The cryptocurrency market is showing signs of positivity today, with the global market capitalization rising slightly to $2.82 trillion. Daily trading volume has decreased to $85 billion, indicating a calmer trading environment compared to recent weeks.
In the top 100 coins by market cap, most are in the green today. Cronos (CRO) is the top performer, gaining 7% to reach $0.08685. On the other hand, Pi Network (PI) experienced a 4.1% decline to $1.35. Among the top 10 coins, Solana (SOL) and Bitcoin (BTC) are the only ones in the red, with SOL falling by 1.2% and BTC remaining unchanged at $82,637. Binance Coin (BNB) saw the most significant increase, rising by 4.47% to $624, while Ethereum (ETH) rose by 0.5% to $1,892.
In other news, major mining companies have accumulated over 101,000 BTC in their reserves, despite market sell-offs in recent months. Companies like MARA, Riot, and Hut 8 have been actively purchasing BTC from the market using funds raised through debt and equity. Public mining companies raised $6.37 billion in the last quarter, with a significant portion coming from debt financing.
RAAC, a decentralized Real World Asset (RWA) lending and borrowing platform, has launched its testnet for non-US users. The project has secured $235 million in gold-backed deposits and plans to expand into US rental property investments. RAAC is a member of the Chainlink Build program and has been supported by The LLamas DeFi community.
Bybit has introduced Margin Staked SOL, allowing users to optimize their SOL earnings through leveraged borrowing and staking. Users can leverage up to 2x and grow their SOL holdings by earning bbSOL rewards. The platform simplifies borrowing, staking, and earning in one place, offering flexible redemption options for users.
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