| gm Bankless Nation,
Today, paying subs are getting the Citizen Daily Brief. As a free subscriber, you're missing lots of good stuff. Upgrade now. Today's Issue ⬇️ - ☀️ Need to Know: The MEME Act
Dems target presidential memecoins. - ✍️ Cheat Sheet: Smart Collateral Engaged
Opps, reads, yields, and airdrops. - 🗣️ Deep Dive: Hedging Against Disaster
Citizen-only DeFi play of the week. - 🤑 Token Rating: Sky Running
Can the Maker rally hold strong?
p.s. Thanks to Reserve. DTFs: One-click exposure to any crypto narrative. Like ETFs, but onchain and always redeemable. Invest instantly in any meta with DTFs from OGs at Reserve!
Sponsor: Uniswap Labs — Unichain is live! Bridge & swap with Uniswap Labs' web app or wallet. . . . NEED TO KNOW The MEME Act - 🚫 House Dems Move to Ban Presidential Memecoins. House Democrats propose the MEME Act, aiming to ban public officials from launching tokens like TRUMP.
- 📉 Pump Fun Activity Plummets Amid Memecoin Fatigue. Pump.fun tokens see a swift drop in daily launches and DEX graduations, hinting at broader market fatigue.
- 🤝 The SEC Drops Its Case Against Consensys. Consensys and the SEC finalized an agreement to dismiss the MetaMask securities enforcement case.
📸 Daily Market Snapshot: Bitcoin may be down 14% on the week, but it's up 1% on the day and is holding ground just above $84,000. Altcoins have followed suit, with most top projects trading in the green over the past 24 hours. | Prices as of 5pm ET | 24hr | 7d |  | Crypto $2.81T | ↗ 1.3% | ↘ 12.2% |  | BTC $84,318 | ↗ 0.9% | ↘ 14.1% |  | ETH $2,317 | ↗ 1.2% | ↘ 15.4% | . . . CHEAT SHEET Smart Collateral Engaged Every Thursday, Citizens get access to the top Market Plays, Hot Reads, Farming Opps, and Airdrop Hunts that our analyst team is tracking! Don't miss out! 👇 . . . PLAY OF THE WEEK Hedging Against Disaster This week brought with it an undeniable vibe shift in the crypto market. Just last month, investors were eagerly anticipating new all-time highs, but the past few days have been marked by significant declines in crypto’s majors and profound weakness for many top altcoins. In our citizen-exclusive Bankless article published last week, we revealed how risky 0DTE crypto options can enable you to profit big from sudden market swings. The recent fall in prices proves just how powerful such options can be, with 0DTE put options returning core-shaking multiples amid the chaos! Fortunately, options aren’t all about short-term speculation and gambling. Today, we’re exploring how longer-dated put options can help to hedge your portfolio against catastrophic losses in another disastrous downside scenario. 👇
FRIEND & SPONSOR: UNISWAP Unlock the power of Unichain – a fast, decentralized Ethereum Layer 2 network built to be the home for DeFi and cross-chain liquidity. To bridge tokens to Unichain and start swapping today, get started with Uniswap Labs’ web app or mobile wallet. . . . CITIZEN-ONLY TOKEN RATING Sky Running Sky (f.k.a. MakerDAO) has seen its native token more than double off the February lows. What obstacles might lie ahead for this legacy Ethereum stablecoin issuer? Every week, our analyst team gives bullish or bearish ratings on new tokens. Get access to our SKY/MKR rating in the Token Hub by becoming a Citizen! 👇 | 
No comments:
Post a Comment