In crypto news today: Crypto market is red today Rio, the 18th Tezos Protocol Upgrade, is Live World Network Launches in the US Sui and Fireblocks Partner to Enhance Native SUI Custody, DeFi Access __________ Crypto market is red today After a day of greenery, the market has turned red yet again. Over the past 24 hours, the global cryptocurrency market capitalization has decreased by 0.9%, currently standing at $3.12 trillion. At the time of writing, the daily crypto trading volume is $87.1 billion, trending downwards after a brief recovery to the typical levels. In the top 10 coins category, six coins are red and two are green (not taking stablecoins into account). Bitcoin (BTC) and Dogecoin (DOGE) are the only two coins that have recorded increases over the past day. BTC is up 0.7% to $96,885, while DOGE rose 0.9% to $0.1806, making it the category’s best performer. Meanwhile, Tron (TRX) fell the most. It’s down 1.6% to $0.1806. Solana (SOL) and XRP are next, having decreased by 1.2% and 1.1% respectively, while Ethereum (ETH) fell 0.9%, now trading at $1,831. When it comes to the top 100 coins per market cap, most are red today. Artificial Superintelligence Alliance (FET) is down 7.8%, currently standing at $0.7113, while Ethena (ENA) decreased by 7.6% to the price of $0.3094. At the same time, Immutable (IMX) appreciated 11%, now trading at $0.641. The next highest gainer is EOS (EOS) 8.3%, currently changing hands at $0.7368. Rio, the 18th Tezos Protocol Upgrade, is Live Blockchain platform Tezos has successfully activated Rio , its 18 th protocol upgrade. The team activated the upgrade after an on-chain voting and governance process, introducing several changes that make staking on Tezos more flexible, the announcement says. This is also a move towards the adoption of the Data Availability Layer (DAL), a critical component for boosting Layer 2 scalability. The Tezos DAL was activated on Mainnet with the Paris protocol upgrade in 2024, designed to significantly increase (by up to 4,000x) the amount of transaction data that can be published on-chain and lower costs for rollups like Etherlink . Rio also adjusts Tezos’ rewards model to support and incentivize maintaining its security and integrity. Rio, the 18th Tezos protocol upgrade, is live! More flexible staking with 1-day cycles New rewards model supporting DAL participation for higher Layer 2 scalability Enhanced network resilience with stricter baker inactivity rules pic.twitter.com/4Xkd7bmZsJ — Tezos (@tezos) May 1, 2025 Additionally, the upgrade reduces the network cycle length from around three days to one day to make it faster and easier for users to “explore staking and other network activities.” Also, protocol developers will work to further reduce wait times for unstaking in future protocol upgrade proposals. Moreover, to ensure smooth L1 network operation, the Rio upgrade introduces stricter baker inactivity thresholds, the team says. Unresponsive bakers are now marked as inactive after two days, losing their consensus rights until they rejoin. The changes introduced with Rio have been jointly developed by teams at Nomadic Labs , Trilitech , and Functori . You might also like Tezos Aims to Democratize Uranium Trading with Blockchain-Based Uranium.io Platform World Network Launches in the US Tools for Humanity , the company behind World Network , announced the launch of World in the United States. Per the blog post, World and all related services have become available in Atlanta, Austin, Los Angeles, Miami, Nashville, and San Francisco on 1 May. This includes verified World ID , Worldcoin (WLD) token access and airdrops, and the full ecosystem of applications. The @Razer x World partnership is leveling up. Next stop: Orbs in U.S. RazerStores. More to follow. pic.twitter.com/nEojrMw8O6 — World (@worldcoin) May 1, 2025 Also, the NVIDIA -powered Orbs will be available across the USA via standalone World Spaces and partner locations such as Razer stores, the team says. The team announced additional updates as well. This includes the World Visa Card , a debit card exclusively for verified humans that connects directly to World App, as well as World App 4.0 . The latter includes new Mini Apps with Morpho and Kalshi , native USDC support, and an improved UX. The team’s Orb Mini is a handheld device that delivers the same technology and security as the Orb. Lastly, it also stated that World ID will bring more trust and safety to online dating with human-verified profiles. You might also like World Network Partners With Global Gaming Brand Razer, Reveals New Proof-of-Human Tech Sui and Fireblocks Partner to Enhance Native SUI Custody, DeFi Access Layer-1 network Sui says it will soon partner with digital asset infrastructure company Fireblocks to improve institutional-grade infrastructure on the Sui network and expand institutional access to its ecosystem. Per the press release, Fireblocks will enable institutions to engage with Sui at scale, including custody and DeFi connectivity. Major unlock for institutional participation with SUI via @FireblocksHQ . Institutional access is coming: with secure native custody, staking, and DeFi access soon possible through Fireblocks. SUI is enterprise-ready. pic.twitter.com/PNvDsLoORX — Sui (@SuiNetwork) May 1, 2025 Furthermore, the integration will bring a suite of capabilities to Sui, including native custody for the SUI coin and full support for the SUI Coin Standard . This will enable seamless storage and management of Sui-based tokens, the team says. Additionally, the suite will include direct exchange connectivity for Sui-based tokens and access to Sui DeFi protocols through WalletConnect . “The Fireblocks integration will mark the latest milestone in a breakout year for the network, which continues to see its reach and influence expand within the institutional sector,” the press release says. Meanwhile, Sui recently surpassed a stablecoin market capitalization of $860 million, monthly stablecoin transfer volume of $70 billion, and total DEX volume of $110 billion. You might also like Sui to Add Support for Stacks’ sBTC, BTCfi Holds $5.8 Billion in TVL __________ Bookmark this page and subscribe to our newsletter for the latest crypto news updates! The post What’s Happening in Crypto Today? Daily Crypto News Digest appeared first on Cryptonews .
