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

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Crypto market is green today

Over the past 24 hours, the global cryptocurrency market capitalization has increased by 0.5% to $3.57 trillion. At the time of writing, the daily crypto trading volume is $91.7 billion – lower than what we typically see.

All coins in the top 10 category are up today. Cardano (ADA) is the day’s best performer, having increased by 3.9% to the current price of $0.767. It’s followed by Solana (SOL), which appreciated 3.5% to $177.

At the same time, Bitcoin (BTC) increased by 1.4%, now trading at $109,783, while Ethereum (ETH) rose by 2.8% to the price of $2,567.

Only two of the top 100 coins per market cap have seen their prices decrease, but both below 0.5%, meaning that they’re unchanged. XDC Network (XDC) and Fasttoken (FTN) are currently changing hands at $0.06773 and $4.41, respectively.

Jupiter (JUP) and Virtuals Protocol (VIRTUAL) are the highest gainers in this category. They’re up 17.4% and 16.6% to $0.6158 and $2.23, respectively. Two other coins (FET and UNI) recorded double-digit gains.

Compass Mining Partners with Synota’s ‘Impact Mining’ Initiative

Compass Mining, a provider of Bitcoin mining infrastructure and services, has become the inaugural donor to Synota’s Impact Mining initiative. According to the press release, Compass is turning Bitcoin’s hashrate into a humanitarian resource.

Therefore, the collaboration will show that Bitcoin mining industry can contribute directly to energy access, healthcare, and education in underserved communities without leaving the data center, it said. It will provide an “affordable, reliable energy for underserved communities.”

Moreover, Compass Mining has directed some of its mining machines’ output to a Bitcoin mining pool configuration provided by Synota and managed on behalf of Renewvia Solar Africa, an operator of clean energy mini-grids in Africa. The revenue generated by this hashrate is used to offset electricity costs for critical infrastructure in Nigeria.

“This is hashrate with heart,” said Compass Mining CEO Paul Gosker. “We’re proud to show our customers and the broader industry how Bitcoin mining can improve lives, not just balance sheets.” Austin Mitchell, CEO and Co-founder of Synota, added that “donating hashrate also offers tax advantages, and we’re building the infrastructure to support that.”

NFT Platform Biru Introduces ‘First-Ever’ PFP Project on Soneium

NFT platform Biru says it has introduced the “first-ever” profile picture (PFP) project on the Soneium ecosystem, which will launch on 28 May. According to the press release, the move integrates digital identity and cross-platform utility.

Its representative PFP collection is Birunoko, created in collaboration with the Traiwanese artisr R.T Dragon. This virtual character will serve as the face of a new brand IP and as a game pass across the Soneium ecosystem.

Also, the first confirmed collaboration is with TiltPlay, a gaming platform in Soneium ecosystem, where Birunoko holders will gain access to exclusive characters and in-game buffs, the team says.

Moreover, as part of its long-term strategy, Biru is expanding its presence in Japan. Its local office will help it strengthen business development and strategic partnerships. It will also enable closer collaboration with regional communities and deeper involvement in Asia’s NFT and gaming scene.

AB Charity Foundation Adds 10 ‘Internationally Influential’ People to Its Board

AB Charity Foundation (AB Foundation X AB Blockchain) has added ten international and influential statespersons and global affairs experts to its Senior Advisory Board. Per the press release, the move strengthens the Foundation’s “strategic think tank and supporting AB Foundation X AB Blockchain in expanding technology-enabled philanthropy and global collaboration.”

AB Charity Foundation is an independent international NGO registered in Ireland with EU legal status, supported technologically by AB DAO.

Therefore, new Senior Advisory Board Members include: former President of Nigeria Olusegun Obasanjo, former President of Ukraine Victor Yushchenko, former Canadian Chief Policy Advisor Thomas Axworthy, former Prime Minister of Kyrgyzstan Dzhoomart Otorbaev, Minister of Foreign Affairs of Saint Kitts and Nevis Denzil Douglas, senior expert at the World Health Organization Joanna Nurse, active participant in Egypt’s social welfare and education sectors Maha Ibrahim Mohamed Morsy, an advocate for healthcare and child welfare Kateryna Yushchenko, legal expert and diplomat Antonina Stoyanova, and Bolivian advocate for social services and education Milena Dobronic.

The team says that the addition of these figures means the Foundation’s advisory network spans five continents and nearly 30 former and sitting heads of state, international organization leaders, and policy experts. This helps it form “a cross-cultural, cross-sector, cross-institutional ‘Global Philanthropy Strategy Engine’.”

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