Cosmos at a Crossroads ($)
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Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.
- ⛓️ Optimism Developing Native Interoperability for Superchain L2s. Optimism looks to bring native interoperability to the OP Stack.
- 🌿 EigenLayer Rival Symbiotic Goes Live on Testnet. The hyped restaking challenger is fresh out of stealth and racing toward mainnet.
- 🇻🇪 Binance Facing Limited Access in Venezuela Amid Election Turmoil. Venezuela's government has been accused of blocking access to a number of web services, including Binance.
📸 Daily Market Snapshot: Wall Street managed to sidestep fear last week, but all eyes are on the next sets of numbers as traders await fresh July data. On Wednesday, new consumer price index data will be released, and on Thursday, traders will get their eyes on new retail spending data. In the meantime, BTC slid back below $60K, but traders spent Monday bidding up a wide range of assets including L2s, Alt-L1s and BRC-20 tokens.
| Prices as of 5pm ET | 24hr | 7d |
|
Crypto $2.09T | ↗1.5% | ↗9.4% |
|
BTC $59,175 | ↗0.8% | ↗9.5% |
|
ETH $2,692 | ↗5.0% | ↗10.9% |
|
SUI $1.02 | ↗12.7% | ↗91.8% |
The Cosmos ecosystem is facing some existential issues.
A chorus of developers, investors, and users are raising red flags about the ecosystem's health and the actions necessary to rectify its path forward.
Let's dissect the drama and the growing concerns of the community about the future of the ecosystem 👇
Mantle kickstarts Season 1 of Methamorphosis. Building on the success of their Liquid Staking Token, mETH, Mantle LSP announces plans for a new Liquid Restaking Token, cmETH, along with a governance token, COOK. With Methamorphosis, participants can now farm Powder for future COOK tokens and position themselves early for upcoming cmETH release.
Robinhood is one of the world’s most successful trading apps. They've already transformed retail trading in TradFi. What are they targeting next?
We brought co-founder Vlad Tenev on for a wide-ranging conversation covering tokenization, Robinhood’s Wallet and L2, payment for orderflow and MEV, the SEC Wells Notice, and much more!
Citizens also get exclusive access to a Debrief from David and Ryan unpacking the conversation. Hear all of the analysis! 👇