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Daily Brief

Bitcoin's Mt. Gox Bounce

gm Bankless Nation, Bitcoin buyers reversed the asset's days-long drag on the news that Mt. Gox has pushed its repayment deadline out one year.
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Oct 11, 2024 β€’ 3 min read
Bitcoin's Mt. Gox Bounce
Published on Oct 11, 2024
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Sponsor: Mantle β€” Mass adoption of decentralized & token-governed technologies.

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NEED TO KNOW
Mt. Gox Deadline Pushed
  1. πŸ•¦ Mt. Gox Repayment Deadline Pushed Again. The exchange's trustees have kicked its creditor repayment deadline out another year to Oct 31, 2025.
  2. 🌎 WLFI Token Sale Starts Oct 15. Trump's World Liberty Financial is kicking off its public token sale to accredited investors next week.
  3. 🟦 Ripple Co-founder Donates $1M XRP to Harris. While crypto's top figures have largely rallied around Trump, Larsen is one of the most high-profile execs backing Harris.
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MARKET VIBES
Bitcoin's Bounce

πŸ“Έ Daily Market Snapshot: After falling below $60K yesterday, bitcoin surged nearly 6% Friday as crypto buyers breathed easy on news that Mt. Gox would likely not be wrapping its creditor repayments this year.

Prices as of 6pm ET 24hr 7d
Crypto $2.19T β†— 4.8% β†— 0.9%
BTC $63,006 β†— 5.5% β†— 1.0%
ETH $2,455 β†— 3.9% β†— 1.1%
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TACTIC
How to Earn with veAERO on Aerodrome
Bankless Author: William M. Peaster

Just one year after launching, Base is already one of the biggest DeFi chains in crypto. There are a number of top apps contributing to the burgeoning ecosystem, but Aerodrome is a top candidate for the network's buzziest DeFi opportunity.

Today, let's dig into what makes the protocol special πŸ‘‡


FRIEND & SPONSOR: MANTLE

Mantle kickstarts Season 1 of Methamorphosis. Building on the success of their Liquid Staking Token, mETH, Mantle LSP announces plans for a new Liquid Restaking Token, cmETH, along with a governance token, COOK. With Methamorphosis, participants can now farm Powder for future COOK tokens and position themselves early for upcoming cmETH release.

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INVEST
This Week's Yield Opps

Each week, Citizens get a curated list of yield opportunities that the Bankless team is watching. As a free subscriber, you're missing out! πŸ‘‡

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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