What’s Happening in Crypto Today? Daily Crypto News Digest
In crypto news today:
- Crypto market is green today
- Bitget Burns $130 Million BGB, 2.5% of Total Supply
- Maple Finance Surpasses $1 Billion in AUM
- DWF Labs Announces US Expansion
__________Crypto market is green today
The market has turned slightly green today.
Over the past 24 hours, the global cryptocurrency market capitalization has dropped another 0.7%, currently standing at $2.76 trillion.
At the time of writing, the daily crypto trading volume is $81.4 billion, continuing the dropping streak we’ve been noticing over the past few days.
Most of the top 100 coins per market cap are green today. The best performer is Hyperliquid (HYPE). It’s up 9% to the price of $16.61. It’s followed by Render (RENDER), which appreciated 7.2% to $3.98.
As for the red coins, yesterday’s best performer dropped the most today. Curve DAO (CRV) fell 4.7%, now trading at $0.6039. Official Trump (TRUMP) is next, having dropped by 3.9% to $7.66.
In the top 10 coins category, one coin decreased over the past day, and it’s yesterday’s biggest gainer. TRON (TRX) decreased by 2.4% to the price of $0.2479.
At the same time, Solana (SOL), which fell the most a day ago, rose the most today. It’s up 6.2%, now trading at $133. In the second place is Cardano (ADA), which appreciated 2.3% to $0.6196.
Meanwhile, Bitcoin (BTC) increased by 0.6%, currently changing hands at $84,629, while Ethereum (ETH) rose 1%, now trading at $1,595.Bitget Burns $130 Million BGB, 2.5% of Total Supply
Crypto exchange Bitget has completed the burn for 30 million Bitget Token (BGB) as per its previously shared burn mechanism plan for the quarter.
to the press release, at the time of the burn, this token amount was worth around $130 million. It accounts for roughly 2.5% of BGB’s total supply.
Feeling on fire 🔥 — Bitget (@bitgetglobal)
Over the past six months, Bitget has destroyed 42.5% of the total BGB supply. This includes 19% from core team holdings, the team says. The rest is a combination of circulating supply and reserve allocations.
The team says that this latest burn is the first in a series of quarterly events that will use 20% of profits from exchange and wallet operations to repurchase and destroy tokens.
“This burn is a step toward building an ecosystem where value flows more transparently,” said CEO Gracy Chen.You might also likeBitget CEO Gracy Chen: “Female-Led Crypto Projects Receive Disproportionately Less VC Funding”Maple Finance Surpasses $1 Billion in AUM
On-chain asset manager Maple Finance has surpassed $1 billion in Assets Under Management (AUM). According to the press release, this is “a defining milestone in its evolution and a clear signal that institutional capital is flowing on-chain.”
Recent growth has been driven by increased demand across Maple’s lending strategies, the team says. It’s also the result of the rapid adoption of syrupUSDC, a liquid, yield-bearing asset backed by overcollateralized institutional loans.
The team adds that strategic partnerships with allocators such as Bitwise, as well as protocol integrations with Spark, Morpho, and others, drive flows into Maple-managed products.
$1B AUM. 🔓The Maple team is grateful for our community, partners, and allocators who made this possible.Now, we build bigger. — Maple (@maplefinance)
“Crossing $1 billion in AUM is a clear validation of our approach,” said Sid Powell, co-founder and CEO of Maple Finance. “Institutions want lending and yield products that work—on-chain, transparent, and built to scale. Maple delivers that today,” Powell said.
Maple was launched in 2021, originating over $6.7 billion in loans since then. Its suite of products includes secured lending, Bitcoin Yield, and structured products. They are designed for both institutions and crypto-native allocators.You might also likeBitwise Makes Its First Institutional DeFi Allocation Via Maple FinanceDWF Labs Announces US Expansion
Web3 investment firm DWF Labs announced its strategic expansion to the United States with a new office in New York City.
According to the press release, the new US office will enable the company to strengthen institutional partnerships with banks, asset managers, and fintech firms exploring blockchain integration.
🚨 DWF Labs Expands to the U.S. with New York Office and Strategic $25M WLFI Token PurchaseWe’re proud to announce our next phase of global growth with a new office in New York City. This expansion reflects our deep confidence in the U.S. as a driving force in institutional… — DWF Labs (@DWFLabs)
Furthermore, it will hire local talent across trading, compliance, and business development, as well as drive liquidity and adoption for high-quality and its emerging DeFi ecosystem.
Finally, the DWF Labs aims to enhance regulatory engagement with US policymakers and advance educational initiatives with American colleges and universities, the team says.
Andrei Grachev, Managing Partner of DWF Labs, commented that “our physical presence reflects our confidence in America’s role as the next growth region for institutional crypto adoption.” You might also likeDubai-Based DWF Labs Launches $250M Liquid Fund to Boost Web3 Projects__________
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