Selling ETH to Wall Street ($)
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Sponsor: Puffer Finance — Supercharge your ETH Staking on the First-Ever Decentralized Liquid Restaking Protocol.
- 💚 Robinhood Doubles Down on Crypto with Bitstamp Acquisition. Even amid an SEC onslaught, Robinhood is committing to crypto.
Read more on Bankless.com - 💰 The Sandbox Raises at $1B Valuation. After targeting a $4 billion valuation in 2022, the crypto gaming brand reins it in.
Read more on Bankless.com - 🌍 European Central Bank Cuts Interest Rates. Global rate cuts could mean big things for risk assets like crypto.
Read more on Bankless.com
📊 Sudden Surge. Binance founder CZ just started his 4-month prison sentence, but that hasn’t stopped the native token of his exchange’s closely affiliated BNB Chain from achieving its highest price ever! Why is BNB outperforming this week?
| Prices as of 4pm ET | 24hr | 7d |
|
Crypto $2.61T | ↘ 1.4% | ↗ 3.2% |
|
BTC $70,361 | ↘ 1.3% | ↗ 3.3% |
|
ETH $3,773 | ↘ 2.7% | ↗ 1.4% |
Ethereum’s spot ETFs could begin trading any day now!
One big question remains: how will we sell ETH to Wall Street?
It's a question that has perplexed the industry at many times. While Bitcoiners have solidly clung to the easy-to-understand narrative of “digital gold,” Ethereum’s fans have often had a tougher time landing on a shared, succinct narrative that sparks external interest in the ecosystem.
Today, we’re evaluating six of the most prominent narrative contenders that encapsulate the essence of Ethereum 👇
Stake your ETH with Puffer on Ethereum and unlock enhanced rewards with native Liquid Restaking Tokens (nLRTs) in Chapter 4 of the Crunchy Carrot Quest. Enjoy boosted Puffer & EigenLayer points, exclusive partner project airdrops, staking yield, and boosted DeFi integrations. Empower your ETH staking now!
“Energy is the base layer of money,” that’s how today's guest Luke Gromen puts it in our latest episode.
The essential learning of today’s show is that you can’t understand money until you understand energy markets. Apart from that, Luke explains why the price of oil is about to force a monetary system change, why the 60/40 portfolio is dead, and much more.
Bankless Citizens get Early Access to the Monday Podcast and an exclusive Debrief unpacking the conversation 👇
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.