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Daily Brief

Bitcoin Up, ETH Down

gm Bankless Nation, what in the Worldcoin...
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Nov 17, 20233 min read
Bitcoin Up, ETH Down
Published on Nov 17, 2023
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NEED TO KNOW
Worldcoin's AI Problem
  1. 🗑️ Sam Altman shelved. OpenAI's board fired CEO Sam Altman, a surprise move which sent the price of Worldcoin's WLD token plunging.
  2. 🤨 What are Gary's ETF plans? The SEC continues to delay spot BTC ETF decisions, but is also talking to exchanges? What's Gary up to?
  3. 💰 Jump spins out Wormhole. Jump Trading is reportedly dialing back its crypto biz, spinning out the cross-chain bridge it spent $320M propping up after its big hack.
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TODAY IN MARKETS
ETH Struggles Against BTC

📊 ETH Struggles: Bitcoin up, Ethereum down! ETH/BTC is down 1.6% today and on the verge of retracing the relief rally incepted by BlackRock’s decision to file for a spot Ether ETF. Will the ratio continue to trade lower?

Prices as of 4pm ET 24hr 7d
Crypto $1.38T ↗ 0.2% ↘ 2.8%
BTC $36,466 ↗ 1.1% ↘ 2.4%
ETH $1,949 ↘ 0.6% ↘ 6.9%
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ANALYSIS
Review: Backpack Wallet
Bankless Author: Jack Inabinet

So, not sure if you've heard, but Solana has been awfully hot lately. Today, we're taking a close look at one of the buzzier wallets on the network.

Dig in for the full free review 👇


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WEEKLY ROLLUP
Bull Market Week Two

Despite a mixed week for the majors, the bull market action is still in full effect. What tokens and projects are we watching?

Watch the full episode for all the details 👇

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INVEST
This Week's Yield Opps

Each week, Citizens get a curated list of yield opportunities that the Bankless team is watching. As a free subscriber you're missing out!

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GO BANKLESS
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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.

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