The global cryptocurrency market has seen a 2% rise over the past 24 hours, pushing the total market capitalization to $2.11 trillion, with a daily trading volume of $86 billion. Most of the top 100 coins are showing positive momentum, with only a few seeing declines.
Helium (HNT) leads the losses, down 5.7% to $7.89, followed by Maker (MKR) at a 3% drop to $1,594. On the other hand, Artificial Superintelligence Alliance (FET) is the day’s top gainer, soaring 10.3% to $1.27. Fantom (FTM) and Dogwifhat (WIF) also saw significant gains, rising 9.4% and 9.1% respectively.
Among the top 10 cryptocurrencies by market cap, all are in the green. Dogecoin (DOGE) leads with a 5.7% rise to $0.10389, followed by Solana (SOL) up 3.9% to $134.76, and Bitcoin (BTC) with a 3.4% increase to $57,233. Ethereum (ETH) saw the smallest increase at 1.1%, now priced at $2,356.
Bullish Momentum for Bitcoin ETFs
Bitcoin’s recent price increase has raised speculation about a potential shift in sentiment, with some experts suggesting that BTC’s bullish momentum may be fading. However, Bitwise’s Chief Investment Officer, Matt Hougan, noted that financial advisors are embracing Bitcoin exchange-traded funds (ETFs) faster than any other ETFs in history, a sign of growing institutional interest.
Paxos Expands to Arbitrum, Unveils Tokenization Platform
Blockchain infrastructure platform Paxos has announced its integration with Arbitrum, a leading Layer 2 (L2) scaling solution for Ethereum. This marks Paxos’ first integration with an L2 network, aimed at enhancing liquidity and bringing real-world assets (RWAs) on-chain.
According to Paxos’ Head of Strategy, Walter Hessert, the collaboration will help drive institutional adoption of digital assets through Arbitrum’s scalability and security. The partnership is expected to enable enterprises to develop innovative financial products and services leveraging Ethereum’s liquidity.
Telefónica Tech and Privado ID Drive Digital Identity Adoption in Europe
Spanish telecom giant Telefónica Tech has partnered with privacy-focused digital identity platform Privado ID, formerly known as Polygon ID, to develop advanced digital identity solutions across the European Union. Telefónica Tech will integrate Privado ID into its TrustOS managed blockchain service, which will power various digital identity use cases, including age verification and certifications for academic and professional qualifications.
This collaboration comes ahead of the EU’s implementation of the European Digital Identity Regulation (eIDAS2), which requires member states to provide Digital Identity Wallets to their citizens. Privado ID CEO David Schwartz believes the partnership will promote widespread adoption of privacy-preserving digital identity solutions, particularly for corporate clients.
Studio369 Launches MetalCore Season 1: MetalPunk Rhapsody
Game development company Studio369 has launched the first season of its PvP mech shooter game MetalCore, dubbed MetalPunk Rhapsody. With the launch of Season 1, MetalCore transitions to open beta, allowing more players to join the action without needing a beta key or making purchases. The development team has upgraded the game to Unreal Engine 5, optimized performance, and introduced a variety of new features, including PvP bounties, mission content, and seasonal rewards.
This marks the beginning of a new seasonal format for the game, with each season focusing on different factions within the MetalCore universe. Each season will last four weeks, bringing new challenges and rewards for players.
