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Daily Brief

Derisking the Dip

Citizen Brief: gm, the market has tumbled but smart traders can stay ahead by hedging with puts!
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Feb 27, 2025 • 3 min read
Derisking the Dip
Published on Feb 27, 2025
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NEED TO KNOW
The MEME Act
  1. 🚫 House Dems Move to Ban Presidential Memecoins. House Democrats propose the MEME Act, aiming to ban public officials from launching tokens like TRUMP.
  2. 📉 Pump Fun Activity Plummets Amid Memecoin Fatigue. Pump.fun tokens see a swift drop in daily launches and DEX graduations, hinting at broader market fatigue.
  3. 🤝 The SEC Drops Its Case Against Consensys. Consensys and the SEC finalized an agreement to dismiss the MetaMask securities enforcement case.
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Daily Market Snapshot: Bitcoin may be down 14% on the week, but it's up 1% on the day and is holding ground just above $84,000. Altcoins have followed suit, with most top projects trading in the green over the past 24 hours.
Prices as of 5pm ET 24hr 7d
Crypto $2.81T ↗ 1.3% ↘ 12.2%
BTC $84,318 ↗ 0.9% ↘ 14.1%
ETH $2,317 ↗ 1.2% ↘ 15.4%
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CHEAT SHEET
Smart Collateral Engaged

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! 👇

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PLAY OF THE WEEK
Hedging Against Disaster
Bankless Analyst: Jack Inabinet

This week brought with it an undeniable vibe shift in the crypto market. Just last month, investors were eagerly anticipating new all-time highs, but the past few days have been marked by significant declines in crypto’s majors and profound weakness for many top altcoins.

In our citizen-exclusive Bankless article published last week, we revealed how risky 0DTE crypto options can enable you to profit big from sudden market swings. The recent fall in prices proves just how powerful such options can be, with 0DTE put options returning core-shaking multiples amid the chaos!

Fortunately, options aren’t all about short-term speculation and gambling. Today, we’re exploring how longer-dated put options can help to hedge your portfolio against catastrophic losses in another disastrous downside scenario. 👇

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CITIZEN-ONLY TOKEN RATING
Sky Running
Bankless Analyst: Jack Inabinet

Sky (f.k.a. MakerDAO) has seen its native token more than double off the February lows. What obstacles might lie ahead for this legacy Ethereum stablecoin issuer?

Every week, our analyst team gives bullish or bearish ratings on new tokens. Get access to our SKY/MKR rating in the Token Hub by becoming a Citizen! 👇

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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.

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.

Published in Bankless

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