Crypto Market Sees TVL Growth, Bitcoin & Ethereum Dip, Polygon Recovers from Phishing
The cryptocurrency market is witnessing significant fluctuations and developments. The Total Value Locked (TVL) on L2 Beat has seen an increase, standing at $8.56 billion today, compared to $8.28 billion yesterday. This growth indicates a rising interest in Layer 2 solutions.
Among the top Layer 2 networks, Arbitrum leads with a TVL of $2.85 billion, slightly down from yesterday’s $2.87 billion. Base follows with a TVL of $1.60 billion, a considerable drop from yesterday’s 3.70%. Blast has a current TVL of $893.16 million, down from 3.53% yesterday. Scroll shows a TVL of $731.09 million, a decrease from 3.81%, while Optimism stands at $652.77 million, down from 4.73% yesterday.
Bitcoin (BTC) is currently priced at $64,010, a slight decrease from $64,102 yesterday. Ethereum (ETH) is trading at $2,761, down from $2,768 yesterday.
Fundraising activities have paused for the weekend, with no new funding rounds reported today. However, the cumulative fundraising over the current week has reached $324.40 million. Notably, Ark Labs raised $2.5 million in a pre-seed funding round led by Tim Draper, aiming to enhance seamless and scalable payments on Bitcoin.
In other news, Polygon has successfully recovered its Discord server after a phishing attack linked to a fake POL token. This incident occurred amidst heightened interest in Polygon's upcoming migration from MATIC to the new POL token.
Ethereum co-founder Vitalik Buterin has highlighted Ethereum’s strengths and announced an AI event at an upcoming conference in November. He emphasized that the discussions would extend beyond crypto topics.
Benzinga’s recent analysis included bullish and bearish outlooks on popular stocks, with a spotlight on Nvidia. Goldman Sachs is optimistic about Nvidia due to strong AI demand and Data Center growth. Additionally, the anticipation of potential interest rate decreases, hinted at by Federal Reserve Chair Jerome Powell, has positively influenced the stock market, contributing to gains in major averages.
Moreover, an international research study has shown promising results in using virtual reality and AI to treat mental health issues such as anxiety, depression, and PTSD.
