Crypto Market Sees TVL Drop, Bitcoin and Ethereum Prices Decline, Major Fundraising News
Crypto Market Update
The cryptocurrency market has seen notable shifts over the past 24 hours. Total Value Locked (TVL) on L2 Beat dropped from $9.10B yesterday to $8.85B today.
Examining the top-5 L2 networks, Arbitrum leads with a TVL of $2.79B, reflecting a -2.29% change from yesterday. Base follows at $1.50B, down by -3.71%. Blast's TVL stands at $1.33B, a -4.19% decrease. Linea and Optimism have TVLs of $736.50M and $697.27M, respectively, with changes of -2.48% and -2.12%.
Bitcoin (BTC) is currently priced at $60,108, down from $62,018 yesterday. Ethereum (ETH) also saw a decline, with its price dropping from $3,418 to $3,300.
In the realm of fundraising, today saw a total of $577.35M raised. The most significant rounds include Iris Energy with $413.40M, Sentient with $85.00M, and Lombard with $16.00M. This brings the cumulative fundraising for the current week to $599.85M.
Polkadot has announced the launch of its Ledger application, aimed at enhancing ecosystem interoperability. This new application will allow users to interact with Polkadot and its parachains within a single interface.
Consensys has acquired Wallet Guard to bolster MetaMask's security. The integration aims to mitigate user fund losses amid rising Web3 threats. The entire Wallet Guard team will join Consensys within the MetaMask Product Safety Team.
A report from Galaxy indicates a rebound in the crypto venture capital market extending into the second quarter. The median pre-money deal valuation has surged to $37 million, suggesting increased competition and FOMO among investors despite limited investment capital.
Lastly, Biden's odds of dropping out surged to almost 80% on Polymarket following a New York Times report.
