SEC's Assault on Staking
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- 😑 SEC Sues Consensys Over Alleged Securities Violations. The agency alleges that MetaMask, Lido, and Rocket Pool staking services are unregistered securities.
Read more on Bankless.com - 💰 Kraken Founder Donates $1M to Trump Campaign. The founder joins a wave of industry support behind Trump during a key election moment.
Read more on Bankless.com - 🤝 Coinbase Partners with Stripe. The partnership brings Base support to Stripe and Stripe support to Coinbase Wallet.
Read more on Bankless.com
📸 Daily Market Snapshot: BTC tested falling below $60K after a week of rebuilding, but all eyes were on staking kingpin LDO which fell over 16% after the SEC named the asset as an unregistered security in its Consensys suit. RPL, which was also named, fell 7.5%.
| Prices as of 5pm ET | 24hr | 7d |
|
Crypto $2.24T | ↘2.0% | ↘4.3% |
|
BTC $60,128 | ↘2.0% | ↘6.2% |
|
ETH $3,382 | ↘1.6% | ↘3.9% |
|
AVAX $28.07 | ↗0.3% | ↗1.7% |
One year ago this week, our very own David Hoffman shared details about his experience living with some of crypto’s brightest minds in the ephemeral city called Zuzalu.
Inspired and initiated by Vitalik Buterin, Zuzalu blended structure and spontaneity to construct a successful experiment, but almost immediately after the ephemeral city dispersed, attendees wondered how they could keep the fire of Zuzalu alive and continue to offer places for the ethos of Ethereum to connect with disparate emerging technologies.
Let’s take a look at what they’ve been up to since 👇
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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.
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