💪🏻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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💪🏻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.