In crypto news today: Crypto market is red today Avail Reveals Privacy Enigma Upgrade Kava AI Announces 100,000 Active Users, AI Engine for Automated DeFi Alpha Compass Mining Energizes New Self-Owned Bitcoin Mining Facility __________ Crypto market is red today The market is still in the red territory. The global cryptocurrency market capitalization has decreased by 2.1% over the past 24 hours, currently standing at $3.08 trillion. At the time of writing, the daily crypto trading volume is $76.9 billion, still trending downwards. In the top 10 coins category, all coins have gone red. XRP fell the most: 2.2% to $2.24. It’s followed by Cardano (ADA) , which dropped 1.9% to the price of $0.6996. At the same time, Ethereum (ETH) decreased by 1.2%, now trading at $1,813. Bitcoin (BTC) is unchanged though, currently changing hands at $95,114. When it comes to the top 100 coins per market cap, the majority is red today. Yesterday’s winner fell the most today: Virtuals Protocol (VIRTUAL) is down 10.1% to $1.32. The next biggest decrease is Kaspa (KAS)’s 6% to $0.08943. On the other hand, Floki (FLOKI) increased the most by far. It’s up 9.6% to the price of $0.00009166. In comparison, the second highest gainer is Fartcoin (FARTCOIN) , which appreciated 2.2%, now trading at $1.15. Avail Reveals Privacy Enigma Upgrade Avail , a scalable base layer for rollups and appchains, in collaboration with Rize Labs , the team behind Encifher , an encryption protocol designed for decentralized systems, has announced Enigma , a privacy upgrade to Avail’s DA layer . Per the press release, Enigma is designed for enterprises that seek full confidentiality. It allows institutions to operate private rollups, where transaction data is encrypted end-to-end. At the same time, they maintain the security, auditability, and connectivity of public blockchains, the team claims. Great conversations at the Web3 Founders Exchange hosted by @googlecloud @anuragarjun spoke with panelists about real world use cases for blockchain technology and how Avail's horizontally scalable infrastructure can accelerate tokenization. The panel included @vaibhavchellani … pic.twitter.com/ULvZ7cAMR1 — Avail (@AvailProject) April 30, 2025 Furthermore, authorized entities, including regulators, auditors, trusted partners, and more, can decrypt specific datasets via permissioned keys. In that case, the public chain keeps only encrypted blobs. “For institutions, Enigma transforms public blockchains from a liability into a secure, scalable foundation for confidential operations,” the team claims. They avoid the cost and complexity of standalone chains, the announcement says. The solution provides interoperability with ecosystems like Ethereum, Bitcoin, and soon Solana. Also, there’s the option to transition to full decentralization when wanted. The Enigma upgrade will be live in the second quarter, while the mainnet is planned for the third quarter. You might also like Prabal Banerjee, Co-founder of Avail, on The Future of Blockchain Interoperability, Chain Abstraction, and Scalability in Web3 | Ep. 416 Kava AI Announces 100,000 Active Users, AI Engine for Automated DeFi Alpha Layer-1 ecosystem Kava has announced the release of a major update to its artificial intelligence ( AI ) platform, Kava AI . The upgrade delivers an AI-powered execution layer for DeFi built to provide alpha opportunities. Per the announcement shared with Cryptonews , it acts as a frontend interfacing with various protocols across the Web3 ecosystem. Also, the boosted execution capabilities are designed around several key functionalities, which will be released in phases. Notably, the updated Kava AI has already surpassed 100,000 users, the team says. We're building Kava AI differently pic.twitter.com/mS3aK7SiJR — Kava (@KAVA_CHAIN) April 29, 2025 Future iterations will leverage its AI-powered intelligence to aggregate insights from multiple protocols across major chains. Kava AI will act as an execution layer for DeFi access when an opportunity is identified, enabling swaps, lending, and staking across chains. The roadmap also includes using autonomous AI agents for “always-on optimization,” automating execution, refining strategies, and streamlining complex DeFi actions 24/7. These autonomous features should go live “later in 2025.” They’ll show “how one protocol, covering multiple chains, can ultimately work with full automation,” the announcement says. Finally, Kava announced a new strategic partner: DeXe , a DAO infrastructure provider specializing in decentralized governance. The two aim to build open, community-governed AI systems and collaborate on future technical integrations and co-developed solutions. You might also like Eliza Labs Reveals a No-Code AI Agent Platform auto.fun Compass Mining Energizes New Self-Owned Bitcoin Mining Facility Compass Mining announced the successful energization of Phase I of its new self-owned Bitcoin mining facility in Iowa, USA, located on a 5-acre greenfield site. According to the press release, the first phase has seen an 8 megawatt (MW) power capacity. It is now fully operational. The construction of the remaining capacity is expected to start in the fourth quarter of this year. The facility now enables customers to select ‘Iowa 4’ as the deployment location for new machines purchased through Compass Mining’s platform. We’re proud to share the news of the energization of Our 1st Owned & Operated Site at Iowa 4 Starting with 8 MW capacity, Iowa 4 gives us full control over the power, land, and infrastructure, meaning faster support and a better experience for our clients, whether they have… pic.twitter.com/nLEkTFFs1b — Compass Mining (@compass_mining) April 29, 2025 The Iowa facility follows the company’s recent launch of a hydro-cooled Bitcoin mining facility in North Dakota, USA. In 2024, Compass Mining energized nearly 50 MW of new power capacity across sites in Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas. CEO Paul Gosker commented that “owning and operating our own sites gives customers greater operational control while still allowing them to choose from our network of reliable third-party facilities to best meet their individual needs and preferences.” You might also like Trump’s Global Tariffs Impact Even Large Bitcoin Miners __________ 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 .
