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

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Crypto Market Sees Green Across the Board

Good news for crypto enthusiasts! The cryptocurrency market has flipped green today, showing a significant recovery after recent dips. According to the latest data, the global crypto market capitalization surged by 2.8% over the last 24 hours, reaching a total value of $2.62 trillion.

Trading activity remains robust, with the daily crypto trading volume hitting $171 billion at the time of writing. In a stark contrast to yesterday’s sea of red, today paints a much brighter picture – virtually all top 100 cryptocurrencies by market cap are experiencing gains.

Top Movers and Shakers

Several altcoins are leading the charge with impressive double-digit increases:

  • Hyperliquid (HYPE) leads the pack, soaring 17.5% to trade at $12.23.
  • Hedera (HBAR) is close behind, jumping 16.5% to $0.1606.
  • KuCoin Token (KCS) also saw a significant rise of 16.4%, reaching $9.51.

Within the top 10 cryptocurrencies, the positive sentiment continues:

  • Dogecoin (DOGE) is the standout performer, rallying 10% to hit $0.1545.
  • Cardano (ADA) follows closely, appreciating 9.6% to $0.6011.
  • Even the more modest gains are notable, with Binance Coin (BNB) increasing by 3% to $563.
  • Market leaders Bitcoin (BTC) and Ethereum (ETH) also posted gains, with BTC rising 3.2% to $79,708 and ETH up 3.4% to $1,574.

Bitget Launches ‘Bitget Onchain’ to Bridge CEX and DEX

Popular crypto exchange Bitget has unveiled Bitget Onchain, a new feature designed to seamlessly connect centralized (CEX) and decentralized (DEX) trading experiences. According to the official announcement, Bitget Onchain aims to offer the ease-of-use, speed, and security of a CEX while providing direct access to emerging on-chain assets and advanced DEX tools.

Key features include:

  • Simplified On-Chain Trading: Users can trade on-chain assets directly within the Bitget App using their existing spot account (with USDT or USDC).
  • Multi-Chain Support: Initially supports Solana, BNB Smart Chain (BSC), and Base.
  • Token Access: Features an initial batch of 32 tokens, focusing on early-stage assets and emerging opportunities.
  • AI-Powered Insights: Plans to leverage AI algorithms for smart screening of on-chain assets to help users make more informed decisions.

Introducing Bitget Onchain – the most simple and easy-to-access product for you to trade onchain🚀⛓️ Why ?✅ Trade onchain tokens with spot account in Bitget App✅ Enjoy enterprise-level security✅ Catch early onchain opportunities with smarter algorithms…
— Bitget (@bitgetglobal)

Bitget emphasizes that this tool simplifies on-chain transactions, making them accessible even for newcomers, while providing experienced traders with efficient access to evolving market trends.

Hive Intelligence Launches Mainnet, Joins NVIDIA Inception

In exciting news for AI and blockchain integration, Hive Intelligence has officially launched its mainnet. Simultaneously, the project announced its acceptance into NVIDIA’s Inception program, a platform supporting cutting-edge AI startups.

Hive aims to accelerate the development and accessibility of AI-driven blockchain applications. The mainnet launch allows developers to use Hive’s unified API for querying real-time data from over 60 blockchains, effectively breaking down data fragmentation across different networks.

Hive Intelligence Launches Mainnet, Joins NVIDIA Inception to Power Next-Generation Crypto AI Agents
— TechBullion (@TechBullion)

Joining the NVIDIA Inception program grants Hive access to valuable resources, including:

  • NVIDIA’s AI tools and expertise.
  • Networking opportunities.
  • Technical guidance and go-to-market support.
  • Potential for AI research collaboration.

This partnership is expected to significantly boost Hive’s development roadmap. The ecosystem is powered by the native HINT utility token, used for paying for data queries, AI computations, governance, and rewarding network contributors.

Dabba Network and BONK Partner for DePIN Initiative

Dabba Network, a provider focused on decentralized wireless (DeWi) infrastructure, has announced a strategic partnership with BONK, the well-known Solana-based community coin. The collaboration aims to expand internet connectivity in underserved regions using a Decentralized Physical Infrastructure Network (DePIN) model.

Key aspects of the partnership include:

  • Hotspot Allocation: 10,000 Dabba Lite hotspots are reserved for the BONK community.
  • Token Burn Mechanism: $20 worth of BONK tokens will be burned upon activation of each hotspot, followed by ongoing monthly burns of $2 worth of BONK per hotspot for 18 months.
  • Real-World Impact: The initiative tackles the global digital divide (affecting ~3 billion people) by providing tangible internet solutions.
  • Community Engagement: Rollout includes a dedicated microsite for discounted hotspot purchases with BONK, Galxe quests, and educational content.

This partnership highlights a practical application of blockchain technology and community tokens beyond pure finance, demonstrating how DePIN projects can collaborate with community-driven initiatives like BONK to create sustainable value and address real-world challenges.

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