Cryptocurrency Market Sees Rise in Layer 2 TVL: Bitcoin and Ethereum Update Inside!
The cryptocurrency market shows a slight uptick in total value locked (TVL) across layer 2 networks. As of now, the total TVL on L2 Beat stands at $6.37 billion, up from $6.31 billion yesterday.
Breaking down the top five layer 2 networks, Base leads with a TVL of $2.89 billion, reflecting a growth of 1.49% since yesterday. Following closely is Arbitrum with a TVL of $2.55 billion, marking a modest increase of 0.40%. Other notable networks include Mantle at $272.67 million (+1.12%), Linea at $192.55 million (+1.98%), and Blast at $167.31 million (+1.30%).
In the broader cryptocurrency market, Bitcoin (BTC) is currently priced at $85,137, down from $85,817 yesterday. Ethereum (ETH) follows suit, trading at $2,197, a slight decrease from $2,209 the previous day.
As for fundraising activities, there are no significant rounds reported today due to the weekend. However, the cumulative fundraising for the current week stands at $545.07 million.
In related news, Robert Kiyosaki has raised alarms about a potential global financial meltdown, recommending Bitcoin as a safe haven. He urges investors to consider Bitcoin, gold, and silver as protective measures against economic instability.
On the regulatory front, there are developments in AI governance. Xie Feng, a Chinese ambassador, emphasizes the need for cooperation between China and the US to manage AI technologies responsibly. He warns against the dangers of unchecked AI development, calling for global governance to avoid risks. In Hong Kong, new guidelines on AI development and application are expected to be released soon, highlighting the role of start-ups in advancing the innovation and technology (I&T) sector.
Additionally, the CME Group is set to launch new futures contracts for Solana (SOL) this month, indicating growing interest in this smart contract platform.
In a separate incident, T-Mobile has announced a significant settlement of $350 million for customers affected by a massive data breach, which underscores the ongoing challenges in the tech sector.
