Nvidia Tops Microsoft, Crypto TVL Surges, SEC Closes Ethereum 2.0 Probe, Fundraising Booms
The cryptocurrency market is experiencing notable shifts. Total TVL on L2 Beat has risen to $9.65B from $9.39B yesterday, indicating growing interest and activity in Layer 2 solutions.
Arbitrum leads the pack with a TVL of $2.97B, up from 2.82% yesterday. Blast follows, though its TVL has dropped to $2.09B from 2.87%. Base holds $1.62B, down from 3.78%. Optimism's TVL is now $724.43M, down from 5.17%. Linea rounds out the top five with $674.32M, down from 2.21% yesterday.
Bitcoin's price stands at $64,887, a slight dip from $65,058 yesterday. Ethereum, however, has seen a rise, now priced at $3,517 compared to $3,475 yesterday.
Today's fundraising efforts have amassed a total of $29.00M. Renzo secured the largest round with $17.00M, followed by Sonic at $12.00M. This brings the cumulative fundraising over the current week to $32.00M.
Nvidia has flipped Microsoft to become the world's most valuable company, with a market cap hitting $3.34 trillion. This surge is driven by Nvidia's focus on AI and expanded robotics research.
Bernstein predicts that spot Bitcoin ETFs are near approval at major wirehouses, maintaining a $200,000 target for Bitcoin by the end of 2025.
Bondex, a crypto-fueled LinkedIn rival, has raised over $10 million, positioning itself as a web3 alternative that rewards users with crypto.
In a significant development, the U.S. SEC has closed its investigation into Ethereum 2.0, marking a major win for the industry, as noted by Consensys.
Nomura's crypto arm, Laser Digital, has secured a license in Abu Dhabi, citing the region's innovation-friendly crypto regulations as a key factor in its expansion.
