The global cryptocurrency market capitalization has seen a slight dip of 0.6% over the past 24 hours, currently standing at $2.49 trillion. While many of the top 100 coins per market cap experienced price drops during this period, there were a few notable exceptions. Stacks (STX) recorded a significant decrease of 9% to $1.97, while BONK followed closely with a 7% drop, trading at $0.00002396. On the other hand, Chainlink (LINK) emerged as the best performer with a 14% increase to $15.94. Arweave (AR) also saw a notable rise of 9% to $47.43. Within the top 10 coins per market cap, only Solana (SOL) observed a slight increase of less than 0.5% to $162.82. Meanwhile, Dogecoin (DOGE) experienced the most significant decline of 3.8% to $0.14988.
The Depository Trust and Clearing Corporation (DTCC), the world’s largest settlement system, has recently teamed up with blockchain oracle Chainlink to conduct a pilot program involving major banking firms in the US. This initiative, known as the Smart NAV Pilot, aims to enhance the tokenization of traditional finance funds. On the other hand, digital payments platform SKUx has announced a strategic agreement with Visa to accelerate digital transformation for select merchants and consumer packaged goods (CPG) companies. The partnership will enable Visa clients to engage directly with SKUx and drive value creation among B2B and B2C payment flows.
PancakeSwap, a popular multichain decentralized exchange (DEX), has launched an interface fee refund campaign that allows users to recoup up to $8 million in interface fees incurred on competitor Uniswap. This initiative, which will run from May 16 to August 15, aims to address concerns regarding recent changes in Uniswap’s fee structure. Traders can participate by matching their Uniswap volume 1:1 on PancakeSwap v3, specifically in eligible pairs such as WBTC and/or WETH. In addition to the interface fee refund, qualified participants can earn points that can be redeemed for exclusive opportunities in the future.
According to the latest Miner Weekly report by BlocksBridge Consulting, ten public Bitcoin mining companies collectively raised nearly $2 billion in gross proceeds from equity financing activities in the pre-halving quarter of 2024. This figure represents a significant increase from the $1.25 billion raised in the previous quarter. Marathon, CleanSpark, and Riot, the largest companies per market cap, accounted for 73% of the total funds raised. These companies were holding significant amounts of cash and BTC as of March 31, indicating a strong financial position.
The blockchain and cryptocurrency industry continue to witness exciting developments and strategic partnerships that aim to drive innovation and growth. With market fluctuations and evolving trends, it is essential for investors and stakeholders to stay informed and adapt to the changing landscape of this dynamic industry. Stay tuned for more updates and insights on the latest trends in blockchain and cryptocurrency!