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

Bybit Learn

Memes

Altcoins

Explainers

Wen is a Solana-based meme coin built on the idea of fractional NFTs. Each person who holds WEN also has rights to a small portion of a viral poem by @weremeow.

Skinny_Banner-1600x400.webp

, it's common for cryptocurrencies to be inspired by things such as viral tweets or cute cat pictures. Now, a new project takes this concept even further by creating one of the first meme coins based on 

. The novel design of the Wen project has attracted a lot of positive attention. In addition to its impressive trade volume, Wen has also managed to boost the popularity of its parent chain, 

. Will this meme coin be a longtime favorite like 

 — or is it likely to be a flash in the pan? Keep reading to find out.

 is a Solana-based cryptocurrency built on the idea of fractional NFTs. Each person who holds WEN also has rights to a small portion of a viral poem entitled "A Love Letter to Wen Bros" by @weremeow.

The Wen project aims to promote positivity in the crypto community. Within the crypto world, it's popular to make fun of "wen bros" who are constantly asking creators "wen" they're going to release new digital assets. However, the endearingly profane poem that Wen’s creators chose to turn into a fractional NFT, "

,” expresses appreciation for the excitement and passion of those who are constantly on the lookout for new projects. Having it as the basis for Wen crypto has helped to spread this positive message to countless other people.

Furthermore, Wen is on a mission to support the Solana blockchain and the 

 (JUP) exchange. The coin was designed by Jupiter developers, who are dedicated to "giving back to the Solana community." They hope that their meme coin will attract attention to Solana and be a helpful way to test the new Jupiter token launch system. By creating an open-source NFT standard, the Wen Foundation hopes to provide fellow Solana developers with a useful new tool. Though the Wen crypto itself is simple, its design showcases all sorts of exciting possibilities for working with NFT projects on Solana.

Wen’s digital currency is based on the concept of the fractional NFT, a type of NFT that’s been broken into smaller pieces. In order to create Wen, the aforementioned viral poem was first turned into an NFT and then divided into 1 trillion individual pieces. All of these “fractions” were then attached to an individual WEN token. The end result is a system in which each token represents ownership in a small portion of the NFT’s digital assets.

To create this new crypto design with fungible tokens representing NFT ownership, the Wen team invented a new token standard for NFTs. The 

 is an open-source creation system for NFT projects that can be accessed by all community members. It was designed on the LFG Launchpad built by Jupiter. This token launch network is backed by the popular Jupiter swap aggregator, and runs on the Solana blockchain.

Wen has a total supply of 1 trillion tokens. The primary use for this digital currency is trading, but since it also represents ownership of @weremeow’s poem, users can also purchase tokens if they're interested in holding part of the rights to the poem.

The WEN crypto distribution plan is very straightforward, with 70% reserved for an airdrop giving free tokens to Solana community members, 20% held in a liquidity pool to facilitate trades and the last 10% forming the WEN Treasury, which helps further develop the Wen community. All tokens not claimed during the airdrop period 

The majority of Wen's tokens were distributed in a free airdrop that was designed to help promote the LFG Launchpad on the Jupiter exchange. Tokens were available for free to anyone who had used Jupiter in the past six months. People were also eligible for the airdrop if they participated in certain NFT or Solana projects, such as the Saga smartphone. Each user was allowed to claim 645,652 tokens.

 on Solana. People rushed to sign up for the platform and receive WEN tokens. Over 1 million users participated, and when the airdrop closed on Jan 29, 2024, over 400 billion WEN had been claimed. The remaining 300 billion WEN initially reserved for the airdrop were burned.

Due to its connections to Jupiter and popular crypto memes, WEN had a very successful launch. Jupiter reported that 

 of their daily trading volume came from WEN, making it one of the most popular meme coins for a brief period of time. Between Jan 26, 2024 and Jan 29, 2024, WEN prices soared. After starting at around $0.00005, WEN’s price reached $0.0018.

However, this all came to an end by Jan 30, 2024. The decline in prices coincided with the news that Wen's airdrop hadn’t been entirely successful. When people learned that roughly half of the tokens in the airdrop went unclaimed, it raised many doubts about the token's viability. Since then, prices have continued to decline. For most of early February, WEN’s price has fluctuated between 

WEN's days of volatile price spikes are most likely gone. The coin's meteoric rise, halted by the news of an underwhelming airdrop, was further overshadowed by Jupiter’s launch of its own token a few weeks later. Data analysis from CoinCodex reports that WEN's price will most likely 

However, even if WEN doesn't seem likely to make anyone a millionaire overnight, it still has some potential. Right now, the coin's price movements are mostly following the shifts of other cryptos, like those of the Ethereum blockchain. This generally leads to small price increases and decreases that certain investors can profit from. As long as you remain cautious and avoid overextending your finances, you may be able to profit from WEN in the future.

As a meme coin project, Wen is never going to reach the same level of stability as a blockchain such as Ethereum. However, it's still a neat token to explore if you're interested in fungible tokens and/or Solana NFT development. Not only was it created by the same team that designed the Jupiter exchange, but its theme also appeals to many crypto fans. Despite its recent decline in value, the WEN currency may still hold some opportunities for savvy investors.

Wen (WEN): A Community Coin Based on a Viral Fractional NFT

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards