The cryptocurrency market is having a rough day

The cryptocurrency market is having a rough day, with prices dropping across the board. The total market value of all cryptocurrencies combined has fallen

The cryptocurrency market is having a rough day, with prices dropping across the board. The total market value of all cryptocurrencies combined has fallen by 3.4% in the past 24 hours, now standing at approximately $2.85 trillion.

Daily trading activity remains strong, with $85.1 billion worth of crypto changing hands. However, most of the top digital assets are struggling to stay in the green.

Out of the top 100 cryptocurrencies by market capitalization, only around a dozen are managing to post gains. The best performers among them are XDC Network (XDC) and Tron (TRX), which have risen 5.8% and 2.4%, reaching $0.07461 and $0.2347, respectively.

On the flip side, some coins are seeing steep declines. Pi Network (PI) and Entangle (NTGL) have plunged by double digits, with PI tumbling 26% to $0.8678 and NTGL dropping 13% to $0.002173. Many other cryptocurrencies in the red have lost up to 9% of their value.

Among the 10 largest cryptocurrencies, only two are managing to stay positive today. Tron (TRX) leads this small group, while Binance Coin (BNB) is technically up, but its increase is so tiny that its price remains unchanged at $633.

On the downside, XRP (XRP) is taking the biggest hit, falling 4.4% to $2.38. Other major cryptos have dropped between 1.5% and 3.8%.

The two biggest names in crypto are also seeing declines:

Bitlayer teams up with Peking University for Blockchain Research

In more positive news, Bitlayer, a project focused on scaling Bitcoin transactions, has announced a long-term collaboration with Peking University’s Blockchain Center (PKUBA).

As part of the deal, Bitlayer will sponsor PKUBA’s first-ever Global Industry Research Competition, which is set to kick off in early 2025. The competition aims to drive innovation in Web3 technologies, blockchain applications, and cryptocurrency market trends, with a particular focus on Bitcoin and scaling solutions.

Bitlayer is not just sponsoring the event—it will also provide students with internship opportunities and career connections, helping them get in touch with industry leaders and potential employers in the blockchain sector.

According to the announcement, the competition is expected to attract a diverse range of participants from top universities and blockchain organizations worldwide.

Other Crypto developments you might have missed

University of Austin Launches $5M Bitcoin Fund

The University of Austin has set up a $5 million Bitcoin investment fund as part of its endowment, signaling growing institutional interest in the crypto space.

OneKey Hardware Wallet Integrates With MetaMask

OneKey, an open-source crypto hardware wallet backed by Coinbase Ventures, is now integrated with MetaMask, one of the most popular crypto wallets.

This new update allows users to connect their OneKey wallet to MetaMask using USB or QR code-based Air-Gapped signing. The team behind the project emphasizes that this integration enhances security by keeping private keys offline, making it much harder for hackers to steal funds.

OneKey supports over 60 blockchains and offers features like cross-chain swaps, DeFi staking, transaction simulation, phishing detection, and malicious website filtering.

Since its launch in 2019, OneKey has built a reputation for transparency and security, attracting investment from Coinbase Ventures, Dragonfly, and Ribbit Capital.

Solana’s First Meta DEX Aggregator, Titan, Goes Live in Beta

The Solana blockchain is welcoming a decentralized exchange (DEX) aggregator called Titan, which has launched its beta version.

Titan is positioning itself as a “meta-aggregator”, meaning it gathers price quotes from multiple DEX aggregators and directs users to the best deal with zero fees.

The platform’s standout feature is Talos, a proprietary trading algorithm that outperforms competitors 80% of the time, according to the team. Unlike traditional DEXs, which often provide outdated price quotes, Titan continuously re-evaluates transactions in real-time, ensuring that users get the most accurate pricing available.

The project claims it has developed advanced mathematical models not yet seen in the Solana ecosystem, optimizing liquidity routes and capital allocation.