In crypto news today: Crypto market is red today Tether Backs Chile Exchange Orionx PancakeSwap Hits ATH of $173 Billion Monthly Trading Volume Morph Appoints Colin Goltra as Chief Executive Officer __________ Crypto market is red today The global cryptocurrency market capitalization has declined by 2.2% over the past 24 hours to $3.43 trillion. At the time of writing, the daily crypto trading volume is $95.5 billion, still relatively low. Three of the top 10 coins per market capitalization are up today. Bitcoin (BTC) decreased by 0.4%, meaning that it’s mostly unchanged, now trading at $105,139. Ethereum (ETH) also stands unchanged over the past day, with an increase of less than 0.1%, now trading at $2,622. The category’s best performer is XRP , having increased by 1.1% to $2.24. At the same time, the highest loss is Solana (SOL)’s 3%, currently changing hands at $156. However, most of the top 100 coins have turned red today. Fartcoin (FARTCOIN) saw the biggest decrease: 9.9% to $1.05. Lastly, Quant (QNT) appreciated the most in this category: 4.3% to the price of $114.49. Tether Backs Chile Exchange Orionx Tether has announced its investment in Orionx , a Chilean digital asset exchange and a financial infrastructure company specializing in cross-border payments. According to the press release, this investment officially closes Orionx’s Series A funding round. It will allow the company to consolidate its regional operations. Tether Announces Strategic Investment in Orionx to Advance Digital Asset Adoption Across Latin America Read more: https://t.co/IO130FuWzU — Tether (@Tether_to) June 3, 2025 Furthermore, it will improve its technological capabilities, as well as scale stablecoin-powered infrastructure for remittances, payment collection, and treasury services across Latin America ( LATAM ). Orionx has operations across Chile, Peru, Colombia, and Mexico. It integrates cryptocurrencies into both B2B and retail systems, “delivering cost-effective financial tools,” it says. Meanwhile, Tether also announced that the USDT stablecoin on Aptos is now live on the Flipster exchange. USD₮ on @Aptos is now live on @flipster_io pic.twitter.com/g1VBJm7C6Y — Tether (@Tether_to) June 4, 2025 You may also like: Jack Mallers’ Twenty One Capital Receives Over 25,000 BTC as Pre-Funding From Tether, Bitfinex Stablecoin giant Tether and Bitfinex exchange have transferred 25,812 Bitcoin, worth nearly $2.7 billion, to a new wallet, per Tether CEO Paolo Ardoino.On Monday, Ardoino said that the transfer would help support their investment in Bitcoin treasury firm Twenty One Capital.He wrote on X that the transfer is a part of the “pre-funding of the initial convert/equity raise in Twenty One Capital.”https://twitter.com/paoloardoino/status/1929616736992788768Twenty One Capital, led by... PancakeSwap Hits ATH of $173 Billion Monthly Trading Volume PancakeSwap , a multi-chain decentralized exchange (DEX), has seen the highest monthly trading volume in its history. In May, it recorded $173 billion in total monthly trading volumes. Furthermore, it recorded over $205 billion in trading volumes for Q1 2025. It expects to achieve another all-time high in Q2 2025, as current volume for Q2 has already reached $203 billion: $30 billion in April and $173 billion in May. $173 BILLION MONTHLY TRADING VOLUME. Still building. Job’s not done. pic.twitter.com/QwB49LL9Qp — PancakeSwap (@PancakeSwap) June 3, 2025 The team noted three more key developments: the launch of PancakeSwap Infinity (FKA v4), expansion across blockchains, and BNB Chain dominance. Speaking of which, BNB Chain recorded $178 billion in volume in May, a record high, and has processed over $430 billion in DEX volume this year. It’s also the leading chain by trading activity, with DEX trading volume market share at 67%. “This record-breaking volume is a testament to what’s possible when DeFi is made accessible, innovative, and user-friendly,” commented Chef Kids, Head Chef of PancakeSwap You may also like: PancakeSwap Reveals No-Code Token Launchpad Platform ‘SpringBoard’ Major decentralized exchange (DEX) PancakeSwap has launched PancakeSwap SpringBoard, described as an all-in-one token launchpad platform for creating and launching tokens, as well as liquidity integration, on the popular DEX.According to the press release shared with Cryptonews, the new platform enables projects, developers, and creators to create and launch their tokens on the BNB Chain PancakeSwap.Notably, the process is fast and requires no coding, the team highlights.Projects... Morph Appoints Colin Goltra as Chief Executive Officer Ethereum Layer 2 Morph today announced the appointment of Colin Goltra as Chief Executive Officer. Colin previously served as Morph’s Chief Growth Officer, leading initiatives across ecosystem growth, strategic partnerships, and user adoption. Per the press release, Goltra will now lead the company “through its next phase of growth and continue advancing its mission to make finance more open, programmable, and onchain.” We’re pleased to announce Colin Goltra @Goltra as the new CEO of Morph. As former CGO, Colin brings deep experience and alignment with Morph’s vision, strategy, and community. He steps into the role to lead Morph’s next phase of growth in onchain consumer finance. Let’s Morph! pic.twitter.com/TaDkITj2Xz — Morph (@MorphLayer) June 3, 2025 The new CEO has more than a decade of experience in Web3 and digital finance. He previously served as Chief Operating Officer at Yield Guild Games and held leadership roles at Binance and Coins.ph . He worked to help the expansion of crypto accessibility across Asia and other emerging markets. Meanwhile, co-founder and former CEO Cecilia Hsueh will continue with the company in an advisory capacity. Also, Morph says that, since launching its mainnet in 2024, it has raised over 20 million dollars in funding from Dragonfly Capital , Pantera Capital , Foresight Ventures , Bitget , and others. You may also like: Azeem Khan on Crypto Donations, Web3, and Launching Morph: Building the Next Gen Blockchain Ecosystem | Ep. 379 In a recent Cryptonews.com interview, Azeem Khan, Co-Founder of Morph, shared insights on his journey in Web3, the rise of crypto donations, and the launch of Morph, an innovative Layer 2 blockchain focused on fostering Web3’s future applications. Here’s a look into how Khan’s philanthropic mindset and deep-rooted blockchain expertise are shaping the industry.Empowering Impact Through Crypto and PhilanthropyKhan’s drive for social good runs deep, rooted in a childhood where he... __________ Bookmark this page and subscribe to our newsletter for the latest crypto news updates! The post What’s Happening in Crypto Today? Daily Crypto News Digest appeared first on Cryptonews .
