What’s happening to cryptocurrencies today? Daily digest of cryptocurrency news

Last Updated: May 7, 2024 9:17am EDT | 4 minute read

Get your daily digest of blockchain and cryptocurrency news today by investigating the stories that fly under the radar in today’s news.

In today’s crypto news:

• Why are cryptocurrencies popular today?
• dWallet Network integrates with Celo
• Cupcake, the Solana-powered Social Rewards app, launches as an engaging entry point
• “Graham Tuckwell has needlessly wasted time and resources at WisdomTree,” the letter states

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Why are cryptocurrencies popular today?

The global cryptocurrency market capitalization today fell by 1.8% in the last 24 hours, currently sitting at $2.49 trillion.

Of the top 100 coins by market cap, only 11 are green today.

The best result in this category is Rendering (RNDR). It rose 5.5% to $10.56.

Performed by Arweave (AR)which rose 4.7% to $40.63.

On the other hand, BONK 9.8% is the largest loss in this category. This coin is currently trading at $0.00002507.

Furthermore, only one coin among the top 10 by market capitalization saw an increase in its price in the last day.

Source: cryptonews.com/coins/

Solana (SOL) it is up 1.7%, trading at 158 ​​dollars. This makes it the winner of the day in this category.

At the same time, Dogecoin (DOGE) saw the biggest decline. It is down 5.26% at $0.15855.

The other coins on this list fell between 4% and 0.5%.

Bitcoin (BTC). the price fell 1.4%, now trading at $64,204. Ethereum (ETH) fell 2.7%, now changing hands at $3,122.

Meanwhile, spot Bitcoin ETFs in the US saw a net inflow of $217 million Monday, after a period of massive outflows.

Grayscale GBTC it managed a modest inflow of $3.9 million, marking its second consecutive positive day.

Even in the United States, the Securities and Exchange Commission (SEC) postponed his decision on Ethereum Exchange Traded Funds (ETFs) for a further 60 days.

dWallet Network integrates with Celo

In today’s crypto news, dWallet networkthe infrastructure for programmable natives Bitcoinannounced today that it will support Celothe mobile-first and EVM-compatible blockchain network.

According to the press release, dWallet Network will enable developers in the Celo ecosystem to use non-collusive, decentralized building blocks to create natively multi-chain decentralized finance (DeFi) applications.

Source: dWallet, Celo

Additionally, dWallet’s primitive integration means that Celo-based applications can natively sign transactions with other networks, including Bitcoin, Ethereumand more, using the elliptic curve digital signature algorithm (ECDSA) signature scheme.

As such, Celo users can now natively access BTC, ETH, SOL, and more, bringing greater security and programmability to the Celo ecosystem.

“All of this is possible thanks to dWallet’s decentralized, non-collusive multi-chain layer, and it’s just the beginning,” the team said.

Also the edDSA AND Schnorr Support for signature schemes will be added in the near future, they added.

Cupcake, the Solana-powered Social Rewards app, launches as an engaging entry point

Cupcakesa new social rewards app designed to be a fun, rewarding and engaging crypto entry point, launched today.

According to the press release, Cupcake is a Solanabased “cultural layer” that encourages and rewards active social commitment.

Additionally, it is “celebrating crypto culture and enabling project discovery.”

It does this through games in which players collect experience points (Universal Baking Income, or UBI) and cupcakes (Proof of Cake) and win prizes tracked in the Bakeshop.

Source: Cupcake

“The continuous feed of TikTok-style social minigames features conversation starters like “would you rather,” “subtitle this,” or “two truths and a lie,” all centered around memes and key moments in crypto culture,” the announcement reads. .

Additionally, the ecosystem is updated weekly with new games and leaderboards.

In this way, the mobile-first web app aims to make cryptocurrencies accessible, fun and engaging for the widest audience.

“To achieve mainstream consumer adoption of cryptocurrencies, we must make the complex ideas of crypto networks easy to understand through games that tap into what makes us human: connecting with others, enjoying friendly competition, being creative, and showing our uniqueness,” said Chris Liquin, CEO of Cupcake.

Created by B+J Studios and its co-founders Jordan Prince and Bartosz Lipiński, Cupcake launches with branded content and rewards from partners including The Nifty, Cube, Moutai memecoin, SolCasinoAND BONK.

“Graham Tuckwell has wasted time and resources at WisdomTree,” the letter states

In other crypto news today, asset managers Tree of wisdomknown for its Bitcoin exchange-traded fund (ETFs), published a stakeholder letter urging shareholders will be able to vote “for” all director candidates.

It was stated that “dissident shareholder Graham Tuckwell, founder and chairman of ETFS Capital Limitedhas launched another disruptive campaign against three of WisdomTree’s directors.”

This is his third attempt against the Council in three years, he added. It is “a waste of time and resources”.

Tuckwell is WisdomTree’s largest shareholder and has criticized the company, saying it is neglecting ETF offerings in favor of decentralized finance (DeFi) offerings.

The company wants shareholders to support all nine of WisdomTree’s directors, “including the three directors against whom Mr Tuckwell is currently campaigning”.

These are Jonathan Steinberg, Win Neuger and Anthony Bossone.

Tuckwell’s “misleading campaign” will only distract the company from achieving its long-term goals, he said.

“There is no reason to change. Repudiate ETFS Capital’s misleading and disruptive actions: Enough,” WisdomTree wrote.

Furthermore, the company’s board of directors unanimously supports its strategy.

Two of the current Board members were previously appointed by Tuckwell, and now support the full Board “in the belief that we have the right strategy, the right Board and the right management team to succeed”.

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