The Defiant

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✍️ In today’s newsletter:

EigenLayer Airdrop Claims Go Live
Bitcoin Crashes by $2,000 in 60 Minutes
Solana Memecoins Rally as Crossroads Conference Kicks Off
Anatoly Yakovenko Previews Solana Post-Firedancer
Crypto Markets Drop on Disappointing U.S. Economic Data
The Most Bizarre Moments In Crypto
Cardano to Incorporate CIP-69 in Next Upgrade
Jupiter Aims To Launch Mobile App Launch By July

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📈 Markets in the last 24 hrs:

	Ticker	Value	24h

Ticker	Value	24h
Bitcoin	$63,2843.38	%
Ethereum	$3,054 2.64	%
Gold	1st Future$2,332 0.80	%
S&P 500	5214.08 0.51	%
Arch Web	32.15 4.45	%
Learn more about Arch Indices ,[object Object]		%

🎬 WATCH

Check out our interview with Haseeb Qureshi from Dragonfly Capital. Plus, check out our tutorial exploring Friend Tech’s bubbling v2 iteration.

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Stellar empowers builders to unlock human and economic potential. Explore the new Stellar smart contract platform, Soroban, designed for scale and sensibility.

Guru builds Multi Chain AI Compute Layer with orchestration handled by Guru Enlightenment Network. Ecosystem is focused on implementation of Atomic Franchise Mechanism allowing Gurus to share and earn on their AI Processors and Individual agents.

Safe{Wallet} is considered the most secure wallet in the web3 space, trusted by Vitalik Buterin and leading projects to safeguard over $100 billion in assets. The smart wallet is widely known for its multisig functionality, offering robust security measures, convenient account recovery, and access to a thriving ecosystem of over 200 integrated apps.

🪂EigenLayer Airdrop Claims Go Live

Ethereum restaking protocol EigenLayer has opened up airdrop claims for users that participated in its stakedrop.

The EIGEN token is not yet transferable but can be staked and delegated to EigenDA node operators.

📉Bitcoin Crashes by $2,000 in 60 Minutes

Crypto markets turned sharply lower on Friday, retracing the gains from yesterday’s rate cut optimism-driven rally.

Bitcoin dropped 3% in the span of an hour, while Ether plunged below $3,000. Solana’s SOL dipped by 4% to $147.

📈Solana Memecoins Rally Alongside SOL As Crossroads Conference Kicks Off

Solana’s Crossroads 2024 conference in Istanbul is ongoing, and the markets are responding.

Memecoins unironically endured as a serious topic throughout the event, with multiple panelists requesting a show of hands from active meme token traders seated amongst the audience — each time eliciting an enthusiastic response.

The combined capitalization of Solana memecoins bounced 12% to $7.83 billion.

🔥Anatoly Yakovenko Previews Solana Post-Firedancer

CEO Anatoly Yakovenko said Solana will have officially transcended its “mainnet beta” with the impending launch of Firedancer — the Solana client from Jump Crypto.

Firedancer offers an entirely new codebase intended to eliminate the risk posed by Solana’s currently lone client implementation, increase transaction throughput, and bolster the network’s efficiency.

🏦Crypto Markets Drop on Disappointing U.S. Economic Data

Crypto markets fell sharply on Friday morning, reversing an earlier rally that had propelled the world's largest cryptocurrency to as high as $64,212 this week.

The catalysts for the drop in crypto prices were disappointing U.S. economic data and hawkish remarks from Federal Reserve Bank of Dallas President Lori Logan.

🤭The Most Bizarre Moments In Crypto

The term “meme” was coined by evolutionary biologist Richard Dawkins to define a unit of culture. Memecoins, in some ways, are the pinnacle of the concept, as they’re a unit of internet culture you can also own and trade.

Combine the already irreverent nature of memes with the ability to permissionlessly create meme-related tokens, and pretty bizarre moments will inevitably follow.

⛓️Cardano to Incorporate CIP-69 in Next Upgrade to Streamline dApp Development

Charles Hoskinson, the founder of the Cardano blockchain, has confirmed that CIP-69 will be included in the network’s upcoming Chang hard fork.

The proposed CIP-69 seeks to enhance security and confidence for developers building on Cardano. This change would permit a more versatile use of a single validator script, allowing it to serve multiple roles, including minting and spending of tokens, without the complications arising from current design constraints.

📱Jupiter Aims To Launch Mobile App By July

Siong, the co-founder of Jupiter, Solana’s leading DEX aggregator, unveiled a target launch date for the protocol’s mobile app.

Speaking during the Solana Crossroads 2024 conference, Siong revealed that the project is aiming to roll out its mobile app during “late May or early June.” Siong noted that a “test flight” version of the application is already “up and running,” with Jupiter currently in the process of submitting the mobile app to Apple for approval.

🌍 ELSEWHERE

Jack Dorsey Says Bitcoin Price Will Go Beyond $1 Million in 2030 (CoinDesk)
Banks feel FOMO as SEC rules keep them out of crypto custody (Fortune)
Trump Gains Crypto Investors Support At Mar-a-Lago: 'If You Like Crypto, You Better Vote for Trump' (Benzinga)