What’s Happening in Crypto Today? Daily Crypto News Digest
In crypto news today:
- Crypto market is red today
- EigenLayer Completes Protocol, Launches Slashing
- NodeOps Launches Unified Staking Hub Across Networks
- North American Miners Show Sustained Infrastructure Investment, Despite Obstacles
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Crypto market is red today
The market has turned slightly red today.
Over the past 24 hours, the global cryptocurrency market capitalization has dropped another 1.9%, currently standing at $2.76 trillion.
At the time of writing, the daily crypto trading volume is $84.2 billion, continuing the low streak we’ve been noticing over the past few days.
About half of the top 100 coins per market cap are green today. The best performer is Bittensor (TAO), which increased by 11.6% to the price of $262. It’s followed by Artificial Superintelligence Alliance (FET), having risen 8.9% to $0.5114.
As for the red coins, Fartcoin (FARTCOIN) dropped the most: 13.3% to $0.7645. It’s the only coin with a double-digit fall. The second-highest decrease on this list is Mantle (MNT)’s 5.1%, now trading at $0.6662.
In the top 10 coins category, four coins increased and four decreased over the past day (not taking the stablecoins into account).
The best performer is Solana (SOL), which rose 1.2% to $134. The rest of the green list is up between 0.1% and 0.7%.
At the same time, TRON (TRX) fell the most over the past day: 1.9% to $0.2432. XRP (XRP) is down 1.2%, while the rest are down below 0.5%.
Meanwhile, Bitcoin (BTC) and Ethereum (ETH) are unchanged over the past day, currently changing hands at $84,539 and $1,589, respectively.
North American Miners Show Sustained Infrastructure Investment, Despite Obstacles
Public Bitcoin miners now operate a total of 7.4 gigawatts (GW) of power capacity, which is a notable increase from 5.42 GW at the end of 2023.
This is according to TheMinerMag’s latest North American Bitcoin Mining Map, as cited by the latest Miner Weekly report by BlocksBridge Consulting.
The report notes that the concentration remains in Texas, USA. It now hosts nearly 3.85 GW of mining capacity from just eight public mining firms. However, the figure doesn’t include private operations or public ones like Canaan, Cango, or BitFuFu that don’t disclose state-level power breakdown.
Per the map, other top mining states include Georgia (703 MW) and New York (546 MW).
“This expansion signals sustained infrastructure investment,” the analysts say, “even as Bitcoin’s hashprice hovers at low levels and post-halving block subsidies and transaction fees have tightened profitability.”
That said, the industry is currently being shaped by “two converging forces”: AI’s infrastructure demands and US trade tariffs. Several large mining companies, including Core Scientific, have reallocated some of their mining capacity to high-performance computing (HPC) services tailored for AI workloads, the report states.
Furthermore, the researchers say that Bitcoin’s dwindling hashprice and the rising competition from the AI space may disrupt the North American Bitcoin mining power capacity growth.
“As AI demand continues to surge and power-intensive training models multiply, the next stage of the game is perhaps how to reevaluate mining infrastructure as a competitive asset in the broader data infrastructure economy,” they conclude.
NodeOps Launches Unified Staking Hub Across Networks
Decentralized infrastructure platform NodeOps has launched its Staking Hub, a new feature that simplifies participation in Proof-of-Stake networks and earning rewards.
According to the press release, the Staking Hub offers a seamless interface for staking tokens across multiple blockchain networks. Initially, it offers support for two tokens: HYPE on HyperLiquid Testnet and BEAM on Beam Mainnet.
Furthermore, the Staking Hub launch also marks the debut of Stakedrop, NodeOps’ staking incentive program. By staking through NodeOps, users receive dual incentives: the native token NODE and stNODE, Node Points that can be converted into NODE post-campaign.
Also, the Staking Hub allows users to delegate their tokens directly to NodeOps’ validators in a few steps and without infrastructure setup or technical overhead.
“Staking Hub is designed to remove friction and make decentralized staking accessible to everyone,” said NodeOps co-founder Naman Kabra.
Additionally, per the announcement, key partners include EigenLayer, 0G Labs, Aethir, CARV, OffChain Labs, Polygon, Movement Labs, Avail, and Fuel.
Meanwhile, NodeOps is an AI-powered DePIN Orchestration Layer with an expanding product suite powered by the NODE token, that includes NodeOps Network, Cloud, Console, Staking Hub, and the incoming Agent Terminal.
EigenLayer Completes Protocol, Launches Slashing
Eigen Labs has implemented slashing on EigenLayer mainnet, marking the first “feature-complete” iteration of the EigenLayer Protocol.
According to the press release, EigenLayer is now one of the few Proof-of-Stake systems fully securable with live slashing.
The team states that this upgrade provides stronger security for Autonomous Verifiable Service (AVS) designs. It “unlocks the potential for transformative, verifiable applications backed by economic assurances.”
This means that AVSs can design customized performance conditions. Operators can opt into these conditions, and if they meet them, they earn rewards. Otherwise, they face penalties.
Furthermore, the upgrade introduces several features unique to EigenLayer that enable Operators to isolate risks and strengthen security guarantees. These include Unique Stake Allocation and Operator Sets.
The former ensures that only one AVS can slash an individual operator’s stake, and the latter gives AVSs tools to organize Operators into groups based on risk tolerance and competencies.
The EigenLayer launched a year ago and now encompasses more than 190 AVSs, with 40 live on mainnet, including LayerZero and Infura. Also, over 80,000 restakers contribute to more than $7 billion in shared security for EigenLayer protocols.
Meanwhile, the upgrade follows a successful testnet phase that included a $2.5 million bug bounty program with Cantina, which processed over 800 submissions.
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The post What’s Happening in Crypto Today? Daily Crypto News Digest appeared first on Cryptonews.
