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

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Why is crypto up today?

The global cryptocurrency market capitalization stands at $2.4 trillion today. This is a 1.3% increase over the past 24 hours.

At the same time, the total crypto trading volume reached $115 billion, which is a significantly higher number than ~80 billion we’ve been seeing over the past few weeks.

Only eight out of the top 100 coins are red today.

At the top of this list we find Injective (INJ). It recorded a 2% decrease, trading at $23.15.

Aptos (APT) and Artificial Superintelligence Alliance (FET) are each down just below 2%, while the rest of the list fell below 1%.

On the other, green side, the top three best performers are all meme coins.

Pepe (PEPE) is up 16% to the price of $0.00001038.

It’s followed by Shiba Inu (SHIB) and FLOKI (FLOKI), with rises of 15.8% and 15.3% to $0.00001898 and $0.0001677, respectively.

Four other coins recorded double-digit increases.

When it comes to the top 10 coins per market cap, all of them are up today.

Dogecoin (DOGE) is the day’s best performer in this category. It’s up 7.2% to $0.12261.

Notably, Cardano (ADA) is back in the top ten list, pushing Toncoin out, with a 3% increase to the price of $0.40858.

Bitcoin (BTC) recorded a 2.5% rise to $65,450, while Ethereum (ETH) increased by 1.3%, changing hands at $2,660.

Meanwhile, BNY Mellon received approval from the US Securities and Exchange Commission for a proposal on how to custody Bitcoin and Ether, ensuring asset protection in case of bank failure.

The SEC’s “non-objection” means BNY Mellon can record the assets’ value on its balance sheet.

SEC Chair Gary Gensler noted that any bank with a similar setup would receive the same approval.

Wall…