It has been a busy day in terms of news, so let us catch you up on the latest and greatest.

Today’s Agenda:

• Market Watch
• Highlights of the Day
  • Stepns Announces Airdrop
  • Eesee’s Set to Launch its $ESE Token
  • SEC is Looking to Sue Uniswap
• Project of the Day
• Crypto Corner
• Market Sentiment and Predictions
• Business and Political Insights 

Market Watch

Top Gainers

• NEO ($NEO): +20.4%
• JasmyCoin ($JASMY): +17.1%
• Bittensor ($TAO): +16.8%

Top Losers

• Nervos Network ($CKB): -20.1%
• Uniswap ($UNI): -16.5%
• Aave ($AAVE): -5.6%

Trending Crypto Sectors/Categories

• Automated Market Maker (AMM)
• Defi Pulse Index (DPI)
• Stablecoins

Total Crypto Market Cap – 2.736 Trillion

Fear and Greed Index – 76

Top NFT Sale

• CryptoPunks #9089 Sold for 50 ETH 

Highlights of the Day

Stepns Announces Airdrop

Stepn, the revolutionary move-to-earn mobile fitness game, is thrilled to announce its latest endeavor – a massive 30 million airdrop campaign in collaboration with developer FSL. This exciting initiative will see 100 million airdrop points distributed among Stepn’s dedicated players, aimed at rewarding their loyalty and commitment.

Details of the Airdrop Campaign

FSL is orchestrating a week-long campaign for Stepn, rewarding loyal users with airdrop points redeemable for $GMT tokens on Solana. The campaign has two phases: Phase 1 rewards Achievement Badge Holders, while Phase 2 targets Genesis Sneaker NFT Holders for added exclusivity. 

Note: Earned points must be claimed by the end of April.

Eesee’s Set to Launch its $ESE Token

Eesee, the pioneering platform offering a seamless liquidity solution and gamified marketplace for sellers, is gearing up for a significant milestone: the launch of its $ESE token. Scheduled for April 11th, this Token Generation Event (TGE) marks a pivotal moment for Eesee after months of dedicated development and community engagement.

TGE and Pre-Market Performance

Eesee’s upcoming $ESE token launch follows successful IDOs and backing from the likes of Animoca Brands. $ESE will debut on Ethereum and Blast Network, showing strong interest with pre-market trading reaching $5-15, with over $200k trading volume on day one. As the only Blast token in pre-market trading, $ESE has potential to exceed its public sale price by 30-100x.

SEC is Looking to Sue Uniswap

The Securities and Exchange Commission (SEC) has set its sights on Uniswap Labs, signaling a new chapter in the agency’s extensive scrutiny of the crypto sector. This development comes in the form of a Wells notice sent to Uniswap Labs, indicating impending legal action. While the specific allegations remain undisclosed, the SEC is suspected to be targeting Uniswap for allegedly offering unregistered securities or failing to register as a broker or exchange.

Uniswap Responds

In response, Uniswap founder Hayden Adams has taken to social media to voice his discontent with the SEC’s actions. Adams accuses the agency of unfairly singling out Uniswap while turning a blind eye to other questionable entities in the crypto space. He points out what he perceives as hypocrisy in the SEC’s enforcement approach, lamenting the lack of clear and informed regulations. Adams contends that the SEC’s focus should be on creating transparent guidelines rather than targeting reputable platforms like Uniswap and Coinbase, while allowing less scrupulous actors to evade scrutiny.

Project of the Day

NEO

Neo ($NEO) stands as a pioneering software network, aiming to revolutionize transactions and decentralized services. As a blockchain-based platform, Neo facilitates the creation of decentralized products and services, alongside the digitization of identities and assets. At its core, Neo operates on the principle of a smart economy, utilizing smart contracts to manage ownership and transactions seamlessly.

With a market capitalization exceeding $1.6 billion and a price hovering around $23, Neo has recently experienced significant price movements, boasting a remarkable 50% surge in the past few days. This surge in price coincides with a growing community sentiment, characterized by a bullish outlook on Neo’s future prospects. Community interactions reflect high price targets and a strong belief in the long-term potential of the project.

Crazy Day in Crypto

• Bitcoin soared to $70,000 following the release of the latest high U.S. inflation report, indicating a growing confidence in its effectiveness as an inflation hedge.
• Bitbot, a Telegram trading bot, has raised over $2.1 million in its presale, amassed 80k followers on X/Twitter, and built a community of 27k members, showcasing strong confidence in its potential within the crypto trading bot sector.
• Solana’s Jupiter Exchange’s Core Working Group has recently decided to double its vesting timeline, stretching it from the original 2 years to now encompassing a period of 4 years.
• Jesse Pollak, Coinbase’s Head of Protocols, reports that Coinbase’s, Base, has witnessed a significant increase in transaction throughput, reaching 300-400 transactions per second (TPS) smoothly.
• MetaMask has teamed up with DayLight in a collaborative effort to integrate a feature allowing users to conveniently check their eligibility for airdrops directly within the MetaMask wallet.

Market Sentiment and Predictions

• As per CryptoQuant, the upcoming Bitcoin halving may have minimal price impact, with demand from large, long-term investors holding between 1,000 and 10,000 BTC likely to be the key price driver due to reduced new issuance.
• As per Policygenius, Gen Zers demonstrate a stronger inclination towards owning cryptocurrency over stocks, with 20% holding cryptocurrency compared to 18% owning stocks.
• According to a recent Reuters report, Hong Kong is anticipated to approve spot bitcoin ETFs as soon as next week, potentially paving the way for increased institutional investment in the cryptocurrency market.

Business Talks & Political Insights

• VanEck’s top executive doubts the SEC’s readiness to approve their ETH ETF application next month, echoing industry-wide uncertainty surrounding cryptocurrency ETF approvals, especially for Ethereum-based funds.
• US inflation climbed to 3.5% in March, surpassing expectations and reducing hopes for Federal Reserve interest rate cuts, shifting focus to comments from Fed Chair Jerome Powell on the direction of interest rates.
• Metaco, owned by Ripple, has seen a notable departure of crucial executives and marketing staff, with unclear reasons prompting speculation about post-acquisition changes or connections to Ripple’s legal issues.
• BlackRock’s Bitcoin ETF is quickly narrowing the gap on Grayscale’s GBTC in assets under management, which currently stands at just under $4 billion and could potentially flip as early as this month.