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Daily Brief

Double Down on ETH

gm Bankless Nation, tomorrow is the big day! But as crypto eagerly awaits ETF decisions, some major legislation is working its way through Congress.
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May 22, 2024 โ€ข 3 min read
Double Down on ETH
Published on May 22, 2024
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NEED TO KNOW
Gensler Warns Congress
  1. ๐Ÿ‘” Gensler & Biden Speak Out Against FIT21 Act. As FIT21 amasses support, Biden and Gensler voice their opposition.
    Read more on Bankless.com
  2. ๐ŸฆŠ MetaMask Reportedly Adding Native Bitcoin Support. The rollout could come as soon as next month.
    Read more on Bankless.com
  3. ๐Ÿ“ ETH ETF Issuers Drop Staking. ETF issuers won't be staking their ETH, according to new filings.
    Read more on Bankless.com
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TODAY IN MARKETS
ETH's Institutional Sell
Bankless Author: Jack Inabinet

๐Ÿ“Š New Best? Laser-eyed Bitcoiners have long maintained that their chosen asset is the only cryptocurrency that institutions will be willing to purchase. With spot ETH ETFs on the horizon, will TradFi soon find a superior alternative?

Prices as of 5pm ET 24hr 7d
Crypto $2.58T โ†˜ 0.4% โ†— 8.4%
BTC $69,388 โ†˜ 0.4% โ†— 5.2%
ETH $3,749 โ†— 0.1% โ†— 24.0%
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INVEST
Bets to Double-Down on ETH
Bankless Author: David C.

With ETH climbing more than 25% in the past week, itโ€™s clear traders are looking to up their exposure to the asset, but investors are also bidding up assets across the EVM ecosystem that they see as beta plays on potential ETF approval.

Today, weโ€™re taking a look at some of the plays already catching fire, and the tokens and ecosystems that could be poised to take off at any moment. ๐Ÿ‘€

Check out the assets we're watching๐Ÿ‘‡


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PREMIUM FEED
Onchain Contests

Are onchain contests the next way that crypto communities will bond?

JokeRace is a platform where you create contests for communities to run, grow and monetize. We had the project's co-founder David Phelps on to teach us all about JokeRace and how you can get involved.

Get the full lowdown ๐Ÿ‘‡

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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.