From LayerZero to Strategy: 5 Stories Shaping the Record-Breaking Crypto Market

• The total crypto market cap has reached a record $4.1 trillion, driven by the Bitcoin and Ethereum surges, as well as big institutional investment
• Strategy once again acquired Bitcoin, this time buying 155 BTC at an average price of $116,401
• The LayerZero Foundation has proposed a $110 million acquisition of Stargate Finance, using a token swap to consolidate their cross-chain functionalities into a single protocol

The crypto industry has been doing rather well lately, with several trending stories that stand out.

The biggest story is the market itself, when the total crypto market cap reached a record $4.1 trillion. This was likely driven by a combination of optimism surrounding US inflation data and big institutional investment, including that from ETFs.

Bitcoin and Ethereum surging also helped, with BTC going over $122k and ETH going over $4,300. 

The Full Story. That new all-time high was a huge milestone. Here’s CoinEdition’s report into the numbers.

Speaking of institutional investment, Strategy once again acquired Bitcoin, this time buying 155 BTC at an average price of $116,401. Interestingly, the purchase is the company’s smallest since Ma…

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