Daily Crypto News Digest: Market Rebounds, Worldcoin Launches, and New Security Initiatives

Daily Crypto News Digest: Market Rebounds, Worldcoin Launches, and New Security Initiatives

Why is Crypto Up Today?

After a prolonged downturn, the cryptocurrency market is experiencing a resurgence. The global cryptocurrency market capitalization has increased by 3.4% in the past 24 hours, reaching $2.22 trillion. Trading volume over the last day stands at $111 billion.

Notably, nearly all of the top 100 cryptocurrencies are in the green today. The few exceptions are Cosmos (ATOM), down 2% to $5.84, and Avalanche (AVAX), which is practically unchanged at $25.65. Leading the gains, BONK has surged 21% to $0.00002616, followed by SEI and TIA, which have increased by 12.8% and 12.4%, respectively.

Among the top 10 cryptocurrencies by market cap, Solana (SOL) is the standout, appreciating nearly 2% to $142.56. Ethereum (ETH), Lido Staked Ether (STETH), and XRP also posted minor gains, while Binance Coin (BNB) and Dogecoin (DOGE) saw declines of 1.4% each. Bitcoin (BTC) and Toncoin (TON) are down less than 1%, with BTC trading at $57,222.

The market’s recovery was buoyed by the German Federal Criminal Police Office (BKA) receiving over $200 million worth of BTC from exchanges like Kraken, Coinbase, and Bitstamp.

Worldcoin Foundation Launches World Chain Developer Preview

The Worldcoin Foundation, co-founded by OpenAI’s Sam Altman, announced the launch of the World Chain developer preview. This release allows developers to begin deploying infrastructure and building applications on the World Chain before its mainnet launch. It aims to migrate over 10 million users from OP Mainnet to World Chain later this summer, offering developers a chance to reach users in 160 countries.

Developers can apply for access to the preview, which includes Ethereum execution client Reth operating in shadow mode. The goal is to achieve 1,000 million gas per second—a 400x increase over OP Mainnet’s current target. World Chain is supported by partners like Alchemy, Safe, and Elliptic, with more partnerships to be announced.

Immunefi and Ethereum Foundation Launch ‘Attackathon’ to Enhance Ethereum Security

Immunefi, a major bug bounty and security services platform, has partnered with the Ethereum Foundation to launch the first-ever Attackathon. This crowdsourced security audit contest aims to enhance the security of Ethereum’s protocol code. It includes a time-bound code review program and a comprehensive community education program on Ethereum-related security and technology.

The Ethereum Foundation has seeded the Attackathon reward pool with $500,000, inviting the community to sponsor this initiative. The sponsorship program will close by August 1, after which further details of the Attackathon will be revealed.

Hashgraph Association and Deloitte Partner to Verify ESG Efforts and Combat Greenwashing

The Hashgraph Association (THA) and Deloitte have partnered to enhance the verification of corporate ESG (Environmental, Social, and Governance) impact and sustainability claims. They will introduce the Environmental & Social Impact (ESI) platform, a DLT-based solution designed on the Hedera DLT public ledger.

The ESI platform aims to transform corporations’ net-zero and ESG impact initiatives into verifiable impact claims, leveraging blockchain’s transparency, security, and immutability. It aligns with the UN’s Sustainable Development Goals and meets various ESG standards, enabling businesses to measure, capitalize on, and transparently demonstrate their sustainability efforts.

The Hedera Guardian will play a key role in this process, supporting tokenized quantitative outcomes for a transparent and immutable record of sustainability impacts. This partnership aims to create measurable and independently verifiable assessments of sustainability, which can be capitalized, transferred, and reported.

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