Layer 2 TVL Hits $8.22B, Bitcoin and Ethereum Prices Surge Amid Market Shifts
The cryptocurrency market is witnessing a dynamic shift, with the Total Value Locked (TVL) on Layer 2 solutions showing a notable increase. As of today, the TVL on L2 Beat stands at $8.22 billion, up from $8.05 billion yesterday.
Among the top Layer 2 networks, Arbitrum leads with a TVL of $2.72 billion, reflecting a 2.02% increase from yesterday. Base follows with $1.50 billion, marking a 1.32% rise. Blast has secured $875.62 million, a 2.42% uptick. Scroll and Optimism recorded $656.76 million and $601.21 million, respectively, with Scroll showing a 2.04% increase and Optimism a 2.22% rise.
Bitcoin's price has also seen an uptick, currently priced at $59,871, up from $59,428 yesterday. Ethereum follows suit, with its price rising to $2,672 from $2,613.
Despite it being the weekend, the cumulative fundraising for the week has reached $202.40 million. No new funding rounds are reported today.
In related news, VanEck suggests that Bitcoin miners could potentially gain $13.9 billion yearly by shifting 20% of their energy capacity to AI and High-Performance Computing (HPC) sectors. This strategy could enhance profitability and improve miners' financial health.
Elon Musk has voiced his concerns about inflation, attributing the rising prices in the US to the federal government's budget deficit. He expressed his willingness to join a government efficiency commission to address this issue.
Toncoin's price is currently on an uptrend, but over $5 billion worth of profits could be at risk if selling pressure increases.
The Central Bank of Ghana has released draft guidelines for crypto exchanges and is seeking public feedback on these regulatory proposals.
In a technological leap, a Swiss tech firm has launched a rental service for AI made of human brain cells. These organoids have a lifespan of about 100 days, after which the AI ceases to function.
