Crypto Market Surges: Bitcoin Nears $60K, Arbitrum TVL Tops $2.6B, Robinhood Earnings Up
The cryptocurrency market is buzzing with activity, marked by rising TVL figures and significant price movements. The total TVL on L2 Beat stands at $7.80B, up from $7.70B yesterday.
Among the top Layer 2 networks, Arbitrum leads with a TVL of $2.62B, reflecting a 1.00% increase from yesterday. Base follows with $1.37B, showing a 1.44% rise. Blast's TVL is $835.71M, down by 0.20%. Scroll's TVL is $610.85M, a 1.76% increase, and Optimism's TVL is $569.72M, down by 0.45%.
Bitcoin (BTC) is trading at $59,458, up from $55,119 yesterday. Ethereum (ETH) is priced at $2,506, an increase from $2,341.
Fundraising in the crypto space today totals $46.50M. The biggest rounds include Andrena and Andrena (DAWN) with $18.00M each, and DeAgentAI with $6.00M. The cumulative fundraising for the week is $83.29M.
In recent news, Optimism has rewarded core Ethereum developers with over 8.5M OP tokens through Retro Funding, initiating its fifth round. This allocation benefits Protocol Guild, Solidity, and other key projects.
Franklin Templeton has launched a tokenized money fund on Arbitrum, receiving a nod from U.S. regulators, signaling a significant endorsement for the Layer 2 network.
Robinhood's Q2 2024 earnings soared to $682 million, driven by a $81 million rise in crypto revenue, highlighting the growing interest and investment in digital assets.
Gyroscope has introduced a yield-bearing version of its stablecoin, targeting over a 10% yield. This Galaxy-backed project aims to attract DAO treasuries to allocate in their new stablecoin.
Io.net has expanded its partnership with Leonardo AI to support inferencing workloads on its platform, offering enterprise-grade L40S GPUs to meet the growing demand for AI content production services.
