Solana's Celebrity Sideshow ($)
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Sponsor: Puffer Finance — Supercharge your ETH Staking on the First-Ever Decentralized Liquid Restaking Protocol.
- FTX Settles with IRS Over $24B Tax Bill. Creditors are one step closer to payouts, but Uncle Sam wants his cut first.
Read more on Bankless.com - 🐈 StarkWare Plans Bitcoin Scaling Effort. The team behind StarkNet is kicking off early plans for Bitcoin-centric ZK scaling.
Read more on Bankless.com - 🟣 Polygon Labs Acquires ZK Research Firm. It's the startup's third major ZK acquisition in less than 3 years.
Read more on Bankless.com
📊 Network defects. SocialFi applications have managed to garner widespread excitement among crypto natives at numerous points throughout the past year, but the buzziest brands seem to be fading into obscurity. Will crypto ever get a sustainable SocialFi application?
| Prices as of 5pm ET | 24hr | 7d |
|
Crypto $2.61T | ↗ 1.9% | ↗ 1.6% |
|
BTC $70,493 | ↗ 2.2% | ↗ 3.2% |
|
ETH $3,810 | ↗ 1.2% | ↘ 0.7% |
Celebrities have once again returned to crypto, and this time, they're embracing a more fungible path forward, slapping their names on tickers and pumping up the memecoin fever.
Minor and major celebrities are no strangers to the crypto world, but there haven't been quite as many around since FTX's blowup.
So, what's bringing them back? The promise of memecoin riches on Solana.
Read more 👇
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!
Each week, Citizens get a curated list of market opportunities that the Bankless team is watching 👇
- 👻 Exploring Bitcoin with the Phantom Wallet
- 💸 Sending Base memecoins to anyone with Coinbase Wallet
- ☠️ Minting SoBMutants on zkSync’s zkMarkets
- 🌐 Interacting with Nillion’s incentivized testnet
- 📈 Trading perpetuals on Base with Kwenta V3
- 🥩 Staking MNT with Mantle Rewards Station of INTX
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.