Crypto News

Crypto Market Update: Bearish Trends, Innovative Partnerships, and Exciting Tech Developments

March 22, 2025
Smart Money

Crypto Market Update: Mixed News as Market Takes a Dip

The cryptocurrency market is experiencing a downturn today, with several notable developments across the sector. As the global cryptocurrency market capitalization dipped by 3.4% over the past 24 hours, the total valuation currently stands at approximately $2.85 trillion.

Market Performance Overview

During this recent session, the daily trading volume in the crypto space reached about $85.1 billion. Despite the overall decline, only around a dozen of the top 100 cryptocurrencies by market cap are managing to stay in the green. The strongest performers today include XDC Network (XDC), which saw an increase of 5.8% to $0.07461, and Tron (TRX) rising 2.4% to $0.2347. Conversely, Pi Network (PI) faced a sharp decline, dropping 26% to $0.8678, while Entangle (NTGL) fell by 13%, now valued at $0.002173. Other significant losses are recorded among various cryptocurrencies, with drops reaching up to 9%.

In the top ten cryptocurrencies, only two have managed to stay afloat in positive territory. In addition to Tron, which leads this category, Binance Coin (BNB) remains unchanged at $633. However, most of the leading coins have experienced declines. XRP (XRP) saw the most significant decline, falling 4.4% to a price of $2.38. Ethereum (ETH) and Bitcoin (BTC) also saw slight drops of 1.5% and 1.8%, respectively, now trading at $1,963 and $83,956. ## Bitlayer Partners with Peking University

In more positive news, Bitlayer, a Bitcoin Layer-2 scaling solution, has established a long-term partnership with Peking University, particularly its PKUBA program. Under this new agreement, Bitlayer will sponsor the university’s inaugural Global Industry Research Competition aimed at promoting innovation in Web3 technologies, cryptocurrency trends, and blockchain applications with a special focus on Bitcoin and its scalability solutions.

Beginning in early 2025, the competition is expected to attract participants from leading universities and blockchain organizations worldwide. In addition to supporting the research initiative, Bitlayer will also provide internship and career opportunities for students, connecting them with industry leaders and potential employers in the blockchain sector.

OneKey Hardware Wallet Integrated with MetaMask

In a significant development for cryptocurrency security, OneKey, an open-source hardware wallet backed by Coinbase Ventures, has announced its integration with MetaMask, a major crypto wallet. This latest update allows users to connect via USB and Air-Gapped signing through QR codes, marking an advancement in how digital assets can be securely managed.

This integration promises enhanced security features, keeping private keys offline and isolated, thus providing maximum protection against online threats. The OneKey App supports over 60 blockchains and offers additional functionalities, including deep cross-chain swaps and DeFi staking, along with robust security measures like transaction simulation and phishing detection.

Titan Launches as Solana’s First Meta DEX Aggregator

In another promising development within the Solana ecosystem, Titan, the first meta-decentralized exchange (DEX) aggregator on the platform, has announced its beta launch. Initially, the platform will provide private access to a select group of participants.

Titan’s operation involves aggregating quotes from various DEX aggregators, ensuring users are routed to the best available options without incurring fees. The platform aims to provide users with real-time access to on-chain liquidity tailored to their trading profiles.

The newly developed routing algorithm, named Talos, is claimed to outperform competitors in 80% of cases. By continuously evaluating quoted routes, Titan seeks to address the often outdated quotes received in on-chain swaps, delivering more accurate pricing data.

Conclusion

As the crypto market navigates a downturn, developments such as Bitlayer’s partnership with Peking University and integrations like OneKey with MetaMask demonstrate ongoing innovation in the space. Meanwhile, Titan’s entrance into the Solana ecosystem as a meta DEX aggregator promises to enhance trading efficiency for users. Stay alert for further updates as the market fluctuates and new partnerships and technologies emerge.

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