What’s Happening In Crypto Today? Daily Crypto News Digest | amznusa.com

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Why is crypto up today?

The global cryptocurrency market capitalization currently stands at $2.32 trillion, increasing by 1.6% in the last 24 hours.

The total crypto trading volume in the last day is $67.5 billion.

Notably, only five coins in the top 100 category per market cap are down today.

Monero (XMR) fell the most: 4.3% to $147.

Kaspa (KAS) is down 1.9% to $0.1443, while LEO Token (LEO), Maker (MKR), and Bitget Token (BGB) fell below 0.5% each, meaning that their price is practically unchanged.

On the green side, meme coins lead the list. Dogwifhat (WIF) is the best performer with a 19.4% rise to the price of $2.67.

Next up is Popcat (POPCAT), which recorded a 19.2% increase to $1.45.

Nine other coins saw double-digit increases.

When it comes to the top 10 coins per market cap, all of them appreciated over the past 24 hours.

Dogecoin (DOGE) is the best performer today, having risen 4.8% to the price of $0.11426.

Solana (SOL) is nearby, with a 4% increase, trading at $149.

The lowest increase is XRP (XRP)’s 1.9% to $0.54157.

At the same time, Bitcoin (BTC) appreciated 2.5%, trading at $63,584, while Ethereum (ETH) went up 2.9, currently changing hands at $2,491.

Meanwhile, Bitcoin’s price is showing resilience. Investors are now eyeing the $64,000 resistance level to gauge the next potential move for BTC.

“Bitcoin is still the best-performing asset class in 2024, but its lead has narrowed,” said NYDIG’s head of research, Greg Cipolaro.

It saw a modest 2.5% gain over the third quarter and a year-to-date increase of 49.2%.

Cookbook.dev’s ‘Secret Ingredient’ Integrated With 30 Top Blockchains

AI-powered Web3 developer ecosystem Cookbook.dev said that thirty major blockchain networks and projects integrated its AI-powered Web3 developer tools.

According to the press release, the goal is to make it easier and faster for these projects to onboard developers, deploy more projects, and grow.

Partners using Cookbook.dev’s comprehensive smart contract library and AI-powered ChefGPT assistant include, among others, Monad, Berachain, Polygon, Sui, Superfluid, Linea, Camp, Celo, Pyth, Fuel, Web3.js, Pyth Network, and Tangle Network.

“Instead of saying, ‘Devs do something,’ we say, ‘Do something for devs’,” commented Cookbook.dev CEO Tyler Sehr.

Web3 has long struggled to onboard more developers because the space lacks adequate support and tools for them to learn.

The team said that the total number of Web3 developers is about 22,000 – less than 0.1% of the estimated 27 million developers worldwide.

Therefore, Cookbook.dev’s developer ecosystem works to address these issues.

It offers a library of more than 1,800 audited smart contracts, one-stop information hubs for individual blockchains, a space for coding and testing, and an analytics dashboard with insights about on-chain dev activity.

It said its proprietary AI chatbot, ChefGPT, is available to help Web3 developers at any time and in any language.

Layer Raises $6 Million to Extend Ethereum Functionality

Recently founded startup Layer said it raised a $6 million seed round led by 1kx, with participation from Fabric Ventures, Arrington Capital, Stake Capital Group, and IOBC.

According to the press release shared with Cryptonews, notable angels include Sreeram Kannan of EigenLayer, Rok Kopp and Mike Silagadze of Ether.fi, and Paul Taylor, formerly of BlackRock.

The startup “aims to extend the functionality of Ethereum by making the first developer tools that support full-stack decentralized applications with Web Assembly.”

Source: layer.xyz

Layer employs Web Assembly, enabling developers to write applications in languages “that can run anywhere – even on your iPhone.”

The team’s upcoming product is the ‘Layer SDK’ (software development kit).

Per the announcement, it will allow developers to build new layers on top of Ethereum that run full-stack blockchain-based applications consisting of smart contracts, consensus mechanisms, UI, and verifiable off-chain services (AI agents, ZK provers, serverless functions, decentralized messaging servers, etc.).

These Layers represent full-stack decentralized protocols.

“This means, for the first time, a software developer can launch sovereign, incorruptible versions of their software products without any sacrifice to the user experience,” the team stated.

Turkish Multinational Business Launches Nigella Chain

Turkish-based business Nigella, a major player in the global distribution of nigella black seed, has launched Nigella Chain, described as a decentralized, secure, and scalable network aimed at enhancing transparency, reliability, and traceability.

Per the press release, Nigella Chain enables complete traceability of a product from farm to table. Customers can verify the origin, authenticity, and ethical standards of every product they purchase.

Each product has unique QR codes that consumers, businesses, and distributors can scan to gain this data.

This move helps fight counterfeiters and allows everyone to confirm the authenticity of their food.

The company stated that the key benefits of Nigella Chain include transparency and traceability; reliability; quality control; sustainability and ethical production; preventing counterfeiting; and fostering trust and confidence.

The Nigella Chain ecosystem includes Wallet, Pay, Swap, MLM, and Stake, as well as Nigella Coins that allow participation in blockchain governance.

The coin’s current market capitalization is $3.34 billion. Its current price is $70.79.

Nigella’s products are available in over 60 countries, including the United States, South Korea, and Japan.

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The post What’s Happening In Crypto Today? Daily Crypto News Digest appeared first on Cryptonews.

This articles is written by : Fady Askharoun Samy Askharoun

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