Jupiter Announces Airdrop Details, Hashdex Bitcoin ETF Delayed

Market Update Equity indices are flat on the day after weekly jobless claims reached a two-year high and exceeded expectations (231k act. vs 220k exp). Treasury yields are falling following the data release, and markets are now pricing in a 49% chance of a May 2024 rate cut. Crypto markets are retracing some of yesterday’s gains, with $BTC (-4.22%) trading at $36.3k and $ETH (-3.10%) trading slightly below $2k. ETH/BTC is showing modest gains today, rising 1.12%, despite BlackRock officially filing an S-1 for a spot Ether ETF. AI-related tokens have been the strongest performers this week, with tokens like $RNDR and $TAO gaining 33% and 15%, respectively.Solana-based DEX aggregator Jupiter has announced the details of its airdrop to reward early users of its product. Jupiter is the largest DEX aggregator on Solana by trade volume, facilitating over $1 billion in swaps in October. Jupiter’s founder took to Twitter to announce the details, saying Jupiter will have a total supply of 10 billion tokens, 40% of which will be allocated to the airdrop. The airdrop will be distributed via four phases, with the first phase distributing 1 billion tokens across three tiers. The first tier will evenly distribute 200m tokens to 955k wallets that conducted over $1000 in swap volume b