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Daily Brief

BlackRock’s Crypto Plans

gm Bankless Nation, the world's largest asset manager has made a splash in crypto, but how much further do they plan to invest?
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Sep 13, 20243 min read
BlackRock’s Crypto Plans
Published on Sept 13, 2024
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NEED TO KNOW
World Liberty Financial Launch
  1. 🌍 World Liberty Financial to Launch on Sept. 16, Says Trump. Donald Trump's eyebrow-raising DeFi effort launches in days.
  2. 🔢 MicroStrategy Adds $1.1B in BTC to Its Massive Holdings. The firm now holds a mind-boggling 244.8K bitcoin.
  3. 🙈 SEC 'Regrets' Calling Crypto Assets Securities. You may have heard 'crypto asset securities' from Gary Gensler for the last time.
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GO BANKLESS
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MARKET VIBES
Bitcoin Bounce

📸 Daily Market Snapshot: After a rough start to September, BTC peeked above $60K on Friday as the space broadly enjoyed a healthy week-over-week recovery from last Friday's morning sell-off. Next week promises to be a big moment for financial markets as the U.S. Fed is widely expected to make a long-awaited cut to interest rates.

Prices as of 4pm ET 24hr 7d
Crypto $2.09T ↗ 2.1% ↗ 10.0%
BTC $59,690 ↗ 2.5% ↗ 11.1%
ETH $2,416 ↗ 2.7% ↗ 8.6%
LDO $1.06 ↗ 3.4% ↗ 16.4%

💧
New Token Rating: Lido rapidly devolved into one of the Token Hub’s greatest disappointments during its prior ratings cycle. How have we adjusted our LDO outlook for the three months ahead?
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ANALYSIS
How Our Token Hub Ratings Performed: Sept. 2024
Bankless Author: Jack Inabinet

Every weekday for the past three months, our analyst team has written about a popular crypto asset and assigned it a bullishbearish, or neutral rating intended to anticipate the token’s price trajectory over a three-month forward investment horizon.

There are currently over 60 active token ratings in the Citizen-only Bankless Token Hub and our predictions are just starting to come due!

Today, we’re showcasing our most notable token ratings from June, dissecting the predictions we nailed while reflecting on our greatest missteps from that month. 👇


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EARLY ACCESS
BlackRock’s Crypto Plans

That’s right, Bankless Nation, BlackRock is on the podcast today.

BlackRock is the world’s largest asset manager, a company that manages over $10 trillion dollars in assets around the world. To put that in perspective, that’s 5x the crypto market cap. But here at Bankless, we wanted to figure out what they’re doing in crypto. That’s why we brought on Robbie Mitchnick, BlackRock’s Head of Digital Assets.

We explore Crypto narratives in TradFi, how BlackRock measures the risk profile of Crypto, and their plans for the future of tokenization.

Hear all of the analysis! 👇

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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.