Crypto's Quadrillion Dollar Endgame?
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Sponsor: Frax — Fraxtal Ecosystem: Where DeFi Meets AI.
- 👨⚖️ DOJ Proceeds with Case Against Tornado Cash's Roman Storm. Despite dropping part of a charge related to operating an unlicensed money transmitter, the DOJ is planning to continue its prosecution of Storm over charges related to money laundering.
- 🥷 Massive 'Illicit' Online Marketplace Shuts Down After Telegram Takes Action. The marketplace, Haowang Guarantee, operated via Telegram and reportedly had upwards of $26B in USDT transactions flow through it.
- 💰 FTX Beginning $5B in Creditor Payouts on May 30. The lengthy process to reimburse creditors of the defunct exchange is nearing resolution.
| Prices as of 7pm ET | 24hr | 7d |
|
Crypto $3.31T | ↘ 0.7% | ↗ 2.8% |
|
BTC $103,536 | ↗ 0.1% | ↗ 0.6% |
|
ETH $2,541 | ↘ 2.0% | ↗ 16.7% |
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! 👇
Crypto is on a mission to tokenize everything, and there is no bigger prize than traditional markets!
With over a quadrillion dollars in value locked behind the walled gardens of TradFi, the size of this opportunity is truly staggering. Should crypto win, the blockchain won’t just be for trading memes and JPEGs: it will become the foundation for global capital markets.
But tread carefully, for not all tokenized assets are created equal. Here are five of the leading platforms onchain investors are already using to access tokenized investment opportunities. 👇
The Fraxtal ecosystem is expanding at lightning speed—this month’s biggest highlight is IQAI.com, the newest Agent Tokenization platform from IQ and Frax. IQ is building autonomous, intelligent, tokenized agents launching on Fraxtal in Q1. Empower on-chain agents with built-in wallets, tokenized ownership, and decentralized governance—all within a fast-growing Fraxtal ecosystem.
Every week, our analyst team gives bullish or bearish ratings on new tokens. Get access to our SYRUP rating in the Token Hub by becoming a Citizen! 👇
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.