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

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Crypto market is green today

The market has remained in the green territory.

Over the past 24 hours, the global cryptocurrency market capitalization has decreased by 1%, currently standing at $2.87 trillion.

At the time of writing, the daily crypto trading volume is $98 billion.

About two-thirds of the top 100 coins per market cap are green today. Two of these have recorded a double-digit increase. Fartcoin (FARTCOIN) is the category’s best performer. It’s up 18.3% to $1.07. The next on the list is Kaspa (KAS), which appreciated 12% to the price of $0.09269.

On the other side, the largest decreases are Filecoin (FIL) and Story (IP). The former fell 5.7% to $2.52, while the latter dropped 5.6% to $3.61.

When it comes to the top 10 coins, two are red today. XRP (XRP) fell 1.1% to $2.1, while Cardano (ADA) decreased by less than 0.5%, meaning it’s practically unchanged over the past 24 hours, now standing at $0.6397.

Also, the day’s biggest gainer is 1.5% seen by Bitcoin (BTC), which now stands at $88,594. Dogecoin (DOGE) is the only other coin with an increase above 1%. It’s up 1.4% to $0.1642.

At the same time, Ethereum (ETH) is unchanged over the past day, currently changing hands at $1,630.

Monad Joins Chainlink Scale

Ethereum-compatible Layer-1 blockchain Monad has joined Chainlink Scale to expand its ecosystem. Per the announcement shared with Cryptonews, the collaboration has brought Chainlink’s Data Feeds, Data Streams, and CCIP to Monad.

The Monad aims to accelerate the growth of its ecosystem and ensure the long-term adoption of the blockchain. To help this goal, as part of this program, Chainlink oracle nodes will supply the network with various key oracle services.

It will also supply it with “an extensive array” of Data Feeds, including “diverse asset classes and categories such as Proof of Reserve.”

Per the team, these enhancements come in addition to the deployment of Chainlink CCIP and Data Streams on Monad Testnet.

Johann Eid, Chief Business Officer at Chainlink Labs, commented that Monad joined Chainlink Scale to expand DeFi innovation on its L1. “With tamper-proof data provided by the Chainlink standard, Monad developers can unlock powerful new use cases and user experiences. We look forward to a deep strategic relationship with the Monad ecosystem,” Eid said.

Keone Hon, Monad’s co-founder and CEO, added that the team is “excited to join Chainlink Scale to bring highly reliable price data to our layer-1 blockchain. Chainlink’s proven infrastructure and ultra-reliable data feeds are essential to unlocking next-gen DeFi on Monad.”

Circle Launches Payments Network, Partners with Fireblocks

Digital asset infrastructure provider Fireblocks has partnered with stablecoin issuer Circle to support the rollout of the Circle Payments Network (CPN), aiming to make cross-border payments more efficient by using USDC.

According to Fireblock’s blog post, CPN leverages the stablecoin sandwich model to remove traditional intermediaries and connect licensed financial institutions for faster, more efficient fiat-to-fiat settlements.

“And because Fireblocks has the infrastructure to power every step of an enterprise’s stablecoin journey, we’re enabling our clients to connect directly to CPN—without needing to change providers or rebuild their stack,” the team says.

Circle states in its announcement that CPN connects financial institutions, including banks, neo-banks, payment service providers, virtual asset service providers, and digital wallets. It enables real-time settlement of cross-border payments using regulated stablecoins.

Furthermore, cross-border money movement use cases include supplier payments, remittances, payroll, capital markets settlement, internal treasury operations, and onchain financial applications.

“To ensure CPN is built with high standards of trust and operational integrity,” the company says, “Banco Santander, Deutsche Bank, Société Générale, and Standard Chartered Bank are contributing their deep expertise in global payments to assist Circle in designing a network that meets the needs of leading banks and financial institutions worldwide.”

Omni Launches $10M User Program, Incentivized Deposits for SolverNet-Powered Symbiotic

The Omni protocol has announced a $10 million program to accelerate the adoption of its new SolverNet product.

According to the press release, the initiative launches with incentivized deposits for Symbiotic, a restaking protocol with over $1 billion in Total Value Locked (TVL). This is the first application powered by SolverNet.

“The $10 million program encourages users to see firsthand how seamless and intuitive it should be to use crypto applications,” the team says.

SolverNet removes manual bridging and enables applications to keep users inside their UI, the announcement says. It simplifies cross-chain functionality for developers. It reduces implementation time from months to days and minimizes the resources “required to scale across the entire onchain economy.”

Omni CEO Austin King commented that “users don’t want to waste time navigating complex systems or worrying about fees. They want to log in, do what they need to do in seconds, and get back to what matters.”

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