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Daily Brief

Can AI Kill Democracy?

gm Bankless Nation, AI is already bending how we see reality, but where will mankind take the technology next? We bring in one of our favorite authors to discuss what comes next.
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Sep 11, 2024 β€’ 3 min read
Can AI Kill Democracy?
Published on Sept 11, 2024
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NEED TO KNOW
Mining Difficulty Soars
  1. ⛏️ Bitcoin Mining Difficulty Soars Amid Sector Challenges. Competition is increasing to mine new BTC blocks.
  2. πŸ‡¬πŸ‡§ UK Introduces Bill to Give Crypto Owners Legal Property Rights. The UK’s Ministry of Justice is sponsoring the bill.
  3. 🎀 Harris-Trump Debate and New CPI Data Bring Market Volatility. Both crypto and TradFi markets whipsawed Wednesday.

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MARKET VIBES
Trump Performance Indicator

πŸ“Έ Daily Market Snapshot: Last night, two financial indicators took sharp simultaneous dives during a particularly tough moment for Donald Trump in the presidential debate. Those indicators were the price of BTC and Trump's Polymarket odds of winning the race. The snapshot encapsulates the current lock-step fortunes of crypto prices and Trump's re-election. With Harris and Trump in a dead heat across swing states, we can likely expect more volatility in the coming weeks.

Prices as of 6pm ET 24hr 7d
Crypto $2.02T β†˜ 0.4% β†˜ 1.0%
BTC $57,393 β†˜ 0.3% β†˜ 1.3%
ETH $2,344 β†˜ 1.4% β†˜ 4.8%
OP $1.55 β†˜ 2.9% β†— 14.2%

πŸ”΄
New Token Rating: Optimism is enjoying an electric start to September and ranks as one of the top-performing crypto assets this week! Is it finally time for OP to outperform?
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EARLY ACCESS
Will AI Kill Democracy?

Can democracy survive artificial intelligence?

Today, on a special in-person recording of Bankless, we welcome best-selling author Yuval Noah Harari. Yuval is best known for his book Sapiens, and today, he is introducing ideas from his next book Nexus

Our conversation explores the question: if human beings are so wise, why are we so self-destructive?

Hear all of the analysis! πŸ‘‡

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ANALYSIS
Navigating Solana's Top DeFi Opportunities
Bankless Author: David C.

Investing in stablecoins or Solana's native liquid staking tokens may not be as thrilling as hunting the next breakout token, but can provide reliable ways to earn.

Stablecoins provide price stability, while LSTs allow you to earn base staking rewards while maintaining liquidity. Through DeFi platforms like Kamino, Drift, and Save (formerly Solend), you can put stablecoins and LSTs to work, amplifying your earnings through yield farming strategies.

Whether you prefer passive, lower-risk returns or are willing to take on higher risks for greater rewards, this article breaks down the top yield opportunities for leading stablecoins like USDC and PYUSD, as well as Solana's leading LSTs, helping you find the best match for your risk profile. πŸ‘‡


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GO BANKLESS
Don't Miss Another Airdrop!

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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.