Cryptocurrency Market Update: Layer 2 TVL Drops to $7.87B Amid Bitcoin and Ethereum Price Gains
The cryptocurrency market is experiencing notable shifts as the total value locked (TVL) on Layer 2 networks has dipped to $7.87 billion from $8.00 billion yesterday. This decline reflects a broader trend across the top Layer 2 networks.
Top Layer 2 Networks' TVL
- Base: $3.38 billion, down 1.62% from yesterday.
- Arbitrum: $2.94 billion, down 1.81% from yesterday.
- Mantle: $442.90 million, down 1.14% from yesterday.
- Blast: $321.29 million, down 1.60% from yesterday.
- Linea: $268.91 million, down 1.72% from yesterday.
Current Prices
Bitcoin (BTC) is trading at $102,031, a slight increase from $101,133 yesterday. Meanwhile, Ethereum (ETH) has risen to $3,100 from $3,069.
Fundraising Activity
Today, the crypto space has seen a total funding amount of $105.16 million. The biggest rounds include:
- Bluwhale: $75 million
- Sign: $16 million
- pod: $10 million
This brings the cumulative fundraising for the current week to $196.06 million.
Recent Developments
The Czech National Bank Governor has proposed a plan to invest up to 5% of its reserves in Bitcoin, which could lead to an acquisition of approximately $7.3 billion in BTC. This move aims to diversify the bank's asset allocation.
In other news, OpenAI has launched ChatGPT Gov, a tailored AI chatbot designed for U.S. government agencies, enhancing their access to advanced AI models.
Digital Currency Group has spun off its crypto mining subsidiary, Fortitude, from Foundry, marking a strategic shift within the organization.
Additionally, Microsoft is reportedly investigating a group tied to DeepSeek over suspicious data extraction methods from OpenAI’s API, raising concerns about data security.
On a positive note, Coinbase has gained approval to expand its service offerings in Argentina, enabling local payment methods and services in Argentine pesos.
