Bitcoin Bouncing Back? ($)
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Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.
- 💪 BlackRock BTC ETF to $2B. On the back of a BTC price rally, BlackRock's spot BTC ETF became the first to cross $2 billion in assets under management.
- ⛏️ OKX kills Mining Pool services. The exchange announced that it was shuttering the service, which had increasingly dealt with limited assets and limited customers.
- 😬 Extradition of HashFlare team members. Estonia approved extraditing two individuals connected to the HashFlare "cloud mining" Ponzi scheme to the US to face prosecution.
📊 WEN? Now! Jupiter’s airdrop isn’t happening until next week, but many Solana ecosystem participants already have tokens to claim! Are you eligible to claim WEN?
| Prices as of 3pm ET | 24hr | 7d |
|
Crypto $1.62T | ↗ 4.0% | ↘ 1.2% |
|
BTC $42,000 | ↗ 5.2% | ↗ 0.6% |
|
ETH $2,256 | ↗ 1.8% | ↘ 9.4% |
With more than a few rising contenders across the crypto wallet landscape, one that's been catching a few eyeballs in the community is Rabby Wallet.
Rabby is not just useful—it may also be fruitful. That’s because the project just unveiled a points system, and a fair assumption is that these points will factor into eligibility for a future airdrop.
Get started with the wallet below 👇👇👇
Mass adoption of token-governed technologies. With Mantle Network – an Ethereum rollup, Mantle Treasury, and a token holder governed roadmap for products and initiatives.
Crypto markets were hit hard this week, but there are still plenty of things to get excited about. Restaking summer is in full swing as people look to maximize the EigenLayer opportunity. Listen along for more!
Get the week's full rundown👇
🧑🌾 Farming Alpha: Bankless readers already know that Umami has the best single-sided yields in the game, thanks to their STIP grant. Yields on the freshly airdropped WEN are bound to be volatile, but Meteora’s WEN-SOL pool has already accrued 28% of its TVL in fees since launching, representing an annualized return of 15,472%!
Top Opps:
- ⚫️ WEN: ??% providing liquidity to Meteora’s WEN-SOL pool
- 🟠 BTC: ≤121% APR with Umami’s WBTC vault
- 🟠 BTC: ≤11.1% APR with Aura’s tBTC-WBTC pool
- 🔵 ETH: ≤131% APR with Umami’s WETH vault
- 🔵 ETH: ≤28.5% APR with Aura’s pxETH/fraxETH pool
- 🟢 USD: ≤123% APR with Umami’s USDC vault
- 🟢 USD: ≤64.5% APR with Aerodrome’s DOLA-USDbC pool
- 🟢 USD: ≤31.6% APR with Aerodrome’s LUSD-USDC pool
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.