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

Get your daily, bite-sized digest of blockchain and crypto news today – investigating the stories flying under the radar of today’s news.

Why is crypto up today?

After several days of consistent drops, the global cryptocurrency market capitalization has turned green over the past 24 hours.

It’s up 3.2% today to $2.25 trillion.

At the same time, the total crypto trading volume is $132 billion.

Only three of the top 100 coins are down today.

Fasttoken (FTN) fell the most: 3.7% to $2.34.

LEO Token (LEO) and KuCoin (KCS) are down 1.6% and 1.2% to $5.55 and $7.42, respectively.

On the green coin side, Popcat (POPCAT) increased the most. It appreciated 34.3% to $0.9207.

Sei (SEI) and Bittensor (TAO) are each up above 20%, trading at $0.3357 and $380.08, respectively.

Nearly twenty more coins in this category have recorded double-digit increases in this time period.

As for the top 10 coins per market cap, all have turned green over the past 24 hours.

Solana (SOL) is the day’s winner. Its price increased by 7.25%, currently trading at $139.44.

XRP recorded the smallest rise on this list: 2.25% to $0.58517.

At the same time, Bitcoin (BTC) went up 4.5%, moving above the $60,000 level, now changing hands at $62,627.

Ethereum (ETH) saw a 5.3% rise to the price of $2,435.

Meanwhile, the US spot Bitcoin exchange-traded funds (ETFs) saw $52.83 million in net outflows on Wednesday, breaking a four-day streak of net inflows that had attracted over $500 million.

The trend reversal follows the market’s reaction to the US Federal Reserve’s recent decision to cut interest rates by 50 basis points.

OKX Reveals Livery for Singapore GP with McLaren, ‘Reimagined’ Wallet

In crypto news today, crypto exchange OKX has unveiled the livery for the Singapore Grand Prix in partnership with the McLaren Racing F1 team.

“Fresh off from the factory. We are bringing the heritage back at a critical point in the sport and McLaren’s legacy,” said Haider Rafique, Chief Marketing Officer at OKX.

Furthermore, the exchange announced its “reimagined Wallet product,” with several new improvements.

According to the press release, the enhancements include new interface, expanded token discovery for millions of cryptocurrencies and collectibles, and access to more than 100 blockchains and thousands of DeFi products.

The team has produced a simplified layout for easier asset management, token swapping, and discovery, as well as a simplified user experience.

The wallet includes a new tokens page with “over one million tokens across various categories,” and some 120,000 tokens added weekly to OKX Wallet’s DEX.

Furthermore, the Wallet DEX now provides faster quote response times and higher transaction speeds. It retrieves and aggregates prices from almost 500 DEXes at an average response time of 50 milliseconds.

Finally, its intuitive categorization “enhances the overall experience, with the third-party DeFi protocol aggregator now accessible under the ‘Discover’ section,” the team noted.

BNB Chain Announces Enhancements of Its Stablecoin Infrastructure

BNB Chain has revealed several updates to its stablecoin infrastructure.

According to the press release, BNB Chain will collaborate with centralized exchanges (CEXs) to enable fee-free transfers.

The CEXs include Binance, Bitget, Gate.io, HTX, and MEXC.

MegaFuel, a global gasless solution developed by NodeReal and sponsored by BNB Chain, will cover gas fees for users across CEXs, wallets, and decentralized applications (dapps).

Furthermore, the chain is partnering with wallet providers including Bitget Wallet and SafePal, as well as Binance Web3 Wallet and Trust Wallet in the near future.

It also collaborates with bridge providers like Celer to improve liquidity and interoperability, enable zero-fee transfers, and simplify asset movement across different blockchains.

Finally, BNB Chain is working with payment gateways such as Alchemy Pay, Oobit, Lunu, MugglePay, and Now Payment to facilitate real-life payments and enable everyday purchases.

These updates are part of the chain’s goal to become “the core infrastructure for stablecoin payments and digital financial transactions,” the press release said.

It aims to make crypto practical for everyday transactions and make stablecoin payments faster, cheaper, and more accessible.

This can be accomplished by focusing on gasless transactions across centralized exchanges, wallets, and bridges, the team argued.

It also said it will support gas-free transfers for USDT, USDC, and FDUSD by “partnering with leading payment providers.”

Additionally, BNB Chain is launching the ‘Gasless Carnival Season’ from September 19, providing zero withdrawal fees on stablecoins from participating CEXs to BSC and opBNB.

It also covers gas fees for transfers via participating wallets, and sponsors gas-free cross-chain transfers via participating bridges, the announcement said.

Aethir and GameCentric Team Up to Power Web3 Gaming Expansion

In other crypto news today, gaming aggregator GameCentric.io has partnered with GPU cloud computing provider Aethir to “elevate Web3 gaming.”

According to the announcement shared with Cryptonews, GameCentric will leverage Aethir’s decentralized cloud infrastructure into its Web3 gaming platform.

This will improve low-latency, high-performance gaming experiences and will enable robust scalability and security to support the platform’s expansion.

Also, Aethir provides GameCentric with its decentralized cloud technology as infrastructure capable of scaling as the platform adds more game titles and users.

The platform plans to expand its token-based offerings in preparation for the addition of over 200 game titles.

The partnership “will support GameCentric’s plans to introduce in-game tokens, non-custodial wallets, and an enhanced marketplace, providing gamers with a seamless experience across both Web2 and Web3 environments,” the announcement said.

Moreover, GameCentric says it has a “significant foothold” in the MENA and India regions. This allows it to be “an ideal distributor” for Aethir Edge, a device that distributes cloud network access to game developers and players worldwide.

This contributes to the Web3 adoption in emerging markets.

Source - https://cryptonews.com/news/whats-happening-in-crypto-today-daily-crypto-news-digest/