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📈 Crypto Markets Post April 2024 Highs
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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 |
|---|---|---|
| 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
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