Solana Hits Cycle Highs ($)
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Sponsor: SynFutures — Trade perps on SynFutures V3 and earn 3X airdrop rewards:
- 🤖 AI tokens surge. Yesterday, we declared this the Crypto x AI cycle; today, the entire sector blasted off. We hope you aped in.
- 🇺🇸 Fed 'nowhere near' USA CBDC. In a Senate hearing, Federal Reserve Chair Jerome Powell tried to give assurances that a digital dollar wouldn't spy on Americans and wasn't coming anytime soon.
- 🇰🇷 Do Kwon is getting extradited. Another day, another legal update for Terra creator Do Kwon. His lawyer now claims he will be extradited to South Korea, not the USA, following a Thursday ruling.
📊 How high? The Risk Rally continues as asset prices march upwards and onwards in the pursuit of higher highs. Both the broad market S&P 500 and tech-heavy Nasdaq 100 touched new all-time highs today, and BTC is still on track for its second-highest daily close ever!
What crypto assets are making outsized gains and showing signs of strength?
Read on for more market analysis + our favorite chart and tweet of the day 👇
| Prices as of 5pm ET | 24hr | 7d |
|
Crypto $2.56T | ↗ 2.2% | ↗ 13.3% |
|
BTC $67,391 | ↗ 1.5% | ↗ 10.1% |
|
ETH $3,878 | ↗ 1.1% | ↗ 16.5% |
Another acronym to add to your crypto vocabulary? RaaS, or Rollups-as-a-Service.
An increasingly popular solution to both customize and scale blockchains, RaaS holds promise to address the current complexities and issues facing rollups while making them more manageable and tailor-made to specific use cases like DeFi or gaming.
In this article, we will explore the significance of RaaS, what these platforms enable, and what projects are at the forefront of this burgeoning ecosystem.
Let’s get into it! 👇
SynFutures is Blast’s largest perps DEX with 140,000+ users. Backed by Pantera, Polychain, Standard Crypto, and more, V3 introduces oAMM, an onchain order book with a CLAMM. Stack Blast and SynFutures rewards while experiencing the most capital-efficient trading in DeFi derivatives.
Tonight, all eyes are on Joe Biden who will be making the case for his re-election in his State of the Union address.
Earlier this week, David Hoffman caught up with another presidential hopeful, Robert F. Kennedy Jr., whose campaign has been catching eyeballs in the crypto community.
Click in to hear their irl 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.