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⚔️Markets Crater On Rising Geopolitical Tensions
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Geopolitical concerns continue to spook investors, sending global markets lower and wreaking havoc on altcoins.
Meanwhile, USDT issuer Tether is working on a platform for tokenizing real-world assets, and Parcl, a real estate trading protocol, has launched its highly anticipated token amid challenging market conditions.
✍️ In today’s newsletter:
- Most altcoins plummet 30% or more as selloff deepens
- Tether CEO teases tokenization platform
- Solana-based Parcl launches token and airdrop
🙏Sponsored
📈 Markets in the last 24 hrs:
| Ticker | Value | 24h |
|---|---|---|
| Bitcoin | $65,3801.51 | % |
| Ethereum | $3,165 4.74 | % |
| Gold | 1st Future$2,356 0.06 | % |
| S&P 500 | 5123.41 | -1.46 % |
| Arch Web | 32.13 9.25 | % |
| Learn more about Arch Indices ,[object Object] | % |
🎬 WATCH
Check out our interview with the founder of Script3, to learn about Blend Capital, its Stellar-based lending protocol deployment platform. We also spoke to Emin Gun Sirer, the CEO of Ava Labs, to get his take on the rapidly expanding Layer 2 sector and Avalanche’s future.
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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⚔️Crypto Markets Crater On Rising Geopolitical Tensions
It’s been a rough week for global markets as rising tensions between Israel and Iran dominate the headlines.
Bitcoin is down 2% today and more than 10% in the last 7 days, currently changing hands for $62,000. Meanwhile, most altcoins have been obliterated by 30% or more as Bitcoin’s dominance rose above 57% on Saturday.
However, some traders believe that the selloff represents a buying opportunity for sidelined investors.
🌐Tether CEO Teases Sweeping Tokenization Platform
Tether's CEO, Paolo Ardoino, recently teased a new tokenization platform, describing it as a "masterpiece" that is fully non-custodial, multi-chain, and supports multiple asset types.
Although specific details remain scarce, Ardoino highlighted that the platform would enable the tokenization of a wide range of assets, from financial instruments like bonds and stocks to everyday items like coffee shop rewards.
Currently, Tether's USDT, which is pegged to the US dollar, dominates the stablecoin market with a 77% share.
SPONSORED POSTS
LightLink Will Start a Fair $LL Token Distribution this week.
LightLink, a hidden gem EVM L2 with gasless transactions, is set to distribute its native token $LL through Fjord Foundry's Liquidity Bootstrapping Pool (LBP) this week!
- Gasless Layer 2.
- Celestia underneath.
- 115,000 daily transactions on Mainnet.
- Partnered with Animoca Brands and 25+ other ecosystem projects.
- $6.2M in seed round from both Web2 and Web3 investors.
Among common token utilities, $LL holders will be able to acquire NFT nodes to become LightLink validators and earn rewards.
LightLink will distribute $LL through Fjord Foundry's LBP. Its price decay mechanisms deter whales, while users purchase tokens at a fair price. Currently, Fjord is one of the most popular IDO platforms, with $131M raised in Q1 2024.
READ MORE: LightLink Will Start a Fair $LL Token Distribution this week
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Don’t miss Solana’s largest community conference - Solana Crossroads. Join 3,000+ other attendees on May 10-11 in Istanbul and listen to speakers such as Anatoly Yakovenko, Raoul Pal, Ansem, and more. Get your tickets before they’re sold out. Get tickets here!
🏘️Solana Real Estate Protocol Parcl to Airdrop Token
Solana-based real estate trading protocol Parcl is set to airdrop 800 million PRCL tokens. The token's pre-sale floor price was $1.23, valuing the project at over $1 billion.
Parcl enables trading of perpetual futures on real estate, offering exposure to various global locations. The total value locked in the project is $121 million, with several exchanges set to list the PRCL token.
🌍 ELSEWHERE
- Ether, Bitcoin ETFs Topped Last Week's Best Performers (etf.com)
- Hong Kong’s crypto ETFs will be ‘nickels and dimes’ compared with U.S. versions (Fortune)
- Crypto Exchange OKX's Polygon-Powered Layer 2, 'X Layer,' Hits Public Mainnet (CoinDesk)
🔥 TRENDING
- BlackRock Would Still Pursue Spot Ether ETF If Ethereum Cops Securities Designation
- Pantera-Backed Rollup Omni Network Announces Airdrop
- Single Entity Controls Keys to Nearly 50% of All Newly Mined Bitcoin
- Layer N Launches Testnet, Aims To Host Unified Ecosystem Of Appchains
- Runestones Wants to Become the Biggest Memecoin Community, Says Creator
- Airdrop April Continues as Solana NFT Platform Tensor Launches Token
- Hot New Restaking Project Karak Faces Backlash Over Team’s Past