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April 24, 2025

💪🏻BTC Holds Steady at $93K as Broader Market Drops

Good Afternoon, Defiers!

The crypto market experienced volatility on Thursday with total market cap dropping around 2% but Bitcoin held firm around $93K.

Zora, which had a controversial week, launched an airdrop that left many users confused when they couldn’t claim or sell their tokens.

Meanwhile, Helium has partnered with telecommunications giant AT&T to provide WiFi to users.

✍️ In today’s newsletter:

  • Bitcoin shows resilience as broader crypto market slips
  • Zora’s recent airdrop leaves users confused and enraged
  • EtherFi unveils plans for a “DeFi bank”
  • AT&T partners with dePIN network Helium
  • Scroll claims to achieve ‘Stage 1’ decentralization
  • Record 72 crypto ETF documents are filed with the SEC
  • Meebits partners with THINK protocol

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📈 Markets in the last 24 hrs:

TickerValue24h
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🎬WATCH

Check out The Defiant’s interview with Base creator Jesse Pollak. Last week, The Defiant’s Camila Russo sat down with Pollak to discuss Base’s controversial launch of “content coins” on web3 social network Zora.

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💪🏻Bitcoin Holds Steady at $93,000 Amid Market Volatility

Bitcoin today held steady at around $93,100 despite market volatility and a 2.4% dip in total crypto market cap, Meanwhile Ethereum and other major tokens recorded slight declines.

🪂Zora’s Token Airdrop Sparks Confusion

Zora launched its native token $ZORA via a massive airdrop to 2.4 million wallets. However, the rollout was plagued by technical issues, poor communication, and a 33% price drop, frustrating many users.

📣Top 5 DeFi Protocol EtherFi Unveils Non-Custodial 'Defibank'

EtherFi, the fifth-largest DeFi protocol by TVL, is launching a "defibank,” a non-custodial banking alternative. The platform aims to integrate a host of DeFi tools into EtherFi that will allow users to conduct day-to-day finances.

🤝AT&T Partners with DePIN WiFi Provider Helium Network

Helium has partnered with AT&T to provide seamless WiFi connectivity to AT&T customers via its decentralized network of over 90,000 hotspots.

Moreover, when customers are connected to any of the hotspots, hotspot owners can earn HNT, Helium’s native token.

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Stablecoins are exploding, projected to hit $230 billion in 2025, bridging traditional finance and blockchain. Leaders like Tether and Circle, alongside innovations like Ethena’s yield-generating USDe, are driving adoption. They’re slashing cross-border payment times and costs, and powering DeFi’s growth. But are they a valuable inroad for institutions or a Trojan horse? As on-chain finance continues to grow and innovate, banks and other established financial institutions face a choice: adapt or risk obsolescence. Will stablecoins empower traditional finance to capitalize on the new value being generated by Web3, or serve as the seed for decentralization? Platforms like Stellar that enable compliant issuance may offer a middle path.

READ MORE: Stablecoins: Institutional Game-Changer or Web3’s Trojan Horse?

🗣️Ethereum Layer 2 Scroll Claims to Achieve ‘Stage 1’ Decentralization

Scroll has launched its Euclid upgrade, making it the first zero-knowledge rollup to achieve Stage 1 decentralization. The upgrade comes as Scroll’s total value locked (TVL) and token price have plunged since October.

🏦With a Pro-Crypto SEC and 72 Crypto ETF Filings, Bloomberg Analyst Predicts ‘a Wild Year’

A record 72 crypto-based ETF filings – including spot, options, and leveraged products for assets like XRP, DOGE, SOL, and even Trump-themed memecoins – are now awaiting SEC approval, according to Bloomberg analysts.

🤖Meebits NFT Project Integrates with AI Agent Platform

Meebits, the voxel NFT collection from the creators of CryptoPunks, is venturing into the AI agent space. Thanks to new leadership, Meebits has plans to integrate its NFTs into THINK's onchain AI platform.

🔥TRENDING