Layer 2 TVL Hits $10.01B; Bitcoin and Ethereum Prices Climb Amid Market Optimism
Crypto Market Update
The total value locked (TVL) on Layer 2 solutions has seen a slight uptick, standing at $10.01 billion today compared to $9.88 billion yesterday. Arbitrum leads the pack with a TVL of $3.23 billion, showing a 1.24% increase from yesterday. Base follows with $1.72 billion, up by 1.05%. Blast holds $1.22 billion, marking a 1.45% rise. Scroll's TVL is $770.26 million, with a 1.88% increase, and Optimism rounds out the top five at $739.97 million, up by 1.29%.
Bitcoin (BTC) and Ethereum (ETH) prices have also shown positive momentum. BTC is currently priced at $68,851, up from $67,894 yesterday. ETH is trading at $3,282, a slight increase from $3,277.
Today's fundraising activities have been noteworthy, with a total of $9.50 million raised. The largest round was by Mezo, securing $7.50 million, followed by LayerPixel with $2.00 million. This adds to the cumulative fundraising of $210.51 million over the current week.
In other news, a major data breach has affected 7,640,112 customers of Evolve Bank & Trust, exposing sensitive information such as names, Social Security numbers, locations, and bank account numbers. This breach is part of a larger hack impacting multiple financial institutions.
Grayscale Ethereum Trust ETF has hit a historic net outflow of $1.5 billion. If the current rate of outflows continues, ETHE's ether reserves could be depleted within weeks.
Microsoft Bing has added AI to its search results, following Google's lead. This new feature, currently in limited release, will organize search results and feature prominent links to external sites.
A low-cap altcoin, Coti (COTI), has surged by more than 27% this week due to its involvement in a central bank digital currency (CBDC) project. Coti is trading at $0.118, up from $0.0929 a week ago.
Lastly, the state of Michigan is expanding its guaranteed income program, Rx Kids, with an additional $20 million in funding. This program, initially launched in Flint, will now extend to five counties in the eastern Upper Peninsula, providing direct, no-strings-attached payments to struggling families.
