Has ETH Bottomed Out?
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Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.
- 🤑 Franklin Templeton Plans Mutual Fund on Solana. The asset manager announced plans for a pooled investment vehicle on the chain at Solana's Breakpoint conference.
- 🌼 'Vitalik: An Ethereum Story' Documentary Debuts Onchain. The new documentary provides an intimate portrait of the Ethereum founder.
- 🦊 Judge Tosses Consensys Suit Against SEC. Consensys was seeking regulatory clarity around its MetaMask wallet offerings and ETH's security status.
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📸 Daily Market Snapshot: Yesterday's glorious post-rate-cut rebound stalled for the broader crypto market Friday as BTC prices slipped and alts progress slowed. Meanwhile, a 3% bump took ETH back above $2,500 after spending most of September below the marker. Ethereum's investors are hoping for some extended relief after a down-only summer for ETH; will the recent rate cut provide the momentum needed for the ecosystem to recover?
| Prices as of 6pm ET | 24hr | 7d |
|
Crypto $2.19T | ↗ 0.2% | ↗ 4.3% |
|
BTC $62,871 | ↘ 0.4% | ↗ 4.8% |
|
ETH $2,545 | ↗ 3.2% | ↗ 5.1% |
|
PENDLE $3.60 | ↗ 4.2% | ↗ 5.0% |
Buzz around Fantom's transition to Sonic has sent the FTM token on a 40% climb this month.
Sonic is a fully EVM-compatible Layer-1 blockchain that combines the speed and scalability of an L1 chain with a custom Layer-2 bridge connected to Ethereum. This dual-layer design offers low-cost transactions, fast processing times, and enhanced security, making Sonic a hybrid solution between traditional L1 and L2 chains.
Its blockchain architecture supports over 2,000 transactions per second (TPS) with sub-second confirmation times, a significant improvement from Fantom’s previous 200 TPS on the Opera chain.
Take a look at our newest Bankless Guide with all of the Sonic details 👇
Mantle kickstarts Season 1 of Methamorphosis. Building on the success of their Liquid Staking Token, mETH, Mantle LSP announces plans for a new Liquid Restaking Token, cmETH, along with a governance token, COOK. With Methamorphosis, participants can now farm Powder for future COOK tokens and position themselves early for upcoming cmETH release.
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