Do AI and Crypto Mix? ($)
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- 🙈 Ledger service gets hit. Hackers phished a Ledger employee and inserted malicious code into the company's Connect Kit library, compromising DeFi protocols that had integrated it. Hackers made off with nearly $500K.
- 👀 Gary's new look. Talking to CNBC, Gary Gensler said the SEC's re-examination of crypto spot ETF applications was a 'new look' prompted by courts.
- 💵 JPM expecting ETH-heavy 2024. JPMorgan's CEO may want to kill crypto, but his firm still expects ETH to outperform BTC in 2024.
📊 Memecoin season returns. Solana's ecosystem “culturecoin,” BONK, surged on its Coinbase debut, setting new all-time highs and pushing towards a $1.2 billion market cap. The doggy coin du jour is up 92% week-over-week, and its parent network's native token is also up over 9%, while ETH and BTC are still in the 7-day red after this weekend's slump.
| Prices as of 6pm ET | 24hr | 7d |
|
Crypto $1.63T | ↗ 1.1% | ↗ 1.9% |
|
BTC $43,082 | ↗ 0.5% | ↘ 0.3% |
|
ETH $2,324 | ↗ 3.0% | ↘ 1.1% |
So-called "AI Coins" continue to court attention from investors eager to capitalize on their enthusiasm for crypto and AI-based technologies, but how much crossover potential is there? Today, we look at the four major opportunities in this sector.
Read the full analysis on our website 👇
Do more in web3, your way. MetaMask Portfolio provides secure, easy to use, and convenient access to web3 features and services in one place. View and manage your assets from your dashboard. You can also buy, sell, swap, stake, and bridge tokens!
Kraken CEO Dave Ripley is gearing up for another fight with the SEC. In today's episode, he walks us through the company's regulatory skirmishes and the opportunities ahead as one of the two most important exchanges in the US right now.
Hear the full story👇
It's Airdrop Season! Rainbow Wallet has been in the news this week for their Points program. We've added four quests to our Rainbow page on Airdrop Hunter. Check them all out! 👇
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.