Solana Takes Action ($)
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- π¬ ETH nears $3,000. Ethereum holders didn't have much to celebrate for the 4th of July as the asset took a 6% dive Thursday.
- π° EigenLayer competitor hits $1B in deposits. Lido-backed Symbiotic has reached $1B in deposits in less than a month as depositors back the protocol.
- π΅ FRIEND is staying on Base. FriendTech may be planning a migration to its own chain, but its token is staying put after community backlash. The token has lost 50% in value just this week.
πΈ Daily Market Snapshot: Bear market sentiment went full throttle on Crypto Twitter Thursday as both ETH and BTC posted big one-day losses, with BTC briefly dipping below $57K and ETH fighting $3,100.
Prices as of 12pm ET | 24hr | 7d |
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Crypto $2.12T | β4.7% | β7.4% |
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BTC $58,165 | β3.2% | β5.4% |
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ETH $3,144 | β4.6% | β8.8% |
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If bringing crypto to the users where they are was a competition, Solana might just have won it with the introduction of Actions and Blinks β developer frameworks that bring crypto directly to any website on the internet.
Imagine scrolling Twitter, and spotting an NFT you've gotta have. Normally, that could set you off on a web3 odyssey where you have to step through the various unwieldy "standard" transaction steps to buy the NFT. But with Blinks, it's a single click.
This might all seem like a small, inconsequential thing, but it's a friction-smashing superpower.
Let's take a look at how Blinks are a major step in the right direction towards making crypto more user-friendly and why Solana leading the way in UX is a big deal π
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Kraken is one of the largest and most secure crypto platforms in the world. They've been in the crypto game for over a decade, and now they're inviting us all on a journey to see what crypto can be.
Each week, Citizens get a curated list of market opportunities that the Bankless team is watching π
- π Earning Rainbow ETH rewards
- π΅ Preparing for the $BLUE token on Sui
- πͺ Trying Jupiterβs new memecoin platform Ape
- π₯ Stacking points for the $BLAST Phase 2 airdrop
- π Restaking Renzoβs $pzETH via Symbiotic and Mellow
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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