Is DeFi About to Rip?
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Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.
- 🟠 Detroit Set to Accept Crypto Tax Payments. The Michigan city is the largest in the U.S. to support crypto payments for paying city fees and taxes.
- 📜 Ethereum Foundation Reveals $1B Treasury & New Conflict of Interest Policy. The EF has enough runway for the next half-decade and beyond.
- ⬛️ Jack Dorsey's Block Doubles Down on Bitcoin Mining, Abandons 'Web5'. Jack Dorsey takes a bigger bet on bitcoin infrastructure.
📸 Daily Market Snapshot: DeFi's buzziest players from the past cycle pumped bigly off of Trump's election win, with Ethena, Aave, Maker and Lido seeing substantial weekly candles. With ETH nearing $3,000 and DeFi mindshare growing, crypto investors are bidding up the long-tail DeFi protocols as well, hoping for a new Trump-induced bull run.
| Prices as of 2pm ET | 24hr | 7d |
|
Crypto $2.53T | ↗ 0.8% | ↗ 8.6% |
|
BTC $76,717 | ↗ 0.4% | ↗ 10.8% |
|
ETH $2,955 | ↗ 3.1% | ↗ 17.9% |
|
PENDLE $5.29 | ↘ 1.5% | ↗ 10.4% |
OpenSea is getting ready for a big revamp launching next month!
In preparation, we've updated our Bankless Guide to the NFT marketplace, so you can get up to speed on their latest efforts ahead of their December OpenSea 2.0 re-launch.
Let's dig in 👇 👇
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.
🧑🌾 Farming Alpha: Each week, Citizens get a curated list of yield opportunities that the Bankless team is watching. As a free subscriber, you're missing out! 👇