What’s happening in crypto today? Daily Crypto News Summary

Last updated: April 26, 2024 8:42 am EDT | 5 minutes of reading

Get your daily digest of blockchain and crypto news today, investigating the stories that are flying under the radar in today’s news.

In crypto news today:

• Why is crypto up today?
• Stablecoin trading volume hits all-time highs
• Immutable Launches Main Quest with Up to $50 Million in Rewards Already Committed
• Arbitrum, Optimism, Polygon, StarkWare and zkSync integrate with Avail

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Why is crypto up today?

The global crypto market cap increased by 0.4% in the last 24 hours. According to has CoinGeckoit amounts to 2.494 trillion dollars.

Unlike yesterday, where almost all coins in the top 100 category were red, many have appreciated since then.

ON is at the peak, up 23.4% in one day to $2.4.

Next is Wormhole (W)whose price increased by 14.9% to $0.6135.

The remaining green coins are all up less than 9%.

On the other hand, the drops are fewer and smaller.

Immutable (IMX) is the one that fell the most: 5.3% to $2.06.

ONDO is nearby, with its price dropping by 4%, trading at $0.7965.

In the top 10 category, the prices of four coins are up and four are down (not including stablecoins).

Solana (SOL) this is the price that fell the most: 1.9% to $144.

Ethereum (ETH) is the one that fell the least: 0.1%, trading at $3,142.

On the other hand, the increases are also small.

BNB rose the least, with 0.3% to $609.

Bitcoin (BTC) 0.5% is the highest. The coin changes hands at $64,401.

Meanwhile, an “epic sat”, mined from the fourth Bitcoin halving block, was recently sold for $2.1 million at an auction on CoinEx Global.

This rare satoshi, marked with a unique sequence number, sold for 33.3 BTC.

Also, Blockled by Jack Dorsey, now allows Square merchants to convert between 1% and 10% of their daily sales into BTC using Cash Appfor a nominal sum of 1%.

Source: CoinGecko

Stablecoin trading volume hits all-time highs

In crypto news today, in April 2024, the stable coins trading volume on centralized exchanges (CEXs) increased by 98.9% to $2.18 trillion, reaching the highest ever stablecoin trading volume on CEXs.

The surge in trading activity coincides with the increased volatility produced by BTC hitting new all-time highs in March for the first time this cycle. according to to an on-chain analytics company CCData.

USDT still dominates trading activity on CEXs. It represents 77.5% market share among the top 10 stablecoins by market capitalization.

Source: CCData

At the same time, the total market capitalization of stablecoins increased by 4.76% to $147 billion as of April 24.

This is the seventh consecutive monthly increase in market capitalization and the highest market capitalization for stablecoins since May 2022.

Stablecoin market dominance stands at 6.3%. This is an increase from 5.43% in March and the first increase after markets retraced on higher-than-expected US inflation data and escalating geopolitical tensions.

Source: CCData

Finally, the market capitalization of the two main gold-indexed stablecoins, Gold Tether (XAUT) And Pax Gold (PAXG)rose 4.2% and 4.77% to $573 million and $425 million, respectively.

This is an all-time high for Tether Gold and the highest level for Pax Gold since December 2023.

This came as the price of gold surpassed its previous all-time high amid geopolitical tensions in the Middle East.

Source: CCData

Immutable Launches Main Quest with Up to $50 Million in Rewards Already Committed

Web3 gaming platform and ecosystem Immutable announced the launch of “The Main Quest,” described as “the largest Web3 gaming quest and rewards program ever.”

According to According to the press release, these are token rewards of up to $50 million already secured for players, with more to be announced.

Players can get rewards immediately by exploring quests, playing games, and owning collections on Immutable.

Players who registered with Immutable Passport or connected their wallet on Immutable zkEVM can acquire gems by joining tasks and quests.

Bonuses and rewards include game tokens and NFTs that can be used in-game.

The Immutable Ecosystem Rewards program is launched in partnership with Digital Worlds Foundation.

It offers incentives for players to explore games from the Immutable ecosystem of over 270 titles currently in development.

The team said that some of the most anticipated Web3 games are featured in the current phase of The Main Quest.

These include Pixelmon, Illuvium, Guardians Guild, Space NationAnd Metal core.

“This is single-handedly the largest rewards program in Web3 gaming,” said Robbie Ferguson, president and co-founder of Immutable.

“As more of our 300 signed games come to market, the opportunities for players to be rewarded through the Immutable ecosystem will increase exponentially.”

Arbitrum, Optimism, Polygon, StarkWare and zkSync integrate with Avail

In other crypto news today, Enjoya modular blockchain solution designed to unify Web3 and optimize data availability (DA) for highly scalable and customizable rollups, announced that five major Web3 ecosystems will integrate with its DA architecture.

According to the press release, the ecosystems include Arbitration, Optimism, Polygon, StarkWareAnd zkSyncrepresenting approximately 10% of Web3’s monthly active developers.

Prior to the launch of Avail mainnet, developers and rollup creators will be able to access Avail DA, ecosystem, development, and integration across these five chain stacks.

Avail DA is the first of three parts of the Avail unification layer, he adds. It is a “complete full-stack architecture” that encompasses three solutions: DA, Nexus and Fusion Security.

The goal is to “help usher in the future of unified rollup and address the blockchain industry’s growing scalability, fragmented UX, and cross-chain liquidity challenges,” Avail said.

Limited data availability is one of the biggest obstacles to widespread adoption of the blockchain industry, noted Ramon Canales, head of product at Matter laboratories, the team behind zkSync. “Without adequate DA, data availability quickly becomes the bottleneck for unlimited scaling. »

Data availability solutions such as Avail’s opinionless base layer can support any blockchain, he said, addressing precisely this problem. “The additional redundancy provided by erasure coding ensures a high degree of confidence and redundancy for continued data accuracy and efficiency,” he added.

This integration will expand the range of options available to Arbitrum Orbit developers, allowing builders to choose the solution best suited to their needs, said Nina Rong, head of ecosystem development at Arbitrum Foundation.

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