### 1. Market dynamics

In the cryptocurrency market, Bitcoin (BTC) continues to fluctuate sideways, while altcoins as a whole show a general downward trend. At the same time, Binance founder Zhao Changpeng (CZ) will face the trial results on April 30, and this event has attracted much attention.

The US stock market has rebounded, and the financial reports of many companies have met expectations, which has brought certain positive effects to the market.

### 2. Market hot spots

#### 1. ENA, a stable currency for computing power, has risen sharply

The ENA, a stable currency for computing power, has risen sharply recently. It is expected to unlock $50 million next week, which has attracted market attention.

#### 2. EigenLayer airdrop plan for re-pledged projects

The re-pledged project EigenLayer announced that it will airdrop 15% of its tokens on May 10, of which 5% will be allocated to the first phase and 10% will be allocated to one-year holders. The futures price of the project has now reached a market value of $17 billion. Compared with its track competitor LDO, its TVL (Total Value Locked) is twice as high, but its market value is only $2 billion. This news is good for small and scattered investors.

#### 3. Pendle, a re-staking project, has fallen sharply

The price of Pendle, a re-staking project, has fallen sharply recently, including the yield token YT, because the first round of airdrops was not implemented. In addition, with the end of the airdrop of the Ethereum re-staking narrative, the demand for mining shovels has declined, which has also had a negative impact on Pendle.

#### 4. OK launches the MESON project

The OKEx exchange announced the launch of the MESON project, which is a decentralized bandwidth project similar to Xunlei Wanke Cloud, a project from Shanghai. The project was valued at US$250 million when it was raised two years ago, and its current market value has reached US$300 million. The launch is expected to be relatively low-key.

#### 5. OK launches the RUNECOIN project

OKEx will also launch the RUNECOIN project, which is the airdrop token rune of the mining machine RSIC. The project party has reserved 10% of the tokens, of which 5% will be paid to OKEx as the launch fee.

#### 6. Base Chain Social Protocol FRIEND.TECH Airdrop Plan

Base Chain's social protocol FRIEND.TECH announced plans to airdrop on Thursday. Airdrop activities usually attract a large number of retail investors and also trigger hype about related projects. #BTC #ETH