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Citizen Daily Brief

Argentina's Crypto Moment ($)

gm Bankless Citizen, while American regulators continue to hunt down crypto companies, there's adoption brewing in Argentina as government officials welcome the industry's development.
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Aug 29, 20243 min read
Argentina's Crypto Moment
Published on Aug 29, 2024
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NEED TO KNOW
Trump's Crypto Promises
  1. 💰 Trump Teases Rebranded Crypto Platform, Banks $2M in NFT Sale. Trump continues to get loud about crypto, but is he just pumping his own bags?
  2. 🏈 DraftKings Faces $65M Lawsuit from NFL Players Association. DraftKings shut down its Reignmakers NFT product, but its high-profile partner wants to get paid.
  3. 💦 Binance, Bybit to Launch Solana Liquid Staking Tokens. Some of crypto's biggest players are getting in on Solana LSTs.
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MARKET VIBES
Optimism on Wall Street

📸 Daily Market Snapshot: Despite Nvidia falling short of Wall Street's loftiest expectations in its earnings release, TradFi indices pushed higher Thursday, showcasing growing optimism for the market's near-term future. Meanwhile, BTC attempted a breakout this afternoon but landed back in the $59K range it had sunk to earlier this week.

Prices as of 4pm ET 24hr 7d
Crypto $2.09T ↘ 0.1% ↘ 2.3%
BTC $59,596 ↗ 0.7% ↘ 1.2%
ETH $2,531 ↗ 0.9% ↘ 2.7%
CLOUD $0.222 ↗ 31.6% ↗ 25.2%

☁️
New Token Rating: Solana liquid staking protocol Sanctum just mooned. Why do we believe that CLOUD can outperform in the months ahead?
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ANALYSIS
Argentina's Crypto Moment
Bankless Author: David Hoffman

Argentina is the spearhead of crypto. 

While developed nation VCs and Crypto Twitter's degens hypothesize about use-cases, adoption, and ‘attracting retail investors.’ In Argentina, crypto has already been adopted by millions of people who have a present and urgent need for Crypto’s value and services.

Argentina is the perfect breeding ground for the crypto economy. The intersection of easy internet access, currency inflation, capital controls, and traditional business frictions has produced an environment where the power of crypto can truly shine. 

See what Argentina's crypto future holds 👇


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LATEST POD
How Crypto Is Transforming Argentina

Today, we're diving into the vibrant crypto ecosystem of Argentina, as experienced at Aleph – a unique crypto pop-up city in Buenos Aires.

You’ll hear from three exciting guests: Marcelo Cavazzoli of Lemon Cash, Federico Ogue of Buenbit, and Manuel Beaudroit of Belo – who are leading the charge in Argentina’s crypto revolution.

The episode provides deep insights into why Argentina is becoming a global hub for crypto adoption, one driven by grassroots enthusiasm and supported by the pro-crypto stance of the new government. Expect a blend of personal stories, expert opinions, and an exploration of how crypto is empowering millions in Argentina amid the failing Argentine Peso.

Listen in for the full details 👇

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LEARN
What We're Reading

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.

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