Crypto Market Down Today
Over the past 24 hours, the global crypto market capitalization decreased by 0.5%, now standing at $2.57 trillion. Among the top 100 coins, only six saw price increases. Notcoin (NOT) was the best performer with a 7.2% increase to $0.01744, followed by Toncoin (TON) with a 6.9% rise to $7.55. Stacks (STX) and Injective (INJ) also posted gains of about 5%. Conversely, BRETT recorded the highest loss, dropping 12.4% to $0.1464, with FLOKI down 8.2% to $0.0002197. In the top 10 by market cap, most coins are in the red, with the highest drop being Lido Staked Ether (STETH)’s 1.89% decrease to $3,477. Bitcoin (BTC) also fell by 0.9% to $67,293, while Toncoin and Dogecoin (DOGE) bucked the trend, showing minor gains.
Synonym Launches Bitkit Bitcoin Wallet
Synonym has announced the full launch of its self-custodial Bitcoin wallet, Bitkit, on App Stores. The wallet supports Bitcoin on-chain and over the Lightning Network, allowing users to send and receive BTC without relying on third-party custodians. Bitkit distinguishes itself in the market by maintaining full self-custody, a feature highlighted by Synonym's CEO, John Carvalho, who criticized the dominance of custodial wallets since the Lightning Network gained traction in 2020. The company plans a comprehensive rewrite post-launch and is collaborating with leading wallet developers to define unified specifications for Lightning Service Providers (LSPs), aiming to foster broader Lightning Network adoption.
Fetch.ai, SingularityNET, and Ocean Protocol Postpone Token Merger
The Artificial Superintelligence Alliance, formed by Fetch.ai, SingularityNET, and Ocean Protocol, has postponed the ASI token merger to July 15, 2024, from the initial date of June 13. This adjustment is to accommodate logistical requirements and technical dependencies. Once finalized, FET, AGIX, and OCEAN tokens will merge into the new ASI token and cease to trade independently. The delay ensures a seamless transition and meets the needs of ecosystem partners. Humayun Sheikh, CEO of Fetch.ai and chairman of the alliance, emphasized that the commitment and vision driving the alliance remain strong despite the postponement.
Minima Blockchain Powers On-Chain Race Data Logger for McLaren GT4 Supercar
Minima has partnered with Influx Technology to integrate a blockchain-powered data tracker into a McLaren GT4 supercar. The 'DePIN Data Logger' collects data from the car's engine, including vehicle ignition timing, braking, oil pressure, and more. Minima's blockchain secures the data, providing immutable data provenance. This integration aims to enhance data capture and analysis for racing teams. Oliver Plucknett, Race Lab team manager, highlighted the revolutionary impact of blockchain on data collection and transmission, allowing for real-time access to relevant information for fans and officials. Minima CEO Hugo Feiler noted that blockchain's potential is being realized by addressing real challenges in the automotive industry.
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