gm Bankless Nation, Despite good macro vibes, crypto saw another summer sell-off on Thursday. What's spooking investors? Today's Issue ⬇️ - ☀️ Need to Know: Crypto4Harris?
Dems make case for Harris. - 🔒 Market Vibes: Crypto Declines
Crypto falls, TradFi climbs / ZK rating. - 🧪 Analysis: Wrapped in Drama
WBTC has Crypto Twitter in a tizzy. - 🔒 Take Action: What We're Doing
Crypto market opps we're watching.
Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies. . . . NEED TO KNOW Dems Make Case for Harris - 📢 Schumer Calls for Regulatory Action at Crypto4Harris Town Hall. Senate Majority Leader Chuck Schumer was among the loudest Democrats calling for clearer regulatory action for crypto.
- 🇮🇳 Binance Relaunches in India After Paying Fine. Binance resumes operations after paying a $2.25M fine to India's FIU.
- 📈 SEC Approves Leveraged MicroStrategy ETF. MSTX seeks to deliver 175% of MSTR’s daily returns to investors by utilizing leverage.
. . . MARKET VIBES Crypto Declines 📸 Daily Market Snapshot: Crypto markets ignored macro bullishness Thursday, selling off over 4% while macro indices posted gains. With Harris now up 10 points in Polymarket's election odds, Trump and his pro-crypto promises have firmly moved toward underdog territory. Prices as of 5pm ET | 24hr | 7d | | Crypto $2.00T | ↘4.2% | ↘4.3% | | BTC $57,040 | ↘3.5% | ↘4.3% | | ETH $2,546 | ↘4.9% | ↘1.2% | | ZK $0.105 | ↘5.9% | ↘7.4% |
0️⃣ New Token Rating: The price of ZKsync's native token has been halved just two months post-airdrop. Does depressed ZK price present an obvious buying opportunity? . . . ANALYSIS Bitcoin Gets Wrapped in Drama Wrapped Bitcoin (WBTC) is simply a token on the Ethereum blockchain that is pegged to BTC. But there's nothing straightforward about the controversy that's been ignited this week as impending changes to the custody and minting model of WBTC have thrown the DeFi world into a ruckus. Let's unpack the drama that involves $9B in assets, Justin Sun, and Coinbase 👇 Mantle kickstarts Season 1 of Methamorphosis. Building on the success of their Liquid Staking Token, mETH, Mantle LSP announces plans for a new Liquid Restaking Token, cmETH, along with a governance token, COOK. With Methamorphosis, participants can now farm Powder for future COOK tokens and position themselves early for upcoming cmETH release. . . . TAKE ACTION What We're Doing Each week, Citizens get a curated list of market opportunities that the Bankless team is watching. As a free subscriber, you're missing out! 👇 . . . 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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