Blast Airdrop Goes Live, Bybit Card Integrates with Apple Pay
Crypto Market Update
U.S. equities are relatively flat as the DXY N/A% has surged above $106, fueled by the Yen’s weakness, with USDJPY hitting its highest level since 1986. Crypto assets are giving back some of yesterday’s gains, with BTC 1.04% trading at $61.2k and ETH 0.23% hovering near $3,350. AVAX 1.74% is showing strength today following news of popular web3 developer, OtherWorld announcing its choice to build an NFT platform on Avalanche. OtherWorld will leverage its own Avalanche Subnet featuring gasless transactions and the NFT platform will be based on Solo Leveling, a South Korean “webtoon” that has accumulated over 14 billion viewers. OtherWorld also owns IP rights to 26 other webtoons, which can be converted into digital collectibles.
Blast Airdrop
The Blast Foundation initiated the first phase of its airdrop program, with 17 billion BLAST tokens available for claiming today. Of the 17 billion tokens, 7 billion are allocated for Blast Point holders, 7 billion for Blast Gold holders, and 3 billion for the Blur Foundation. The total supply of Blast is 100 billion tokens, with 50% of the supply earmarked for the community, 25.5% for core contributors, 16.5% for investors, and the remaining 8% maintained by the Blast Foundation. Blast has quickly become the 6th largest on-chain economy, accumulating over $2 billion in TVL in less than 100 days. It remains to be seen how sticky that TVL is and whether users were mainly airdrop farming. BLAST N/A% claims went live at 10 AM EST this morning, opening at $0.024 and currently trading at $0.021, implying an FDV of approximately $2.1 billion.
![Blast Airdrop Goes Live, Bybit Card Integrates with Apple Pay](https://cdn.fsinsight.com/wp-content/uploads/2024/06/image-65.png)
Bybit Card Integrates with Apple Pay
Bybit Card, a Mastercard-issued debit card that allows users to leverage their Bybit crypto balances for payments and cash withdrawals, can now be added to Apple Pay. The Bybit Card supports payments using eight different crypto assets, including USDC, Tether, Bitcoin, and Ethereum. Apple Pay is one of the most used payment services globally, with an estimated 640 million users worldwide and accounting for 12.6% of all online consumer payments in 2023. The integration gives Bybit users an easy way to off-ramp digital assets and spend in the real world while integrating crypto into their daily lives. Crypto companies continue to try and bridge the gap between the two sectors and find ways for people to operate on blockchain rails without noticing any differences compared to traditional infrastructure.
Technical Strategy
Despite the ongoing consolidation seen across many cryptocurrencies, TRON has taken the lead in achieving a meaningful breakout of its four-month downtrend. This is a bullish technical development that should lead to an upcoming test and breakout above May highs at $0.1277. TRX -0.26% has now risen for six of the last eight trading sessions, and while this has led momentum indicators like RSI to near overbought levels, it’s made some big improvement structurally this week. Upside targets above May highs lie near $0.1407 and then $0.144, the latter signifying late February peaks. Pullbacks should afford dip-buying opportunities, and this should arrive near $0.12 before pushing back higher.
![Blast Airdrop Goes Live, Bybit Card Integrates with Apple Pay](https://cdn.fsinsight.com/wp-content/uploads/2024/06/image-66.png)
Daily Important MetricsAll metrics as of 2024-06-26 12:00:24 All Funding rates are in bps Crypto Prices
All prices as of 2024-06-26 11:53:54 Exchange Traded Products (ETPs)
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