What’s Happening In Crypto Today? Daily Crypto News Digest

In crypto news today:

Crypto market is red today
BTC Likely to Hit $100,000 Milestone by 1 January
BLOCKLORDS Unveils LORDCHAIN: A Layer-3 Solution on Base
All-in-One ZK Platform Bridges $50B DeFi Market with Onchain Domains

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Crypto market is red today

The global cryptocurrency market capitalization fell 2.2% in the past 24 hours to $3.55 trillion.

Additionally, the majority of the top 100 coins per market cap are red at the time of writing.

While XRP (XRP) saw a significant increase of 21.5% to $2.33, Bitcoin (BTC) and Ethereum (ETH) are down around 2% each, currently trading at $95,252 and $3,623, respectively.

BTC Likely to Hit $100,000 Milestone by 1 January

In crypto news today, according to on-chain options DeFi protocol Derive.xyz’s data, as the market dynamics shifted after the US election, it wasn’t likely we would see Bitcoin hitting $100,000 by 1 December.

However, there’s a 76.8% probability that BTC will hit this milestone by 1 January next year, said Sean Dawson, Head of Research at Derive.

Chances are also to spike around Donald Trump’s inauguration on 20 January.

“Looking further out, the probabilities stretch to a 4% chance of BTC exceeding $200,000 by late March and almost four times more likely (14%) by late September,” Dawson said in an email.

Per the commentary, the data showcases “an intense focus” on Bitcoin’s trajectory during key economic events and changing macroeconomic conditions.

“Despite a recent pullback and subdued volatility, trading activity remains high, indicating sustained interest in Bitcoin’s market movements,” Dawson concluded.

BLOCKLORDS Unveils LORDCHAIN: A Layer-3 Solution on Base

MetaKing Studios’ BLOCKLORDS has launched LORDCHAIN, a Layer-3 blockchain solution built on Base.

Per the press release, the Master Validator is now live. This is the first phase of LORDCHAIN’s rollout.

Users can now lock tokens and earn rewards, and they will soon be able to become validators themselves.

LORDCHAIN will introduce a testnet phase, followed by the full mainnet launch.

The announcement states that this blockchain is “designed to redefine the gaming landscape.”

It features true play-to-own mechanics, minimal fees, near-instant transactions within a secure environment, and enhanced scalability and performance, the team claims.

Scaling-wise, given that BLOCKLORDS Dynasty attracted 1.85 million users and over 80 million transactions on Base, LORDCHAIN is capable of accommodating up to 100 million users and handling billions of transactions.

Its target is a throughput of 5 million gas per second, and it may offer even higher capacity based on demand.

Also, it is built on the Optimism Stack framework to ensure compatibility and interoperability within the broader blockchain ecosystem.

Meanwhile, the bridging time between Base and LORDCHAIN is less than 10 seconds, said the announcement.

Users pay all transaction fees using the LRDS token to improve in-game economy.

Bybit Card Accepts Pre-Registration for Physical Cards in Brazil

In other crypto news today, the Bybit exchange announced that users in Brazil can now pre-register their interest in the physical Bybit Card.

According to the press release, there will be free card issuance for a limited time.

Users need to apply for a virtual card and wait for approval, then sign in and pre-register to secure the physical card for free.

Additionally, until the end of 2024, successful applicants will be able to unlock a 150 BRL reward by depositing 100 USDT and spending with the card.

Other benefits include zero annual or hidden fees; 2% cashback in USDT, BTC, and ETH on eligible purchases, and up to 8% APY, said the announcement.

Crypto market is red today

BTC Likely to Hit $100,000 Milestone by 1 January

BLOCKLORDS Unveils LORDCHAIN: A Layer-3 Solution on Base

Bybit Card Accepts Pre-Registration for Physical Cards in Brazil

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