Daily Crypto News Digest: Stay Updated on the Latest Happenings in the Crypto World

Crypto Market Experiences Decline Today


By Sead Fadilpašić
Last updated:
April 29, 2024 06:57 EDT
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4 min read


Stay up to date with the latest blockchain and crypto news with our daily digest. We bring you the stories that may have slipped under the radar of mainstream news outlets.
Crypto Market Decline
The global cryptocurrency market capitalization has fallen to $2.43 trillion today, marking a 3.2% decrease in the past 24 hours, according to CoinGecko.
Out of the top 100 coins by market cap, only five have seen an increase in price. Ribbon Finance (RBN) leads the list with a 23% jump to $1.14. WhiteBIT Coin (WBT), Lido DAO (LDO), Kaspa (KAS), and Bitget Token (BGB) also experienced gains.
On the other hand, CORE’s price has fallen the most, dropping by 10.5% to $2. PEPE and FLOKI are down nearly 10%.
Among the top 10 coins by market cap, all are in the red today.


Source: CoinGecko
The biggest drop is seen in Solana (SOL), which fell by 6.2% to $134.84. Toncoin (TON) follows with a nearly 6% decrease to $5.24, and Dogecoin (DOGE) has dropped by 5.8% to $0.1414. Bitcoin (BTC) has declined by 2.6% and is currently trading at $62,255, while Ethereum (ETH) is down 4.1% and is changing hands at $3,182.
Gas fees on the Ethereum network have seen a significant drop to $1.12, the lowest level in six months. Analysts from Santiment suggest that this decline could be a signal for an upcoming altcoin rally.
ASX to Approve Bitcoin ETFs
Australia’s main market operator, ASX, is expected to approve the country’s first spot-based Bitcoin ETFs by the end of 2024. According to a spokesperson, ASX is in discussions with “a number of” interested issuers regarding crypto-based ETFs, as reported by Cryptonews.
Anchorage Digital Launches Settlement Network
In today’s crypto news, US-based crypto platform Anchorage Digital has launched its own settlement network for institutional clients. The platform, called Atlas – Anchorage Digital Trusted Liquidity and Settlement, is the only settlement network offered by a federally chartered bank, according to the announcement.
Atlas is designed to cater to all types of institutional counterparties, including buy- and sell-side participants and exchanges. It facilitates various types of settlements, such as OTC settlement, OTC margin/collateral management, and off-exchange settlement.
Since its early access launch earlier this year, Atlas has already settled hundreds of millions of dollars in digital assets, the announcement stated. It offers round-the-clock funds availability, and customers can settle in both crypto and USD within minutes.
Anchorage Digital is mandated by the Office of the Comptroller of the Currency to keep assets segregated with verifiable wallet addresses and ensure that funds settle to bankruptcy-remote custody. The settlement process is fully on-chain and assets are never commingled.
Customers of Anchorage Digital Bank and Anchorage Digital Singapore can access global counterparties through the network. Anchorage Digital Bank N.A. works with major counterparties in the crypto industry to fulfill their fiduciary obligations, the announcement added. Notably, Anchorage Digital is the only custodian to provide on-demand settlement directly between participants without escrow, collateral, or the use of omnibus accounts.
SKALE and Virtualness Partner for NFTs
SKALE Network, a gas-less blockchain designed for Ethereum scaling, and Virtualness, a mobile-first platform powered by AI and blockchain, have announced a strategic partnership aimed at revolutionizing digital engagement and empowering global sports fans, enterprises, and creators.
Virtualness, which boasts 260,000 users and recently signed a partnership with Asia’s largest football league Liga1, will offer sports fans exclusive NFT moments, player cards, rewards, loyalty programs, real-world experiences, and gamification on its platform powered by SKALE.
SKALE expects 250 million NFTs to be minted on Virtualness in 2024. The partnership will enable users of the Virtualness platform to leverage SKALE’s high-throughput, zero-gas-fee transactions and instant finality capabilities.
The Virtualness platform provides a user-friendly interface for creating, minting, and showcasing digital goods, without requiring any knowledge of crypto or blockchain. It also allows sports, enterprises, and creators to directly interact with their communities.
In the near future, Virtualness plans to offer more on-chain assets, including NFT player cards, prizes via SKALE tokens, and transparent storage and sharing of game data such as leaderboard scores and prize information.
Fake Bomber Sentenced to Probation
In other news, William Giordani, who was accused of participating in a crypto-related bomb threats plot, has been sentenced to three years of probation. According to The Independent, Giordani pleaded guilty to one count of concealing a federal felony. Prosecutors recommended a sentence of up to three years’ probation, taking into consideration his involvement in the plot after responding to a Craigslist ad. Giordani has made efforts to remain in a recovery program, the prosecutors added.
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