A New Kind of Bull Market? ($)
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gm Bankless Nation,
... And back to your regularly scheduled bull run!
Today's issue ⬇️
- ☀️ Need to Know: CBDC Slowdown
Thankfully, a US CBDC isn't close. - 📊 Today in Markets: BTC Back
Yesterday's slide gets erased. - 🗞️ David's Takes: A Different Bull?
This feels like a different bull market. - 🎧 Latest Pod: Wen ETH Pump?
Why is ETH's pump lagging? - ⛏️ Take Action: What We're Doing
Crypto market opps that we're watching closely. Citizens only 😎
Sponsor: Kraken — Sign up for an account and see what crypto can be.
- 🪙 CBDCs not coming soon. A Bank of America report details that CBDCs are a long way off despite real Fed Reserve interest.
- ❎ OKX planning L2. The 6th largest crypto exchange wants in on L2s, announcing an effort called "X1" built on Polygon's CDK.
- 💰 Blockchain.com raises. The exchange is reportedly raising $110M at a $7B valuation, half of what it raised at in 2022.
📈 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% |
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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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 👇
- 🎨 Creating Safe vaults with our Google accounts
- 📬 Transferring RWAs on the Ondo Bridge
- 🤲 Providing liquidity to the 1st new Dopex v2 markets
- 🛡️ Shielding our transactions on Nocturne
- 📊 Trading on the new dYdX chain
- 🧑🎨 Making submissions for the Optimism art contest
- 🪐 Playing Parallel to earn PRIME
- 🐕 Playing FrenPet V2 on Base
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.