🎢Weekly Recap: Market Volatility Continues

Happy weekend Defiers!

It was a rollercoaster week for crypto markets. It started out promising, with a rally driven by renewed rate cut hopes, only to fizzle out by Friday.

EigenLayer’s highly anticipated airdrop can now be claimed and staked by eligible wallets, but the token cannot be traded yet.

The Solana ecosystem is buzzing as the Crossroads conference gets underway, with major announcements from Jupiter and MarginFi. CEO Anatoly Yakovenko said the network faces an opportunity to emerge as the leading monolithic chain in web3.

On the DeFi front, Ethena is integrating with Bybit to add its USDe as a collateral asset, the Blast ecosystem is booming after introducing Jackpots, and Cardano plans to include CIP-69 in its next hard fork to streamline app development on the network.

And don’t miss our feature on some of the most bizarre moments in crypto, showcasing some memorable rug pulls and memecoin monuments.

Enjoy!

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LIVE FROM ISTANBUL

Solana Crossroads - The Solana Conference [Day 2]

In partnership with Step Finance, we are broadcasting the full 2-day conference live as the exclusive media partner of Solana Crossroads in Turkey.

PODCAST & INTERVIEWS

Exposing Crypto's Hard Truths With Haseeb Qureshi From Dragonfly Capital

Haseeb Qureshi is a managing partner at Dragonfly Capital, a venture capital firm focused on investing in and supporting leading startups in the cryptocurrency and blockchain sectors. Our interview with Haseeb was recorded during Token2049 in Dubai.

BlackRock's BUIDL | Creating The Largest Tokenized Treasury Fund With Securitize

Securitize recently partnered up with BlackRock to explore innovations in tokenizing assets and broadening access to the private capital markets. In this podcast, we uncover all the details behind this collaboration and explore what the future holds for tokenized innovation.

VIDEO & TUTORIALS

Friend.Tech: Future of SocialFi or Ponzi Scheme?

Just when you thought SocialFi was going quiet - the Friend.Tech revamp has once again started making headlines.

New Features like key drops, Memeclubs, and pinned rooms are expected to radically improve the SocialFi landscape, and within just a few days, over 100,000 clubs have already been created. So what exactly has improved compared to v1, and is it too late to re-join what some still consider a ponzi?

Web3 Social Media | Lens Protocol vs Farcaster

Lens Protocol and Farcaster are decentralized social networking protocols based on Ethereum. In this clip, Lens founder Stani explains the differences and similarities between the two projects.

Saturday

MarginFi To Launch Solana LST-Backed Decentralized Stablecoin This Month MarginFi said XBY will be the first major decentralized stablecoin on Solana.

Friday

Markets Rally As Weak U.S Jobs Data Spurs Rate Cut Hopes Bitcoin and Ether gained 3%, while Solana soared 8% after U.S. unemployment claims came in above expectations.
Solana Memecoins Rally Alongside SOL As Crossroads Conference Kicks Off Solana-based memecoins are outperforming the broader crypto markets with market cap growth of 12%.
Jupiter Aims To Launch Mobile App By July The DEX aggregator now accounts for 50% of Solana’s computational load.
Bitcoin Crashes by $2,000 in 60 Minutes Ether dropped below $3,000 as leveraged liquidations approached $150 million.
Anatoly Yakovenko Previews Solana Post-Firedancer Solana’s co-founder says there the network faces an opportunity to emerge as the leading monolithic chain in web3.
The Most Bizarre Moments In Crypto There have been some oddball moments in our industry.
EigenLayer Airdrop Claims Go Live The EIGEN token is not yet transferable but can be staked and delegated to EigenDA node operators.
Cardano to Incorporate CIP-69 in Next Upgrade to Streamline dApp Development Founder Charles Hoskinson said that community feedback factored into the decision.
Crypto Markets Drop on Disappointing U.S. Economic Data Bitcoin plunged after lacklustre U.S. economic data and hawkish comments from Dallas Fed President Lori Logan.

Thursday

Blast Community Split Over Latest Jackpot Distribution Blast airdrop participants are frustrated after PacMoon holders earned more Gold in a week than dApps have earned in two months.
Pump.Fun Surpasses Uniswap in Weekly Revenue The memecoin launchpad raked in $3.3 million over the past seven days, putting it in second place behind Ethereum.

Wednesday

Fantasy.Top Blasts Off But Faces Malicious Bot Activity Nearly 34,000 users traded $24 million worth of cards in the first week.
Crypto Markets Give Up Previous Week's Gains Solana broke its three-day winning streak, dropping by almost 6% on the day.

Tuesday

Friend Tech Enjoys Activity Resurgence After V2 Rollout The price of FRIEND is up 200% from its May 3 low.
Polygon Launches Alpha Testnet For STARK-Based L2 Miden Miden seeks to introduce high throughput parallelized execution to Polygon’s line-up of Ethereum scaling solutions.
Ethena Integrates With Bybit To Add USDe As Collateral Asset Traders will also get exposure to zero-fee trading with BTC and ETH pairs.
Uniswap Votes To Transfer Second 1M UNI Grant To DeFi Education Fund The DEF shocked the web3 community by abruptly selling half of the 1M UNI grant it received in 2021.
AI Tokens Outperform as Crypto Markets Consolidate RNDR, TAO and FET have posted double-digit percentage gains in the past week.
Superchain-based Mode Network Kicks Off Airdrop The Ethereum Layer 2 network debuted at a $73 million market capitalization.

Monday

PEPE Dominates Memecoin Trading On Ethereum Ten times as many memecoins were launched in April 2024 compared to April 2023. But on Ethereum, most are still trading PEPE.
Jupiter Enables Trading for Non-Native Solana Tokens Including DOGE and BNB Leveraging the Clone Protocol, users can now trade non-native Solana assets without needing to use bridges.
Blast Ecosystem Surges on Novel “Jackpot” Incentive Structure Blast tokens and NFTs can now be entered to win Blast Gold via its new Jackpot mechanism.
Bitcoin and Ether Turn Lower After SEC Moves Against Robinhood The SEC issued a Wells notice to Robinhood regarding its crypto operations.
Robinhood Receives Wells Notice From SEC US regulators continue to wage war on crypto as the brokerage firm says, “Robinhood Crypto is here to stay.”