Journalist
Sead Fadilpašić
Journalist
Sead Fadilpašić
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Key Crypto Headlines:
- Market Sentiment Turns Negative for Cryptocurrencies
- Chainlink and Mastercard Team Up for Onchain Crypto Purchases by 3 Billion Cardholders
- Walrus, a Decentralized Storage Solution, Integrates with OpenGradient, an AI Development Hub
- Theta Labs Unveils a Decentralized GPU Marketplace
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Crypto Market Experiences Downturn Today
The cryptocurrency market has shifted back into negative territory over the past day.
The overall market capitalization for cryptocurrencies globally has decreased by 0.8%, now standing at $3.41 trillion. The total volume of crypto trades occurring within the last 24 hours amounts to $94.5 billion.
Currently, most of the leading ten cryptocurrencies, ranked by market capitalization, have seen price increases. Bitcoin (BTC) has risen by 1.6% and is currently valued at $107,014.
Meanwhile, Ethereum (ETH) shows minimal movement. It registered a 0.4% gain, and its current trading price is $2,426.
Solana (SOL) saw the largest increase among the top coins, rising by 1.3% to $145. Conversely, XRP (XRP) experienced the smallest gain, with a marginal increase of 0.1%, holding steady at $2.19.
Looking at the broader market, a majority of the top 100 cryptocurrencies are currently in the red. Virtuals Protocol (VIRTUAL) experienced the most significant decline in this category, followed by Bittensor (TAO). They have dropped by 6.8% and 5.7%, respectively, bringing their prices to $1.56 and $335.
However, some coins are showing notable gains, with two recording double-digit increases and emerging as today’s top performers. Pi Network (PI) has surged by 15.5% to a price of $0.615, while Aptos (APT) has increased in value by 10.8%, now trading at $4.76.
Chainlink and Mastercard Enable 3 Billion Cardholders to Purchase Crypto Directly Onchain
Chainlink, a decentralized oracle network, is partnering with Mastercard, a global payments leader, to empower 3 billion cardholders worldwide with the ability to buy crypto assets onchain directly using fiat currency.
According to an official statement, this collaboration leverages Chainlink’s infrastructure for interoperability and Mastercard’s global payments network. This initiative aims to address obstacles that have historically prevented mainstream adoption of onchain finance.
Specifically, zerohash provides the onchain capabilities and liquidity needed for seamless fiat-to-crypto conversions using smart contracts. Shift4 Payments, Swapper Finance, and XSwap are providing additional integration support. The user experience is powered by the Uniswap protocol.
Walrus Decentralized Storage Integrates with OpenGradient AI Platform
OpenGradient, a research lab focused on AI development, has announced an integration with Walrus, a decentralized storage protocol built on the Sui blockchain. The announcement details how OpenGradient’s primary L1 network will now utilize Walrus as its core decentralized storage. This transition has replaced its former IPFS system, enabling the platform to host over 100 AI models accessible across various applications and ecosystems.
OpenGradient intends to utilize Walrus’ adaptable and verifiable storage layer to facilitate private and proprietary models. These models will employ smart contract-enforced encryption and access controls for enhanced user privacy, eliminating the need for centralized data storage solutions.
This integration also unlocks new possibilities for tokenization and monetization, empowering users to maintain control over the development process. OpenGradient plans to integrate private and proprietary model support further through Walrus’ programmable Sui smart contracts, facilitating the use of larger and more sophisticated AI models.
Walrus’ data storage and programmability features are now accessible to OpenGradient users and developers.
Theta Labs Introduces Decentralized GPU Marketplace
Theta Labs, the development team behind the Theta DePIN blockchain, has launched the beta version of a hybrid edge cloud architecture for its Theta EdgeCloud network. This release features a new decentralized GPU marketplace, designed to ensure “competitive and transparent compute pricing” across the platform.
This innovative computing platform merges traditional cloud-based GPUs with a distributed network of over 30,000 edge nodes operated by community members, offering cost-effective access to high-performance computing resources. This is suitable for AI model training, video processing, financial modeling, and other tasks demanding significant GPU power.
The team stated that “By incorporating distributed computing resources from community members alongside conventional cloud infrastructure, the platform aims to provide comparable capabilities at substantially lower costs.”
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