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Citizen Daily Brief

Buy COIN or HOOD? ($)

gm Bankless Citizen, BTC whipsawed after The Fed's big meeting, but today we're thinking about which public crypto player is the best stock to bet on.
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Jun 12, 2024 β€’ 3 min read
Buy COIN or HOOD?
Published on June 12, 2024
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Sponsor: Kraken β€” Sign up for an account and see what crypto can be.

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NEED TO KNOW
Terra's Monster Penalty
  1. πŸ§‘β€βš–οΈ Terraform Labs to pay $4.5B Penalty in SEC Settlement. Do Kwon is personally on the hook for $200 million.
    Read more on Bankless.com
  2. πŸ‡ΊπŸ‡Έ Trump Voices Support for More Domestic BTC Mining. Trump wants remaining coins 'MADE IN THE USA!!!'
    Read more on Bankless.com
  3. 🦊 MetaMask debuts Pooled Staking Feature. The feature's rollout begins today, but don't hold your breath if you're based in the U.S. or U.K.
    Read more on Bankless.com
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MARKET VIBES
The Fed Gets Hawkish

πŸ“Έ Daily Market Snapshot: Better-than-expected inflation numbers nearly pushed BTC back above $70K, but comments from the Fed forecasting just one cut to interest rates this year erased most of the day's gains.

Prices as of 5pm ET 24hr 7d
Crypto $2.49T β†— 2.0% β†˜ 5.7%
BTC $68,384 β†— 1.6% β†˜ 3.8%
ETH $3,568 β†— 2.3% β†˜ 7.3%
LDO $2.00 β†— 9.6% β†˜ 12.6%

πŸ’§
New Token Rating: Lido DAO's LDO is approaching multi-year lows against ETH amid liquid restaking hype. Is it bound for a turn-around?
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ANALYSIS
Is Coinbase or Robinhood Stock the Better Bet?
Bankless Author: Jack Inabinet

Coinbase stock has long been the obvious choice for investors seeking exposure to crypto through ownership in a publicly traded company, but another player is increasingly reaching out for this crown…

Last Thursday, Robinhood announced that it would double down on crypto through a $200M acquisition of Bitstamp, the oldest active crypto exchange in existence, which has active licenses for operations in over 50 nations!

Should you be loading up on COIN or HOOD stock?

Today, we’re exploring the differences between Coinbase and Robinhood to understand why investors are bullish on each stock πŸ‘‡


FRIEND & SPONSOR: KRAKEN

Kraken is one of the largest and most secure crypto platforms in the world. They've been in the crypto game for over a decade, and now they're inviting us all on a journey to see what crypto can be.

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LATEST POD
The Trillion Dollar ETH Pitch

The Ethereum ETF is coming. What’s the best narrative for ETH to sell to TradFi/Wall Street?

Ryan and David discuss the seven leading ETH Narratives and then have a pitch-off with each other. Who was more convincing? Bankless Citizens get to vote! The winner gets a bragging rights POAP πŸ‘€

See who makes the better caseπŸ‘‡

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TAKE ACTION
What We're Doing

Each week, Citizens get a curated list of market opportunities that the Bankless team is watching πŸ‘‡

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.