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Daily Brief

Compounding Risks

Citizen Brief: gm Bankless Nation, upgrade to get the goods.
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Jan 16, 20253 min read
Compounding Risks
Published on Jan 16, 2025
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Sponsor: Uniswap Labs — Uniswap Labs launched a $15.5 million bug bounty to help secure V4.

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NEED TO KNOW
America Coins?
  1. 🇺🇸 Trump Flirting with USA Coin Strategic Reserve. The New York Post reports Trump wants an America-first reserve of crypto tokens that could include SOL and XRP.
  2. 💸 Senator Lummis Threatens FDIC Over Crypto Scandal. The Republican said whistleblowers had told her documents detailing FDIC activity around crypto had been destroyed; now, she wants to take legal action.
  3. 👻 Phantom is Raising $150 Million from VCs. Crypto wallet Phantom banked a monster round from crypto's top VCs at a $3 billion valuation, Bloomberg reports.
📸
Daily Market Snapshot: It was a mixed day for crypto markets as ETH slid (-4%) alongside a number of hot recent movers like AI16Z (-16%), VIRTUAL (-13%), and PENGU (-9%). Meanwhile, XRP (+5%) continued its stellar week of Trump pumping as it drives toward overtaking its $3.84 all-time high hit back in 2018.
Prices as of 6pm ET 24hr 7d
Crypto $3.50T ↘ 0.2% ↗ 8.4%
BTC $99,935 ↗ 0.3% ↗ 8.0%
ETH $3,303 ↘ 3.5% ↗ 2.5%
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DEEP DIVE
Citizen-Only: The Morpho Trade
Bankless Analyst: Jack Inabinet

Morpho’s lending markets have exploded in popularity since October, and just last week, Morpho flipped Spark to become crypto’s second-largest onchain lending market!

From custom lending markets to a unique risk management approach, Morpho has redefined what it means to be a DeFi lending primitive. Today, we unpack Morpho’s innovative approach to lending 👇

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CITIZEN-ONLY TOKEN RATING
Compound's Looming Risk
Bankless Analyst: Kazu Umemoto

Every weekday, our analyst team gives a bullish or bearish rating on a new token. Get access to the Token Hub by becoming a Citizen! 👇

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CHEAT SHEET
JUPuary Arrives

Every Thursday, Citizens get access to the top Market Plays, Hot Reads, Farming Opps, and Airdrop Hunts that our analyst team is tracking! Don't miss out! 👇


FRIEND & SPONSOR: UNISWAP

Uniswap Labs is offering the largest bug bounty ever: $15.5M for critical bugs in Uniswap v4! Built with community contributions and rigorously audited, v4 will be one of the most audited codebases ever to be deployed onchain, and continues Uniswap’s commitment to security.

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.