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

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Crypto market is green today

Over the past 24 hours, the global cryptocurrency market capitalization has increased by 2.4% to $3.64 trillion. At the time of writing, the daily crypto trading volume is $223 billion – the highest it’s been in months.

Bitcoin (BTC) recorded a 4.3% increase to the price of $111,258, breaking all-time highs since yesterday. It’s ATH currently stands at $111,544. Ethereum (ETH) also rose by 4.3%, currently changing hands at $2,648.

Dogecoin (DOGE)is the best performer in the top 10 coins per market cap category. It appreciated by 6.5% to the price of $0.2409. Cardano (ADA) also increased by more than 6%, 6.2% to be precise, to $0.8001.

There are no red coins among the top 10, while only three of the top 100 coins saw their prices decrease over the past day. Fasttoken (FTN), NEXO (NEXO), and Sui (SUI) are down between 0.3% and 2.4%.

Fartcoin (FARTCOIN) and Hyperliquid (HYPE) appreciated the most among the top 100. They’re up 18.2% and 16.6% to $1.54 and $30.9, respectively. Five other coins recorded double-digit increases.

Gnosis Launches Circles 2.0, Enables Users to Issue Tokens

Ethereum sidechain Gnosis announced the launch of Circles 2.0, a personalized currency that anyone can create and use. There are 100,000 users on the waitlist for Circles, the team says.

Per the announcement, each person can issue their own Circles currency, without relying on “a centralized institution to print and set the value of money.” They can then send and receive from people they trust. Circles 2.0 is delivered by the newly launched Metri app, a self-custodial wallet operating within the Gnosis ecosystem.

Moreover, every account holder will mint 1 CRC per hour or 24 per day. This will last while they maintain minimum activity levels on the platform. Also, each user’s CRC is a unique token, the announcement claims.

Users agree to accept these unique CRCs via trusted connections. If the user doesn’t know someone directly, but they have trusted connections in common, they can still send CRC. They will utilize these common connections as intermediaries, “creating an active web or circle of trust.” Users can also earn CRC by inviting new users, creating trusted connections, or being bought in exchange for bridged stablecoins.

OKX Launches xBTC in Sui’s Bitcoin DeFi Ecosystem

xBTC, a new BTC asset from the OKX crypto exchange, has launched onchain, to expand Bitcoin holders’ options on Sui and its BTCfi infrastructure.

According to the press release, Sui is one of xBTC’s first three live chains. Sui DeFi protocols Cetus and Navi will serve as exclusive launch partners for the first batch of xBTC on Sui. Users can mint these coins directly on the OKX exchange and withdraw them into any onchain wallet as a native asset on Sui.

The team further says that since February, Sui has seen an inflow of nearly 600 BTC. This is the result of Sui attractiveness to “BTC holders looking for a secure chain to access DeFi.” Also, BTC-backed assets now make up more than 10% of Sui’s total value locked (TVL), they add.

Meanwhile, xBTC becomes one of the BTC-based assets available on Sui. These include WBTC, LBTC, and sBTC, each offering different models, integrations, and onchain benefits. Also, the integration follows other notable BTCfi integrations on Sui, which include Stacks, Lombard, Babylon, Cubist, SatLayer, and RedStone.

Ethereanism Decentralized Movement Aims to ‘Reframe Ethereum’s Cultural Narrative’

Ethereanism (ETHRNSM) has launched as a decentralized cultural initiative. This is a community of Ethereum-aligned creators, strategists, and technologists who aim to build a decentralized, coordinated ecosystem of contributors “dedicated to advancing Ethereum’s public presence through open creative assets and collaborative messaging strategies.”

The press release says that ETHRNSM advocates for intentional, narrative-driven participation to complement Ethereum’s existing technical ecosystem. The movement is already actively gathering contributors from across marketing, storytelling, and strategy disciplines. Their decentralized collaboration will increase Ethereum’s visibility and relevance in a developing digital environment.

The group says that Ethereum has been a foundational layer for decentralized technologies, powering decentralized finance (DeFi), stablecoins, decentralized autonomous organizations (DAOs), and on-chain identity, among many other developments. Any yet, “public narratives around Ethereum have often lagged behind its technological progress,” they argue.

Therefore, ETHRNSM aims to address this gap by aligning Ethereum’s technological leadership with a coordinated narrative effort. The movement seeks to engage Ethereum-aligned builders, creators, and strategists in shaping a cohesive cultural presence for the ecosystem, it says.

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