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Daily Brief

Make-or-Break Moment?

gm Bankless Nation, meme stock madness is back, but crypto is busy yearning for BTC to push past all-time highs again.
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Jun 3, 20243 min read
Make-or-Break Moment?
Published on June 3, 2024
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Sponsor: Puffer Finance — Supercharge your ETH Staking on the First-Ever Decentralized Liquid Restaking Protocol.

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NEED TO KNOW
Meme Stock Boom
  1. 🥷 Will GME's Latest Boom Reach Memecoins? Roaring Kitty's Reddit return sets meme stock market on fire.
    Read more on Bankless.com
  2. 🚔 Binance Founder CZ Starts Prison Sentence. Changpeng Zhao's stint as America's richest prisoner kicked off this weekend.
    Read more on Bankless.com
  3. ⚡️ zkSync Drops 'ZK' Trademark Effort After Backlash. The L2's efforts had been a subject of controversy last week.
    Read more on Bankless.com
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TODAY IN MARKETS
Bitcoin's Make-or-Break Moment?
Bankless Author: Jack Inabinet

📊 Decision Time? Crypto assets steadily gained overnight after a stagnant weekend as market players around the globe returned to their desks. But shortly after the opening of U.S. markets, the move stalled out! Why has price run into resistance?

Prices as of 5pm ET 24hr 7d
Crypto $2.56T ↗ 1.4% ↘ 1.5%
BTC $69,145 ↗ 2.0% ↘ 0.6%
ETH $3,775 ↘ 0.2% ↘ 2.9%
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TACTIC
Level Up Your Copy Trades with Hyperliquid
Bankless Author: David C.

Hyperliquid wants to be your trading hub.

The platform recently launched its L1 points campaign, running through October. This campaign aims to attract more attention to the platform, which has already become one of the breakout exchanges for this cycle. Since the start of the year, Hyperliquid’s TVL has grown nearly 9x, becoming the go-to place for trading popular assets like memes or pre-market tokens. 

In this article, we’ll break down the core features of the exchange and explore what sets it apart! 👇


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LATEST POD
SOL vs. ETH

Ethereum vs. Solana. That’s the debate we’re having today.

On Ethereum’s side we have researcher Justin Drake, and on Solana’s we have founder Anatoly Yakovenko. They give us the good, the bad, and the ugly of each other’s blockchain, settling their endgame towards the end of the episode. 

Bankless Citizens get Early Access to the Monday Podcast and an exclusive Debrief unpacking the conversation 👇

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GO BANKLESS
Don't Miss Another Airdrop!

Thousands of Bankless Citizens scored an average of $3,500 worth of tokens after Ether.fi's airdrop. 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 100 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.