Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap.
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When it comes to mood swings and stalker-like tendencies, crypto users are starting to feel uncomfortably similar to Martha from Baby Reindeer. They have been the fixated, wide-eyed Martha constantly bombarding Bitcoin forums and Crypto Twitter with talks about pending bull runs and life-changing gains. Even a minor rally is being obsessively overanalyzed for any hint that this time, the relationship will finally be consummated. But much like Martha's unsettling obsession with Donny, crypto users' hopes only intensify when the prices experience a decline. While experts are still predicting a bull run to kick off soon, feeding into the community's unshakeable convictions, we're here to keep our users updated on everything crypto. So for today's TLDR on the stories moving the markets: | - LayerZero kicks off airdrop engines. But how many tokens are we talking about, and who's eligible for this airdrop?
- Fed leaves interest rates unchanged. But did this move impact crypto?
- BlackRock's $47M tokenization bet. But what's their grand plan with this funding round?
- Bitcoin Layer-2 Boom? What's driving this sudden surge of activity?
- Friend.Tech's V2 faces leak issues. What did it expose, and what's going on?
| Let's dive into each of these stories! | |
| GLOBAL MARKET CAP | $2.2T | ▲0.72% (24h) | | 24H MARKET VOLUME | $69.24B | ▼20.79% (24h) | | |
| BITCOIN'S DOMINANCE | 52.72% | ▲0.27% (24h) | | FEAR & GREED INDEX | 49 | Neutral | | |
| | | Bitcoin | | $58,951.48 | ▲1.3% (24h) | |
| | Ethereum | | $2,964.02 | ▼0.89% (24h) | |
| | BNB | | $563.01 | ▲0.67% (24h) | |
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| Data as of: 03 May 2024 11:15 UTC |
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|  | TOP GAINERS | 24H% | | | | | |
|  | TOP LOSERS | 24H% | | | | | |
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| LayerZero Kicks Off Airdrop Engines | In crypto, few words spark more feverish speculation than "memecoins" - that prospect of free money raining down from the blockchain heavens. This week, LayerZero sets that very mill churning after locking in their token distribution snapshot. While details remain unannounced for now, the act of capturing that all-important cutoff moment signals LayerZero's clear intentions to start dispersing governance power across its community through crypto airdrops. But do we have any idea how many tokens will be distributed? And who is eligible for this airdrop? Read the full story! | |
| And a Little Bit About the Interest Rates… | In an all-too-familiar scene playing out, the Federal Reserve once again found itself trapped between an inflationary rock and an economic hard place this week - ultimately opting to keep its benchmark interest rates parked at elevated levels. Fed Chair Jerome Powell effectively poured cold water on any imminent rate cut expectations during the latest FOMC meeting. But how did that impact the crypto market? Will this decision help the Bitcoin price? Read the full story! | |
| In a major vote of confidence, traditional finance titan BlackRock is doubling down on an upstart firm aiming to bridge the divide between legacy capital markets and the blockchain world. Securitize just hauled in a $47 million strategic funding round - and it was none other than BlackRock, the world's largest asset manager, leading the charge. But what are they trying to achieve with this funding round? Read the full story! | |
| CMC Hot List: Top 10 Tools for Pros | |
| | CoinMarketCap has compiled a list of the best tools to help you monitor on-chain signals, analyze investor sentiment, and build decentralized applications with flexibility. | |
| In the race to scale the world's premier cryptocurrency network, Bitcoin's layer-2 ecosystem is showing signs of a renaissance. Leading that charge is Stacks, the pioneering layer-2 built atop the Bitcoin base layer. The smart contract-enabled Bitcoin sidechain just witnessed an explosion in active user accounts through April. The numbers are staggering - over 122,000 individual accounts actively participated across Stacks' DeFi platforms last month alone. So what's catalyzing this sudden surge of activity? Read the full story! | |
| Friend.Tech's V2 Is Already Facing Issues | Friend.tech had its highly-anticipated version 2 launch all teed up for a seamless roll-out complete with a token airdrop to its community. But thanks to some smart contract info leaking out, things are not looking good. According to the DeFi detectives at CBBFOE, Friend.tech's v2 migration is packing a potentially controversial feature - the introduction of a non-transferable token called $POINT that would seemingly be locked within the platform's native DEX. But what's going on? What did the leak expose? Read the full story! | |
| And that's a wrap. We will be back with more updates! | |
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