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

Daily_Bits_Title_Subtitle_&_Eyebrow_1600x900_(10).png

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.

APR24_R47_How_to_Import_Mnemonic_Phrase_for_Bybit_Wallet.png

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.

Daily_Bits_Title_Subtitle_&_Eyebrow_1600x900_(66).png

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.

mew_cat_coin.png

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

Explainers

Metaverse

Blockchain

Altcoins

The Root Network is an L1 blockchain built by Futureverse to enable seamless user experience and support data interoperability of digital assets.

Are you a developer searching for a network that simplifies user experience and onboarding for the open metaverse? Or perhaps a user looking forward to a superior web3 experience? The Root Network is the new bridge to a world-class experience on the open metaverse in which anything can be connected to anything else.

 built by Futureverse to enable seamless user experience and support data interoperability of digital assets. 

 is a metaverse operating platform consisting of various decentralized protocols and infrastructures that work together to create a seamless metaverse user experience.

As a Futureverse core element, the network looks to support developers in creating community-owned applications and persuade more creators to join the open metaverse by providing an exceptional 

As we integrate more of our social and economic systems into the digital space, the Futureverse team believes embracing the open metaverse is vital — a singular, secure and open experience for all. Currently, a handful of big players in the digital space are consolidating different sectors, such as media and commerce or finance and gaming, to maintain their grip on economies and their influence on how customers think. 

The open metaverse promises an internet and digital economy future where everyone can participate in shaping the inevitable destination of everything valuable that we’ll create. As a decentralized blockchain network, The Root Network will form the base of the open metaverse as envisioned by Futureverse.

The Root Network's core blockchain infrastructure consists of the best web3 components, with a deliberate focus on better user onboarding. In the past, many users have found web3 too complicated and unsafe, far more than Web 2.0. The Root Network is looking to change this by creating easy movement across applications and supporting permissionless asset transfer, among other benefits.

To achieve these goals, The Root Network relies on three key elements: Substrate Core, 

 (EVM) support and a multi-token economy, a feature that makes it a standout among its competitors.

Substrate serves as the core of The Root Network. Its technical capabilities offer critical chain runtime customization and flexibility for optimized user experience. The Root Network also looks to leverage the Substrate network's established developer community. Its network runs integrated EVM compatibility, which allows the protocol to read and execute Solidity 

. Thanks to this convenient feature, code previously written for 

 can also be run natively on The Root Network.

In line with its core mandate of enabling seamless user experience, Futureverse has adopted a multi-token economy in which ROOT, the main network’s token, is separated from the gas token to address high gas fees and the demotivating illiquid block rewards for node operators.

To provide more liquid and valuable block rewards, the network has partnered with industry-leading finance networks, Ripple and XRPL, to offer users block rewards in XRP. 

 (DApp) in Futureverse doesn’t need to understand the gas concept. The team has created an in-chain 

 exchange system that uses the DApp’s native token. Alternatively, users can allow the developer to pay on their behalf through delegation.

By developing liquidity pools for the native token and the network gas token, node validators can receive the gas tokens as rewards for producing blocks. 

 consensus mechanism that allows anyone to participate and receive rewards by staking the ROOT token. Apart from staking, users can also participate as nominators, or take on validating responsibilities for even better rewards.

 exist at the contract layer, NFTs on The Root Network are located in a core network runtime module. The runtime module can be used to create custom NFTs and trade them without the users’ own smart contracts.

This simple process not only makes it easy for anyone to mint NFTs, but also promotes enhanced asset interoperability. Fees from the NFT runtime module are distributed to stakers and validators on the network.

Some of the NFT runtime key features include:

 (DEX) that allows users and developers to trade asset tokens, set up 

 and initiate token price discoveries without deploying smart contract code. 

The in-chain exchange supports all the asset tokens on the network, including ASM, SYLO and ASTO. Node validators collect the exchange fees.

 enables the linking of events on other chains to actions on the network. Developers on the network can rely on it to implement interoperability in their DApps.

The Root Network acts as a base for its two asset bridges, Ethereum Bridge and XRPL Bridge, to facilitate two-way transfers of native tokens and assets between the bridges and The Root Network. This not only boosts interoperability, but also unlocks extra liquidity for the network, as users can now use non-native tokens on The Root Network. 

In an effort to achieve a truly open metaverse, the team promises to provide native support for more networks as the ecosystem grows.

ROOT is the native token for The Root Network’s ecosystem, with a maximum supply of 12 billion tokens. Its core purposes include the following.

 ROOT tokens to earn network fees (awarded in the form of Vortex tokens) as an incentive for active participation and helping to maintain network security. Distributed in a 90-day cycle, Vortex tokens represent a basket of tokens in the Vortex, including ROOT and XRP, and can be traded on DEXs. According to The Root Network team, the latest cycle accumulated a total reward of 602,000 Vortex tokens, which amounted to 362,000 XRP and 4.7 million ROOT in value.

There are three ways to stake ROOT. The low-risk, low-reward way is to stake ROOT without nominating validators. As an ordinary staker, you can unstake at any time. Other ways to stake involve securing the network as a nominator or validator. Both of these options require more effort and dedication, and face the possibility of slashing risks for the staked ROOT.

Futureverse is undoubtedly dedicated to putting in the hard work in many respects, with The Root Network being the backbone of their metaverse ecosystem. The Root Network's UX and digital content–focused protocols facilitate a seamless user experience and empower Futureverse to build a robust foundation in content, stories and characters. In addition, its integration with EVM and Ripple also enables interoperability and streamlines cross-chain asset usage. This results in a vibrant web3 world that's scalable, yet sustainable enough to keep users engaged for a long time.

Furthermore, the ROOT token has diverse uses, from governance to in-game utility. This versatility could contribute to heightened demand, and appreciation in the token’s value.

The Futureverse is also embracing emerging technologies such as artificial intelligence (AI) to accelerate their creation of an open metaverse for all. Its strategic partnerships with major blockchains like Ripple also enhances The Root Network's capabilities, fortifying its position as a versatile and well-connected platform. This forward-looking fusion of emerging technologies and tactical alliances positions Futureverse at the forefront of innovation, ready to shape the future of the metaverse.

With Futureverse backing The Root Network, it’s reasonable to believe that this project could be a promising investment opportunity. However, keep in mind that a blockchain project is a highly volatile investment. We recommend that you 

, or seek expert financial advice before making an investment decision. 

Are you ready to join The Root Network? Buy ROOT as a Spot pair (

! From Nov 21 through Dec 3, 2023, there are two events you can participate in for your chance to win.

 to deposit 100 USDT worth of ROOT, or deposit 100 USDT to buy ROOT to earn 100,000 USDT that’s up for grabs. If you’re an existing Bybit user, follow the same deposit prompts above for a chance to earn 20,000 USDT.

In the second event, you simply need to trade the ROOT/USDT pair and accumulate a Spot trading volume worth at least 200 USDT to earn from the 65,000 USDT prize pool.

The Root Network isn’t just a blockchain. It’s the linchpin of Futureverse, revolutionizing the open metaverse with a user-centric, interconnected approach and a decentralized way of defining digital assets. As the backbone of Futureverse, The Root Network's focus on seamless user experience and interoperability sets it apart in the web3 landscape, providing unrivaled user experience in an inclusive, open metaverse.

The Root Network (ROOT): Powering the Open Metaverse

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards