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Crypto News Digest: April 23, 2024

Wondering why crypto is on the rise today? The global crypto market cap has surged nearly 2% in the last 24 hours
April 22, 2024

Cryptocurrency markets are up nearly 2% today, with the global market capitalization reaching $2.553 trillion. Among the top performers, Zebec Protocol (ZBC) surged by 7.9% to $0.02466, while NEO saw a 7.4% increase to $19.76. However, Dogwifhat (WIF) dropped by 6.6% to $2.94, and Maker (MKR) fell by 4.5%, trading at $2,928.

In the top 10 coins by market capitalization, Toncoin (TON) declined by 1.2% to $6.17, and Dogecoin (DOGE) saw a 1% drop to $0.1608. Conversely, BNB showed a significant increase, appreciating by 4.5% to nearly $605. Meanwhile, XRP rose by 0.4% to $0.5346, Bitcoin (BTC) increased by 1.7% to $66,094, and Ethereum (ETH) rose by 1.1% to $3,210.

Following a significant drop in Bitcoin transaction fees, now averaging $8-$10, BlackRock’s spot Bitcoin exchange-traded funds (ETF) iShares Bitcoin Trust has witnessed inflows for 69 consecutive days.

In other crypto news today, OKX, a prominent cryptocurrency exchange, has partnered with Manchester City to introduce commemorative football shirts as Non-Fungible Tokens (NFTs). These NFTs, named “Unseen City Shirts,” allow fans to mint digital collectibles of redesigned football shirts. Additionally, cLabs, the developer behind the Celo blockchain, has proposed migrating Celo to an Ethereum Layer 2 (L2) leveraging the OP Stack. Meanwhile, Midas, a fintech startup, has raised $45 million in equity funding to launch cryptocurrency trading, mutual funds, and savings accounts. Also, Safe, the on-chain asset custody protocol, has acquired the Multis source code to simplify asset management across various blockchain networks.

These developments signify the growing influence and adoption of cryptocurrencies and blockchain technology, as companies explore innovative solutions and partnerships to enhance user experiences and accessibility in the crypto space.

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