5 Top Signals for Crypto
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- 🗿 SEC delays ETH ETF decision. The SEC still isn't ready to make a call on BlackRock's planned spot ether ETF, pushing its decision out to March.
- 🙏 Hester is hopeful. SEC Commissioner Hester Peirce expressed hope that the commission won't take the ETH ETF approval process through the same hoops as the BTC ETF.
- 🟣 Polygon plans AggLayer. Polygon wants to unite L2s and L1s with unified liquidity and practically unlimited scalability via a new 'aggregated blockchain' it's launching next month.
📊 Vampire airdrops. Liquid restaking protocol ether.fi just announced the launch of their deVamp program! How can you use it to maximize your ether.fi airdrop opportunity?
| Prices as of 6pm ET | 24hr | 7d |
|
Crypto $1.56T | ↗ 0.9% | ↘ 7.1% |
|
BTC $40,124 | ↗ 1.0% | ↘ 6.0% |
|
ETH $2,235 | 0.0% | ↘ 11.4% |
In crypto, discerning the signals of market tops can feel like trying to read tea leaves. In today's article, we take a look at five crypto-specific market signals that often precede periods of outsized corrections or volatility.
To be clear, this is all far from a science and is certainly not financial advice, but when taken in conjunction with other factors, these signals are an interesting gauge for market froth.
See all five crypto top signals 👇
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Solana's NFT scene is increasingly driving the narrative. In today’s episode, David is joined by Tensor CEO Ilja Moisejevs and CTO Richard Wu to discuss traction of their Solana-based NFT marketplace and how airdrop mania is reshaping the ecosystem.
Hear the Solana NFT bull case 👇
- 💻 2023 Developer Report - Electric Capital
- ⚡️ The State of zkEVMs - Immutable
- ⭕️ State of the USDC Economy - Circle
- 🥩 Restaking in Shared Sequencers - Nethermind
- 🪂 Governance Activity of Airdrop Recipients - Marlene Marz
- 🌊 Illuminating Ethereum’s Order Flow Landscape - Flashbots
- 🍬 Minting Is the Native Business Model of Web3 - Fred Wilson
- 🥅 You Can Lose All Your ETH If You Stake With Geth - Labrys
Many Bankless Citizens who completed the Jito quests in our Airdrop Hunter app just earned $10k+ airdrop paydays!
It's airdrop season and plenty of other protocols are preparing to reward early users. Get on their lists. Start hunting!
Not financial or tax advice. This newsletter 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 I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.