🏴 Is Everything Cooked?

gm Bankless Nation, there's no other way to spin the past couple days of crypto price action. It's been brutal. Today, let's dig into why even crypto's biggest bulls are turning bearish right now.

Is Everything Cooked? Published on Aug 5, 2024 View in Browser gm Bankless Nation, There's no other way to spin the past couple days of crypto price action. It's been brutal. Today, let's dig into why even crypto's biggest bulls are turning bearish right now. Today's Issue ⬇️ ☀️ Need to Know: Crypto Crash ETH and BTC get rekt. 🔒 Market Vibes: ETH Free Fall Ethereum plummets / FET rating. 🧪 Analysis: Things Are Not Fine The global economy is in a pickle. 📺 Latest Pod: Everything is Cooked How did we get here? What comes next? Sponsor: Kraken — Sign up for an account and see what crypto can be. Sign up for Kraken .  .  . NEED TO KNOW Crypto Crash 🫨 Crypto Markets Reeling as Investors Panic. Bitcoin and Ethereum are getting hit hard as global markets falter. Read more on Bankless.com 🤦‍♀️ Sen. Warren Pushes CFTC to Finalize Ban on Political Betting. The top crypto critic takes aim at Polymarket and other prediction markets. Read more on Bankless.com ☹️ Solana Memecoins Tumble Amid Broader Crypto Sell-Off. Solana's cycle-leading memecoin sector is crashing hard. Read more on Bankless.com .  .  . MARKET VIBES ETH Free Fall 📸 Daily Market Snapshot: Crypto markets were dealt stunning losses in quick succession Sunday as ETH entered free fall and BTC and Alts later followed. Today, as the damage has cleared, ETH is still down 26% week-over-week, now resting below a $300B market cap – far from the post-ETF revelry most investors planned for. Prices as of 5pm ET 24hr 7d Crypto $1.91T ↘8.3% ↘20.7% BTC $54,601 ↘7.4% ↘18.8% ETH $2,437 ↘11.2% ↘26.5% FET $0.80 ↘15.9% ↘34.8% 🔒 New Token Rating: The Artificial Superintelligence Alliance, trading under the ticker FET, achieved a $6B valuation in May. How do we feel about this token’s future prospects? Unlock FET on Token Hub .  .  . ANALYSIS Things Are Not Fine Bankless Author: Jack Inabinet Last week, you could have been forgiven for taking a rosy outlook on markets, but this morning, investors around the globe have found themselves gripped with panic, leading many bulls to reassess their prior convictions. Is it time to alter yours? See why investors are feeling so bearish right now 👇 Read the Analysis 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 .  .  . LATEST POD Everything is Cooked The crypto market is having a bad time. Crypto just experienced one of its largest ever single-day drops as investors across the globe aim to stave off losses from an economic slowdown. What's causing all of this mayhem? David and Ryan go live with a rundown on how we got here and where we could go next. Hear all of the analysis! 👇 Watch the Episode .  .  . 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