Friend.tech has launched version 2 of its blockchain-based social platform with new features and anticipation for a 100% airdrop of its FRIEND token.

The SPX index is down 1.6%, driven by a rise in bond yields following higher-than-expected employment cost data, raising concerns that the Fed might maintain higher interest rates. The broader cryptocurrency market is down, with Bitcoin and Ether dropping by 6.02% and 6.79%, respectively in the past 24 hours.

Today’s outperformer is FRONT, which jumped 4.6% after Frontier Wallet enabled secure cross-chain asset swaps to Cronos Chain with XY Finance.

Frontier (FRONT), founded in 2019, is a multi-chain DeFi and NFT wallet that supports over 65 blockchains and enables secure trading, staking, and asset management through a single interface. It integrates with top wallets via WalletConnect and simplifies the user experience by minimizing the need for multiple extensions and seed phrases. Frontier Wallet now 

 cross-chain asset swaps to Cronos Chain via XY Finance, enabling secure bridging to $CRO from over 20 blockchains. Users can also participate in the Spring Odyssey event, promising enhanced on-chain experiences with Frontier.

Check Out the Latest Prices, Charts, and Data of 

 for Bitcoin’s Lightning Network in partnership with Lightspark, offering users instant, low-cost Bitcoin transactions as an alternative to the slower, more expensive traditional Bitcoin network. This integration supports Coinbase's goal of creating a global payments system with transactions costing just one cent and processing within one second. The Lightning Network, operational since 2017, significantly reduces transaction costs compared to traditional finance methods, such as credit cards and wire transfers. This move not only enhances the utility of Bitcoin for Coinbase's customers but also advances the broader crypto ecosystem by supporting faster, more affordable, and more secure global payments.

After the debut of Hong Kong's first spot Bitcoin ETFs, Bitcoin's price fell below $61,000, with concerns it could drop further below $60,000. The launch triggered a "sell-the-news" reaction, contributing to a downward trend and negative net flows in U.S. Bitcoin ETFs. This situation poses risks but may also present a buying opportunity for long-term investors.

 version 2 of its blockchain-based social platform with new features and anticipation for a 100% airdrop of its FRIEND token. The company has already taken a snapshot for the airdrop, which may occur as soon as next week when points balances become blockchain-based. Friend.tech, which debuted in August 2023 on Base, a Coinbase-incubated Ethereum Layer 2, had initially seen significant activity but later experienced a decline. The latest update introduces the Money Club for managing community treasuries and minting tradable collectibles, a new points system for the airdrop, and custom engagement metrics. Additionally, version 2 allows users to customize their chat spaces. The platform currently has $34.4 million in total value locked, down from its peak of $52 million.

Beginner

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Friend.tech Launches Version 2 and Announces Airdrop

Learn how you can import your mnemonic phrase for Bybit Wallet with our comprehensive article.

For new users, it's recommended that they familiarize themselves with the wallet's basic operations, understand its features and characteristics, and then start using and importing mnemonic phrases.

If you haven't installed Bybit Wallet yet, please click 

After installation, you can pin the Bybit Wallet to the toolbar through the following steps:

 icon in the upper right corner of your browser, and the Bybit Wallet will pop up the initialization interface.

Before using your Bybit Wallet, please set a password first. This password is used to unlock your wallet and encrypt your key information. The local password will not be uploaded to our server, so please keep it carefully. Once lost, the password cannot be retrieved.

After entering the password, please check the 

If you are already using Bybit Wallet, then you only need one step to import your mnemonic phrase.

Please click on the wallet address to enter the wallet management page:

Next, enter the device password you created for the wallet and click 

After setting the local password, please select 

If your mnemonic phrase length is 12, you can click the 

 input box and paste it directly. Of course, you can also manually enter them one by one.

In addition, we also support mnemonic phrases of different lengths, which are 12-, 15-, 18-, 21-, and 24-word mnemonic phrases, all of which can be imported into Bybit Wallet. Please choose the one that suits you.

 button to import. Bybit Wallet will search for the wallet address that has assets under the mnemonic phrase and automatically import it into Bybit Wallet.

At this point, the mnemonic phrase has been successfully imported into Bybit Wallet.

In the import wallet interface, you can also choose to import the wallet using your private key. Just click 

, then enter your private key in the input box, and then click 

Now, you can start using Bybit Wallet to your heart's content. Remember to update your wallet regularly to get the latest features and optimizations. We are always working hard to improve and enhance the user experience of Bybit Wallet. If you have any suggestions or feedback, feel free to let us know any time.

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How to Import Your Mnemonic Phrase for Bybit Wallet

Today’s outperformer is ENA, which jumped 7.3% after Ethena's synthetic dollar launched on Swell L2 with rewards and airdrops in pre-launch phase.

The SPX index is up 0.32%, the Federal Reserve is expected to maintain borrowing costs, but investor focus will be on any changes in rhetoric after recent high inflation data. Market expectations for rate cuts this year have decreased, with only one 25 basis point reduction now anticipated, compared to three a month ago. The broader cryptocurrency market is down, with Bitcoin and Ether dropping by 1.23% and 4.01%, respectively in the past 24 hours.

Ethena Labs (ENA), founded in 2023, introduces USDe, a synthetic dollar on Ethereum, offering a decentralized alternative to traditional stablecoins. It features the 'Internet Bond' for global savings, using delta-hedging to manage volatility and aiming to transform the financial ecosystem by enhancing Ethereum's utility. Recently, $USDe is now available on 

. By depositing $USDe during the Pre-Launch phase, users can earn Sats, qualify for a Season 2 airdrop upon the L2 launch, receive additional airdrops from projects on Swell L2, and share 1 million EigenLayer Points. For more details, visit the Swell Network website.

Omnity has launched a new integration that allows for the fee-free trading of Runes tokens without impacting the Bitcoin network. This 

 utilizes the Internet Computer Protocol's chain fusion technology, enabling interactions with the Bitcoin blockchain and other networks without the need for wrapped tokens or off-chain relayers. The initiative, which distinguishes Omnity from other Bitcoin interoperability solutions, aims to address the scalability challenges of the Bitcoin network, particularly in light of increased activity from new technologies and Bitcoin ETFs. On April 20, the Bitcoin network hit a record high of over 926,000 transactions, with Runes tokens constituting a significant portion of this traffic.

Bernstein analysts believe the recent decline in Bitcoin ETF flows is temporary and predict a bullish future with a $150,000 BTC price target by 2025. They remain optimistic about Bitcoin's integration into financial platforms and its long-term acceptance. Additionally, they suggest that a denial of an Ether ETF could benefit Ether and Ethereum Layer 2 tokens. The firm expects the crypto market cap to triple to $7.5 trillion within two years.

 plans to distribute EIGEN tokens via airdrop from May 10 to September 7, targeting users who participated in Ethereum restaking on the EigenLayer protocol. The initial distribution, termed a "stakedrop," will allocate 5% of the total token supply based on activities as of March 15. The airdrop is divided into two phases, with 90% of tokens going to initially eligible users and the remaining 10% to those who interacted with EigenLayer in more complex ways. However, the airdrop excludes users from several countries, including the US and Canada, and implements strict measures to block VPN and proxy users. Future airdrops will reserve an additional 15% of the token supply. The EIGEN token, designed to address specific protocol faults, will initially be non-transferable and non-forkable to support the protocol's growth, with full functionality enabled later.

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Ethena’s USDe Launches on Swell’s Layer 2 Network

cat in a dogs world (MEW) is a no-utility, cat-themed meme coin built on Solana challenging the dominance of dog-themed coins in the crypto space.

The world of meme coins is wild and filled with all types of animals, such as dogs, cats, penguins and frogs. In 2024, the meme coin craze is back in full swing, evidenced by the astronomical gains made by top crypto meme coins like 

During this meme coin season, Solana-based meme coins have stolen the show with dog-themed tokens dominating the space. However, a recent cat-themed meme coin is seeking to challenge this dog-themed coin narrative.

cat in a dogs world (MEW) stormed into the meme coin space on Mar 27, 2024, and has been causing a stir with its remarkable price surge. Upon listing, MEW’s price soared by 385% to reach an ATH of $0.0097 within four days.

Let’s explore the MEW coin and find out why it’s one to watch in the thriving 

cat in a dogs world is a no-utility, cat-themed meme coin built on Solana (

It was launched on Mar 27, 2024, to provide a cat-themed token that would be a worthy competitor to the dog-themed meme coins dominating the space.

Barely 96 hours into the market, MEW had pumped by 385% to hit a price of $0.0097, during which its market capitalization reached around $848 million, a figure reserved for more established projects in the market such as 

MEW’s market cap has since shrunk to a more conservative figure of $357 million, with a 24-hour trading volume of $59 million on Apr 30, 2024. It’s currently trading around $0.004.

cat in a dogs world has a total/max supply of 88,888,888,888 tokens, of which 90% were burned as 

, while the remaining 10% were allocated as an 

MEW’s formidable success could be attributed to its tokenomics strategy, as burning most of the LP tokens creates a stable price floor and cushions the token against market volatility. The airdrop is also an excellent way to attract attention to the project and create brand awareness, further solidifying MEW's presence on Solana and in the cryptocurrency market as a whole.

Deliberately airdropping and burning the LP tokens enhances the value of the MEW token, while giving it a competitive advantage in the cutthroat world of meme coins.

Cat meme coins have been generating a lot of hype lately. Let's look at a brief comparison between MEW and two other cat-themed coins in the meme coin space.

 (CATS) have caused a stir in the meme coin space. Not only are they both trying to change the dog-eat-dog landscape, but they’ve also approached the market in an innovative way.

That said, unlike MEW, CATS has various utilities in its ecosystem, such as 

. Catcoin’s ecosystem is also filled with a variety of products, such as the Caring Cats charity and a non-fungible token (

) collection. While the two tokens entered the meme coin space at different times, they’ve both managed to draw attention to feline-themed meme coins.

 (OMNI), caused a stir when its price quickly soared after the coin’s debut in December 2023. However, unlike MEW, which is only available within the Solana ecosystem, Omnicat leverages omnichain technology and is available on seven blockchains, including 

While it may be a meme coin, Omnicat leverages 

’s blockchain in order to advance its mission of interoperability in the crypto space. Both MEW and Omnicat have adopted innovative approaches that seem to have paid off despite their meme coin narratives.

You can buy MEW Cat Coin on Bybit as a Spot pair (MEW/USDT) or a USDT perpetual contract (MEWUSDT). To celebrate this Spot listing, Bybit is holding two Token Splash events, 

, with 40 million MEW tokens up for grabs.

, is exclusively for new users, with a prize pool of 25 million MEW. By completing Identity Verification and accumulating a deposit volume of 25,000 MEW (worth 100 USDT), or depositing 100 USDT and trading 100 USDT worth of MEW tokens via your first trade with Bybit, you’ll have a chance to receive 5,000 MEW. Rewards are available on a first-come, first-served basis to the first 5,000 new users.

, has 15 million MEW tokens up for grabs. Simply trade at least 1,000 USDT worth of MEW tokens on Bybit’s Spot market to earn a share of the prize pool. 

Rewards will be capped at 200,000 MEW (around 800 USDT) per user.

While it’s primarily been a dog-eat-dog world in the meme coin space, tokens such as MEW are effectively diluting this narrative. Being one of the top-ranking Solana meme coins, the MEW cat-themed coin has followed others in the ecosystem by skyrocketing in price within a short time of entering the market, flooding Solana with much-needed liquidity.

Despite its slowed momentum — generally attributed to the currently fluctuating price of Bitcoin (

) — MEW remains a Solana cat-themed meme coin to watch when the market starts rallying again.

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cat in a dogs world (MEW): Pouncing on the Cat Meme Coin Craze

Bybit Learn

Investing

The use of artificial intelligence for crypto investing has shown promise, and experiments have found that using AI for crypto investing can be very effective.

Do you want to make informed crypto decisions without having to spend hours researching data? Artificial intelligence (AI) might be a great solution for you. This new technology has the potential to revolutionize cryptocurrency investments. However, using artificial intelligence for crypto investing doesn't mean you can just sit back and let a bot manage your portfolio. You still need to pick the right tools and make smart decisions. Explore this guide to learn all about how to use AI for crypto investing.

Artificial intelligence (AI) is a way to use technology to mimic human intelligence. In casual conversation, AI refers to any technology that can perform complex tasks and gradually improve its performance through repetition or data consumption.

Can You Use Artificial Intelligence for Crypto Investing?

The use of artificial intelligence for crypto investing is still a fairly new field. However, it already shows a lot of promise. Experiments have already found that using AI for crypto investing can be quite effective. For example, a 

 found that an AI investor outperformed a crypto investor's portfolio. While the human investor tried a high-risk, aggressive investment, the AI created a low-risk strategy that made slightly more money than the human investor did.

For investors interested in artificial intelligence, there's nothing stopping them from adding it to their portfolio management tools. The crypto market is fairly open and unregulated, so unlike some forms of banking, there aren't any barriers preventing people from using crypto. You can easily find products that work alongside AI technology, and some 

How Does Artificial Intelligence Work in Crypto Investing?

The primary way to use AI for crypto investing is by processing data. Generally speaking, a more informed investor performs more effectively. AI technology can gather more data than humans can, and spend more time analyzing it to find trends in the crypto space. It can take wisdom from a thousand sources and combine it all into a single effective way of managing the crypto sector.

Another huge benefit of using AI for crypto investing is due to its ability to automate the investment process. Crypto investing is all about timing, but human investors have to take breaks to eat and sleep. Some types of AI technology can execute 

 and handle all of these details for you, so you never miss an opportunity.

Using AI for crypto investing can also be a valuable means of educating yourself. The usual process for learning about investment techniques involves many hours of reading books and listening to lectures. AI models can process all of these details for you and give you helpful summaries. This saves you time and helps you get the investment advice you need as quickly as possible.

Ways to Use Artificial Intelligence for Crypto Investing

With all of its different services, there are a lot of ways to use AI for crypto investing. Depending upon how you like to handle crypto assets, you might want to try one of these techniques.

One of the most popular ways of using AI for cryptocurrency investing is to get help selecting cryptos. AI algorithms can assess 

 and highlight trending cryptos. They're also useful for analyzing price data and finding good times to buy. Compared to a human investor, an AI is less likely to be misled by hype or anxiety, so it can often choose more reliable options.

This type of AI crypto service takes crypto picking one step further. It takes into account your budget, 

 and investment goals so you can set up an entire portfolio in moments. This helps you create a diverse, well-balanced portfolio without having to calculate percentages and ratios yourself.

These AI solutions are some of the most interesting ways of interacting with digital assets. They both buy and sell crypto for you so you don't have to provide any input at all. In addition to choosing crypto assets, 

 also determine the best amount of time to hold them. By using AI for crypto investing, you can take advantage of even small shifts in smart contracts and market trends.

Portfolio optimization tools use tools such as 

 to maximize returns and minimize risks. With a portfolio optimization service, you can get tips on how to improve your existing set of digital assets. Some AI solutions can even automate optimization so that they constantly adjust your portfolio to keep it balanced, no matter how the crypto industry changes.

Succeeding in the crypto space is all about accurately predicting what will happen next. Using AI for crypto investing allows you to identify patterns in historical pricing data and trading volumes so that you can get an idea of how the crypto market is about to change. With AI, investors can successfully predict things such as which crypto prices will soar, or how long a 

The predictive powers of artificial intelligence make it a powerful risk management tool. With the right AI system, you can examine things like market indicators, historical data, and real-time information to find potential risks. In addition to warning you about risky activity in the crypto industry, some AI designed for 

 can also suggest strategies for mitigating risks.

How to Use Artificial Intelligence for Crypto Investing With Bybit

With Bybit, investors can access a broad range of AI and blockchain technology. These helpful features make it easy to try artificial intelligence for crypto investing.

, using AI for crypto is easy and stress-free. Bybit’s platform lets you browse a variety of preconfigured trading bots, and you can view their performance, pick successful options and use their services for free. Bybit's AI trading services use a variety of techniques, and you can pick from strategies like 

 offers you the powerful advice of AI without having to fully automate your trading habits. Using this tool is as simple as chatting with an investment assistant. For example, you can ask it how an investment strategy works or request pricing data on a coin, and it gives you personalized market insights. Bybit TradeGPT also offers helpful summaries of market trends and popular coins. This method of using AI for crypto investing makes it quick and easy to get the information you need for your trades.

Bybit TradeGPT has also recently been integrated with Copy Trading to launch 

, a groundbreaking trading tool that offers a data-centric investment approach and proven records of stable returns. It also doesn’t require any profit-sharing and coding, granting you unprecedented access to AI-powered strategies.

 represents a sophisticated, AI-driven trading tool designed to scrutinize past market trends. This technology conducts a comprehensive seven-day backtesting to determine the most effective strategy settings, focusing on aspects such as return rates, frequency of arbitrage opportunities and other vital elements. Bybit Aurora AI intelligently crafts strategy options and categorizes them into 

 to streamline your trading experience. This innovation in automated trading significantly reduces the complexity of bot trading, making it more accessible for individuals eager to engage in the crypto market.

Pros and Cons of Using Artificial Intelligence for Crypto Investing

Should you try artificial intelligence for crypto investing? There are certainly a lot of benefits to combining AI and blockchain technology. Some of the pros of using AI for crypto investing include the following:

However, keep in mind that using AI for crypto investing won't automatically guarantee that you become a millionaire. Like any other investment tool, there are some potential downsides. You need to be aware of the following disadvantages before trying AI:

Using Artificial Intelligence for Crypto Investing: Is It Worth Trying?

The use of artificial intelligence for crypto investing is a fantastic tool that shows a lot of promise. While new investors can benefit from expert AI assistance, experienced traders can use AI services to further fine-tune their trading. If you like the idea of saving time while still making money in the crypto sector, AI might be for you. As long as you choose the right technology for you, AI technology can be extremely helpful.

The only investors who need to completely avoid AI crypto products are those who enjoy micromanaging, or don't feel comfortable working with machine learning and artificial intelligence. If you're in this demographic, don't let the use of AI for crypto investing scare you away from the crypto sector altogether. While AI does save time and generate profit, it only slightly outperforms human investors. If you're confident in your investment strategy, avoiding AI doesn't mean you're leaving tons of money on the table.

Is Using Artificial Intelligence for Crypto Investing Safe?

Like any new technology, some new AI startups 

. It's important to work only with dependable AI models that will safeguard your security and privacy. You'll also need to select well-made AI solutions that are unlikely to have significant glitches or errors. Be aware of the possibility of mistakes, and take the time to check up on your AI occasionally. This will help you avoid any hacks or bugs that could harm your investing. Simply put, you should still 

 even when you’re using artificial intelligence for crypto investing.

The explosion in AI technology has led to a lot of good investment advice for the crypto sector. Whether you use machine learning to find the latest trends or AI algorithms to calculate the best time to sell, artificial intelligence can be very useful. Although it doesn't entirely replace actual research and portfolio management, the use of AI for crypto investing is becoming a valuable tool for investors.

How to Use Artificial Intelligence for Crypto Investing in 2023

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