Crypto's Vibe Dive
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- 👩⚖️ $250+ Billion Dogecoin Lawsuit Against Elon Musk Dismissed. Musk and Tesla are no longer on the hook in the quarter-trillion-dollar DOGE lawsuit.
- 🇺🇸 U.S. House Committee Planning Crypto Hearings Blitz in September. The U.S. House Financial Services Committee has a full slate of crypto-related hearings scheduled.
- 🇷🇺 Russia Set to Trial Cross-Border Crypto Payments. Putin signs new law legalizing crypto payments for international trade.
📸 Daily Market Snapshot: Crypto prices fell more today. If you've noticed a vibe shift in crypto lately, you're not alone. ETH Maxis are dunking on Vitalik on Twitter, crypto can't decide how to feel about Trump's influence, the memecoin dream is collapsing, and the industry is aching for something to get excited about. Not every asset was down-only this month, though; August's big winners? Helium, Aave, Sui, and Tron bucked market trends.
| Prices as of 4pm ET | 24hr | 7d |
|
Crypto $2.07T | ↘ 1.3% | ↘ 7.6% |
|
BTC $58,792 | ↘ 0.7% | ↘ 7.6% |
|
ETH $2,508 | ↘ 0.7% | ↘ 8.7% |
|
1INCH $0.242 | ↘ 0.8% | ↘ 13.8% |
🧑🌾 Farming Alpha: Falling prices often correspond with falling yields, but you can now earn 19% disaster-proof (?) yields by providing liquidity to Kamino’s incentivized PYUSD-USDC pool on Solana. While Pendle often provides superior rates of returns, variable rate USD opportunities appear more attractive this week, yet you are unable to lock in the advertised return. Meanwhile, BTC yields remain elevated as the crypto industry continues to digest the implications of Justin Sun’s impending WBTC acquisition.
Top Opps:
- 🟠 BTC: 13% APY with Fraxlend’s WBTC pool on Ethereum
- 🟠 BTC: 7% APR with Curve’s eBTC-tBTC pool on Ethereum
- 🔵 ETH: 13% APY with Pendle’s Re7LRT PT on Ethereum
- 🔵 ETH: 9% APR with Hop’s ETH pool on Arbitrum
- 🟢 USD: 19% APY with Kamino’s PYUSD-USDC pool on Solana
- 🟢 USD: 18% APY with Aerodrome’s DOLA-USDC pool on Base
- 🟢 USD: 13% APY with Pendle’s sUSDe (Karak) PT on Ethereum
- 🟢 USD: 9% APR with Hop’s DAI pool on Arbitrum
Bankless recently dug into the crossroads that the Cosmos ecosystem has found itself in, but there's still a lot to learn when it comes to the network of chains.
Today, we're shipping our latest updates to The Bankless Guide to Cosmos, showcasing the top crypto projects on it, the top ways to invest in the network's future success and the history of how it came to be.
Get the full rundown on Cosmos 👇
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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.
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