BlackRock’s Crypto Plans ($)
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- 🌍 World Liberty Financial to Launch on Sept. 16, Says Trump. Donald Trump's eyebrow-raising DeFi effort launches in days.
- 🔢 MicroStrategy Adds $1.1B in BTC to Its Massive Holdings. The firm now holds a mind-boggling 244.8K bitcoin.
- 🙈 SEC 'Regrets' Calling Crypto Assets Securities. You may have heard 'crypto asset securities' from Gary Gensler for the last time.
📸 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% |
Every weekday for the past three months, our analyst team has written about a popular crypto asset and assigned it a bullish, bearish, 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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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! 👇
🧑🌾 Farming Alpha: Onchain yields are marginally down and Hop’s Arbitrum-based opportunities have been tragically removed from this list following the cessation of its ARB incentives program, but the BTC yield scene has become undeniably electric this week as an increasing number of pegged BTC alternatives arise to challenge WBTC dominance and restaked BTC derivatives gain prominence across DeFi!
Top Opps:
- 🟠 BTC: 18% APY with Pendle’s eBTC LP on Ethereum
- 🟠 BTC: 9% APY with Convex’s EBTC-tBTC pool on Ethereum
- 🟠 BTC: 9% APY with Pendle’s LBTC (Corn) PT on Ethereum
- 🟠 BTC: 8% APY with Fraxlend’s WBTC pool on Ethereum
- 🟠 BTC: 8% APY with Pendle’s eBTC pool on Ethereum
- 🟠 BTC: 7% APR with Convex’s WBTC-tBTC pool on Ethereum
- 🔵 ETH: 11% APY with Pendle’s mETH PT on Mantle
- 🔵 ETH: 9% APR with Hop’s rETH pool on Optimism
- 🔵 ETH: 8% APY with Pendle’s uniETH PT on Ethereum
- 🟢 USD: 17% APR with Convex’s DOLA-crvUSD pool on Ethereum
- 🟢 USD: 11% APY with Pendle’s USDe PT on Mantle
- 🟢 USD: 11% APY with Kamino’s PYUSD-USDC pool on Solana
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.