In crypto news today: Crypto market is red today Disney+ Goes Web3: Dapper Labs Integration Hits 150M Subscribers Bdan, Hashed, and Npay to Develop Web3 Wallet for Busan Citizens Twenty One Launches BTC Proof of Reserves, Records Total Capital Raised at $685 Million __________ Crypto market is red today Over the past 24 hours, the global cryptocurrency market capitalization has decreased by 5.4% to $3.43 trillion. At the time of writing, the daily crypto trading volume is $137 billion, rising over the past three days. All top 10 coins per market capitalization are down today. Bitcoin (BTC) dropped 2.9%, now trading at $105,086. Ethereum (ETH) fell 4.5%, now changing hands at $2,609. Dogecoin (DOGE) decreased the most in this category. It fell 9.4% to $0.2039. Of the top 100 coins, only Leo Token (LEO) has increased today. It appreciated 1.3%, now changing hands at $9.19. On the other hand, the top decreases are Fartcoin (FARTCOIN) and Bonk (BONK) , which fell 13.2% and 12.5% to $1.11 and $0.00001746, respectively. Six other coins recorded double-digit drops. Disney+ Goes Web3: Dapper Labs Integration Hits 150M Subscribers Disney+ has announced that it will integrate digital collectibles into its new loyalty program via D isney Pinnacle by NFT giant Dapper Labs . The email sent to Cryptonews highlighted that “out of all the partners announced for the new Disney+ perks program, Dapper Labs is the ONLY web3 company.” Disney+ just got a bit more Dapper With Disney+ Perks, millions of Disney fans can experience the fun of @DisneyPinnacle on @flow_blockchain Collecting is already a huge part of Disney fandom, and @disneypinnacle puts the best parts of it right in the palm of your hand… https://t.co/DCfzplC0TB — Dapper Labs (@dapperlabs) May 29, 2025 Other partners include DoorDash , Funko , Loungefly , Duolingo , and more. Also, as for Dapper Labs, Disney says that customers will have access to “early access to the closed release of Disney Pinnacle by Dapper Labs, a monthly Mystery Capsule + until June 26th to claim a $10 Dapper Credit.” Moreover, the Perks program launches in the US and offers rewards including access to unique experiences, limited-time sweepstakes, savings, and special discounts. Additionally, the email described the news as “a major milestone for web3 adoption.” Disney Pinnacle, it says, has built strong momentum during early access with its character-driven digital collectibles. “Now, with this rollout to over 150 million subscribers, Disney is making that experience instantly accessible: no crypto wallet, no friction,” it claims. You may also like: Roham Gharegozlou, CEO of Dapper Labs, Says Most Things in Life Are Non-Fungible | Ep. 377 Cryptonews Podcast host Matt Zahab recently sat down for an insightful interview with Roham Gharegozlou, the Founder and CEO of NFT giant Dapper Labs and a Board Member of the Flow Foundation, the non-profit that operates parts of layer-1 chain Flow.Gharegozlou discussed how the crypto industry and true ownership are more than just currency, saying that most things in our daily lives are non-fungible and that NFTs haven't seen their major mainstream moment yet.He talked about... Bdan, Hashed, and Npay to Develop Web3 Wallet for Busan Citizens The South Korean’ Busan Digital Asset Exchange (Bdan), global blockchain investment firm Hashed , and Naver’s fintech arm Npay announced the signing of a formal agreement to jointly plan and develop a decentralized Web3 wallet, tentatively named ‘Bidan Jumuni’ (‘Silk Pouch’), for citizens of Busan, the country’s second-largest city. According to the press release, they will collaborate to build “a safe, convenient, and citizen-facing wallet service” as part of a broader initiative to deliver Web3 infrastructure through a “Busan Super App.” Source: Press release. Moreover, Bdan will lead the initiative as the principal operator. Hashed, supported by its venture-building arm ShardLab , will contribute as the Web3 technology partner. Lastly, Npay will contribute with its payments infrastructure and operational experience across finance, payments, and commerce. Beyond wallet development, the three companies will “explore additional innovation-driven services to provide Busan residents with meaningful, tech-enabled experiences,” the announcement says. You may also like: South Korean City Busan Names Digital Exchange Preferred Bidder The South Korean city of Busan is edging closer to the launch of a long-awaited blockchain-powered digital assets trading platform, and has named a preferred bidder.The city has previously pledged to launch the world’s first city government-run exchange before the end of 2023.This ambitious timeline looks set to expire. But the city has moved a step closer to launch by naming a preferred bidder in an operating tender.The city named a consortium of small- and medium-sized... Twenty One Launches BTC Proof of Reserves, Records Total Capital Raised at $685 Million Bitcoin-centric company Twenty One , backed by Tether and SoftBank Group , is launching proof of reserves. This is a public ledger that provides proof of the company’s Bitcoin holdings, allowing anyone to verify that the company actually owns the Bitcoin they claim. Twenty One’s CEO and the founder of the crypto payments firm Strike, Jack Mallers, said they’ll be publishing multiple addresses over the next week, which will prove their Bitcoin reserves. Today, he shared the first one, which contains 4,812.22 BTC. Announcing Proof of Reserves for Twenty One As Bitcoiners, we hear a lot about how Wall Street has arrived to #Bitcoin . With Twenty One, #Bitcoin has arrived on Wall Street. Don't trust, verify. pic.twitter.com/johay8PJFI — Jack Mallers (@jackmallers) May 29, 2025 Also, the four more addresses they plan to publish include 14,000 BTC contributed by Tether, 7,000 BTC contributed by Bitfinex , 10,500 BTC that’s an additional contribution from Tether on behalf of SoftBank, and the BTC that Twenty One plans to acquire via the proceeds from the transaction announced today. Moreover, Mallers also announced that, as of May 22, investors and sponsors have exercised the option to purchase an additional $100 million of convertible senior secured notes. At closing, this brings Twenty One’s total capital raised to $685 million, up from the $585 million disclosed in April. That includes $485 million in convertible notes and $200 million in PIPE equity financing, the email said. You may also like: Strike CEO to Lead New Tether, SoftBank-Backed Bitcoin-Centric Venture Crypto payments firm Strike founder, Jack Mallers, has joined as the CEO of a newly formed Bitcoin-centric company Twenty One.Backed by Tether and SoftBank Group, the company is expected to hold over 42,000 Bitcoin at launch, making it the third-largest BTC treasury, after Strategy and Mara Holdings.Jack Mallers to Bring Bitcoin ExpertiseAccording to an official release, Mallers would bring his expertise in digital global payments to Twenty One, while intending to continue his role... __________ 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 .
