LayerZero and Starknet Confirm Airdrops, El Salvador Announces "Freedom Visa"

Market Update The combination of consumer sentiment and unemployment data has provided fuel to support the soft-landing scenario. UMich consumer sentiment came in higher-than-expected (69.4 vs. 62.0), 1-year inflation expectations dropped significantly from 4.5% to 3.1%, and the unemployment rate came in at 3.7% vs. 3.9% expected. Anchored inflation expectations and lower unemployment are giving investors optimism that inflation can retreat while the U.S. avoids a recession, driving the SPX (+0.30%) and NDQ (+0.31%) above $4,600 and $16,000 respectively. Crypto markets are rising with equities, as $BTC (+1.44%) is pushing back towards $44k, and $ETH (+0.10%) is steadying around $2,360. Cardano is a notable top performer today, rising 25.06% to approximately $0.57, its highest level since August 2022. $BONK is continuing its meteoric rise, gaining 25% today and 137% on the week, propelling it into the top three meme coins with a $778 million market cap.Airdrop season is gearing up as LayerZero Labs and Starknet Foundation have confirmed respective airdrops for some time in the first half of 2024. Both were widely expected, but users are excited to hear explicit confirmations. LayerZero tweeted, “We’ll state now in no uncertain terms that there will be a LayerZero token. We�