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Citizen Daily Brief

Memestock Mania Returns? ($)

gm Bankless Citizen, GameStop gains are back in the news, will retail investor fervor move to crypto next?
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May 13, 20243 min read
Memestock Mania Returns?
Published on May 13, 2024
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Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.

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NEED TO KNOW
Memechain Breakdown
  1. 🎩 Degen Chain Stops Producing Blocks. The L3 Base network hasn't produced a block in more than 24 hours.
    Read more on Bankless.
  2. 🧑🏻‍🦲 SEC Pushes Back Against Coinbase. Coinbase wants the regulator to clarify what its crypto rules actually are.
    Read more on Bankless.
  3. 🐦‍⬛ Falcon Labs Settles with CFTC. The Seychelles-based crypto prime brokerage was fined $1.77 million.
    Read more on Bankless.
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TODAY IN MARKETS
Memestock Mania Returns

📊 Memestock Pop-Off. GameStop shares soared as much as 126% off their Friday close, the stock’s largest single-day spike since the height of the memestock frenzy in January 2021! Why has GME surged in such dramatic fashion, and what does this development mean for your crypto bags?

Prices as of 5pm ET 24hr 7d
Crypto $2.30T ↗ 1.9% ↘ 1.8%
BTC $62,991 ↗ 3.1% ↘ 0.8%
ETH $2,952 ↗ 1.0% ↘ 4.3%
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TACTIC
Going for Gold on Blast Jackpot
Bankless Author: William M. Peaster

Blast has kept churning out the engagement initiatives.

The main way the network has courted deposits is through its native yield and its ongoing Blast Points and Blast Gold program. Half of Blast’s upcoming airdrop is going to Points holders, and half to Gold holders. Blast Jackpot is a recently launched game that periodically rewards token and NFT holders on Blast. 

Here's how to try it out yourself 👇


FRIEND & SPONSOR: MANTLE

Mass adoption of token-governed technologies. With Mantle Network – an Ethereum rollup, Mantle Treasury, and a token holder governed roadmap for products and initiatives.

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LATEST POD
Nothing Stops this Train

We’re entering a new era. “Nothing Stops this Train,” as Lyn would say. We’ve entered the Era of Fiscal Dominance.

What era is this? Who will be the winners and losers? What about capital controls? How can you prepare? How will Crypto perform? We get into all this and much more in what is a must-listen Fiscal Dominance masterclass.

Bankless Citizens get an exclusive Debrief of the episode 👇

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.

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