Why is the Market Dropping Again Whats Still Worth Watching

CryptoCurrency News Network Reports:
Why did cryptocurrencies fall today?
The global cryptocurrency market value saw a slight decline today, dropping 1% in the past 24 hours to $2.43 trillion.
Few coins rose today, with BEAM performing the best among the top 100 coins, gaining 9.4% to $0.01866.
BONK was nearing closing, rising 9.2%, and currently trading at $0.000026.
MultiversX (EGLD) increased by 5.8% to $31.97, while the rest of the green-listed stocks rose by less than 5%.
On the other hand, the biggest loser today was Starknet (STRK), which fell 7.4% to $0.6406.
Avalanche (AVAX) and Celestia (TIA) dropped by 5.9% and 5.4%, to $28.2 and $5.8, respectively.
Other coins on this list fell by less than 5%.
Among the top 10 tokens by market cap, most saw a decline in the past 24 hours.


In this category, only three coins saw price increases.
Toncoin (TON) had the largest gain, rising 4% to $8.05.
Solana (SOL) and XRP saw minor increases of less than 0.5%, with SOL trading at $147.73 and XRP at $0.48144.
On the other hand, Dogecoin (DOGE) was the only coin with a drop exceeding 1%, falling 1.7% to $0.12337.
Meanwhile, Ethereum dropped just under 1%, currently trading at $3,444.
Bitcoin (BTC) fell 0.3% to $62,681.
The other two red tokens—BNB and Lido Staked Ether (STETH)—also fell by less than 1%.
Meanwhile, SOL’s price has risen following VanEck’s recent application for a spot Solana Exchange-Traded Fund (ETF).
Among them, the spot Bitcoin ETF saw a net inflow of $129.45 million on Monday, marking the fifth consecutive day of inflows, and the highest level of inflows since June 7.
Aave launches GHO stablecoin on Arbitrum powered by Chainlink CCIP
Following community discussions and voting, Aave DAO has launched GHO (Aave Protocol’s native multi-collateral stablecoin) on the Arbitrum network.
According to the press release, this is the first new market in the DAO’s phased GHO cross-chain expansion strategy.
GHO will use Chainlink Cross-Chain Interoperability Protocol (CCIP), compatible with both EVM and non-EVM networks. The stablecoin is issued on the Ethereum mainnet, but Chainlink CCIP’s cross-chain strategy will provide integration opportunities and new use cases.
Additionally, CCIP’s cross-chain security aspects support risk management leverage, such as configurable rate limits and the ability to control GHO bridging logic.
The announcement states that expanding GHO’s availability beyond the Ethereum mainnet should enhance accessibility, lower transaction costs, improve user experience, and increase liquidity.
This, in turn, will promote broader adoption and innovation.
Furthermore, GHO will be launched “gradually,” with other networks “gradually” following Arbitrum.
With the expansion to Arbitrum, the stablecoin “becomes a borrowable asset in the Aave Arbitrum pool, making GHO more available in a more cost-effective manner, and more use cases are expected to emerge.”
Each chain will have its own version of GHO, backed by reserves on Ethereum to provide adequate collateral.
As support for more chains is added, transfers between non-Ethereum chains will use a burn-and-mint model supported by them.
To facilitate this launch, Arbitrum DAO allocated 750,000 ARB through a long-term incentive pilot program.