Why BlackRock's BUIDL Matters
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Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.
- 🌕 BTC back above $70K. After a week of gloom, BTC prices roared back on Monday, briefly kissing $71K and reaching prices not seen in 10 days.
- 🇳🇬 Nigeria charges Binance. After detaining two senior Binance execs (one of whom escaped over the weekend!), Nigeria has officially charged the crypto exchange with tax evasion.
- 🤖 FTX unloads AI startup shares. FTX will sell shares of AI startup Anthropic for $884M to several institutional firms, including one owned by Abu Dhabi sovereign wealth fund Mubadala.
📊 Real World Ascent. ONDO surged another ~10% today, capping ~100% in weekly gain despite the crypto market's rough past week. Is the surge over, or is crypto waking up to the outsized opportunities in the Real-World Assets (RWA) world?
| Prices as of 5pm ET | 24hr | 7d |
|
Crypto $2.65T | ↗ 5.0% | ↗ 3.9% |
|
BTC $69,901 | ↗ 5.2% | ↗ 3.4% |
|
ETH $3,592 | ↗ 5.1% | ↗ 1.8% |
BUIDL is not just another tokenized treasury fund; it is a landmark initiative that could one day mark a turning point in the onchain revolution.
Unlike competitive products, BUIDL is differentiated by the immense clout of BlackRock, widely considered a leader among institutions given its deep ties to America’s political and financial scenes.
Read more about BlackRock's big bet 👇
Mass adoption of token-governed technologies. With Mantle Network – an Ethereum rollup, Mantle Treasury, and a token holder governed roadmap for products and initiatives.
Pacman is one of the most interesting builders in crypto right now. After creating Blur, a disruptive NFT exchange that toppled the OpenSea empire, he's now targeting the L2 space with his new yield bearing L2 called Blast.
In this episode, we cover Pacman’s story, how he built Blur, how he pioneered points, and what's so special about Blast.
Citizens get an exclusive Debrief conversation unpacking the episode 👇
Thousands of Bankless Citizens scored an average of $3,500 worth of tokens after Ether.fi's airdrop this week. Did you miss out again?
Ether.fi was in the Bankless Airdrop Hunter, and you could have gotten into the latest drop by following our quests! There are nearly 80 other crypto protocols in Airdrop Hunter waiting for you.
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.