What’s Happening in Crypto Today? Daily Crypto News Digest

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Crypto market is red today

The crypto market is back to red.

The global cryptocurrency market capitalization fell 3.4% over the past 24 hours, currently standing at $2.85 trillion.

At the time of writing, the daily crypto trading volume is $85.1 billion.

Only about a dozen of the top 100 coins per market cap are still green today. The best performers in this category are XDC Network (XDC) and Tron (TRX), which increased by 5.8% and 2.4% to $0.07461 and $0.2347, respectively.

On the other hand, Pi Network (PI) and Entangle (NTGL) saw double-digit decreases. The former fell 26% to $0.8678, while the latter is down 13% to $0.002173. Other red coins recorded drops up to 9%.

As for the top 10 coins, only two coins are green today. The above-mentioned Tron is the biggest gainer in this category. Binance Coin (BNB) is also green, but its rise is so small that the price remains unchanged at $633.

As for the drops, XRP (XRP) fell the most: 4.4% to the price of $2.38. The rest of the list is down between 1.5% and 3.8%.

Ethereum (ETH) decreased by 1.5%, now changing hands at $1,963, while Bitcoin (BTC) fell 1.8%, currently trading at $83,956.

Bitlayer Partners With Peking University

Bitlayer, a Bitcoin Layer-2 scaling solution, has announced a long-term cooperation and sponsorship agreement with the PKUBA Blockchain Center, part of Peking University.

As part of the partnership, Bitlayer will sponsor PKUBA’s first Global Industry Research Competition, the press release says.

The goal of the event is to foster research and innovation in the fields of Web3 technologies, crypto market trends, and blockchain applications. The particular focus is on Bitcoin and its scaling solutions, the team says.

On its part, Bitlayer will support the research competition, as well as facilitate internship and career opportunities for students. It will also connect them with industry leaders and potential employers within the blockchain sector.

The competition starts in early 2025 and is “set to attract a diverse range of participants from top universities and blockchain organizations globally,” the announcement says.

OneKey Hardware Wallet Now Integrated With MetaMask

OneKey, an open-source crypto hardware wallet backed by Coinbase Ventures, is now seamlessly integrated with the major crypto wallet MetaMask.

According to the press release, the latest MetaMask update introduces native support for OneKey and allows users to connect via USB and Air-Gapped (QR code) signing.

The integration makes it easy to manage assets securely and keep private keys offline, the team says. “Whether using USB or QR code connections, private keys and transactions remain isolated, ensuring maximum protection against online threats,” it adds.

The OneKey App supports over 60 blockchains and is available on mobile, desktop, browser extensions, and web. Furthermore, it enables deep cross-chain swaps and DeFi staking.

Also, it offers security features such as transaction simulation, phishing detection, and malicious website filtering.

The announcement states that, since its founding in 2019, OneKey “has been committed to transparency and security, building fully open-source App wallet and hardware wallets trusted by investors such as Coinbase Ventures, Dragonfly, and Ribbit Capital.”

Solana’s First Meta DEX Aggregator Titan Soft-Launches Platform

Titan, Solana’s first meta-decentralized exchange (DEX) aggregator, has announced the beta launch of its platform. It will initially provide private access to a select number of participants.

Per the press release, Titan’s meta aggregation “positions itself as the layer above DEX aggregators.” It collects all DEX aggregator quotes and routes the end user to the best one with zero fees, it explains.

The team claims that this ensures the users have access to all on-chain liquidity and the entire set of available algorithms based on their trading profile.

Furthermore, in addition to meta aggregation, Titan has developed its proprietary algorithm called Talos. The team claims that Talos outperforms competitors 80% of the time.

A major drawback of on-chain swaps is that users typically receive quite outdated quotes by the time they are executed. On the other hand, Titan continuously re-evaluates quoted routes so to give users an up-to-date view of their quote’s performance, resulting in a real-time stream of current pricing data.

According to the announcement, “Titan deploys unique mathematical models not yet used within the Solana ecosystem that allocate routes to basis point precision, a vast improvement over current industry standards on Solana, as well as combing through significantly more liquidity sources with optimal capital allocation.”

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