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Sure, it was a rough day for Wall Street today, but how did ETH ETFs fare on their public market debut yesterday? Today's Issue ⬇️ - ☀️ Need to Know: Gox Floodgates
Billions are starting to flow to creditors. - 🔒 Market Vibes: Stocks Flop
A rough day on Wall Street / SNX rating. - 🧪 Analysis: How Did ETFs Do?
Did they meet expectations? - 📺 Latest Pod: The Launch
Eric Balchunas talks ETH ETFs.
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Sponsor: Cartesi — build app-specific rollups with Web2 tooling without the constraints of Web3! . . . NEED TO KNOW Mt. Gox Floodgates Open - 🌊 Mt. Gox Creditor Floodgates Are Opening. With Kraken already beginning distributions, Bitstamp is close behind.
Read more on Bankless.com - ⚛️ Proton Mail Maker Debuts Bitcoin Wallet. Proton has launched early access to its self-custody Proton Wallet.
Read more on Bankless.com - 🏦 Coinbase Reportedly Planning Tokenized Money-Market Fund. The exchange has its own plans to enter the hot sector.
Read more on Bankless.com
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. . . 📸 Daily Market Snapshot: Just as Ethereum makes its spot ETF debut on Wall Street, stock markets are facing some problems. Today, the S&P500 closed down more than 2%, ending a 356-day streak of staying above that marker. More than $1.1 trillion in value was erased from the U.S. stock market. | Prices as of 6pm ET | 24hr | 7d |  | Crypto $2.37T | ↘1.3% | ↗0.8% |  | BTC $65,584 | ↘0.4% | ↗2.0% |  | ETH $3,335 | ↘3.5% | ↘2.0% |  | SNX $1.70 | ↘2.9% | ↘12.3% |
🔒 New Token Rating: Synthetix has bounced off its July 4th bottom but remains an underperformer over the past month. Can SNX turn it around in the months to come? . . . ANALYSIS Did ETH ETF Debut Meet Expectations? Spot Ethereum ETFs have completed one full day of trading, leaving one question on everyone's minds: how did these products perform? While many were disappointed that ETH price was fairly stagnant on launch day, trading within a relatively tight 5% range and closing the day practically flat, all things considered, the launch of these products could have been much worse. See how we grade the first day's performance 👇
FRIEND & SPONSOR: CARTESI Cartesi has a challenge for all talented devs! Try to hack their Honeypot dApp. Compete in a bug-bounty initiative to test, scrutinize, and refine the underlying code of Cartesi Rollups! . . . LATEST POD The $ETH ETF Launch The Ether spot ETF has officially started trading, marking a landmark day for Ethereum and crypto as a whole. David went live with Bloomberg ETF maven Eric Balchunas to discuss the magnitude of this moment and what it means for Ether the asset and the entire crypto industry. This is a big deal and we're stoked to be sharing this moment with the Bankless Nation. Hear all of their analysis! 👇 . . . GO BANKLESS Don't Miss Another Airdrop! Thousands of Bankless Citizens scored an average of $3,500 worth of tokens after Ether.fi's airdrop. Did you miss out again? Ether.fi was in the Bankless Airdrop Hunter, and you could have gotten into the latest drop by following our quests! There are nearly 100 other crypto protocols in Airdrop Hunter waiting for you. | 
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