Solana's Polymarket Challenger ($)
View in Browser
Sponsor: Cartesi — Discover the power of Linux for your ambitious dApps, only on Cartesi.
- 🚔 Telegram CEO Pavel Durov Arrested. The Telegram-aligned TON cryptocurrency tanked on the news of his arrest.
- 🔎 Ethereum Foundation Transaction Spurs Calls for More Transparency. Should the Ethereum Foundation be making clearer financial disclosures?
- 🪄 Abra Settles with SEC Over 'Auto-Magic' Crypto Earn Program. The company's Abra Earn program amassed as much as $600 million in user deposits.
📸 Daily Market Snapshot: After flirting with $65K Sunday, BTC slid to the $63K marker Monday evening as the broader crypto market slipped nearly 3% – this, even as the Dow struck a new all-time high close Monday. Meanwhile, news of Telegram CEO Pavel Durov's arrest over the weekend sent TON into free fall, now down nearly 25% on the week.
| Prices as of 6pm ET | 24hr | 7d |
|
Crypto $2.21T | ↘ 2.7% | ↗ 5.7% |
|
BTC $63,115 | ↘ 2.0% | ↗ 6.7% |
|
ETH $2,683 | ↘ 3.5% | ↗ 2.3% |
|
TON $5.13 | ↘ 12.9% | ↘ 24.9% |
Everyone is taking a closer look at decentralized predictions markets this year thanks to the breakout success of Polymarket.
And while Polymarket is far and away the leader of the sector, with monthly volume, active users, and open interest stats currently near all-time highs amid 2024 presidential election excitement, there are other players to watch, too.
If you’re a Solana user, then you ought to check out BET 👇
Cartesi did the hard work, like putting Linux on the blockchain, so that building dApps could be radically simple. Discover a boundless design space for your most ambitious web3 projects.
SOL/ETH is up 300% YoY, and ETH/BTC is down 50% over the last two years. Why is ETH underperforming?
Kyle Samani is the Managing Partner & Co-founder at Multicoin Capital. They have been spearheading the "integrated blockchain" investment thesis even before the success of Solana redefined that corner of crypto.
This episode is not intended to be a debate – Ryan and David are mostly going to sit back and hear Kyle’s perspective and reasoning as to why ETH has been down so badly in this crypto cycle.
Hear all of the analysis 👇
Want to get deeper into Onchain Summer with Base? We're getting in on the action via our favorite Base protocols! We teamed up with BasePaint for a special Bankless theme launching tomorrow.
The mission? Design a Bankless Buck! What would a banknote from the Bankless Nation look like? Tomorrow morning, we'll post specific steps on how to participate!
- Tue Aug 27, 12:30pm ET: Participate and paint the Bankless Buck, and claim a portion of the mint proceeds
- Wed Aug 28, 12:30pm ET: Mint the Bankless Buck and be entered to win a year of free citizenship + physical prints of the Bankless Buck
p.s. Did you pay for a one-year or two-year Citizenship with crypto? Then you’re eligible for up to +6250 OCS Points on Base’s Onchain Summer.