Over the past 24 hours, the global cryptocurrency market cap fell 9% to $3.01 trillion - its lowest level in months.

At the time of writing, daily crypto trading volume reached $243 billion, higher than in recent days.

Only five of the top 100 coins by market cap are up. Leading the way is Story (IP), which is up 13.5% to $4.67. In contrast, Hedera (HBAR) is down the most, down 15.8% to $0.1865.

Bitcoin (BTC) is down 6.8% to $88,855, Ethereum (ETH) is down 9.6% to $2,416. None of the top 10 coins are up. Solana (SOL) fell the most, down 12.3%, trading at $138, while Binance Coin (BNB) fell 4.5% to $612.

Walrus Integrates with Linera - A New Step in Web3

The Linera blockchain will integrate the Walrus decentralized storage protocol, helping developers build scalable and faster Web3 applications.

Linera operates on a microchain model, allowing data and transactions to be processed across multiple chains in parallel. This integration will increase transparency, optimize the ability to retrieve and process data on the chain.

BTC below $90,000 as institutional funds withdraw

BTC is down 7% in 24 hours and 15% in the past month, currently trading at $88,855. Sean Dawson, Head of Research at Derive.xyz, attributed this to institutional funds withdrawing $900 million from BTC ETFs in the past three weeks.

Investors are increasingly concerned about global macroeconomic instability, including the US presidential election, the Russia-Ukraine war, and the Israel-Gaza conflict. The probability of BTC hitting $100,000 by March 28 has dropped to 30%, while the target of $125,000 by June 27 is only 15%.

Memes Lab raises $2.3 million for memecoin platform

Memes Lab, a platform that combines SocialFi and memecoin on TON, has just raised $2.3 million from major funds such as Lemniscap, OKX Ventures, and Animoca Brands.

The platform allows Telegram users to create and trade memecoin, automatically creating chat groups when the coin is released. Additionally, users can purchase memecoin using Telegram Stars, Telegram's native token, which enhances the trading experience and virality of memecoin.