Crypto Market Update: BTC Hits $66K, TVL Dips, Fundraising Soars Amid Hacks
The cryptocurrency market is buzzing with activity, reflected in the Total Value Locked (TVL) on L2 Beat. Currently, the TVL stands at $9.98 billion, a slight dip from yesterday's $10.01 billion. Leading the pack, Arbitrum holds $3.16 billion, showing a minor increase of 0.19% from the previous day. Base follows with $1.74 billion, marking a 0.31% rise. On the flip side, Blast saw a decline of 0.44%, bringing its TVL to $1.31 billion. Optimism and Linea also experienced slight drops, with TVLs of $770.47 million and $721.68 million, respectively.
Bitcoin (BTC) is making headlines as bulls push the price toward $66,000. Currently, BTC is priced at $65,794, up from $63,984 yesterday, marking a new one-month high. Ethereum (ETH) also shows positive movement, trading at $3,465 compared to yesterday's $3,432.
In the fundraising arena, today's total funding amounts to $45.80 million. The biggest rounds include Allium with $16.50 million, Chainbase with $15.00 million, and Zivoe securing $8.35 million. This adds to a cumulative fundraising total of $82.05 million for the current week.
However, the market isn't without its hiccups. WazirX and Liminal Custody are embroiled in a blame game following a $230 million crypto exploit, leaving customers stranded. The dispute centers around multisig wallets, adding a layer of complexity to the situation.
In other news, Scroll-based DeFi lending protocol has halted operations amid an investigation into a $7.5 million hack. This exploit has shaken confidence in the protocol, which was Scroll's third-biggest lending platform.
Meanwhile, Protocol Village is making waves with new 'Smart Accounts' from Cosmos-based Osmosis, enabling 1-click trading. This development is part of the latest blockchain tech upgrades, funding announcements, and deals for the period of July 18-24.
Crypto exchange Binance has also made headlines by adding Gravity’s G Token to its Simple Earn, Buy Crypto, Convert, and Margin services. This addition aims to offer more flexibility and options to its users.
