Daily Crypto News Digest: Market Update and Key Partnerships

As the cryptocurrency market continues to exhibit fluctuations, today’s crypto news highlights a mix of performance across various digital assets and notable announcements from key players in the industry.

Current Market Overview

The cryptocurrency market has revealed a slight upswing today, with a majority of the top-performing coins trending upward. The global cryptocurrency market capitalization stands at approximately $2.8 trillion, reflecting a marginal decrease of 0.8% over the past 24 hours. Daily crypto trading volume has seen substantial activity, reported at $94.6 billion.

Among the top 100 digital currencies, EOS emerges as the standout performer today, recording a rise of 7.8%, trading at $0.6843. Sonic (S) follows closely behind, appreciating by 5.9% to reach $0.5082. However, DeXe (DEXE) has not shared in the positive momentum, experiencing a significant decline of 20%, now priced at $14.04. Jupiter (JUP) also faced a decline, dropping 8.4% to $0.4154. In the top 10 coins, three have fallen, with Solana (SOL), Bitcoin (BTC), and Tron (TRX) recording losses of 1.2%, 0.8%, and 0.7%, respectively. Currently, Bitcoin trades at approximately $82,791, Solana at $125, and Tron at $0.2341. Conversely, Cardano (ADA) has shown resilience, increasing by 3.4% to $0.6714, while Ethereum (ETH) has seen a modest rise of 1.3%, currently trading at $1,849. ## Bitget Wallet Introduces LSD Earn Zone

In a significant development for DeFi enthusiasts, Bitget Wallet has launched what it claims as "the industry’s first" Liquid Staking Derivatives (LSD) Earn Zone. This innovative product offers users a streamlined way to earn on-chain yields while maintaining liquidity of their assets. The launch enables users to stake their tokens on supported DeFi platforms and receive derivative tokens in return, which can be traded without traditional staking restrictions.

The first offerings in the LSD Earn Zone include several products with annual yields ranging from approximately 4% to 8%. The supported assets fall within the Ethereum, Solana, and BNB Chain ecosystems, providing users with an opportunity to maximize their earning potential.

Professional Fighters League Partners with Arkham

In a strategic move, the Professional Fighters League (PFL) has entered into a multi-year partnership with the blockchain analytics firm Arkham. This collaboration aims to enhance the entire PFL ecosystem, encompassing events such as the 2025 PFL World Tournament and various international series.

Bryan Calka, Chief Commercial Officer of PFL, highlighted that this partnership is essential for maintaining the organization’s commitment to innovation, security, and transparency. To celebrate the collaboration, PFL and Arkham will offer fans a chance to win a sweepstakes trip to the 2025 PFL World Tournament Championship taking place on August 21. ## K9 Finance DAO Joins Google for Startups Program

K9 Finance DAO, a liquid staking platform and leading validator on the Shiba Inu Layer-2 blockchain, Shibarium, has announced its membership in the Google Cloud for Startups Program. This affiliation will grant K9 Finance access to Google Cloud credits and state-of-the-art infrastructure, which is anticipated to bolster Shibarium’s development, potentially enhancing scalability, security, and liquidity in their ecosystem.

Furthermore, K9 DAO intends to harness AI technology to streamline governance and community participation, establishing innovative decentralized finance tools for users. The team has also committed to fostering greater transparency by open-sourcing all Shibarium blockchain data via Google’s BigQuery platform.

This blend of positive market momentum and innovative partnerships indicates a dynamic landscape for cryptocurrency enthusiasts. Stay tuned for more updates on the evolving world of digital assets.