Cryptocurrency Market Sees TVL Surge, Bitcoin and Ethereum Prices Climb, and ETF Buzz Grows
The cryptocurrency market has seen notable movements recently, with the Total Value Locked (TVL) on L2 Beat experiencing an uptick. Currently, the TVL stands at $9.32 billion, up from $8.93 billion yesterday.
Among the top Layer 2 (L2) networks, Arbitrum leads with a TVL of $3.01 billion, showing a slight increase from yesterday’s 3.88%. Base follows with $1.53 billion, up from 4.09% yesterday. Blast holds $1.29 billion, a marginal rise from 3.92% yesterday. Optimism has $723.07 million, a notable increase from 5.01% yesterday, while Linea rounds out the top five with $707.89 million, up from 5.16% yesterday.
Bitcoin (BTC) has also shown positive movement, with its price rising to $63,001 from $61,061 yesterday. Ethereum (ETH) follows suit, now priced at $3,366, up from $3,258 yesterday. Ethereum's significant inflows since March indicate strong investor confidence, especially with the anticipation of a spot Ethereum ETF launch.
In the realm of fundraising, no new funding rounds were recorded today due to the weekend. However, cumulative fundraising over the current week has reached $17.50 million.
In other news, a Cambodian payments firm reportedly received $150,000 from North Korean hackers associated with the Lazarus wallet, according to Reuters. The crypto was stolen from three companies in June and July last year.
BlackRock has surpassed a record $10.6 trillion in assets under management (AUM), bolstered by ETF inflows at the beginning of the year. This milestone underscores the growing interest in ETFs among investors.
There is a buzz in the crypto community over rumors that China might lift its Bitcoin ban by Q4 2024. This speculation has stirred excitement among market participants and industry leaders.
Lastly, Fileverse has unveiled ddocs, a new competitor to Google Documents, aiming to offer a decentralized alternative for document management.
