Crypto Market Update: TVL Drops to $9.90B, Bitcoin and Ethereum Prices Fall
The cryptocurrency market has seen some notable shifts recently. The Total Value Locked (TVL) on L2 Beat currently stands at $9.90B, down from $10.28B yesterday.
Breaking down the TVL of the top-5 Layer 2 networks:
- Arbitrum: $3.02B, decreased by 3.39% from yesterday
- Blast: $2.09B, decreased by 3.73% from yesterday
- Base: $1.69B, decreased by 5.19% from yesterday
- Optimism: $751.68M, decreased by 4.39% from yesterday
- Linea: $655.99M, decreased by 2.78% from yesterday
Bitcoin (BTC) is currently priced at $66,911, down from $69,481 yesterday. Ethereum (ETH) is trading at $3,517, down from $3,666 yesterday.
On the fundraising front, a total of $38.30M was raised today. The biggest rounds include:
- Nexus Laboratories: $25.00M
- Squads: $10.00M
- Zyfi: $2.00M
The cumulative fundraising over this week stands at $38.30M.
In other news, Polygon has launched a $720M Community Treasury aimed at funding blockchain projects, especially within the Polygon and Ethereum ecosystems. This move is expected to boost developer engagement and innovation.
Nexus Labs has secured $25M in a Series A round to scale verifiable computation. This funding round was co-led by Lightspeed and Pantera, marking a significant milestone for the zero-knowledge firm.
Tether plans to invest over $1B in deals over the next year, according to Bloomberg. This signals Tether's aggressive strategy in expanding its influence within the crypto market.
Metaplanet has rallied 10% following its third Bitcoin purchase since April 23. The firm now holds 141.07 BTC, worth over $9.6M.
Meanwhile, Apple’s stock is nearing an all-time high amidst growing investor optimism about its upcoming AI push at WWDC.
