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Daily Brief

Don't Lose Hype

gm Bankless Nation, Crypto markets and Crypto Twitter sentiments are down, but there are opportunities to be had.
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Jan 9, 20253 min read
Don't Lose Hype
Published on Jan 9, 2025
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Sponsor: Uniswap Labs — Uniswap Labs launched a $15.5 million bug bounty to help secure V4.

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NEED TO KNOW
Stalling Growth?
  1. 👨‍⚖️ Do Kwon's Criminal Trial Date Set. The Terraform Labs founder faces up to 130 years in prison.
  2. 💸 CFTC Subpoenas Coinbase Over Polymarket Customer Data. The CFTC isn't done with its war on predictions market platforms.
  3. 💰 Circle Donates $1M in USDC to Trump’s Inaugural Committee. The stablecoin giant joins Ripple and Coinbase in donating to the organization.
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Daily Market Snapshot: Further sliding ETH and BTC prices met massive drawdowns in Crypto Twitter's latest favorite tokens and led to a depressing crypto market sentiment on Thursday. The cause of the downturn? It largely seems to be caused by a combo of lingering fears for US growth prospects and skittishness around worsening economic conditions in China.
Prices as of 6pm ET 24hr 7d
Crypto $3.23T ↘ 2.7% ↘ 5.3%
BTC $92,412 ↘ 2.8% ↘ 4.5%
ETH $3,219 ↘ 3.2% ↘ 6.6%
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DEEP DIVE
The Pendle Trade
Bankless Analyst: Jack Inabinet

Pendle has blazed a trail as one of DeFi’s top players this cycle. Its interest rate marketplaces match crypto users looking to lock returns with others seeking to purchase pure yield exposure on a variety of tokens. Today, we demystify this game-changing crypto app in hopes of making yield swaps accessible to all.

Every Thursday, Citizens get access to our DeFi Trading Deep Dive. As a free subscriber, you're missing out! 👇

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TOKEN RATING
AI16Z: Just Getting Started?
Bankless Analyst: Kazu Umemoto

Every weekday, our analyst team gives a bullish or bearish rating on a new token. Get access to the Token Hub by becoming a Citizen! 👇

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CHEAT SHEET
Don't Lose HYPE

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! 👇


FRIEND & SPONSOR: UNISWAP

Uniswap Labs is offering the largest bug bounty ever: $15.5M for critical bugs in Uniswap v4! Built with community contributions and rigorously audited, v4 will be one of the most audited codebases ever to be deployed onchain, and continues Uniswap’s commitment to security.

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.