Crypto Market Update: TVL Shifts, Fundraising Peaks, and Bitcoin Lightning Integration

The cryptocurrency market is seeing a mix of stability and volatility. The Total Value Locked (TVL) on Layer 2 (L2) protocols has slightly decreased from $8.96 billion yesterday to $8.80 billion today.

Among the top L2 networks, Arbitrum holds the highest TVL at $2.72 billion, despite a 1.78% drop from yesterday. Base follows with $1.57 billion, experiencing a significant 6.18% decline. Blast's TVL stands at $1.55 billion, down by 1.05%, while Linea has $675.29 million, showing a minor decrease of 0.37%. Optimism is the only network in the top five to see a positive change, with a TVL of $675.09 million, up by 1.90%.

Bitcoin's price has dipped slightly from $61,751 to $61,039. Conversely, Ethereum has seen a modest increase from $3,393 to $3,405.

In terms of fundraising, today's total stands at $45.50 million. The biggest rounds include Conduit, which raised $37.00 million, followed by Enso Finance with $4.20 million, and NovaNet with $3.00 million. The cumulative fundraising for the current week amounts to $236.50 million.

In recent news, Hong Kong is targeting DeFi and the metaverse for fintech expansion. Despite current challenges, these sectors are poised for potential growth and innovation.

Tevaera has announced plans to distribute 2.45 million ZK tokens via an airdrop, with 30% allocated retroactively to its community.

Market sentiment is also influenced by the upcoming $10 billion options expiry for Bitcoin and Ether on Friday. Over 25% of these options are set to expire 'in the money,' according to Deribit's Luuk Strijers, hinting at renewed bullishness.

Nubank has integrated Bitcoin's Lightning Network in partnership with Lightspark, promising faster and more affordable transactions.

Outside the crypto realm, a new AI cancer detector boasting 98% accuracy across 13 types has been developed by Cambridge researchers, potentially speeding early detection, diagnosis, and treatment.