Modular Blockchain Mania ($)

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1. 🙅 SEC doesn't want rules. The SEC denied Coinbase's push for detailed crypto rules as "unwarranted," Coinbase's legal officer called the SEC's move an "abdication of its duty."
2. 🥶 ARB partial outage. Arbitrum was hit by a partial outage Friday after a transaction surge stalled the network's sequencer.
3. 🐕 BONK drives phone sales. A BONK airdrop available to every Saga phone owner is worth more than the phone costs, leading investors to ape the arbitrage opportunity.

📊 Modular money. Crypto tokens pared back this week’s gains on Friday morning. Bitcoin and Ethereum both fell 2-3%. BONK's ridiculous breakout surge calmed Friday morning as well, staying relatively flat alongside SOL. It wasn't all yawns this AM, however, as investors capped off a bullish week for modular blockchain products and dapps with even more action.

	Crypto $1.59T	↘ 1.6%	↘ 2.4%
	BTC $42,175.80	↘ 1.9%	↘ 4.1%
	ETH $2,249.85	↘ 1.6%	↘ 4.6%

We talk an awful lot about Ethereum L2s in these here parts, but we don't talk about L2s as much in relation to Bitcoin. Why is that? Well, there are a lot of reasons, but one is that Lightning Network is pretty unique. This guide shows you why.

Read the full guide on our website 👇

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ROLLUP

The Fed Pivots

Recession avoided?? On this week's Weekly Rollup, Ryan and David discuss the Fed's latest actions in monetary policy and Elizabeth Warren's regulatory revenge. Oh yeah, we talk about airdrops too! 🤑

Get all of our thoughts 👇

Watch the Full Episode

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INVEST

This Week's Yield Opps

🧑‍🌾 Farming Alpha: Umami continues to be the go-to platform for juiced single-sided yields on Ethereum, thanks to their STIP grant. Kamino and Meteora are both offering attractive SOL yields, incentivized by token rewards. Swap fees on USDV pairs are paying out LPs juicy yields on Velodrome.

Top Opps:

• 🟠BTC: <70.5% APR with Umami’s WBTC vault
• 🔵ETH: <87.6% APR with Umami’s WETH vault
• 🟣SOL: <38.4% APY with Kamino’s LST-jitoSOL vault
• 🟣SOL: <9.2% APY with Meteora’s bSOL-SOL vault
• 🟢USD: <91.2% APR with Umami’s USDC vault
• 🟢USD: <64.8% APR with Velodrome’s FRAX-USDV vault
• 🟢USD: <23.2% APR with Velodrome’s USDV-USDC vault