, an increase of 0.33% from the previous day. Base follows with $1.48 billion, showing a 0.72% rise. Blast's TVL stands at $854.90 million, a minor dip of 0.13%. Scroll has surged by 0.95%, reaching $643.64 million, while Optimism has edged up by 0.13%, totaling $588.14 million.
Bitcoin (BTC) has experienced a slight price increase, now standing at $59,421 compared to $58,945 yesterday. Ethereum (ETH) also saw a modest rise, from $2,594 to $2,608.
In the fundraising arena, today's total funding amounts to $33.50 million. Notably, WSPN secured a significant $30.00 million, while CrunchDAO raised $3.50 million. The cumulative fundraising for the current week has reached an impressive $202.40 million.
In recent news, Monero veterans are gearing up to launch the Tari token, which promises easier mining for newcomers compared to Bitcoin. The Tari Universe aims to facilitate at-home mining, thereby attracting the next generation of crypto users.
Crypto education startup PiP World has made headlines by acquiring the popular 'Roblox' stock trading game, StockRise. Company executives have outlined plans to integrate crypto education within the game, leveraging its existing user base.
The surge in Nvidia's stock price, now surpassing $3.335 trillion, underscores the potential of AI technology. Nvidia's rise, driven by the generative AI boom, has propelled it past Microsoft to become the largest-listed U.S. company by market value. This trend has also sparked interest in AI trading software for Bitcoin investments.
In a landmark decision, a Dubai court has recognized crypto salaries, setting a new precedent that contrasts with a 2023 ruling. This decision is expected to have far-reaching implications for the adoption of cryptocurrency in the region.
Meanwhile, Google has launched Imagen 3, intensifying the competition in the AI image generator space. Available for testing on ImageFX, Imagen 3 is set to rival MidJourney, Flux, and Dall-E 3.
