Why Is the Crypto Market Down Today?
The global cryptocurrency market experienced a decline of 1.1% over the past 24 hours, bringing the total market capitalization down to $2.34 trillion. During the same period, total crypto trading volume reached $60.8 billion. A majority of the top 100 cryptocurrencies by market cap saw losses, with Brett (BRETT) leading the decline, falling 3.7% to $0.09259. Polygon (MATIC) also dropped 3%, now trading at $0.5207, while other coins in the top 100 experienced smaller losses of 2.8% or less.
On the positive side, Artificial Superintelligence Alliance (FET) posted a 10.2% increase to $1.33, making it the day’s top performer. Bittensor (TAO) followed with a 6.6% gain, reaching $346.64. In the top 10 cryptocurrencies by market cap, TRON (TRX) saw the largest increase, rising 3.9% to $0.16624. Solana (SOL) and Dogecoin (DOGE) also recorded modest gains of 1.75% and 0.56%, respectively. The only significant drop among the top 10 was Binance Coin (BNB), which fell 1.63% to $563.65. Bitcoin (BTC) and Ethereum (ETH) remained relatively stable, with minimal declines of less than 0.5%, trading at $63,812 and $2,741, respectively. Notably, Bitcoin is testing resistance at the $65,000 level, with potential for further gains if it breaks above $68,174 and $69,994.
Buenos Aires Integrates Ethereum into High School Curricula
In a groundbreaking move, Argentina announced that Ethereum and blockchain technology will be integrated into the high school curriculum in Buenos Aires. Paula D., co-founder of the ETH Kipu Foundation, emphasized the importance of this initiative, stating, “By integrating Ethereum education into high schools, we’re not just teaching students about technology—we’re giving them the tools to shape the future.”
Boson Protocol Partners with Superchief Gallery to Tokenize Historic Art Collection
In a significant development in the art and crypto worlds, Boson Protocol, Web3’s decentralized commerce layer, has teamed up with Superchief Gallery in Brooklyn, New York, to tokenize a historic art collection valued at $5.1 million. This partnership marks a pioneering step in bringing traditional art into the digital realm through tokenized real-world assets (RWAs).
The collection includes 85 art pieces from renowned artists such as Louise Nevelson, Buffie Johnson, and Ibram Lassaw. Edward Zipco, Director and co-founder of Superchief Gallery, highlighted the importance of this collaboration, saying, “We are excited to utilize Boson’s technology to tokenize traditional, physical art and make them available for those that wish to purchase in crypto.” Boson Protocol co-founder Justin Banon added that this partnership reflects the growing interest in tokenization across various asset classes, signaling a resurgence in the markets.
CoinFlip Expands to Mexico, Bringing Crypto ATMs to New Markets
CoinFlip, a leading US-based crypto ATM provider, has announced its expansion into Mexico, marking its entry into its eighth international market. CoinFlip’s ATMs are now available in over 20 retail locations across Mexico City, including shopping centers, coffee shops, and other high-traffic areas. The company, which was founded in 2015, now operates 5,000 kiosks across nine countries, serving more than 400,000 customers.
Ben Weiss, Co-founder and CEO of CoinFlip, emphasized the importance of this expansion, noting that as cryptocurrency adoption grows in Mexico, people will seek out secure and convenient ways to buy, sell, and invest in digital assets. Alejandro Bravo, Country Director of Mexico for CoinFlip, echoed this sentiment, stating that there is “an incredible appetite” for CoinFlip’s services in Mexico, which can help combat inflation, build wealth, and facilitate cross-border money transfers.
Brighty App “Offers” Joe Biden a Job as Director of Selective Memory Management
In a humorous twist, Swiss financial app Brighty App has extended a mock job offer to US President Joe Biden, following his decision not to run in the 2024 presidential race. The company “offered” Biden the role of “Director of Selective Memory Management,” joking that he could help the team forget inconvenient details while emphasizing only positive outcomes.
The job offer, shared in an open letter, playfully suggests that with Brighty’s AI Investment Platform, Biden might not even need a job, as AI would handle investments on his behalf. The letter concluded with an invitation for Biden to join the team, adding a light-hearted touch to the day’s crypto news.
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