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

 

Why is crypto down today?

The global crypto market capitalization today stands at $2.33 trillion. According to CoinGecko, it is down 3.4% over the last 24 hours.

Only two coins among the top 100 per market cap are up today.

Bitget Token (BGB) appreciated 8.6% to $1.3, making it the best performer overall.

Litecoin (LTC) increased by 0.5%, trading at $79.

As for the red coins, nine have seen double-digit drops.

The highest of these is Zebec Protocol (ZBC)’s 14.7% to $0.02505.

The next one is Ethena (ENA), with a 14.5% drop, currently standing at $0.8537,

Among the top 10 coins per market cap, there (like yesterday) isn’t a single green coin.Source: coingecko.com

Dogecoin (DOGE) fell the most: 9.4% to $0.1418.

Solana (SOL) and Toncoin (TON) follow it, with 7.7% and 7.6%, respectively.

At the same time, Bitcoin (BTC)’s price declined nearly 4%, now changing hands at $61,065.

Ethereum (ETH) is down 3.7%, trading at $2,970.

Meanwhile, as the US dollar experiences its strongest five-day surge in 14 months, Bitcoin has seen a notable decline.

This drop is influenced by the likelihood of prolonged high interest rates.

Also, blockchain analytics platform Santiment suggested that the current bearish sentiment surrounding Bitcoin may soon be overturned.

There is a historical tendency for prices to move in the opposite direction of mass traders’ expectations, it found.

Spy Site Sells Discord Messages for Crypto

A service called Spy Pet is selling Discord data to anyone willing to pay crypto.

This online service sells access to a database of some 3 billion Discord messages, 404 Media reported.

It is “scraping Discord servers en masse,” more than 10,000 of them, the report said, “archiving and tracking users’ messages and activity across servers including what voice channels they join.”

It also tracks connected accounts, such as GitHub.

Buyers can get data for as little as $5.

They can pay for it in Bitcoin, Ethereum, or other cryptocurrency.Source: spy.pet

On Discord, a single user’s activity is spread across different servers. Discord is supposed to be the only entity able to see what messages a user sent across the platform.

However, third parties can use Spy Pet to search for specific users and see the messages they post across servers at once.

This can include police, or stalkers and any other party with nefarious intentions.

Notably, “the news is not only a brazen abuse of Discord’s platform, but also highlights that Discord messages may be more susceptible to monitoring than ordinary users assume.”

Besides selling access, Spy Pet also offers data for training AI models or assisting law enforcement agencies.

Spy Pet’s website claims to be tracking more than 14,200 servers and nearly 630 million users.

It also claims to include a database of more than 3 billion messages and has logged almost 4.1 billion messages so far.

Ironically, the website states: “We prioritize your privacy as a user searcher. Your searches are secure and confidential.”Source: spy.pet

Bybit and Luxury Watchmaker Franck Muller Unveil Web3 Game Cosmic Gears

Crypto exchange Bybit has partnered with Swiss luxury watchmaker Franck Muller to reveal Cosmic Gears, a Web3 game with a $250,000 prize pool and an exclusive watch collection.

According to the press release, Cosmic Gears is developed alongside award-winning Web3 game studio Sidus Heroes.

This is an arcade game that combines mathematical challenges with interstellar exploration, the team said.

Therefore, it is suitable for players of all ages and skill sets.




The game “blends cutting-edge technology with the unparalleled craftsmanship and innovation,” “shatter[ing] the boundaries between GameFi and luxury,” it remarked.

Furthermore, players can compete in the Cosmic Gears Tournament for a share of the $250,000 prize pool.

This includes the “Free the Money. Free the World” watches, valued at $25,000 each.

The tournament will last from April 29 through May 29, 2024.

Bybit co-founder and CEO Ben Zhou noted that the partnership with Franck Muller began last year.

“With the Cosmic Gears Tournament, we invite gamers to embark on an unforgettable journey while showcasing the seamless integration of cryptocurrency and gaming,” Zhou said.

Ex-Activision Blizzard Exec Steve Young Joins Web3 Game Company Param Labs

Blockchain game and technology development studio Param Labs has appointed Steve Young, the former President of Consumer Products at Activision Blizzard, to the board

This follows the company’s flagship game’s success: raising $4 million in revenue over the past eleven months, the press release said.

Young has spent more than 25 years in consumer products and gaming.

He joined the Unilever Group in 1992 and was responsible for total annual revenues of over $180 million.Source: Param Labs

In 2025, he moved to Activision Blizzard, developing retail programming for its famous brands, such as Spider-Man and Call of Duty, and being responsible for over $75 million in budget for marketing.

While there, Young became the president of the consumer products group at Activision and chief revenue officer, leading Activision’s global commercial teams.

At that point, he was responsible for worldwide digital and retail software sales with total revenue responsibilities of over $2.8 billion.

Young remarked that he had a “deep and innate love” for technology and gaming. Because of this, he joined Param Labs and its game Kiraverse.

His goal is to help the company increase the adoption of blockchain technology and its games.

Meanwhile, Param Labs has also welcomed its new Strategic Advisor, Joe Pokrzywa, the former COO of OpTic Gaming and Vice-President of Ops & Revenue at NRG Esports.Source: Param Labs

Param Labs has received backing and investment from the Abu Dhabi Government, Animoca Brands, Immutable X, and more.

Meanwhile, Kiraverse is Param Labs’ flagship title.

It’s an open-world action shooter similar to Fortnite or PUBG, said the team, but “with the ability to import NFTs from any collection on the market or game genre for a unique, cross-IP and cross-ecosystem experience.”

Kiraverse experienced annual growth of 100% for the last couple of years, the team said. It sold over 30,000 NFTs with over $1.5 million in revenues and more than $8 million in trading volume generated the previous year on NFT marketplaces.

The game sits in its beta phase.