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📈 Crypto Markets Post April 2024 Highs
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GM Defiers!
The crypto markets rebounded to new April 2024 highs, with Bitcoin rallying to test $72,000 and Ether pressing above $3,700. The move coincides with strong performances in the equities and gold markets, with both the Nasdaq100 and gold posting all-time highs in recent days.
Airdrops continue to impress, with Tensor, a Solana-based NFT platform, launching its TNSR token at a roughly $1.9 billion valuation.
Stacks, the popular Bitcoin Layer 2, announced it will integrate with Portal to facilitate cross-chain atomic swaps for its synthetic BTC token, sBTC, between Bitcoin and its L2 once the token is live.
And SilkRoad Foundation, a memecoin rug-pull reclaimed by community members in support of FreeRoss DAO, is raising funds for the family of Ross Ulbricht, Silk Road’s incarcerated founder.
✍️ In today’s newsletter:
- Crypto markets bounce to new April highs
- TNSR airdrops at $1.9B fully diluted valuation
- Stacks taps Portal for atomic sBTC swaps
- Reclaimed rug-pull raises funds for Ulbricht family
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📈 Markets in the last 24 hrs:
Ticker | Value | 24h |
---|
Ticker | Value | 24h |
---|---|---|
Bitcoin | $69,2120.31 | % |
Ethereum | $3,425 1.86 | % |
Gold | 1st Future$2,326 1.61 | % |
S&P 500 | 5204.34 1.11 | % |
Arch Web | 32.79 1.66 | % |
Learn more about Arch Indices ,[object Object] | % |
🎬 WATCH
Check out our guide to earning memecoins using Farcaster and Drakula. Also, watch our podcast with Mike Silagadze, the founder of EtherFi, and Nikhil Raghuveera, the co-founder of Aethos, for a preview of EigenLayer’s AVS ecosystem.
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👀 Markets Rally as Old Holders Are Met By New Money
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The crypto markets rebounded to post new monthly highs yesterday, coinciding with strong momentum for traditional assets. However, the bounce was short-lived, with BTC and ETH shedding 4.4% in the past 24 hours.
🪂 Airdrop April Continues as Solana NFT Platform Tensor Launches Token
Tensor, a top NFT platform on Solana, dropped $250M worth of TNSR tokens to early adopters. The token generation event follows a spate of high-value airdrops across leading networks, with TNSR boasting a $1.9 billion fully-diluted valuation.
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🌉 Stacks To Integrate Portal DeFi For Bitcoin To Layer 2 Atomic Swaps
Stacks will integrate with Portal to enable atomic swaps for its forthcoming synthetic Bitcoin token, BTC. The move will allow non-custodial swaps between the Bitcoin and Stacks networks, bypassing the third-party and custodial risks typically associated with cross-chain transactions.
🎁 SilkRoad Foundation Raises Funds For Ulbricht Family After Repurposing Rug-Pull
SilkRoad Foundation raised $2,850 worth of funds for the family of Ross Ulbricht, the incarcerated founder of Silk Road, in 12 days. The fundraising efforts come after the organization was founded through a “community takeover” of a memecoin rug-pull.
🌍 ELSEWHERE
- SEC delays decision on spot bitcoin ETF options (The Block)
- Metaplanet Shares Soar as Japanese Firm Mimics MicroStrategy on Bitcoin Buying (CoinDesk)
- Solana developers eye fix for network congestion by mid-April as projects delay launch (CryptoSlate)
🔥 TRENDING
- The Bitcoin Halving Is 19 Days Away — How Did BTC Perform In Past Cycles?
- Crypto Markets Bounce As Hedge Funds Pile On Bitcoin Shorts
- AI-Powered Web3Firewall Raises $2.5 Million Round Led By Nomura's Laser Digital
- Aave Reduces MakerDAO's DAI Collateral After Proposal to Completely Eliminate It
- BONSAI Memecoin Aims to Becomes De Facto Currency On Lens After $1M Angel Round
- MakerDAO Founder Says Having “Rando’s” Participate in Governance Makes DAOs Unpredictable
- Frax Stakers On Track To Earn $20.8M Annually After Fee Switch Activation
- Crypto Heavyweights Torn Over Ethena’s New Stablecoin
- Vana Launches DAO Allowing Users To Control and Sell Their Reddit Data
- Ethena Labs ENA Launches at $1 Billion Market Cap Post Airdrop As “Sats Campaign” Kicks Off
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