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

Bitcoin

Bitcoin halving reduces the reward for mining new blocks, affecting BTC’s scarcity and potentially its price. Learn more about Bitcoin price predictions here.

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, which happens roughly every four years, cuts the reward for mining new blocks in half, reducing the supply of new bitcoins and possibly impacting BTC’s price. The upcoming April 2024 halving has stirred anticipation, given past surges in price following such events. Crypto 

 is bullish and several industry experts project rising prices. What can we expect from the recent Bitcoin price predictions? This article explores the Bitcoin halving event and its potential outcomes, based on expert predictions, while providing practical tips for trading BTC post-halving on Bybit.

Bitcoin halving is a pre-programmed event that occurs after every 210,000 blocks mined (about every four years), reducing the reward for mining new blocks of transactions by half. This process limits the total supply of new Bitcoin and increases its scarcity, which may affect its price and demand.

Why Is Everyone Excited About Bitcoin Halving?

The upcoming Bitcoin halving, expected by April 2024, is sparking excitement in the crypto world.

Why all the hype? Well, it comes down to basic economics: supply and demand. Right now, miners receive 

 for every block they mine, but after the halving, that reward will be cut to 3.125 bitcoins. 

Basic economic theory applies: when an asset’s supply decreases, and the demand remains the same or increases, its price rises. After past halving events, Bitcoin's price has typically risen.

For instance, after the first halving in 2012, the price of Bitcoin soared from about $12.20 to over $1,000 in 2013. Then, after the second halving in 2016, its price went from around $650 to almost $20,000 in 2017. More recently, after the third halving in 2020, Bitcoin's price shot up from around $9,000 to over $57,000 in 2021.

Nevertheless, it's not just about the price. Bitcoin halving also points out what makes Bitcoin unique: unlike regular (fiat) money, which governments can print on a whim, Bitcoin has a set limit of 21 million coins that will ever exist. This scarcity, combined with its decentralized nature, makes it different from traditional currencies. With each halving, the rate at which Bitcoin is being created decreases. Bitcoin becomes scarcer, reinforcing its status as a unique form of money independent of any central authority.

Bitcoin's price has been soaring lately, thanks to the positive vibes around the newly approved 

. It's been quite a ride, with the crypto spiking 

 since the beginning of the year and crossing the 

 mark. While its price did briefly surpass its record high of $69,000, set back in November 2021, on Mar 5, 2024, Bitcoin’s price has since dropped, and is currently hovering around $65,000. Now users are hoping it will once again hit and surpass its all-time high.

With the imminent halving event, market experts are anticipating even more price boosts for Bitcoin.

Post-Bitcoin Halving Price Prediction: 3 Potential Outcomes

Bitcoin price action often resembles a roller coaster. Predicting its future performance is no easy task.

Although many believe that the Bitcoin halving will be positive for prices, it's important to remember that nothing is certain.

There are plenty of factors at play, such as institutional adoption, regulation, competition and unexpected events that can sway market sentiment.

Bitcoin could soar to new heights, just as it did after previous halving events. This outcome would mean a surge in demand and in its price, possibly exceeding $100,000 or even $200,000. While this would be great news for Bitcoin holders, it would also mean more volatility and risk in the crypto world.

A second possible scenario would see Bitcoin chugging along steadily with moderate growth or stability. This outcome would mean that the upcoming halving didn't shake things up too much, and that the market had already priced in the event. Bitcoin could trade around $50,000 or $60,000. It's not as thrilling as a 

On the flip side, Bitcoin could take a tumble after the halving. This drop could occur if the reduced block reward makes mining less profitable, or if there are negative news developments or regulatory issues. Some analysts even warn of prices dropping below $42,000. Obviously, this would be tough for Bitcoin holders, but it could also present opportunities for those looking to buy at lower prices.

Bullish Post-Bitcoin Halving BTC Price Prediction

This outcome seems most probable, due to several key factors: the historical connection between Bitcoin halving events and price surges, growing interest from institutional investors and the limited supply of new bitcoins.

Experts and analysts suggest that Bitcoin will likely continue its upward trend after the next halving in 2024. Looking at past data, Bitcoin's price typically sees a slight rise leading up to a halving and significant increase afterward. A 

 supports this sentiment, with 84% of respondents expecting Bitcoin to surpass its all-time high following the halving — especially investors in the MENA (Middle East and North Africa) region.

If Bitcoin does surge after the halving, 

 as a preferred store of value would continue. 

New highs might even attract more investors, including hedge funds, banks, corporations and governments, all of them looking to diversify their portfolios and hedge against inflation. This surge could stimulate further innovation and adoption of 

However, owning Bitcoin means you’re bound to face risks. Regulatory hurdles, technical issues, security breaches, market manipulation, environmental concerns and competition from other cryptocurrencies are all factors that could impact its post-halving performance.

Optimal BTC Trading Strategy: Breakout Trading

To capitalize on rising Bitcoin prices, you can use the 

 strategy, which captures significant price movements by pinpointing crucial levels of support and resistance. The idea is to anticipate a breakout from these levels, in the hope that when the asset's price breaks out of a trading range, it will likely continue moving in that direction. 

 and confirmation techniques to identify potential breakouts, and enter trades accordingly. This strategy is versatile and applicable across different markets and time frames. However, traders must be mindful of false breakouts and market noise.

Identify a horizontal resistance level and an upward-sloping support trend line on the BTC price chart, forming an 

 that suggests a potential bullish breakout. 

You can use technical indicators such as 

, Donchian Channels and volume to confirm a breakout. Look for confirmation through high volume, price and time when the price breaks above the resistance level.

Enter a long position at the breakout point, and set a 

 to mitigate potential losses. Alternatively, you can wait for a pullback to a support level, and enter a long position there.

Consider the triangle's height for setting a profit target, or use 

 orders to ride the trend for as long as possible. This strategy offers an approach that takes advantage of potential upward movements in BTC's price.

Bearish Post-Bitcoin Halving BTC Price Prediction

Another potential outcome of the next Bitcoin halving is a significant drop in BTC’s price, either before or after the event. 

Since halving reduces the block reward, it makes mining less profitable for some miners, especially those with high electricity costs or outdated equipment. This reduction in reward might induce some miners to exit the market, decreasing the network's 

 and security. It could also heighten the risk of a 

, in which a malicious entity controls over half of the network's computing power and can theoretically manipulate transactions.

The halving could also create selling pressure, as investors decide to take profits or cut losses before or after the event. Sales could trigger a negative feedback loop in which lower prices prompt more selling, and vice versa.

If the halving coincides with negative news or regulatory problems such as hacks, 

, bans or lawsuits, it could undermine confidence in Bitcoin and expose it to legal and operational risks.

While a significant price drop would be tough for Bitcoin holders, it could also present the following opportunities:

Optimal BTC Trading Strategy: Short Selling

 can be a viable trading strategy in a bearish market following a Bitcoin halving. This approach involves selling an asset without first owning it. Short selling allows traders to profit from the downward trend of the market, as well as hedge against the risk of holding Bitcoin in a bear market.

 pair for trading, representing Bitcoin's price in USDT. Set up your short position details, including limit order price, order value and 

, with caution as higher leverage increases risk. Use the sell short option with take profit and stop loss to define your exit strategy, setting trigger prices in USDT or as a percentage of the entry price. 

Confirm your order and monitor your position details, including entry price, unrealized profit and loss, margin, liquidation price and funding rate, which determines fees every eight hours, based on market conditions.

Neutral Post-Bitcoin Halving BTC Price Prediction

A neutral impact is possible because the Bitcoin halving may not have a significant short-term impact on Bitcoin's supply and demand. Although the creation of new bitcoins may slow, the existing supply remains available for trading. If the market anticipates the halving and adjusts prices accordingly, the demand for Bitcoin might not change drastically after the event. 

A stable price could reduce Bitcoin's volatility and risk, making it more appealing to both institutional and retail investors. In turn, this could encourage more innovation and development within the Bitcoin ecosystem, shifting focus from speculation to utility. Additionally, a neutral price reaction might limit the impact on miners, who would be dealing with lower rewards and higher costs. 

Overall, a neutral price post-halving could indicate Bitcoin's maturation as a digital asset, demonstrating increased resilience to external shocks.

Optimal BTC Trading Strategy: Dollar-Cost Averaging

In a neutral market after a Bitcoin halving, dollar-cost averaging (

) becomes a viable trading strategy. This method involves purchasing a fixed amount of Bitcoin at regular intervals, regardless of price fluctuations. The goal is to minimize the impact of volatility, and spread out the cost of entry over time.

DCA is a straightforward and effective approach to accumulating Bitcoin, obviating the need to time the market. It also helps investors steer clear of emotional decisions that could be driven by fear or greed. 

 or other supported fiat or cryptocurrencies into your Spot account. Then, transfer funds to your Derivatives account for trading BTC 

 contracts with leverage. Choose between 

 contracts, based on your preference and risk tolerance.

 pair. Analyze the market using charts, indicators and different order types.

Enter your position using a limit, market or conditional order, being cautious with leverage. Set levels for taking profit and limiting losses, either as absolute values or percentages of your entry price. You can manage your position manually or with automation tools.

Continually buy BTC at fixed intervals, regardless of price fluctuations, to average out your cost over time. Automation platforms such as Mudrex or Skilling™ can help with this.

Monitor your position and account performance using the dashboard and profit/loss analysis. Keep an eye on the funding rate and mark price, both of which affect your profits and losses.

Hold your position until you reach your target return or duration, or if significant market changes occur.

Purchasing BTC Through Bybit Discount Buy

 lets you purchase BTC at a lower price than the market rate on the settlement date, provided it doesn't exceed a specific threshold known as the Knockout Price. Here's how to use it:

Navigating Bitcoin trading post-halving requires careful consideration of several factors. Whether you're bullish, bearish or neutral on Bitcoin's prospects, you can tailor your strategies to each scenario. From capitalizing on technical trends to leveraging short-selling or dollar-cost averaging, Bybit offers a range of tools to execute your trading plan effectively.

Remember that while the upcoming Bitcoin halving event will ignite considerable excitement, prudent 

Bitcoin Price Prediction: How to Trade BTC After Bitcoin Halving

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