Together with | | GM Defiers! | 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 | 24 H |
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| Bitcoin | $65,380 | 1.51 % | | Ethereum | $3,165 | 4.74 % | | Gold 1st Future | $2,356 | 0.06 % | | S&P 500 | 5123.41 | -1.46 % | | Arch Web3 | 2.13 | 9.25 % | | Learn more about Arch Indices here. | |
| | | | | 🎬 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. |  | Avalanche vs. The World: Emin Gün Sirer Saw It Coming |
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| | THANKING OUR NEWSLETTER SPONSORS | | NEWSLETTER CONTINUES BELOW | | | NEAR is the chain abstraction stack, empowering builders to create apps that scale to billions of users and across all blockchains. | | Access crypto price, market data, metadata and on-chain DEX data on CoinGecko API, the world's most reliable cryptocurrency API tracking 2.4M+ cryptocurrencies across 140 networks. Get 15% off with code "DEFIANT15" at www.coingecko.com/api! | | DexToro is a decentralized derivatives exchange powered entirely by audited Ethereum smart contracts. Trade Crypto and Forex with up to 50x leverage with full custody of your assets. NO KYC. | | | | 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'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. | | |
| | | | | 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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| | | | | | 3,000 Attendees | 50+ Speakers | Solana Conference
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! |
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| | | 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 | | |
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