Coinbase’s Binance Bump ($)
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gm Bankless Nation,
Coinbase stock is still on a tear after CZ's bad week.
Today's issue ⬇️
- ☀️ Need to Know: SEC Wants CZ
Regulators aren't done with CZ. - 📊 Today in Markets: COIN > SOL
Will COIN's growth rival Solana's? - 🗞️ Guest Post: 10 EigenLayer Ideas
What startups can be built on EigenLayer? - 🎧 Latest Pod: What is THORChain?
Is RUNE undervalued? - ⛏️ 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.
- ⚡️ CZ’s legal troubles not over. The SEC believes he committed FTX-style fraud and wants to prove it in court.
- 🧨 Blast TVL surpasses Solana’s. In just a week the much-critiqued project has gathered $600M in TVL, surpassing Solana’s current TVL.
- 💰 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.
📊 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
↗ 74.3% |
SOL 30d
↗ 83.2% |
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 list of ideas on our website👇
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.
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 👇
Each week, Citizens get a curated list of market opportunities that the Bankless team is watching👇
- 🌉 Bridging USDC to Cosmos with Squid
- 🤑 Earning dYdX's new trading rewards
- 👩🌾 Farming PORTAL via Crystal Dash
- 💸 Lending on Timeswap for TIME on Polygon zkEVM
- 🎮 Playing 1v1 Duel Arena battles on Base
- 🥩 Staking ETH on StakeWise V3
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.