🏴 Fear Grips Wall Street

gm Bankless Nation, ETH fell back below $3k today, but investor concerns were elsewhere as top stateside stock exchanges took major hits.

Fear Grips Wall Street Published on Aug 2, 2024 View in Browser gm Bankless Nation, ETH fell back below $3k today, but investor concerns were elsewhere as top stateside stock exchanges took major hits. Today's Issue ⬇️ ☀️ Need to Know: Investor Fear Recession fears spike on Wall Street. 🔒 Market Vibes: Correction O'Clock TradFi gets rekt / W Rating. 🍎 Learn: Get Schooled on L2s We've updated our L2 guides. 🔒 Invest: Yield Opps The yields we're watching this week. Sponsor: Kraken — Sign up for an account and see what crypto can be. Sign up for Kraken .  .  . NEED TO KNOW Fear Grips Wall Street 😨 Grim U.S. Job Numbers Roil Markets. Volatility is back on the menu. Read more on Bankless.com 📈 Polymarket Surpasses $1B in Total Trading Volume. The popular predictions market had its best month ever in July as it attracted more election attention. Read more on Bankless.com 🏦 Morgan Stanley Advisors Soon Can Offer BTC ETFs to Clients. Financial advisors at the financial giant will be able to offer BTC ETFs to clients with net worths north of $1.5 million. Read more on Bankless.com .  .  . MARKET VIBES Correction O'Clock 📸 Daily Market Snapshot: Recession fears reignited as brutal July job numbers were released. The Nasdaq officially entered correction territory with today's 2.4% decline bringing it down 10% from its most recent all-time high. The fear also spread to crypto, bringing ETH down 5% on the day, with alts crashing hard as well. Prices as of 5pm ET 24hr 7d Crypto $2.22T ↘3.9% ↘7.9% BTC $61,860 ↘4.5% ↘8.8% ETH $2,991 ↘5.3% ↘8.3% W $0.225 ↘6.1% ↘22.2% 🔒 New Token Rating: Wormhole is unlocking a substantial percentage of circulating supply tomorrow. Can W holders finally catch a break after 4 months of down-only price action? Unlock W on Token Hub .  .  . LEARN Get Schooled on ETH L2s There are plenty of layers to Ethereum. You've seen us write about plenty of different Layer-2 networks on Bankless, but what really makes them each stand out from one another? We've spent a good chunk of this past couple weeks updating our most popular guides on Ethereum's most popular L2s. Click through for free, newly updated Guides to Optimism, Arbitrum, Starknet, ZKsync, Polygon, Base, Scroll, Linea and more!👇 See All of Our Guides FRIEND & SPONSOR: KRAKEN Kraken is one of the largest and most secure crypto platforms in the world. They've been in the crypto game for over a decade, and now they're inviting us all on a journey to see what crypto can be. Sign up for Kraken .  .  . INVEST This Week's Yield Opps Each week, Citizens get a curated list of yield opportunities that the Bankless team is watching. As a free subscriber, you're missing out! 👇 Upgrade to Unlock .  .  . 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. Upgrade Your Account Manage your account Not financial or tax advice. Bankless content is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time to time, we may add links in this newsletter to products we use. We may receive a commission if you make a purchase through one of these links. Additionally, the Bankless team holds crypto assets. See our Investment Disclosures | Terms & Conditions | Privacy Policy Bankless © 2024 – Unsubscribe