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

Memes

Altcoins

Explainers

The GameStop meme coin is a cryptocurrency based on Solana and inspired by the GameStop stock incident of 2021. Learn more about it in this article.

When GameStop’s stock began to soar in January 2021, it quickly captured the attention of the entire internet. Though the initial price surge is long gone, crypto enthusiasts have recently decided to pay homage to the incident by creating a GameStop meme coin on 

. This move has left many investors wondering whether the new coin is connected to GameStop, and how likely it is to mimic GameStop stock prices. If you're interested in learning more about the GameStop meme coin, explore this guide to learn where it came from, and how much it's worth.

The GameStop meme coin (GME) is a cryptocurrency based on Solana and inspired by the GameStop stock incident of 2021. As a meme coin, its main use is trading and amusing its audience.

What Does the GameStop Meme Coin Aim to Achieve?

The GameStop meme coin hopes to carry on the spirit of the original GameStop stock situation that began in January 2021. 

 saw GameStop’s price surge as a collective rebellion against big Wall Street financial companies. They hope that creating a 

 with a similar theme will help to further unite people and demonstrate that modern retail investors aren't interested in simply doing whatever financial analysts tell them to do.

To carry out this goal, the GameStop meme coin’s creators plan on making their coin as decentralized and democratic as possible. They aspire to create a transparent system in which users can easily see all the details of how the crypto is run, and hope to maintain the GameStop meme coin as an entirely community-owned coin.

To understand the ethos behind the GameStop tribute coin, it's useful to know the basics of the

. During the COVID-19 pandemic, GameStop’s video game stores struggled to attract customers and make a profit. Expecting the stock to drop in price, several major financial companies decided to 

. However, after community members on the WallStreetBets subreddit noticed the attempted short, people began buying the stock, knowing that option holders would be forced to purchase more shares in the future.

This led to a cycle of skyrocketing prices, as institutional investors desperately tried to obtain the shares they needed. Prices jumped from $17 to $500 in under a month. Many GameStop holders felt that the media and financial institutions were pushing them to sell, so holding the stock became a form of protest against Wall Street and big financial corporations. Even after prices calmed down, the idea of buying GME remained a beloved meme for many people.

In order to run their system as democratically and openly as possible, GameStop’s meme coin creators built it on the Solana network, which is known for its affordability, speed and ease of use, so it provides the flexibility and convenience needed for a meme coin.

To further enhance its connection to Solana, the GameStop meme coin also offers a Solana exchange system. People can buy Solana from a 

 such as Bybit and deposit their SOL in a Phantom wallet. Once they do so, they can connect their wallet to 

 and directly exchange their Solana tokens for GameStop meme coins.

As a meme coin, the GME cryptocurrency relies on marketing as much as it does on its technological design. The coin was named after GameStop, and released on the anniversary of the GameStop price surge to help attract attention from GameStop stock enthusiasts. However, it’s named after the GameStop meme, not the store itself, so the GameStop meme coin isn’t technically affiliated with the corporation itself.

Just like the stock, the GameStop crypto meme coin is called GME. It’s designed solely for trading and for connecting like-minded GameStop enthusiasts. To further enhance its status as a meme coin, GME’s total supply is 6.9 billion coins. So far, little is known about the tokenomics of the GameStop tribute coin. Its creators haven’t shared just how many GameStop coins are currently circulating, and they haven’t released any details on how it’s distributed.

The GME crypto meme coin’s creators did an excellent job of appealing to the public, and initially it managed to capture some of the magic of the original GME stock. People rushed to buy the coin and create memes that further popularized it. Its market capitalization started at $14 million, but a few weeks later, in late January, it was $56 million. At the initial peak of the GameStop meme coin craze, its price rose

However, the connection of the GameStop meme coin to the original store has also led to some subsequent problems. In early February, right when GameStop announced plans to close its NFT marketplace, the GameStop meme coin 

 in a day. People worried that the GME bubble had once again burst, and some investors rushed to sell off their coins.

Surprisingly, though, the GameStop meme coin managed to recover. Starting on Feb 6, 2024, it rallied as prices soared to $0.013, even higher than before the crash. Since then, the GameStop meme coin has done an impressive job of retaining its value and popularity. Sites like CoinMarketCap are filled with 

 for the coin, and the GameStop meme coin community has expressed plans to hold coins and pump the crypto for as long as possible.

The GameStop meme coin is linked to a beloved part of internet history, and has managed to attract many of the investors that had made GameStock stock so valuable in the first place. Unlike other meme coins, GME has even managed to recover from previous market crashes. The unusual market shifts and future meme stock rallies make it a fairly promising choice for retail investors looking to capitalize on the next meme coin craze. If the GameStop meme community holds true to their plans, not selling their crypto, prices may keep skyrocketing.

However, remember that meme coins are extremely volatile. The GameStop meme coin has already experienced some large price drops, and more could take place in the future. Even though the current positive market sentiment has captured a lot of fans for the GameStop meme coin, things could easily change. Investors need to 

, remain cautious and avoid investing all their funds in a potentially unreliable coin.

The GameStop meme coin is built around a fairly simple concept, yet it has some significant implications. By linking the coin to the 2021 GameStop short squeeze, the coin's creators have managed to mobilize the original fans of GameStop stock. This positive market sentiment has captured a lot of interest and resulted in unexpectedly high prices for the GME crypto. With the potential for future meme stock rallies, GME might be an exciting token for crypto investors.

GameStop Meme Coin (GME): Replicating the Short Squeeze Miracle

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Grab Up to 5,000 USDT in Rewards