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Over the past 24 hours, the global crypto market capitalization has experienced a slight downturn of 1%, now standing at $2.765 trillion. CoinGecko's data reveals a widespread dip among the top 100 coins, with most experiencing declines.
However, amidst the sea of red, a few standout performers emerge. Core (CORE) leads the pack with an impressive 68% surge to $2.78, closely followed by Jupiter (JUP) with a 19% uptick to $1.79. Conversely, Conflux (CFX) takes the biggest hit, plummeting by 12.9% to $0.4185.
In the top 10 rankings, only one coin shines green today—Solana (SOL), boasting a modest 0.2% increase to $197. Conversely, Binance Coin (BNB) registers the steepest decline, dropping by 3.7% to $584, while Dogecoin (DOGE) experiences a marginal 0.7% decrease to $0.2046. The remaining coins hover between 1.3% and 3.6% downturns.
Bitcoin (BTC) and Ethereum (ETH), the market's heavyweights, also witnessed declines, with BTC slipping by 1.3% to $69,474 and ETH down 2.5% to $3,537.
In the realm of regulatory developments, Bitwise investment chief Matt Hougan sheds light on the potential timeline for spot Ethereum exchange-traded funds (ETFs). Speculation suggests a delay until December, a strategic move to allow traditional finance (TradFi) players sufficient time to acclimate to the crypto landscape.
Meanwhile, messaging app Telegram announces a new avenue for in-app advertising, leveraging Toncoin, the native crypto of the TON blockchain.
Transitioning to broader market narratives, on-chain analytics firm CCData offers insights into the digital asset landscape for Q1 2024. Memecoins emerge as frontrunners in returns, with DOGE and SHIB leading the charge. Conversely, the artificial intelligence (AI) sector maintains its dominance, with significant gains observed.
Ubuntu's recent initiative to manually review apps uploaded to the Snap Store underscores growing concerns over crypto wallet scams, highlighting the importance of heightened vigilance in the digital space.
In a milestone achievement, Zircuit Staking surpasses $1 billion in total value locked (TVL) within just a month of launch, showcasing the burgeoning interest in staking protocols.
As the crypto market continues its dynamic journey, stay tuned for further updates on the evolving landscape shaping digital finance and innovation.
