Crypto News

Crypto Market Dips as Bitlayer Partners with Peking University and New Innovations Emerge

March 22, 2025
Smart Money

Crypto Market Update: Volatility and New Developments in the Industry

As we dive into today’s crypto news, the market is showing signs of volatility, with several significant developments in the blockchain space.

Crypto Market Experiences Decline

The global cryptocurrency market is facing a downturn, with a 3.4% drop over the past 24 hours. As of the latest data, the total market capitalization rests at $2.85 trillion. The trading volume has also decreased, currently standing at $85.1 billion.

Among the top 100 cryptocurrencies, only a handful are managing to show gains. Notable among them are XDC Network (XDC) and Tron (TRX), which have reported increases of 5.8% and 2.4%, respectively, bringing their prices to $0.07461 and $0.2347. Conversely, some coins are seeing sizeable losses. Pi Network (PI) has suffered a significant decrease of 26%, now priced at $0.8678, while Entangle (NTGL) has seen a decline of 13%, sitting at $0.002173. Other cryptocurrencies in the market are witnessing drops as severe as 9%, contributing to an overall bearish sentiment.

From the top ten coins, only two are currently in the green. Tron, which has performed well, is joined by Binance Coin (BNB), but the latter’s rise is minimal, with its price remaining stable at $633. On the flip side, XRP (XRP) experienced the most considerable decline within this group, dropping 4.4% to a price of $2.38. Ethereum (ETH) and Bitcoin (BTC) are also feeling the impact, with ETH down 1.5% at $1,963 and BTC down 1.8%, trading at $83,956. ## Bitlayer Partners With Peking University

In a notable partnership, Bitlayer, known for its Bitcoin Layer-2 scaling solutions, has entered an agreement with Peking University’s Blockchain Research Department (PKUBA). The collaboration aims to support the first Global Industry Research Competition hosted by PKUBA, set to kick off in early 2025. The core objective of this initiative is to encourage innovative research in Web3 technologies and analyze current trends within the crypto market and blockchain applications, particularly focusing on Bitcoin and its scaling solutions. As part of this collaboration, Bitlayer will also offer internship and career opportunities for participating students, helping to connect them with key industry leaders and potential employers.

OneKey Hardware Wallet Integrates With MetaMask

The OneKey Hardware Wallet has announced its integration with MetaMask, a popular crypto wallet, enhancing user experience in secure asset management. This integration allows users to connect their OneKey wallet via USB or QR code for offline signing, which is crucial for safeguarding private keys and transactions against online threats.

With support for over 60 blockchains, the OneKey App enables deep cross-chain swaps and decentralized finance (DeFi) staking. Its features, including transaction simulation and phishing detection, underscore its commitment to user security. The announcement highlights OneKey’s transparency and dedication to building trustworthy wallets, backed by significant investors such as Coinbase Ventures.

Titan Soft-Launches Solana’s First Meta DEX Aggregator

Titan, a meta-decentralized exchange (DEX) aggregator on the Solana network, has announced the beta launch of its platform, initially allowing access to a select group of participants. The platform aims to improve trading efficiency by aggregating quotes from all DEX aggregators and directing users to the best available options without incurring fees.

Titan’s technology also features a proprietary routing algorithm called Talos. This algorithm is designed to outshine competitors by continuously re-evaluating quoted routes, ensuring users receive the latest pricing information and optimizing capital allocation to enhance trade execution.

As the Solana ecosystem evolves, Titan emphasizes deploying innovative mathematical models aimed at significantly improving industry standards for on-chain swaps.

Conclusion

Today’s fluctuations in the cryptocurrency market and the various partnerships and technological integrations highlight the dynamic state of the crypto industry. With innovative projects emerging and existing technologies evolving, it’s clear that both challenges and opportunities lie ahead for investors and enthusiasts alike.

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