gm Bankless Nation, It's the big question on everyone's minds: how will ETH ETFs impact ETH price? Today's Issue ⬇️ - ☀️ Need to Know: ETH ETFs Debut
They're live, and volumes are pouring in. - 🔒 Market Vibes: ETH Shrugs
ETH price doesn't budge / DYDX rating. - 🧪 Analysis: ETH Demand Impact
Will ETFs drive new ETH demand? - 📚 Learn: What We're Reading
Our favorite reads of the week.
Sponsor: Cartesi — build app-specific rollups with Web2 tooling without the constraints of Web3! . . . NEED TO KNOW ETH ETFs Hit Wall Street - 🆙 ETH ETFs Hit Big Milestones in Early Trading. As expected, the launch is still moving slower than spot BTC ETF debuts.
Read more on Bankless.com - 🎥 Trailer for 'Vitalik: An Ethereum Story' Documentary Goes Live. The crowdfunded project is set to debut the film this September.
Read more on Bankless.com - 🧮 Perpetuals DEX dYdX Reportedly Up for Sale. dYdX has had a busy day, with reports of acquisition talks emerging just as its front-end was hacked.
Read more on Bankless.com
. . . MARKET VIBES ETH Shrugs ETF Debut 📸 Daily Market Snapshot: Those hoping for an ETF debut god candle for Ethereum were disappointed with flat price performance Tuesday, but with the newly launched ETH spot ETFs poised to see more than $1 billion in volumes on their first day, sentiments were still high across the Twittersphere. Prices as of 4pm ET | 24hr | 7d | | Crypto $2.39T | ↘2.7% | ↗0.4% | | BTC $65,604 | ↘3.8% | ↗1.0% | | ETH $3,469 | ↘0.9% | ↘0.1% | | DYDX $1.30 | ↘10.3% | ↘9.0% |
🔒 New Token Rating: Few decentralized crypto exchanges can rival the dYdX trading experience, but how does the Bankless Analyst team feel about its token? . . . ANALYSIS Will ETFs Drive New ETH Demand? After an arduous and unnecessarily prolonged approval process, spot Ethereum ETFs are finally trading on traditional stock exchanges! Crypto has eagerly awaited the launch of these products for multiple years, anticipating that their arrival would provide a direct financial incentive for the world’s largest asset managers to shill Ethereum, catalyzing unprecedented inflows into ETH and resulting in mainstream acceptance for onchain activity. Today, we discuss what the future holds for Ethereum’s most watched metric – price – in a post-ETF world 👇 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! . . . . . . 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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