Bitcoin Drops Ahead of Halving Event While Crypto Market Sees Losses

• Bitcoin dropped 5.7% to $65,742 ahead of its upcoming halving event on April 21 which will reduce BTC production by 50%

• The broader crypto market also saw losses, with ether, Solana's SOL token and dogecoin seeing larger drops

• Ethena Labs, the protocol behind the $1.3B yield-earning token USDe, opened claims for its new governance token ENA and airdropped 750M tokens

• Deribit’s Dubai-based unit received a conditional virtual asset provider license from Dubai regulators, pending satisfying remaining conditions

• NEAR saw the biggest increase in unique active wallets over the past 7 days, followed by Solana and Polygon