Are ETF Hopes Too High? $
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- 😵 Fake XRP ETF fools buyers. XRP briefly surged after a fake application for an XRP ETF emerged. BlackRock didn't submit it!
- 🗣️ Crypto overwhelms IRS. Crypto supporters submitted more than 120k comments blasting the agency's DeFi tax proposals.
- 👨💼 Ex-Polygon exec joins Optimism. The former Polygon Labs President is joining Optimism as its Chief Growth Officer.
📊 To Infinity and Beyond? Modular data availability layer Celestia put in huge gains – its native token has more than doubled on the week! Traders are seeking out a narrative, and Celestia’s pump is cycling in attention to their vision for crypto.
| Prices as of 4pm ET | 24hr | 7d |
|
Crypto $1.40T | ↘ -1.9% | ↗ 5.2% |
|
BTC $36,533.72 | ↘ -1.7% | ↗ 4.2% |
|
ETH $2,062.66 | ↗ 0.1% | ↗ 8.8% |
Notable Movers:
TIA 7d
↗ 113.6% |
XRP 7d
↘ 9.4% |
A wave of BlackRock spot ETF applications for crypto assets is sending the market into ecstasy. Now, with approvals likely imminent, it's time to see what kind of investor capital shows up.
How realistic are crypto's expectations for epic investor inflows? 👇
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.
Prices are climbing, but don't forget these timeless lessons!
This week, we welcome back Morgan Housel. Morgan has written "The Psychology of Money" and, most recently, "Same As Ever," which discuss the dynamics and psychology around money and markets.
In this episode, Morgan drops lesson after lesson that you can apply to your own investing strategies – and life broadly. It's a masterclass that is sure to have you reflecting on your decisions as we enter what may be the next bull market. 👇
🗣️ Want to hear all of Ryan and David's thoughts on their latest conversation with Morgan? Bankless Citizens get the extra scoop 😎
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.