Today’s Crypto Buzz: Your Daily Dive into the Digital Currency Scene

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Today’s Crypto Market Overview

The market has turned bearish again today.

In the last 24 hours, the worldwide cryptocurrency market cap has dropped by 1.6%, now totaling $3.07 trillion.

Currently, the daily trading volume in crypto stands at $86.5 billion, indicating a downward trend.

Among the top 10 cryptocurrencies, three are in positive territory. Notably, Ethereum (ETH) leads with a 1.3% increase, now priced at $1,821.

Bitcoin (BTC) and TRON (TRX) both show minimal gains of 0.2%, remaining relatively stable over the day. Bitcoin is trading at $95,022, while TRON is at $0.2462.

Conversely, XRP has experienced the steepest decline, falling 0.9% to $2.29.

From the top 100 cryptocurrencies by market cap, a third of them are in the red today. Official Trump (TRUMP) has dropped the most at 8.6%, now valued at $13.64, followed by Ethena (ENA), which decreased by 5.6% to $0.3263.

On a positive note, Virtuals Protocol (VIRTUAL) is the standout gainer with a remarkable 14.8% rise, now trading at $1.47. Another notable cryptocurrency is Flare (FLR), which increased by 9% to $0.01875.

Partnership Between Taurus and Figment for Global Institutional Staking

Taurus SA, a Swiss company specializing in digital asset infrastructure and supported by Deutsche Bank and Credit Suisse, has teamed up with Figment, an independent staking infrastructure provider. This collaboration aims to incorporate Figment’s advanced staking services into Taurus’s digital asset platform.

As stated in a release shared with Cryptonews, this partnership will enable clients of Taurus worldwide to access Figment’s staking offerings while ensuring protection through the Taurus PROTECT platform, a custody solution designed for banks.

Moreover, clients of Taurus can earn rewards by staking their digital holdings on various prominent blockchain networks, including Ethereum and Solana, among others that use Proof-of-Stake technologies.

“This seamless integration guarantees clients maintain complete ownership of their assets and rewards throughout the staking process,” the teams have asserted.

Eva Lawrence, Figment’s Regional Managing Director for EMEA, noted that this collaboration harnesses both entities’ expertise in serving major regulated banks and large organizations. Taurus’s Chief Marketing Officer, Victor Busson, emphasized that this partnership showcases their dedication to providing secure and compliant staking solutions for regulated financial institutions.

Vaulta and Ultra’s Collaboration to Create the ‘Netflix of Gaming’

Web3 Banking OS Vaulta (formerly known as EOS Network) has formed a partnership with blockchain gaming platform Ultra to position Ultra as Vaulta’s dedicated gaming division.

According to a press release sent to Cryptonews, the two companies aim to expedite the development of a comprehensive platform that allows the tokenization, trading, and monetization of digital assets within games.

Moreover, the platform will facilitate decentralized marketplaces, cross-game integrations, and banking solutions within the metaverse.

This new platform will be supported by a fast, affordable, and interoperable infrastructure, according to the teams involved.

In addition, Ultra will leverage the Vaulta Spring framework to enhance scalability, security, and user experience.

Finally, the announcement highlights that “Ultra will leverage the Vaulta Banking OS framework, improving transaction speeds and asset management, providing Ultra’s gaming community with access to multi-chain interoperability (IBC) features.”

PancakeSwap Launches PancakeSwap Infinity (PancakeSwap v4)

The decentralized exchange (DEX) PancakeSwap has rolled out its latest upgrade, PancakeSwap Infinity (previously known as v4). The team claims this is their most advanced version yet.

According to the announcement, this represents “a major advancement in DeFi” offering “unmatched” functionalities.

PancakeSwap Infinity offers tailored solutions and cost savings for traders and liquidity providers. It features enhanced flexibility, better liquidity solutions, and reduced transaction expenses.

In addition, the codebase for PancakeSwap Infinity will be made available under an open-source license.

PancakeSwap Infinity caters to various pool types to maximize flexibility: LBAMM (Liquidity Book AMM) and CLAMM (Concentrated Liquidity AMM) will be available at launch, with plans for additional pool types in the future. Furthermore, liquidity providers will have full control over their fee pool configurations. Unlike earlier versions that had fixed fee tiers, this upgrade allows them to select either dynamic or static fee pools according to their strategies.

Additionally, PancakeSwap Infinity introduces Hooks, which are external contracts that serve as extensions, enabling projects and developers to implement custom features that enhance their strategies.

This upgrade also streamlines the smart contract system to reduce gas fees. According to the announcement, “By merging all liquidity pools into a single contract (the Singleton Contract), the costs of creating pools have been decreased by as much as 99%.”

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The article titled “What’s Happening in Crypto Today? Daily Crypto News Digest” first appeared on Cryptonews.