Clean Up Your Wallet
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Sponsor: Toku — Make token grant administration simple.
- 💰 ETF Net Inflows Near $1B. Despite major GBTC outflows, money is still flowing into newly approved spot BTC ETFs, CoinDesk reports.
- 🌴 ETH's Dencun upgrade live on testnet. Ethereum's next big upgrade, Dencun, is still months from hitting mainnet, but the proto-danksharding upgrade just went live on the Goerli testnet this morning.
- 🪨 JPM's Dimon Bashes BTC. For a guy who thinks BTC is going nowhere, Jamie won't stop talking about it. Today, he called BTC "a pet rock."
📊 dYdX soars. Every degen has a pit in their soul that can only be filled by leverage trading, and crypto exchanges are the direct beneficiary of this demand! Which tokens stand to benefit the most from it?
| Prices as of 5pm ET | 24hr | 7d |
|
Crypto $1.68T | ↘ 1.7% | ↘ 4.5% |
|
BTC $42,567 | ↘ 1.6% | ↘ 8.4% |
|
ETH $2,521 | ↘ 2.9% | ↘ 0.6% |
Yesterday’s Socket hack, which saw $3.3 million drained from users with active token allowances for the cross-chain bridge, is another painful reminder that security and wallet hygiene are critical elements of navigating Web3.
Revoke Cash is a simple-to-use tool, with support across 60+ networks, designed to manage and revoke token approvals.
Here's how to get better wallet hygiene 👇
Make token grant administration simple. Toku is the all-in-one global token grant solution trusted by leaders like Protocol Labs and Mina Foundation. Toku's dashboard guides you through the entire token grant process with legal templates, vesting tracking, reporting, and exercising. Save time & money, and be compliant by working with Toku!
Are L2 tokens worthless governance coins? Will they accrue value? Are L2 tokens bullish? Ryan and David dive into the details in this week’s episode of Bankless Takes.
Get David and Ryan's full opinions 👇
Each week, Citizens get a curated list of market opportunities that the Bankless team is watching. As a free subscriber, you're missing out! 👇
Many Bankless Citizens who completed the Jito quests in our Airdrop Hunter app just earned $10k+ airdrop paydays!
It's airdrop season and plenty of other protocols are preparing to reward early users. Get on their lists. Start hunting!
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.