Crypto Market Sees Minor TVL Dip, Major Fundraising, and New Developments in Blockchain
The cryptocurrency market is navigating a complex landscape marked by fluctuating Total Value Locked (TVL) on Layer 2 (L2) networks and notable developments in the blockchain sector.
As of today, the total TVL on L2 Beat stands at $9.57B, a slight dip from yesterday's $9.59B. This minor decline is reflected across several top L2 networks:
- Arbitrum: $3.11B, a decrease of 0.14% from yesterday.
- Base: $1.68B, an increase of 0.91%.
- Blast: $1.14B, down by 0.85%.
- Scroll: $742.90M, a drop of 0.24%.
- Optimism: $683.77M, falling by 1.24%.
The cryptocurrency prices have also seen significant movement. Bitcoin (BTC) is currently priced at $63,560, down from yesterday's $65,235. Ethereum (ETH) follows a similar trend, priced at $3,041 compared to yesterday's $3,206.
In the realm of fundraising, today's total stands at $52.63M. The most substantial round was secured by Morpho, which raised $50.00M. Pichi Finance followed with $2.50M, and ZayaAI with $129K. The cumulative fundraising over the current week has reached $104.68M.
Several key developments are shaping the market:
- Livepeer launched its AI Video Startup Program, offering $20,000 grants to selected projects. This initiative aims to boost decentralized AI video technologies and applications.
- Morgan Stanley will offer Bitcoin ETFs to wealthy clients starting Wednesday. This service is available to clients with a net worth of at least $1.5 million.
- Donald Trump's Plan for U.S. Bitcoin dominance suggests a potential digital gold rush. Projections indicate it could contribute $30.6 billion to GDP and create 54,000 jobs by 2028 if the U.S. captures 90% of the global market.
- Lido introduced Lido Institutional, a new liquid staking solution designed for institutional strategies, merging reliability and liquidity.
- Hong Kong broker Futu Securities is offering new customers deposit bonuses in Bitcoin, aiming to attract a new wave of investors.
