Layer-2 TVL Steady at $8.05B, Bitcoin and Ethereum Dip, Kredete Raises $2.25M
Total Value Locked (TVL) on L2 networks remains steady at $8.05 billion, showing no change from yesterday. The top Layer-2 networks have exhibited minor fluctuations in their TVL figures.
- Arbitrum: $2.68 billion (down 0.22% from yesterday)
- Base: $1.52 billion (unchanged from yesterday)
- Blast: $804.85 million (down 0.23% from yesterday)
- Scroll: $703.12 million (up 1.33% from yesterday)
- Optimism: $596.83 million (up 0.15% from yesterday)
Bitcoin's price has dipped slightly to $58,997 from $59,107, while Ethereum has also seen a small drop to $2,518 from $2,526.
In the fundraising arena, Kredete has secured $2.25 million today, contributing to a cumulative total of $185.22 million raised this week.
Meanwhile, a significant $9.58 billion has flowed into US bond funds as global markets gear up for anticipated Federal Reserve rate cuts. According to Reuters and LSEG data, the week ending August 28th saw a total of $17.69 billion invested in global bond funds.
Telegram has revealed in its financial statement that it holds $400 million in cryptocurrency, backed by around four million premium users by the end of 2023.
Babylon is making waves with its announcement of native BTC staking for Bitcoin Layer-2 networks. The company aims to become the security backbone of Bitcoin’s Layer-2 economy, according to co-founder David Tse.
Microsoft has issued a serious warning about an ongoing zero-day security exploit targeting the code base behind Google Chrome.
Coinbase has announced its first AI-to-AI crypto transaction on the Base Sepolia network, marking a significant milestone in the integration of AI within the crypto economy.
