AI Crypto Trading Bots ($)
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Sponsor: Kraken — Sign up for an account and see what crypto can be.
- 🟠 MicroStrategy Pumps Up $700M Offering. Bitcoin's largest corporate holder is getting its hands on more cash via a convertible note offering.
Read more on Bankless.com - 🇳🇬 Nigeria Drops Tax Charges Against Binance Execs. Gambaryan continues to be detained and is still facing money laundering charges.
Read more on Bankless.com - 🔐 Trezor Debuts New Hardware Wallets. Trezor also introduced a new seed phrase recovery feature.
Read more on Bankless.com
📸 Daily Market Snapshot: Bitcoin touched $65K on Friday as a rough week turned rougher. Now sitting just under $3,400, ETH has given up the bulk of its ETF approval narrative gains after nearly striking $4,000 less than 3 weeks ago.
| Prices as of 4pm ET | 24hr | 7d |
|
Crypto $2.37T | ↘ 2.2% | ↘ 7.1% |
|
BTC $65,433 | ↘ 1.9% | ↘ 5.6% |
|
ETH $3,396 | ↘ 2.4% | ↘ 8.1% |
|
ENA $0.683 | ↘ 2.4% | ↘ 22.4% |
Given the massive amount of transaction data onchain and sentiment data on social media, it's not surprising that one of the most desired areas for synergy between crypto and artificial intelligence remains AI-assisted trading.
While many of today's top bots are dedicated to hunting memecoin diamonds in the rough, others are working across bluechip assets like BTC and ETH, and even in trad markets like forex.
Today, let's examine a few projects that aim to use AI to give their users a competitive edge in the market!👇
Kraken is one of the largest and most secure crypto platforms in the world. They've been in the crypto game for over a decade, and now they're inviting us all on a journey to see what crypto can be.
In today's episode, we discuss Taiko and the future of ETH Rollups with Taiko's Brecht Devos and Jeff Walsh.
Taiko is leading the charge in the rollup ecosystem through their based and booster rollups. Why does Taiko stand out? Is Taiko the next big thing for Ethereum? Hear how their innovations are set to benefit the Ethereum community and drive the future of the space.
Dig into this exciting project 👇
🧑🌾 Farming Alpha: Variable yields may have fallen along with the slide in broader crypto markets, but as always, Fraxlend remains the premier bluechip BTC lending venue. Re7’s USDT Morpho vault is producing market-leading stablecoin returns, but is highly exposed to Ethena’s sUSDe; meanwhile, Aerodrome is producing acceptable emission-incentivized returns for stables.
Fixed yields on Pendle have remained relatively stable this week, but could soon trend downward should prices continue to fall, presenting an attractive option to lock rates for yield farmers worried returns will continue to compress.
Top Opps:
- 🟠 BTC: 8% APY with Fraxlend’s WBTC pool on Ethereum
- 🔵 ETH: 18% APY with Pendle eETH (Karak) PT on Ethereum
- 🔵 ETH: 14% APY with Pendle’s ezETH PT on Ethereum
- 🔵 ETH: 12% APY with Pendle’s ezETH PT on Arbitrum
- 🟢 USD: 45% APY with Re7’s USDT Morpho vault on Ethereum
- 🟢 USD: 37% APY with Pendle’s sUSDe (Karak) PT on Ethereum
- 🟢 USD: 26% APY with Aerodrome’s DOLA-USDC pool 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.