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Daily Brief

Crypto's AI Playground

gm Bankless Nation, with top crypto assets continuing to slide, crypto's investors and builders are looking for bear market opportunities.
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Sep 5, 20243 min read
Crypto's AI Playground
Published on Sept 5, 2024
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Sponsor: KrakenSign up for an account and see what crypto can be.

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NEED TO KNOW
Harris Crypto Donations?
  1. 🤷‍♀️ Harris Campaign Accepting Crypto Donations Via PAC, Not Directly. Crypto donors are throwing massive sums into the election, and Kamala Harris wants in.
  2. 🪶 Robinhood Settles with California DOJ Over Crypto Withdrawal Issues. The DOJ claims Robinhood misled crypto traders by advertising crypto could be moved off-exchange.
  3. 🪂 EigenLayer Announces Second 'Stakedrop'. The restaking project's token may not be tradable yet, but EigenLayer is continuing its distribution.

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MARKET VIBES
ETH's Downward Slide

📸 Daily Market Snapshot: ETH's downward slide continued Thursday, with the asset losing nearly 4% as the total crypto market cap again dipped below $2T. Ethereum's latest red candle is bringing it closer to its lowest price point of 2024 and its toughest ratio against BTC since May 2021.

Prices as of 6pm ET 24hr 7d
Crypto $1.97T ↘ 2.9% ↘ 5.7%
BTC $56,049 ↘ 3.5% ↘ 5.9%
ETH $2,367 ↘ 3.8% ↘ 6.5%
UMA $2.12 ↘ 4.6% ↘ 2.7%

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New Token Rating: UMA has caught fire numerous times in recent months for its contentious Polymarket resolutions. What do we predict the future holds for UMA’s native token?
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ANALYSIS
5 Cool Bittensor Subnets to Test Out
Bankless Author: Jun

Bittensor is one of the most talked about projects in the crypto x AI niche. While many may not understand the specifics of how it works, Bittensor (TAO) has been on everyone’s timelines this past year.

At the heart of Bittensor are subnets. These are specialized protocols, each with its own unique algorithm and incentives. They leverage Bittenor’s infrastructure and incentive distribution network to build and run AI-powered projects. Think of them as the engines driving Bittensor's innovation.

These subnets are crucial for the Bittensor ecosystem's sustainability. They attract users, developers, and liquidity. In this article, we’ll take a look at some of the most interesting subnets on Bittensor and discover why they’re worth exploring.

Let’s dive in! 👇


FRIEND & SPONSOR: KRAKEN

Kraken is one of the largest and most secure crypto platforms in the world. They've been in the crypto game for over a decade, and now they're inviting us all on a journey to see what crypto can be.

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PREMIUM POD
MEV In 2025

Is MEV about to change forever?

Joining us today is Shea Kutsdever from Flashbots, who will help walk us through the MEV trilemma, the solutions we have for it, and how a new technology called a Trusted Execution Environment could change the future of MEV as we know it.

Hear all of the analysis! 👇

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TAKE ACTION
What We're Doing

Each week, Citizens get a curated list of market opportunities that the Bankless team is watching. As a free subscriber, you're missing out! 👇

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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.