Friend.tech has launched version 2 of its blockchain-based social platform with new features and anticipation for a 100% airdrop of its FRIEND token.

The SPX index is down 1.6%, driven by a rise in bond yields following higher-than-expected employment cost data, raising concerns that the Fed might maintain higher interest rates. The broader cryptocurrency market is down, with Bitcoin and Ether dropping by 6.02% and 6.79%, respectively in the past 24 hours.

Today’s outperformer is FRONT, which jumped 4.6% after Frontier Wallet enabled secure cross-chain asset swaps to Cronos Chain with XY Finance.

Frontier (FRONT), founded in 2019, is a multi-chain DeFi and NFT wallet that supports over 65 blockchains and enables secure trading, staking, and asset management through a single interface. It integrates with top wallets via WalletConnect and simplifies the user experience by minimizing the need for multiple extensions and seed phrases. Frontier Wallet now 

 cross-chain asset swaps to Cronos Chain via XY Finance, enabling secure bridging to $CRO from over 20 blockchains. Users can also participate in the Spring Odyssey event, promising enhanced on-chain experiences with Frontier.

Check Out the Latest Prices, Charts, and Data of 

 for Bitcoin’s Lightning Network in partnership with Lightspark, offering users instant, low-cost Bitcoin transactions as an alternative to the slower, more expensive traditional Bitcoin network. This integration supports Coinbase's goal of creating a global payments system with transactions costing just one cent and processing within one second. The Lightning Network, operational since 2017, significantly reduces transaction costs compared to traditional finance methods, such as credit cards and wire transfers. This move not only enhances the utility of Bitcoin for Coinbase's customers but also advances the broader crypto ecosystem by supporting faster, more affordable, and more secure global payments.

After the debut of Hong Kong's first spot Bitcoin ETFs, Bitcoin's price fell below $61,000, with concerns it could drop further below $60,000. The launch triggered a "sell-the-news" reaction, contributing to a downward trend and negative net flows in U.S. Bitcoin ETFs. This situation poses risks but may also present a buying opportunity for long-term investors.

 version 2 of its blockchain-based social platform with new features and anticipation for a 100% airdrop of its FRIEND token. The company has already taken a snapshot for the airdrop, which may occur as soon as next week when points balances become blockchain-based. Friend.tech, which debuted in August 2023 on Base, a Coinbase-incubated Ethereum Layer 2, had initially seen significant activity but later experienced a decline. The latest update introduces the Money Club for managing community treasuries and minting tradable collectibles, a new points system for the airdrop, and custom engagement metrics. Additionally, version 2 allows users to customize their chat spaces. The platform currently has $34.4 million in total value locked, down from its peak of $52 million.

Beginner

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Friend.tech Launches Version 2 and Announces Airdrop

Learn how you can import your mnemonic phrase for Bybit Wallet with our comprehensive article.

For new users, it's recommended that they familiarize themselves with the wallet's basic operations, understand its features and characteristics, and then start using and importing mnemonic phrases.

If you haven't installed Bybit Wallet yet, please click 

After installation, you can pin the Bybit Wallet to the toolbar through the following steps:

 icon in the upper right corner of your browser, and the Bybit Wallet will pop up the initialization interface.

Before using your Bybit Wallet, please set a password first. This password is used to unlock your wallet and encrypt your key information. The local password will not be uploaded to our server, so please keep it carefully. Once lost, the password cannot be retrieved.

After entering the password, please check the 

If you are already using Bybit Wallet, then you only need one step to import your mnemonic phrase.

Please click on the wallet address to enter the wallet management page:

Next, enter the device password you created for the wallet and click 

After setting the local password, please select 

If your mnemonic phrase length is 12, you can click the 

 input box and paste it directly. Of course, you can also manually enter them one by one.

In addition, we also support mnemonic phrases of different lengths, which are 12-, 15-, 18-, 21-, and 24-word mnemonic phrases, all of which can be imported into Bybit Wallet. Please choose the one that suits you.

 button to import. Bybit Wallet will search for the wallet address that has assets under the mnemonic phrase and automatically import it into Bybit Wallet.

At this point, the mnemonic phrase has been successfully imported into Bybit Wallet.

In the import wallet interface, you can also choose to import the wallet using your private key. Just click 

, then enter your private key in the input box, and then click 

Now, you can start using Bybit Wallet to your heart's content. Remember to update your wallet regularly to get the latest features and optimizations. We are always working hard to improve and enhance the user experience of Bybit Wallet. If you have any suggestions or feedback, feel free to let us know any time.

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How to Import Your Mnemonic Phrase for Bybit Wallet

Today’s outperformer is ENA, which jumped 7.3% after Ethena's synthetic dollar launched on Swell L2 with rewards and airdrops in pre-launch phase.

The SPX index is up 0.32%, the Federal Reserve is expected to maintain borrowing costs, but investor focus will be on any changes in rhetoric after recent high inflation data. Market expectations for rate cuts this year have decreased, with only one 25 basis point reduction now anticipated, compared to three a month ago. The broader cryptocurrency market is down, with Bitcoin and Ether dropping by 1.23% and 4.01%, respectively in the past 24 hours.

Ethena Labs (ENA), founded in 2023, introduces USDe, a synthetic dollar on Ethereum, offering a decentralized alternative to traditional stablecoins. It features the 'Internet Bond' for global savings, using delta-hedging to manage volatility and aiming to transform the financial ecosystem by enhancing Ethereum's utility. Recently, $USDe is now available on 

. By depositing $USDe during the Pre-Launch phase, users can earn Sats, qualify for a Season 2 airdrop upon the L2 launch, receive additional airdrops from projects on Swell L2, and share 1 million EigenLayer Points. For more details, visit the Swell Network website.

Omnity has launched a new integration that allows for the fee-free trading of Runes tokens without impacting the Bitcoin network. This 

 utilizes the Internet Computer Protocol's chain fusion technology, enabling interactions with the Bitcoin blockchain and other networks without the need for wrapped tokens or off-chain relayers. The initiative, which distinguishes Omnity from other Bitcoin interoperability solutions, aims to address the scalability challenges of the Bitcoin network, particularly in light of increased activity from new technologies and Bitcoin ETFs. On April 20, the Bitcoin network hit a record high of over 926,000 transactions, with Runes tokens constituting a significant portion of this traffic.

Bernstein analysts believe the recent decline in Bitcoin ETF flows is temporary and predict a bullish future with a $150,000 BTC price target by 2025. They remain optimistic about Bitcoin's integration into financial platforms and its long-term acceptance. Additionally, they suggest that a denial of an Ether ETF could benefit Ether and Ethereum Layer 2 tokens. The firm expects the crypto market cap to triple to $7.5 trillion within two years.

 plans to distribute EIGEN tokens via airdrop from May 10 to September 7, targeting users who participated in Ethereum restaking on the EigenLayer protocol. The initial distribution, termed a "stakedrop," will allocate 5% of the total token supply based on activities as of March 15. The airdrop is divided into two phases, with 90% of tokens going to initially eligible users and the remaining 10% to those who interacted with EigenLayer in more complex ways. However, the airdrop excludes users from several countries, including the US and Canada, and implements strict measures to block VPN and proxy users. Future airdrops will reserve an additional 15% of the token supply. The EIGEN token, designed to address specific protocol faults, will initially be non-transferable and non-forkable to support the protocol's growth, with full functionality enabled later.

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Ethena’s USDe Launches on Swell’s Layer 2 Network

cat in a dogs world (MEW) is a no-utility, cat-themed meme coin built on Solana challenging the dominance of dog-themed coins in the crypto space.

The world of meme coins is wild and filled with all types of animals, such as dogs, cats, penguins and frogs. In 2024, the meme coin craze is back in full swing, evidenced by the astronomical gains made by top crypto meme coins like 

During this meme coin season, Solana-based meme coins have stolen the show with dog-themed tokens dominating the space. However, a recent cat-themed meme coin is seeking to challenge this dog-themed coin narrative.

cat in a dogs world (MEW) stormed into the meme coin space on Mar 27, 2024, and has been causing a stir with its remarkable price surge. Upon listing, MEW’s price soared by 385% to reach an ATH of $0.0097 within four days.

Let’s explore the MEW coin and find out why it’s one to watch in the thriving 

cat in a dogs world is a no-utility, cat-themed meme coin built on Solana (

It was launched on Mar 27, 2024, to provide a cat-themed token that would be a worthy competitor to the dog-themed meme coins dominating the space.

Barely 96 hours into the market, MEW had pumped by 385% to hit a price of $0.0097, during which its market capitalization reached around $848 million, a figure reserved for more established projects in the market such as 

MEW’s market cap has since shrunk to a more conservative figure of $357 million, with a 24-hour trading volume of $59 million on Apr 30, 2024. It’s currently trading around $0.004.

cat in a dogs world has a total/max supply of 88,888,888,888 tokens, of which 90% were burned as 

, while the remaining 10% were allocated as an 

MEW’s formidable success could be attributed to its tokenomics strategy, as burning most of the LP tokens creates a stable price floor and cushions the token against market volatility. The airdrop is also an excellent way to attract attention to the project and create brand awareness, further solidifying MEW's presence on Solana and in the cryptocurrency market as a whole.

Deliberately airdropping and burning the LP tokens enhances the value of the MEW token, while giving it a competitive advantage in the cutthroat world of meme coins.

Cat meme coins have been generating a lot of hype lately. Let's look at a brief comparison between MEW and two other cat-themed coins in the meme coin space.

 (CATS) have caused a stir in the meme coin space. Not only are they both trying to change the dog-eat-dog landscape, but they’ve also approached the market in an innovative way.

That said, unlike MEW, CATS has various utilities in its ecosystem, such as 

. Catcoin’s ecosystem is also filled with a variety of products, such as the Caring Cats charity and a non-fungible token (

) collection. While the two tokens entered the meme coin space at different times, they’ve both managed to draw attention to feline-themed meme coins.

 (OMNI), caused a stir when its price quickly soared after the coin’s debut in December 2023. However, unlike MEW, which is only available within the Solana ecosystem, Omnicat leverages omnichain technology and is available on seven blockchains, including 

While it may be a meme coin, Omnicat leverages 

’s blockchain in order to advance its mission of interoperability in the crypto space. Both MEW and Omnicat have adopted innovative approaches that seem to have paid off despite their meme coin narratives.

You can buy MEW Cat Coin on Bybit as a Spot pair (MEW/USDT) or a USDT perpetual contract (MEWUSDT). To celebrate this Spot listing, Bybit is holding two Token Splash events, 

, with 40 million MEW tokens up for grabs.

, is exclusively for new users, with a prize pool of 25 million MEW. By completing Identity Verification and accumulating a deposit volume of 25,000 MEW (worth 100 USDT), or depositing 100 USDT and trading 100 USDT worth of MEW tokens via your first trade with Bybit, you’ll have a chance to receive 5,000 MEW. Rewards are available on a first-come, first-served basis to the first 5,000 new users.

, has 15 million MEW tokens up for grabs. Simply trade at least 1,000 USDT worth of MEW tokens on Bybit’s Spot market to earn a share of the prize pool. 

Rewards will be capped at 200,000 MEW (around 800 USDT) per user.

While it’s primarily been a dog-eat-dog world in the meme coin space, tokens such as MEW are effectively diluting this narrative. Being one of the top-ranking Solana meme coins, the MEW cat-themed coin has followed others in the ecosystem by skyrocketing in price within a short time of entering the market, flooding Solana with much-needed liquidity.

Despite its slowed momentum — generally attributed to the currently fluctuating price of Bitcoin (

) — MEW remains a Solana cat-themed meme coin to watch when the market starts rallying again.

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cat in a dogs world (MEW): Pouncing on the Cat Meme Coin Craze

Altcoins

Crypto

web3

Explainers

Understanding what is crypto chainlink & how it works can enhance a trader's decision. Keen on making the right trade? Here's what you need.

Imagine a world where smart contracts can securely access real-world data to revolutionize industries, from finance to supply chain management. “What is Chainlink?” you might ask. Chainlink is paving the way for this new era by bridging the gap between blockchain technology and external data sources. But what exactly is Chainlink, and how does it work? Let’s unravel the mystery of this innovative decentralized oracle network and explore its potential to transform the world of smart contracts.

At its core, Chainlink is a decentralized oracle network that enables smart contracts to securely access external data sources and off-chain computing capabilities. This network solves the ‘oracle problem’. It does so by establishing a dependable link between blockchain-based smart contracts and real-world data. This connection enables 

Launched in May 2019, Chainlink has quickly become a prominent player in the blockchain industry, offering a solution that enhances the functionality of smart contracts. The network’s proprietary cryptocurrency, the LINK token, is instrumental in facilitating secure asset transactions within the Chainlink ecosystem.

Chainlink's Role in Blockchain Technology

The blockchain oracle problem has long been a stumbling block in the world of decentralized applications, as smart contracts inherently lack the ability to interact with off-chain data. The solution to this problem is the chainlink decentralized oracle network, which serves as a decentralized network linking smart contracts to external data and events, significantly broadening their capabilities and potential applications.

To ensure the accuracy and reliability of data, Chainlink relies on node operators who are responsible for providing access to a wide range of real-world data sources, such as:

This allows smart contracts to securely interact with the world beyond the blockchain through a secure asset exchange.

The LINK token is Chainlink network’s inherent cryptocurrency and serves as the driving force behind the oracle ecosystem. It is used for transactions, 

, and securing the network, making it indispensable in facilitating secure asset transactions within Chainlink.

Node operators are required to stake LINK tokens to participate in the Chainlink network. This requirement safeguards the network against harmful behavior or inaccurate data submissions. Staking not only assures the precision and integrity of the delivered data but also motivates node operators to uphold elevated performance standards. This makes the Chainlink network a dependable and credible solution for smart contracts.

Behind the workings, Chainlink functions through a series of contracts. These include:

These contracts work together to deliver accurate and consistent data to smart contracts. The network also uses an internal reputation system to evaluate the credibility of sources, which increases the accuracy of outcomes and safeguards smart contracts from harmful attacks.

Chainlink’s combination of chainlink reputation contract and reputation systems guarantees the accuracy and reliability of data delivered to smart contracts, making the network a powerful tool for developers seeking to incorporate real-world data into their decentralized applications.

 (SLA) contract to match users with the most suitable oracles. Oracle providers must commit a stake of LINK tokens to participate in the network, ensuring they have a vested interest in providing accurate and timely data.

Once selected, data providers, also known as oracle providers, are responsible for:

This system of incentives and penalties helps to maintain the integrity and accuracy of the data provided by the Chainlink network.

Data Collection, Processing, and Aggregation

Chainlink’s aggregator contracts connect with multiple oracle nodes to consolidate data into a single, reliable feed for smart contracts. This aggregation process includes a consensus algorithm where each node reports its price observation and signs it, resulting in a single aggregate value that guarantees the security and integrity of the data used in Chainlink.

Chainlink Network Security and Decentralization

Chainlink’s network security and decentralization are maintained through the following mechanisms:

These mechanisms work together to ensure the chainlink network secured and reliability of the Chainlink network.

Staking also plays an important role in the security of the Chainlink network, as it incentivizes users to lock up their cryptocurrency tokens as collateral. By staking LINK tokens, users are rewarded for their contribution to the cryptoeconomic security of Chainlink’s oracle services, increasing the overall security and decentralization of the network.

Validator nodes are central to Chainlink’s network security, as they stake LINK tokens to participate in the network and provide accurate data. They receive rewards for providing accurate data and face penalties for misconduct, ensuring that the network remains secure and reliable.

To become a validator node on the Chainlink network, individuals must 

 into a smart contract, which serves as a form of collateral on the blockchain. This staking process not only protects the network from malicious behavior but also incentivizes node operators to maintain a high level of performance, ultimately contributing to the overall security of the Chainlink network.

Chainlink’s reputation system monitors and rates nodes based on factors such as response time, completed requests, and penalty payments. This system helps to ensure that only the most reliable and trustworthy nodes are selected to provide data to the network, maintaining the accuracy and integrity of the data provided by oracles in the Chainlink network.

Penalty mechanisms, such as forfeiting staked LINK tokens, are in place to deter and punish any misconduct or unreliable data submissions by node operators. These mechanisms, combined with the reputation system, help to maintain the overall security and reliability of the Chainlink network.

Using Chainlink: Buying, Storing, and Staking

For those interested in participating in the Chainlink network, there are several ways to do so:

Whether you’re a developer aiming to utilize Chainlink’s robust oracle services or an investor looking to gain from the network’s potential growth, knowing how to buy, store, and stake LINK tokens is crucial.

LINK tokens can be purchased on various cryptocurrency exchanges, such as Bybit. The process for acquiring LINK tokens typically involves creating an account on the exchange, adding a payment method, and selecting the desired amount of tokens to purchase.

While each exchange may have slightly different procedures, the general process of purchasing LINK tokens remains relatively straightforward and accessible for users of all experience levels. Once purchased, LINK tokens can be stored in a secure wallet or used for staking within the Chainlink network.

To securely store LINK tokens, users have a variety of wallet options to choose from, including hardware wallets like 

 software wallets like TrustWallet, and online wallets like MetaMask. Each type of wallet offers different levels of security and convenience, so it’s important to choose the one that best suits your needs and preferences.

Regardless of which wallet you choose, keeping your private keys secure and maintaining proper wallet hygiene are essential practices for ensuring the safety of your LINK tokens and any other digital assets you might hold.

Node operators can stake Chainlink tokens to participate in the network and potentially earn passive income. Staking LINK tokens not only rewards node operators for providing accurate and timely oracle reports but also helps to maintain the overall security and reliability of the network.

To stake Chainlink tokens, users must follow these steps:

Chainlink’s widespread adoption and prolific partnerships with major blockchain networks and companies have contributed to its growing prominence in the blockchain space. These partnerships not only expand Chainlink’s use cases and adoption but also serve as a testament to the value and capabilities of its decentralized oracle network.

These partnerships underline the adaptability and potential of Chainlink’s services across diverse industries and sectors.

Chainlink's Future Developments and Innovations

Chainlink persists in innovating and developing novel features to refine its network and offer additional services to its users. One such development is the integration of off-chain reporting, which allows nodes to merge their observations into a single report sent off-chain. This reduces on-chain congestion and boosts the overall efficiency of the Chainlink network.

 enables seamless transfers of tokens and messages across multiple blockchains, further expanding the potential applications and capabilities of the network. These ongoing developments and innovations demonstrate Chainlink’s commitment to staying at the forefront of the blockchain industry.

Considering Chainlink’s widespread adoption, pioneering status, and efficient oracle solution, it could be a promising investment depending on individual goals and risk tolerance. With a present market value of $14.00 USD (As of 15th Nov 2023), Chainlink maintains its position as a leading entity in the domain of decentralized oracle networks.

However, potential investors should also take into consideration the various risks associated with investing in Chainlink, such as:

As with any investment, thorough research and careful consideration of potential risks and rewards are crucial before making a decision.

Chainlink’s innovative decentralized oracle network offers a powerful solution for connecting smart contracts to real-world data, enabling a wealth of new applications and use cases. With an ever-growing list of partnerships, ongoing developments, and a strong commitment to network security and decentralization, Chainlink has solidified its position as a leading force in the blockchain industry. Whether you’re a developer or an investor, the potential of Chainlink’s network and technology is undoubtedly worth exploring.

Chainlink is a decentralized oracle network that enables smart contracts to securely access real-world data and services outside of blockchain networks. It uses hybrid smart contracts to bridge on-chain code with off-chain data infrastructure, allowing for automated execution of pre-specified agreements on the blockchain.

With its solid real-world applications, Chainlink is an interesting and worthwhile investment.

Chainlink's combination of security, reliability, and access to data outside the blockchain makes it a popular choice for those looking to make use of smart contract capabilities.

Chainlink (LINK) is an ERC-20 token based on the Ethereum blockchain that powers the Chainlink decentralized oracle network. LINK uses a type of proof-of-stake consensus protocol, and can be rewarded for providing data to smart contracts. It has recently seen success in the altcoin rally, jumping more than 175% since January.

Chainlink provides a secure, reliable bridge between smart contracts and the data and resources they need to execute complex operations. It enables access to external data sources and off-chain computing capabilities, providing more powerful, trustless smart contracts.

What Is Chainlink? The Cross-Chain Interoperability Protocol

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