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Daily Brief

Crypto Bets on Trump

gm Bankless Nation, after an insane weekend of political turmoil, crypto traders are relishing in the likely impacts on the Presidential election and bidding up crypto assets across the board.
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Jul 15, 2024 β€’ 3 min read
Crypto Bets on Trump
Published on July 15, 2024
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Sponsor: Mantle β€” Mass adoption of decentralized & token-governed technologies.

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NEED TO KNOW
Trump Picks JD Vance
  1. πŸ‡ΊπŸ‡Έ Trump Taps Crypto-Friendly J.D. Vance as 2024 Running Mate. The Ohio Senator and former Trump critic brings more crypto support to the GOP ticket.
    Read more on Bankless.com
  2. πŸ’° BlackRock Hits AUM Record as CEO Endorses BTC. BlackRock hit a record $10.65T in assets under management in Q2.
    Read more on Bankless.com
  3. πŸ‘©β€βš–οΈ Tornado Cash's Alexey Pertsev Denied Bail Ahead of Appeal. In May, Pertsev was sentenced to 64 months in prison.
    Read more on Bankless.com
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MARKET VIBES
Trump Pump

πŸ“Έ Daily Market Snapshot: Crypto prices bounced back over the weekend in a major pump that was oddly primarily attributed to the failed assassination attempt on Donald Trump and his subsequent response, which many saw as bullish for his chances of clinching a second term and shifting the face of crypto regulation in the U.S. alongside his chosen running mate J.D. Vance.

Prices as of 5pm ET 24hr 7d
Crypto $2.33T β†—5.7% β†—12.6%
BTC $63,748 β†—5.9% β†—13.3%
ETH $3,434 β†—7.1% β†—14.5%
STX $1.88 β†—10.9% β†—40.2%

πŸ”’
New Token Rating: The SEC isn't going after Hiro Systems, the developer of leading Bitcoin L2 Stacks, for past token sales. How does this development bode for STX?
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TACTIC
Aping Solana Memecoins with Ape by Jupiter
Bankless Author: William M. Peaster

Ape is the latest product from Jupiter, the leading decentralized exchange aggregator on Solana. It’s designed to provide a safer and smoother way to ape into memecoins. Built around a secure vault that only your wallet can access, Ape lets you deposit SOL and start trading efficiently, thanks to its token discovery and automated transaction features.

  • Strategy: Create a vault and deposit SOL
  • Goal: Trade new memecoins securely and with optimized transactions

Get started with 8 easy steps πŸ‘‡


FRIEND & SPONSOR: MANTLE

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.

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LATEST POD
Stocks Up & Crypto Flat...Why?

Why are stocks up, but crypto isn't? What happened to the bull market?

Jim Bianco is the perfect guest to intersect crypto, traditional finance, and the broader macro world. And that’s precisely why we brought him on the show today. 

In our conversation, we ask him:

  • Are tech stocks in an AI bubble?
  • Is crypto going to have its moment?
  • How is the U.S. economy really doing?
  • What are the next potential market movers?

Jim guides us through all of this, but also explains how he’s positioning himself and his portfolio for 2024πŸ‘‡

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GO BANKLESS
Don't Miss Another Airdrop!

Thousands of Bankless Citizens scored an average of $3,500 worth of tokens after Ether.fi's airdrop. Did you miss out again?

Ether.fi was in the Bankless Airdrop Hunter, and you could have gotten into the latest drop by following our quests! There are nearly 100 other crypto protocols in Airdrop Hunter waiting for you.

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.

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