Solana's Polymarket Challenger gm Bankless Nation,
As Polymarket courts more and more attention, is there any room for a competing predictions marketplace? Today's Issue ⬇️ - ☀️ Need to Know: Durov Arrested
Telegram's CEO arrested in Paris. - 🔒 Market Vibes: Arrest Hits TON
Arrest shocks TON markets / TON rating. - 🏃♂️ Tactic: Try Solana's Polymarket
Drift on over to BET's predictions markets. - 🎧 Latest Pod: Why Is ETH Down?
Kyle Samani on ETH's recent struggles.
Sponsor: Cartesi — Discover the power of Linux for your ambitious dApps, only on Cartesi. . . . NEED TO KNOW Telegram CEO Arrested - 🚔 Telegram CEO Pavel Durov Arrested. The Telegram-aligned TON cryptocurrency tanked on the news of his arrest.
- 🔎 Ethereum Foundation Transaction Spurs Calls for More Transparency. Should the Ethereum Foundation be making clearer financial disclosures?
- 🪄 Abra Settles with SEC Over 'Auto-Magic' Crypto Earn Program. The company's Abra Earn program amassed as much as $600 million in user deposits.
. . . MARKET VIBES Arrest Hits TON Hard 📸 Daily Market Snapshot: After flirting with $65K Sunday, BTC slid to the $63K marker Monday evening as the broader crypto market slipped nearly 3% – this, even as the Dow struck a new all-time high close Monday. Meanwhile, news of Telegram CEO Pavel Durov's arrest over the weekend sent TON into free fall, now down nearly 25% on the week. | Prices as of 6pm ET | 24hr | 7d |  | Crypto $2.21T | ↘ 2.7% | ↗ 5.7% |  | BTC $63,115 | ↘ 2.0% | ↗ 6.7% |  | ETH $2,683 | ↘ 3.5% | ↗ 2.3% |  | TON $5.13 | ↘ 12.9% | ↘ 24.9% |
💎 New Token Rating: Telegram founder Pavel Durov was arrested over the weekend in France. Why has this development changed our outlook on TON? . . . TACTIC Solana's Polymarket Challenger Everyone is taking a closer look at decentralized predictions markets this year thanks to the breakout success of Polymarket. And while Polymarket is far and away the leader of the sector, with monthly volume, active users, and open interest stats currently near all-time highs amid 2024 presidential election excitement, there are other players to watch, too. If you’re a Solana user, then you ought to check out BET 👇
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. . . . LATEST POD Why is ETH Down Bad? SOL/ETH is up 300% YoY, and ETH/BTC is down 50% over the last two years. Why is ETH underperforming? Kyle Samani is the Managing Partner & Co-founder at Multicoin Capital. They have been spearheading the "integrated blockchain" investment thesis even before the success of Solana redefined that corner of crypto. This episode is not intended to be a debate – Ryan and David are mostly going to sit back and hear Kyle’s perspective and reasoning as to why ETH has been down so badly in this crypto cycle. Hear all of the analysis 👇 . . . ONCHAIN SUMMER Design a Bankless Buck! Want to get deeper into Onchain Summer with Base? We're getting in on the action via our favorite Base protocols! We teamed up with BasePaint for a special Bankless theme launching tomorrow. The mission? Design a Bankless Buck! What would a banknote from the Bankless Nation look like? Tomorrow morning, we'll post specific steps on how to participate! - Tue Aug 27, 12:30pm ET: Participate and paint the Bankless Buck, and claim a portion of the mint proceeds
- Wed Aug 28, 12:30pm ET: Mint the Bankless Buck and be entered to win a year of free citizenship + physical prints of the Bankless Buck
p.s. Did you pay for a one-year or two-year Citizenship with crypto? Then you’re eligible for up to +6250 OCS Points on Base’s Onchain Summer. . . . 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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