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Daily Brief

A New Kind of Bull Market?

gm Bankless Nation... And back to your regularly scheduled bull run!
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Nov 15, 20233 min read
A New Kind of Bull Market?
Published on Nov 15, 2023
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NEED TO KNOW
CBDC Slowdown
  1. 🪙 CBDCs not coming soon. A Bank of America report details that CBDCs are a long way off despite real Fed Reserve interest.
  2. ❎ OKX planning L2. The 6th largest crypto exchange wants in on L2s, announcing an effort called "X1" built on Polygon's CDK.
  3. 💰 Blockchain.com raises. The exchange is reportedly raising $110M at a $7B valuation, half of what it raised at in 2022.
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TODAY IN MARKETS
BTC Strikes Back

📈 Crypto Bounces Back: Last Thursday, crypto pumped on news that BlackRock was filing for a spot Ether ETF, but tokens have been caught in a downtrend since! Today, crypto majors are putting in defiant green candles and retracing yesterday’s sizable losses...

Prices as of 4pm ET 24hr 7d
Crypto $1.43T ↗ 5.2% ↗ 6.7%
BTC $37,673 ↗ 5.9% ↗ 5.8%
ETH $2,047 ↗ 3.3% ↗ 8.4%
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DAVID'S TAKES
A Different Bull Market?
Bankless Author: David Hoffman

Apparently, it’s a bull market. That’s what everyone is saying, at least.

But there’s something different about this bullish sentiment from previous cycles, and it’s worth identifying...

Read all of the free alpha on our website 👇


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LATEST PODCAST
When Will $ETH Pump?
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Why is ETH lagging behind other assets, and where do we go next? How should ETH maxis be navigating the bull market?

In the latest episode of Bankless Takes, David and Ryan talk through the big questions on crypto investor minds 👇

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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.