| Brought to you by: | | | Hello, reader! Michael McSweeney of Blockworks here, doing something a bit new: that is, reintroducing you to our weekend newsletter. Welcome! It's a bit of a revamp, so kick up your feet, start scrolling, and check out what's happening across Blockworks. | Who knows — maybe you could even subscribe to one of our other newsletters! | Anyway: Let's talk about the week we just left behind. We saw notable developments across the digital asset space, with the Blockworks news team out in the wilderness reading the tea leaves (and Donald Trump's crypto wallet) for what's to come. Magic Eden joined the let's-launch-a-token-for-reasons club and the legal war of words between former FTX exec Ryan Salame and the government grew ever-more spicy. | It wouldn't be a week in crypto without some late-Friday shenanigans, this time in the form of Robert F. Kennedy Jr.'s effective bow-out from the US presidential race (yes, I know he "suspended" it). | Whatever you might think of Kennedy, his positions or the futility (or not) of his campaign, it's an inescapable fact that he advanced the narrative at the intersection of crypto and politics. Kennedy put considerable time and effort into courting the US crypto industry, and he won fans — though, ultimately, the momentum of Trump's campaign probably ate up a lot of the oxygen in Nashville during Bitcoin 2024. | Hard to say where things go — the Harris campaign sounds like they're echoing the Biden take (read: comply with strenuous regulations or else), but what might be a greater coziness with Big Tech could prove decisive. But the truth remains: Kennedy shifted the landscape, presidential winner or not. | Now, on to the roundup: | — Michael McSweeney | | Brought to you by: | | If you're envisioning ways to make an impact on transforming global systems through blockchain, the Stellar Meridian conference is for you. Use code BLOCKWORKS for $100 off your ticket. | | | |  | Memecoin taxes and NFT royalties are paying off for Trump | Plus, unpacking the correlation (or lack thereof) between bitcoin and the US presidential election. |
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| Blockworks' own crypto chart guru David Canellis has the goods on Trump's crypto wallet. Plus, Katherine Ross stirred the pot on the election's crypto market impact. Talk about fresh alpha. | | |  | Staking has now come to Bitcoin | Plus, Pump.fun copies are making noise on Tron and BNB Chain. |
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| Bitcoin and staking? Now I've heard everything. No, seriously, it's a thing. We break down what could become one of crypto's hottest sectors. | | |  | To claim Magic Eden's airdrop, you'll have to also get its wallet | The token can only be claimed in the Magic Eden wallet — and users are being not-so-subtly encouraged to download it. |
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| Magic Eden is going to launch a new token. Big news, right? Well, if you read between the lines, it all seems to be a lot more about their wallet than anything else. Also: Is Neuralink's first patient a memecoin degen? The answer is… maybe? | | |  | Did Prometheum just call ETH, ARB and UNI securities? | Plus, State Street continues its journey to be "the bridge between traditional finance and digital innovation." |
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| The name "Prometheum" never fails to turn a head in crypto. As Casey Wagner detailed this week, they threw the proverbial gauntlet down, this time when it comes to what they consider a crypto security. Plus: Ben Strack cracked the code on the Bitfarms-Stronghold and what matters most in this mining deal. | | |  | Prediction markets are dead — long live prediction markets! | Political betting "cultivates civic literacy." |
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| Are prediction markets going the way of the dodo? As Bilbo Baggins might say, "Well, no…and yes." LOTR jokes aside, the US presidential election has pushed Polymarket into the spotlight, raising old — and important — questions along the way. | | Brought to you by: | | Supercharge your project with one unified crypto data API providing unparalleled depth and complete coverage for analysts, developers, and DeFi projects. | With CoinGecko API, you'll be able to access extensive crypto data for 3.1M+ cryptocurrencies across 1,200+ DEXes and 160+ networks from one consolidated API: | Aggregated crypto price & market data Exchange data and trading volume Onchain DEX and liquidity pool data Metadata (logos, website & social links) Crypto categories and global market data Historical coin and exchange data (price, volume, OHLCV) NFT collection data
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