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Daily Brief

Coinbase’s Binance Bump

gm Bankless Nation, COIN is taking off after Binance's bad week.
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Nov 28, 20233 min read
Coinbase’s Binance Bump
Published on Nov 28, 2023
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gm Bankless Nation,
Coinbase stock is still on a tear after CZ's bad week.

Today's issue ⬇️

  1. ☀️ Need to Know: SEC Wants CZ
    Regulators aren't done with CZ.
  2. 📊 Today in Markets: COIN > SOL
    Will COIN's growth rival Solana's?
  3. 🗞️ Guest Post: 10 EigenLayer Ideas
    What startups can be built on EigenLayer?
  4. 🎧 Latest Pod: What is THORChain?
    Is RUNE undervalued?
  5. ⛏️ Take Action: What We're Doing
    Crypto market opps that we're watching closely. Citizens only 😎

p.s. Thanks to NEAR: NEAR DA is 8,000x cheaper than Ethereum DA.


Sponsor: NEAR DA
Enhancing data availability for Ethereum rollups at a fraction of the cost.

.  .  .
NEED TO KNOW
SEC Wants CZ
  1. ⚡️ CZ’s legal troubles not over. The SEC believes he committed FTX-style fraud and wants to prove it in court.
  2. 🧨 Blast TVL surpasses Solana’s. In just a week the much-critiqued project has gathered $600M in TVL, surpassing Solana’s current TVL.
  3. 💰 COIN investors sell. Some high-profile Coinbase investors are taking advantage of 19-month highs to hit the sell button including ARK Invest and co-founder Fred Ehrsam.
.  .  .
TODAY IN MARKETS
Will COIN Outpace SOL?

📊 COIN keeps crushing it. Coinbase's stock is up handily—green for the fourth consecutive day after news that US regulators settled with Binance on Tuesday to resolve compliance violations. The stock is up nearly 75% this month, a growth rate that nearly rivals Solana's token surge.

Prices as of 4pm ET 24hr 7d
Crypto $1.43T ↗ 1.9% ↗ 4.4%
BTC $37,976 ↗ 2.5% ↗ 3.8%
ETH $2,056 ↗ 2.0% ↗ 5.1%


Notable Movers

COIN 30d
$128.27

↗ 74.3%

SOL 30d
$58.04

↗ 83.2%

.  .  .
GUEST POST
10 Big Ideas to Build on EigenLayer
Author: eigenintern

The Ethereum developer community is pumped about EigenLayer. In today's guest post, an EigenLayer community member shares what they want to see get built on the platform.

Read the full free list of ideas on our website👇


FRIEND & SPONSOR: NEAR

Meet the NEAR Data Availability (DA) layer — part of NEAR’s Open Web Stack. NEAR DA enables modular blockchain development. Get cost-effective, reliable data availability for Ethereum rollups. 100kB of call data is 8,000x cheaper on NEAR — $0.0003 versus $26.22 on Ethereum. Launching an app-chain or L2? Get NEAR DA support. Join NEAR DA’s first users: Madara by StarkNet, Caldera, Fluent, Vistara, Dymension, and Movement Labs.

.  .  .
LATEST PODCAST
Is THORChain Undervalued?

Is THORChain helping build the Bankless future? Chad Barraford, a core developer at THORChain, and Erik Voorhees discuss the topic with David.

Here's everything you want to know 👇

.  .  .
TAKE ACTION
What We're Doing

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

.  .  .
GO BANKLESS
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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.