Odaily reports: Ethereum Layer 2 project Kinto has started deposit and withdrawal services on platform X. They plan to add more liquidity and assets soon. Last year, Kinto raised $5 million from investors like Kyber Capital Crypto, SkyBridge Capital, Kraynos, Soft Holdings, Deep Ventures, Modular, Tane, and Robot Ventures. The funding will help them expand their services.
CryptoPotato reports: Bitcoin and other cryptocurrencies saw a significant rise last week, mainly due to the anticipation and approval of spot Ethereum ETFs in the US. Among large altcoins, UNI, PEPE, LDO, and ETH had the biggest gains. Bitcoin struggled to stay above $66,000 but ended the week close to $72,000, a six-week high, amid reports that the SEC might approve eight spot Ethereum ETFs. Despite a mid-week drop, Bitcoin recovered to $69,000 by Friday. The weekend was calm, with Bitcoin holding steady at $69,000, a market cap near $1.370 trillion, and dominance over altcoins at 50.3%. Ethereum's token, ETH, jumped from $3,100 to over $3,900, its highest since April. DOGE, LINK, and APT also saw gains, with UNI up 44% to over $11 and PEPE hitting several all-time highs. Conversely, SOL, TRX, TON, and ADA saw weekly losses. The total crypto market cap rose by over $200 billion, now exceeding $2.7 trillion, thanks to the impact of the Ethereum ETF approvals.