The first quote | The Drift project launched 100 million Token Airdrop, Avalanche on-chain launched the HELOC tokenization, and the Super AI Alliance ASI proposal was voted on by AGIX holders, and the global market remained cautious

crypto world Daily Digest: Solana Project Drift Launches 100 Million Token Airdrop, Avalanche Blockchain Launches HELOC tokenization, Super AI Consortium ASI Proposal Voted On by AGIX Holders

Let's take a look at Bitcoin Spot ETF trading activity, according to Farside Investor data, Grayscale's GBTC outflows were $79.4 million on April 16, while Fidelity Bitcoin Spot ETF (FBTC) saw $1.4 million inflows and 21Shares Bitcoin Spot ETF (ARKB) outflows of $12.9 million ARK.

The recent tense economic and political situation has tended investors to a risk-off bias, the Crypto Assets market has fallen significantly, and the corresponding ETFs have continued to show net outflows; although Bitcoin remains the best performing Crypto Assets even after it takes a hit, with Bitcoin's market dominance reaching its highest level since April 2021.

DEX Drift on Solana is about to launch an Airdrop of its governance token, DRIFT. Drift said Tuesday that the total supply of DRIFT tokens is 1 billion, of which 10%, or 100 million, will be distributed via Airdrop. The 100 million Tokens will be Airdropped based on users' activity on the Drift platform and are expected to reach 180,000 users.

Launched on Solana in 2021, Drift is one of the first Decentralized Finance projects on the Blockchain. Since then, it has contributed to more than $20 billion in cumulative volume, and TVL has now surpassed $250 million.

All DRIFT Tokens will be distributed within five years, with more than 50% of the Tokens allocated to the community. Specifically, communities and ecosystems will receive 53% of the Token, 25% for protocol development, and 22% for strategic players.

It is reported that Drift has conducted long Snapshot in the past three years and conducted a comprehensive activity analysis of the Token Airdrop.

SingularityNET, a centralized AI network, announced on Platform X that the vast majority of long AGIX Token holders have approved the proposal for the Artificial Superintelligence (ASI) Alliance.

Previously, SingularityNET, Fetch.ai, and Ocean Protocol announced the formation of the Artificial Superintelligence Alliance. Create the largest Open Source Decentralization network with the merger of billions of Token.

In this alliance, the Token$FET, $OCEAN, and $AGIX used by the three alliance member networks will be combined into a single $ASI Token Token that will be used in the combined Decentralization AI network, providing unprecedented scale and capabilities. According to the merger plan, the fully diluted market value of the ASI Token is expected to reach $7.5 billion.

Home Equity Line of Credit (HELOC) tokenization protocol Homium announced that it has successfully closed a $10 million funding round led by Sorenson Impact Group and Blizzard.

Homium is based on the Avalanche Blockchain, which allows homeowners to borrow against their home equity without increasing their monthly debt burden, according to its official statement. With Homium, homeowners can use a portion of their home's future value as collateral for a loan interest.

At the same time, investors will receive a tokenization asset that can track the price appreciation of shared housing pools on the Homium platform. The initial home tokenization loan service will be available in longest Colorado, USA.

Citibank describes tokenization as the next "killer use case" for Crypto Assets, arguing that the size of real-world asset tokenization could reach $5 trillion by 2030.

Market Trend

The market showed a weak and volatile trend, with Bitcoin rebounding from $62,000 yesterday evening to around $64,000. It was less than 3 days before the Bitcoin Halving, and Spot ETF had a net outflow for two consecutive days. On the macroeconomic front, the U.S. stock market was also volatile, with the U.S. dollar index hitting a new high in nearly six months. Powell's hawkish speech once again stirred up rate cut expectations.

Market Hotspots

1. **modular blockchain TIA Contrarian pump: The loan-to-value of TIA reaches 67%, and the next large unlock will be in October half a year later. This type of sub-new coin has a good chip structure and is easy to be controlled.
2. Fan coin zone Token pump: SANTOS, PSG, OG and other fan coin zone Token pump. The European Cup football tournament is about to start, and the market is hyping related concept Tokens.
3. **Strong coins in the early stage made up for the falls: ** ENA, PENDLE, CKB and other strong coins in the early stage made up for the falls, and the intraday falls were more than 20%. Yesterday, the ENA project transferred more than 35 million ENA to major centralized exchanges, and the signs of dumping were obvious. The catch-up falls of strong coins may indicate that the falling market has entered the second stage, and another falling may be a more suitable time to buy the dips. Investors should pay close attention to market trends and make prudent decisions.

Overall, the market is weak and volatile, and investors need to be cautious and adjust their investment strategies according to market hotspots and market trends.

Macro: Wall Street closes lower, Asian markets pump fall mixed, global economy may be "slow and stable rise" this year

The International Monetary coin Fund said on Tuesday that the global economy will usher in another "slow but steady rise" year, and the strength of the United States will push world output to overcome headwinds such as persistently high inflation, weak demand in China and Europe, and spillover effects from two regional wars.

Wall Street stocks closed lower in choppy trading on Tuesday as Treasury yields climbed. Investors showed caution in weighing the resilience of the U.S. economy against the impact of persistent inflation on the likely direction of Intrerest rates.

Fed Chair Jerome Powell said the recent inflation data did not give policymakers enough confidence to ease credit anytime soon. He noted that the Fed may need to keep Intrerest Rate higher for longer than previously expected.

The Dow Jones pump 0.17%, the S&P fall 0.21%, and the Nasdaq fall 0.12%. The Dow was buoyed by better-than-expected results from UnitedHealth Group. Real estate and utilities stocks dragged down the S&P 500, while technology stocks provided the biggest boost to the index.

Markets have slashed their expectations for rate cuts this year to fewer than two, a dramatic change from the roughly six expected at the start of the year. Despite the decline in market confidence, the first rate cut is still expected in September.

On Wednesday, U.S. Treasury yields hit a five-month high, the dollar surged against other coin, and Asian equities pump fall mixed. MSCI's ex-Japan Asia-Pacific equity index pumped 0.2% after big dumping more than 4% in the past three sessions. Taiwan stocks outperformed the broader market, pumping 1%, while other markets were flat.

Japan's Nikkei falls 0.7% to its lowest level in two months. China's Blue-Chip Stocks fell fall 0.1%, and Hong Kong's Hang Seng Index edged higher pump 0.1%.

Geopolitical issues remain tense so far this week, but oil prices have softened as economic headwinds weigh on investor sentiment and dampen gains from geopolitical tensions. Markets are focused on how Israel might respond to Iran's attacks on Israeli territory over the weekend.

Brent crude futures for June Delivery fell fall 7 cents, or 0.1 percent, to $89.16 a barrel, and U.S. crude futures for May Delivery fall 10 cents, or 0.1 percent, to $85.26 a barrel.

Oil prices were lower in early trading on Wednesday as concerns over global demand from China's weak economic momentum and waning hopes of a near-term U.S. interest rate cut outweighed supply concerns from heightened tensions in the Middle East.

Gold prices held at $2,384.29 an ounce, not far from an all-time high of $2,431.29.

by Sherry S. & Icing.

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