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

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Why Is Crypto Up Today?

The global cryptocurrency market capitalization is up less than 1% over the past 24 hours. It currently stands at $2.24 trillion.

The total crypto trading volume in the last day is $86.2 billion.

Unlike yesterday, very few coins are red today.

Helium (HNT) saw the biggest loss, with 7.8% to $6.82.

Next is TRON (TRX), having seen a 4.5% fall to the price of $0.1522.

The rest of the red list, containing ten more coins, is down 3% and less each.

When it comes to the green coins, Polygon (MATIC) is the day’s winner. The coin appreciated 14.2% to $0.535.

The second-biggest increase is Fantom (FTM)’s 13.7%, currently changing at $0.4615.

BitTorrent (BTT) and Artificial Superintelligence Alliance (FET) have also seen double-digit increases of 11% and 10%, respectively.

At the same time, only two of the top 10 coins per market cap are down today.

Toncoin lost the most in this category. It is down 3.4% to $6.45.

Solana (SOL) fell 0.7%, now trading at $142.5.

The top performer on this list is Bitcoin (BTC). It appreciated 1.8%, moving back above the $60,000 level, currently changing hands at $60,786.

Binance Coin (BNB) follows, with a 1.55% rise to $571.

Ethereum (ETH) increased by 0.8% to the price of $2,626.

Meanwhile, veteran trader Peter Brandt remarked that Bitcoin’s price charts form a broadening triangle pattern, often signaling major price movements.

While Bitcoin could move toward its all-time high of $73,835, Brandt still advises caution as market volatility remains high.

Polychain Leads $6.7M Investment in Ethereum L2 Using BTC as Gas

In crypto news today, Corn, a new Ethereum Layer-2 network that uses its hybrid tokenized Bitcoin (BTCN) as gas, has officially launched from stealth following a $6.7 million fundraise led by Polychain Capital.

According to the press release, the seed round included Binance Labs, Framework Ventures, ABCDE, Symbolic Capital, HTX Ventures, and Relayer Capital, as well as a long list of founders and builders in the space.

Corn was founded by a team of long-term DeFi builders that started projects like Badger, Code4rena, Slingshot, and 0xBow.

The team said it aims to create the only network-wide ‘Crop Circle’ that aligns users, apps, and token holders within a unified and mutually beneficial ecosystem.

Inspired by the veTokenomics pioneered by Curve, Corn incentivizes users and developers by emitting CORN that can be directed to any app on the chain.

Users engaging with that app receive incentives, and CORN stakers (aka popcorn) decide the percentage of CORN incentives that goes to each app.

Additionally, Corn created its tokenized BTC, known as BTCN, arguing that “beyond utility, our space is in need of a better wrapped Bitcoin that offers stronger security, transparency, and capital efficiency.”

BTCN is backed 1:1 by native BTC that isn’t bound to a single centralized custodian or bridging solution.

It can extend its minting rights to include multiple custodians, smart contracts and/or bridging protocols, the press release said.

Trust Wallet Launches ‘Year 2001’ Campaign To Show People They’re Still Early To Crypto

Self-custody Web3 wallet and Web3 gateway Trust Wallet has launched its latest social education campaign, called ‘Year 2001’, to show the public that it’s still early days for crypto and Web3.

According to the press release, the campaign compares the current Web3 to the internet in 2001 (Web1 and Web2), as well as the number of crypto users today and internet users back then (some 560 million).

The campaign includes short-form videos and the message: “Tell your friends, they’re still early! Web3 is still in the year 2001.”

“In this awareness campaign, our goal is to highlight the current state of Web3, emphasizing its growth and dispelling the myth that people are late to the game. In reality, Web3 is still in its infancy,” said Sami Waittinen, Head of Marketing at Trust Wallet.

Web1 was dominated by static websites, says the team, while Web2 saw the proliferation of user-generated content, social media, and usability.

Now is the time when Web3 is rising – the next version of the internet, a decentralized one, built on blockchain and controlled by users.

To accomplish its goals, Trust Wallet’s social education campaign primarely focuses on the 18-35 demographic, and secondarily on all audiences who are curious about crypto and blockchain.

It comprises five short-form videos on Trust Wallet’s TikTok account. One has been releases, while four more, from comedic skits to street interviews, will launch over the next few days.

“The Year 2001 campaign is about empowering users to recognize the immense potential of Web3 and encouraging them to take part in this revolution,” Waittinen said.

Bybit Card Breaks Its Adoption Rate Record in Argentina

In other crypto news today, crypto exchange Bybit said that in two months since its launch in Argentina, it recorded 75% of Bybit users in the country applying for the Bybit Card.

The press release described this as a “remarkable success.”

Joan Han, Sales and Marketing Director of Bybit, commented that Bybit Card exceeded the team’s expectations in Argentina, “demonstrating its immense popularity and utility among local users.”

The 75% adoption rate within two months “exemplifies the card’s innovative features and the growing demand for crypto-friendly financial solutions,” Han added.

To celebrate this milestone and reward new users, Bybit said it has launched a limited-time campaign. It offers a 30,000 ARS bonus to all Argentine residents who sign up and apply for the Bybit Card by the end of September.

Meanwhile, the exchange also announced hitting its 40 million users milestone.