0
0
Citizen Daily Brief

DeFi's Solana Embrace ($)

gm Bankless Citizen, it was green across the board today as tokens finally saw some notable gains after a lackluster week.
0
0
May 15, 2024 โ€ข 3 min read
DeFi's Solana Embrace
Published on May 15, 2024
View in Browser

Sponsor: Kraken โ€” Sign up for an account and see what crypto can be.

.  .  .
NEED TO KNOW
Illegal Sandwich
  1. ๐Ÿฅช DOJ Charges Brothers in $25M MEV Exploit. Prosecutors argue brothers who 'sandwiched the sandwichers' guilty of wire fraud.
    Read more on Bankless.
  2. ๐ŸŒž Sonne Finance Suffers $20 Million Hack. The platform's native token plunged 55% following the attack.
    Read more on Bankless.
  3. ๐Ÿ‘” Does Vanguard's New Bitcoin Bull CEO Signal Shift? Former BlackRock exec Salim Ramji takes the helm at the crypto-skeptical asset manager.
    Read more on Bankless.
.  .  .
TODAY IN MARKETS
Crypto Rallies Off Inflation
Bankless Author: Jack Inabinet

๐Ÿ“Š Cooling Inflation. Crypto assets popped this morning off of key inflation signals from April. What did the data say, and why have markets interpreted it as a sign to buy?

Prices as of 5pm ET 24hr 7d
Crypto $2.38T โ†— 5.9% โ†— 4.8%
BTC $65,840 โ†— 7.0% โ†— 7.0%
ETH $3,022 โ†— 4.6% โ†— 2.7%
.  .  .
ANALYSIS
ETHโ€™s DeFi Scene Eyes Solana
Bankless Author: Jack Inabinet

Solana solidified its status as a top-tier blockchain after emerging like a phoenix from the ashes of the FTX/Alameda collapse.

In the community-led renaissance that followed, it was the sweat of Solana-native teams that greased the wheels of progress, but following a steady build of SOL prices and DeFi metrics, non-native protocols are ready to pounce on the opportunity.

Here are the ETH protocols looking to build on SOL ๐Ÿ‘‡


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.

.  .  .
LEARN
What We're Reading

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.