Cryptocurrency Market Update: L2 Networks Surge, Bitcoin Hits $97K, and Major Fundraising Rounds!

cryptosummary

Feb 15, 2025 — 1 min read

Current Situation in the Cryptocurrency Market

The cryptocurrency market is witnessing notable activity as the total value locked (TVL) across Layer 2 (L2) networks has increased to $7.33 billion, up from $7.26 billion yesterday.

Top 5 L2 Networks' TVL

Base: Current: $3.30B, Yesterday: +1.36%
Arbitrum: Current: $2.87B, Yesterday: +0.73%
Mantle: Current: $359.22M, Yesterday: +0.84%
Blast: Current: $235.47M, Yesterday: +0.12%
Linea: Current: $235.04M, Yesterday: +0.81%

Current Prices

Bitcoin (BTC) is trading at $97,603, a slight increase from yesterday's price of $97,456. Meanwhile, Ethereum (ETH) is priced at $2,691, down from $2,724 yesterday.

Fundraising Activity

Today's total fundraising in the crypto sector has reached $54.50 million. The largest funding rounds include:

HashKey Group: $30.00M
Mango Network: $13.50M
GamerBoom: $9.00M

For the current week, cumulative fundraising totals $140.05 million.

Recent News Highlights

The State of Wisconsin Investment Board has increased its Bitcoin exposure by purchasing shares in BlackRock's ETF, showcasing a significant move towards crypto investment. Similarly, the Mubadala Investment Company, Abu Dhabi’s sovereign wealth fund, has invested $436 million in BlackRock Bitcoin ETF shares.

In a strategic partnership, Tether, a major stablecoin player, has acquired a minority stake in Juventus, a legendary Italian football club. This move signifies the growing intersection between sports and crypto.

In the world of Formula One, Coinbase has partnered with Aston Martin, with the sponsorship deal uniquely paid in stablecoin USDC, highlighting the increasing adoption of crypto in mainstream sports.

On the regulatory front, the SEC has signaled that it will likely drop its lawsuit against Coinbase, potentially allowing the crypto industry to shape future regulations on its own terms.

ETF Market Faces $833M Outflow Amid Bearish Sentiment Despite Bitcoin ETF Renewed Interest

Trend This week, the ETF market experienced a significant outflow of -$833.10M, continuing the trend of negative flows observed over the past seven weeks. The previous week saw an even larger outflow of -$2.95B, indicating a persistent bearish sentiment among investors. Two weeks ago, the outflow

Crypto Investment Weekly Update: $325M Raised, CeFi Leads Amid Decline in Funding

Summary of the Week’s Results Last week, the crypto investment scene raised $325.23M across 26 rounds. This marks a 41.93% decrease in total funds compared to the previous week, along with a 33.33% decline in the number of rounds. Most Active Investors DragonFly Capital led with

Cryptocurrency Market Update: Layer 2 TVL Drops to $6.30B Amid Mixed Signals and Bitcoin Rises

The cryptocurrency market is currently experiencing mixed signals as the total value locked (TVL) in Layer 2 networks has dropped to $6.30 billion, down from $6.49 billion yesterday. This decline reflects the ongoing volatility in the crypto space. Layer 2 Networks Overview Among the top five Layer 2

Layer 2 Networks Surge to $6.49 Billion TVL as Crypto Market Sees Major Shifts and Investments

The cryptocurrency market is experiencing notable shifts as the total value locked (TVL) on Layer 2 networks has increased to $6.49 billion, up from $6.37 billion yesterday. This growth reflects a steady interest in decentralized solutions. Among the top Layer 2 networks, Base leads with a TVL of