Crypto's Reserve Whiplash
View in Browser
Sponsor: Mantle — Mantle is building the largest sustainable hub for onchain finance.
- 🟠 Trump Faces Blowback Over Crypto Strategic Reserve. Trump's decision to lead the new effort with XRP, ADA and SOL is drawing industry criticism.
- 🙅♂️ Trump Crypto Czar Says He Sold Holdings Before Taking Role. Amid conflict accusations, David Sacks is insisting he sold off personal crypto holdings before assuming his position.
- 🏛️ Binance Delisting Tether & Other Non-MiCA Compliant Stables from EU. USDT's days are numbered in the European Economic Area.
| Prices as of 3pm ET | 24hr | 7d |
|
Crypto $2.85T | ↘ 8.1% | ↘ 6.0% |
|
BTC $85,723 | ↘ 8.7% | ↘ 9.0% |
|
ETH $2,133 | ↘ 14.6% | ↘ 19.6% |
Sonic (an evolution of Fantom) is an L2 EVM blockchain focused on DeFi. Its main appeals for builders and participants are its fee structure and speed. It’s become a very popular chain for DeFi enthusiasts, ranking 13th in TVL currently at $710 million and growing.
Its native token, S, is used as gas to pay for transaction fees to interact with its many apps. Sonic is distributing 190,500,000 S tokens as part of an airdrop campaign to reward participants in the network. The first season of the airdrop will conclude around June 2025, with 25% of the allocation immediately available and 75% vested over 270 days (as NFTs, and therefore, these positions will be transferable).
Users can become eligible for the drop through two rewards programs: Sonic Points & Sonic Gems:
- Sonic Gems are developer-focused incentives that are exchangeable for liquid S by builders and can then be re-distributed as rewards to their own users.
- Sonic Points are more traditional airdrop points collected by performing various actions on the network.
There are many ways to qualify for both Sonic Points and Sonic Gem incentives through the various protocols of the chain, but the best ones are capital efficient AND potentially profitable outside of speculative point drops.
Let’s dive into 3 strategies that can maximize your eligibility for the Sonic airdrop – and also score you some yield! 👇
Experience the next generation of onchain finance with Mantle—where blockchain meets everyday banking. Powered by a $4B treasury, Mantle Network and mETH Protocol, Mantle is launching three innovation pillars: Enhanced Index Fund for optimized crypto exposure, Mantle Banking for blockchain-powered banking, and MantleX for AI-driven innovation. Stay tuned and enter the future of on-chain finance with Mantle.
The AI arms race is on, and the stakes couldn’t be higher.
Bankless podcast producer Josh Kale breaks down which players are poised to dominate this next industrial revolution. From the transformative power of AI across industries to the geopolitical and economic implications, we explore the critical dynamics shaping our technological future—and what this means for investors, builders, and society at large.
Dig into the full episode below 👇