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

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Crypto market is green today

The cryptocurrency market continues its green streak.

In the last day, global cryptocurrency market capitalization went up 2.4%, reaching $3.66 trillion.

At the time of writing, the daily crypto trading volume is $194 billion.

Of the top 100 coins per marker cap, only four are down, with the highest fall being 4.2%.

Furthermore, all top 10 coins per market cap appreciated today.

For the second day in a row, the best performer is XRP (XRP). Its price increased by 17.3% to $3.34. Solana (SOL) followed, with a 9.3% increase to $212.21.

At the same time, Bitcoin (BTC) is unchanged over the past 24 hours, trading at $98,985, while Ethereum (ETH) increased 1.4% to $3,335.

El Dorado Integrates Safe Infrastructure for Self-Custodial Wallet

Safe, a smart contract wallet infrastructure provider, announced a strategic partnership with El Dorado, Latin America’s stablecoin-powered SuperApp.

The press shared with Cryptonews stated that this collaboration provides El Dorado’s new self-custodial wallet with Safe’s smart contracts' enhanced security, enabling seamless stablecoin transactions across the region.

The new El Dorado self-custodial wallet users can transact and save in stablecoins, maintaining full control over their assets, the team said.

To date, El Dorado's platform has facilitated over 3 million peer-to-peer USDT transactions for more than 400,000 Latin Americans across Argentina, Bolivia, Brazil, Colombia, Panama, Peru, and Venezuela.

Furthermore, it's focused on interoperability across more than 70 of Latin America's top finance apps.

Want the full scoop on how we're helping @eldoradoio make self-custody both secure AND simple for millions of LatAm users? Check out our latest blog post!https://t.co/IpO0lOESHQ

— Safe (@safe) January 16, 2025

Safe co-founder Richard Meissner said that this team provides robust, secure, and user-centric infrastructure for digital asset management.

"Partnering with El Dorado allows us to support millions of Latin Americans as they embrace stablecoins and decentralized finance with confidence," he said.

Juan Andreu, CTO and co-founder of El Dorado, added that "El Dorado's mission has always been to make stablecoins accessible, usable, and secure for Latin Americans."

Now, through this collaboration, users can "access a new self-custodial wallet that prioritizes security and usability," he stated.

Changelly Partners with Revolut to Offer Better Rates for Crypto Purchases in the EEA

Global instant exchange platform Changelly partnered with major financial app Revolut to enable users to make fast and secure crypto purchases at competitive rates through Revolut Ramp in the EEA.

Notably, the integration expands the list of fiat providers in Changelly's aggregator, the announcement shared with Cryptonews said. This way, users have more choices when buying crypto.

Users can now buy over 30 cryptocurrencies with over 20 fiat currencies, with debit and credit cards and Revolut Pay.

The partnership's goal is to improve fiat on-ramp rates and make crypto purchases more accessible and cost-effective.

Therefore, the teams said, Revolut Ramp offers "market-leading rates" and a simple way to buy crypto with few clicks across Changelly's platform and mobile app.

"This collaboration especially benefits eligible Revolut customers who can complete transactions without additional verification," said the announcement.

Exciting news! Changelly has partnered with @RevolutApp to introduce Revolut as a new fiat provider in the EEA countries

Revolut users can now enjoy industry-leading rates and smooth transactions, making crypto purchases easier and more cost-effective than ever

→… pic.twitter.com/ZEaeYkkRiE

— Changelly (@Changelly_team) January 16, 2025

Michael Hey, Product Owner of Revolut Ramp, stated that the partnership allows the company's 50 million customers to easily buy crypto directly into any wallet they own via Changelly.

"We've seen Revolut Ramp grow really fast this year as users enjoy the ease of buying crypto without additional KYC and paying directly from their Revolut account at competitive rates and with high success rates," he said. "We're excited to give access to this product to more and more users through partnerships like this."

Zifa Mae, Head of Product at Changelly, argued that, through the integration, the platform has streamlined the crypto purchase process for both Revolut and Changelly users, reduced transaction times, and provided "impressive limits."

"This efficiency, coupled with our competitive rates, not only strengthens our position in the crypto market but also enhances our ability to serve a broader user base," Mae concluded.

Quai Network Launches Mainnet and Dual-Token System

Layer 1 blockchain Quai Network announces its Mainnet launch on 29 January 29 and Token Generation Event (TGE) on 3 February.

According to the press release shared with Cryptonews, this launch will introduce a dual-token system: QUAI, a utility token for smart contracts and decentralized applications, and QI, an energy-backed stablecoin designed as a decentralized alternative to traditional financial systems.

These tokens serve distinct roles within the network. QUAI underpins Quai Network's account-based ledger and enables use cases such as dapps, value transfers, and programmable financial systems.

It also integrates with the EVM ecosystem, meaning that developers can deploy DeFi solutions, NFT platforms, and other blockchain applications.

QI provides "a reliable monetary standard anchored to real-world energy costs," thus supporting decentralized financial applications, seamless value exchange, and energy-efficient mining practices.

"Together, $QUAI and $QI form the backbone of Quai Network's dual-token system, driving scalability, innovation, and decentralization while enabling new use cases across the blockchain ecosystem," the team said.

As part of the Mainnet launch, Quai Network will distribute QUAI to key stakeholders, including testnet participants, ecosystem developers, and early supporters.

Golden Age Snapshot: Complete

That's a wrap on our final testnet! Thank you so much for being part of this incredible Age.

The team has taken a snapshot of the blockchain for rewards distribution. This officially marks the end of testnet at block 1,545,000.

While…

— Quai Network (@QuaiNetwork) January 15, 2025

Meanwhile, to reach the mainnet stage, the network has passed through multiple testnet stages, starting with the Stone Age in 2021 and ending with the current Golden Age.

The Golden Age testnet data show "a significant user engagement" with over 2,000 nodes, 42,000 GPUs, and 60,000 wallets participating.

"Throughout this evolution, Quai has delivered key innovations such as Proof-of-Entropy-Minima (PoEM) consensus, cross-chain transactions, and unparalleled scalability," the team said.

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The post What's Happening in Crypto Today? Daily Crypto News Digest appeared first on Cryptonews.