gm Bankless Nation, Crypto markets took another hit Friday, but despite a notable drop in the industry's vibes this month, a handful of tokens still had a pretty stellar month. Today's Issue ⬇️ - ☀️ Need to Know: Dogecoin Suit
Elon Musk avoids giant lawsuit. - 🔒 Market Vibes: Crypto's Vibe Dive
Nobody's happy / 1INCH rating. - 🧑🌾 Invest: Yield Opps
The yields we're watching this week. - 🍎 Learn: Catch Up on Cosmos
We just updated our Bankless Guide.
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Sponsor: Cartesi — Discover the power of Linux for your ambitious dApps, only on Cartesi. . . . NEED TO KNOW Dogecoin Suit Dropped - 👩⚖️ $250+ Billion Dogecoin Lawsuit Against Elon Musk Dismissed. Musk and Tesla are no longer on the hook in the quarter-trillion-dollar DOGE lawsuit.
- 🇺🇸 U.S. House Committee Planning Crypto Hearings Blitz in September. The U.S. House Financial Services Committee has a full slate of crypto-related hearings scheduled.
- 🇷🇺 Russia Set to Trial Cross-Border Crypto Payments. Putin signs new law legalizing crypto payments for international trade.
. . . MARKET VIBES Crypto's Vibe Dive 📸 Daily Market Snapshot: Crypto prices fell more today. If you've noticed a vibe shift in crypto lately, you're not alone. ETH Maxis are dunking on Vitalik on Twitter, crypto can't decide how to feel about Trump's influence, the memecoin dream is collapsing, and the industry is aching for something to get excited about. Not every asset was down-only this month, though; August's big winners? Helium, Aave, Sui, and Tron bucked market trends. Prices as of 4pm ET | 24hr | 7d | | Crypto $2.07T | ↘ 1.3% | ↘ 7.6% | | BTC $58,792 | ↘ 0.7% | ↘ 7.6% | | ETH $2,508 | ↘ 0.7% | ↘ 8.7% | | 1INCH $0.242 | ↘ 0.8% | ↘ 13.8% |
📏 New Token Rating: During Q2 2024, crypto swapping aggregator 1inch set all-time highs for active addresses. Can this token finally turn it around after 3 years of down-only price action? . . . INVEST This Week's Yield Opps 🔐 Unlocked! Citizens get access to Yield Opps in the Daily Brief every Friday! Get this every week. 🧑🌾 Farming Alpha: Falling prices often correspond with falling yields, but you can now earn 19% disaster-proof (?) yields by providing liquidity to Kamino’s incentivized PYUSD-USDC pool on Solana. While Pendle often provides superior rates of returns, variable rate USD opportunities appear more attractive this week, yet you are unable to lock in the advertised return. Meanwhile, BTC yields remain elevated as the crypto industry continues to digest the implications of Justin Sun’s impending WBTC acquisition. Top Opps: . . . LEARN Catch Up on Cosmos Bankless recently dug into the crossroads that the Cosmos ecosystem has found itself in, but there's still a lot to learn when it comes to the network of chains. Today, we're shipping our latest updates to The Bankless Guide to Cosmos, showcasing the top crypto projects on it, the top ways to invest in the network's future success and the history of how it came to be. Get the full rundown on Cosmos 👇 FRIEND & SPONSOR: CARTESI Cartesi did the hard work, like putting Linux on the blockchain, so that building dApps could be radically simple. Discover a boundless design space for your most ambitious web3 projects. . . . 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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