14 june Crypto News- Today’s Developments In The Crypto Markets
Crypto News– Among the top 100 cryptocurrencies by market cap, only six have managed to see their prices increase today. The standout performer in this category is Notcoin (NOT), which has enjoyed a 7.2% rise, bringing its price up to $0.01744. TONCOIN (TON) follows closely, appreciating by 6.9% to reach $7.55. Other notable gainers include Stacks (STX) and Injective (INJ), both of which have seen their prices climb by around 5%, now trading at $2.30 and $30, respectively.
Despite the limited number of gainers, it’s worth noting that more coins are in the green than in the red today. However, the losses among the declining coins are significant. Leading the list of losers is BRETT, which has experienced a sharp drop of 12.4%, falling to $0.1464. FLOKI also took a substantial hit, with its price decreasing by 8.2% to $0.0002197. The meme coin sector hasn’t fared well either, with BONK, WIF, and PEPE each down between 5% and 6%.
Shifting our focus to the top 10 cryptocurrencies by market cap, we observe that most of these major players are in the red today. The market sentiment among these top coins appears to be bearish, reflecting a broader trend of declines across the crypto landscape. While a few coins have managed to buck the trend and post gains, the overall picture suggests a challenging environment for the majority of digital assets.
Synonym Unveils Bitkit Bitcoin Wallet on App Stores
In today’s crypto news, Synonym, a software company, announced that its self-custodial Bitcoin wallet, Bitkit, is now fully available on the App Stores after moving out of beta testing.
According to a press release shared with Cryptonews, Bitkit supports Bitcoin transactions both on-chain and over the Lightning Network, and is accessible to everyone.
Starting today, users on iOS and Android platforms can access Bitkit. The wallet offers a sophisticated, user-friendly interface paired with the security of self-custody, the team stated.
One of the standout features of Bitkit is its ability to send and receive BTC without relying on third-party custodians. The developers emphasized that in a competitive market where custodial shortcuts are common, Bitkit sets itself apart by remaining fully self-custodial.
John Carvalho, CEO of Synonym, pointed out that custodial wallets have dominated the market since the Lightning Network began gaining traction in 2020, which he argued contradicts Bitcoin’s core principles. Bitkit was created to counter this trend by offering a powerful, accessible, self-custodial alternative, Carvalho said.
Looking ahead, Bitkit plans a comprehensive rewrite post-launch. Additionally, the team is collaborating with leading wallet developers to establish unified specifications for Lightning Service Providers (LSPs), a crucial step towards broader Lightning Network adoption.
Fetch.ai, SingularityNET, and Ocean Protocol Delay Token Merger
The Artificial Superintelligence Alliance, a consortium comprised of Fetch.ai, SingularityNET, and Ocean Protocol, has announced a new date for the ASI token merger. Originally scheduled for June 13, the merger will now take place on July 15, 2024.
The delay, according to the press release, is necessary to address the logistical requirements and technical dependencies involving exchanges, validators, and other ecosystem collaborators.
On July 15, the tokens FET, AGIX, and OCEAN will be merged into the new ASI token. Following the completion of third-party integrations, the ASI token will be officially launched, at which point FET, AGIX, and OCEAN will no longer trade independently.
Minima Blockchain Launches On-Chain Race Data Logger for McLaren GT4 Supercar
In other crypto news today, Minima, a decentralized and device-agnostic Layer 1 blockchain for DePIN projects, has partnered with data platform Influx Technology to integrate a blockchain-powered data tracker into a McLaren GT4 supercar. This innovation is set to debut ahead of the Spa-Francorchamps race in June.
According to the press release, the ‘DePIN Data Logger‘ captures data directly from the car’s engine, collecting over twenty parameters. These include vehicle ignition timing, braking, oil pressure, engine temperature, steering angle and rotation, and gear switching.
Minima’s blockchain secures this data, ensuring its immutability and providing a reliable provenance trail.
This innovative approach promises to elevate data capture and analysis to unprecedented levels for the world’s most prestigious racing teams, the announcement stated.
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