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Daily Brief

Crypto Euphoria Just Getting Started?

gm Bankless Nation, Crypto's epic Trump-led pump is blowing through expectations as investors fixate on the possibility of a bull run unlike any other.
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Nov 11, 20243 min read
Crypto Euphoria Just Getting Started?
Published on Nov 11, 2024
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Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.

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NEED TO KNOW
ETH Rises Again
  1. 🔹 ETH Fights Back. Bitcoin isn't the only token making moves as ether climbs above $3,300, marking 40% in gains in the past 7 days.
  2. 🧑‍⚖️ FTX Files $1.7 Billion Lawsuit Against Binance. The FTX estate is trying to claw back a massive sum from CZ and Binance.
  3. 🔵 Coinbase Stock Nearing All-Time High. After a 20% surge on Monday, COIN is reaching euphoric levels, up 84% this month.
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MARKET VIBES
Bitcoin Euphoria

📸 Daily Market Snapshot: Crypto's Trump bump is exceeding expectations as BTC blows through new all-time highs – is $100K in reach before year's end? Meanwhile, DOGE sees its revenge rally, COIN nears all-time highs, and Ethereum is mounting an impressive comeback. Is this the start of the epic bull run we've been waiting for?

Prices as of 6pm ET 24hr 7d
Crypto $2.92T ↗ 8.1% ↗ 31.5%
BTC $87,691 ↗ 8.8% ↗ 29.0%
ETH $3,334 ↗ 5.0% ↗ 38.9%
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TACTIC
Hunt for New Memecoins with Photon
Bankless Author: William Peaster

In the memecoin trenches, most new coins peter out quickly. That said, there are 100x plays here if you look in the right places at the right, early times. Photon is one project that makes discovering new tokens easier than ever. 

It’s an amazing resource for the current memecoin meta, so let’s walk through the basics of setting up your Photon wallet, depositing funds, and exploring this tool’s key features 👇


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
2025 Bull Run Positioning

Will the latest giga-pump catch retail's attention?

In this episode of Bankless, we sit down with Arthur Hayes to explore his bold investment strategies for 2025. We dive into his perspective on the Chinese property bubble, the Fed’s looming decisions, and the possibility of a global recession.

Arthur also opens up his portfolio, discusses why he's bullish on ETH (with a twist), and offers insights on positioning amid potential conflicts.

Get the full analysis! 👇

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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