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Daily Brief

Solana's Turn?

gm Bankless Nation, ETF euphoria hit BTC and ETH, but is it finally SOL's turn? It has some big challenges in reaching approval, but never say never!
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Jun 27, 2024 โ€ข 4 min read
Solana's Turn?
Published on June 27, 2024
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NEED TO KNOW
Solana's TradFi Turn?
  1. ๐Ÿฅณ VanEck Files for Spot Solana ETF. Will the SEC reverse its stance that SOL is an unregistered security?
    Read more on Bankless.com
  2. ๐Ÿ˜ก Coinbase Sues SEC and FDIC Over Blocked Info Requests. Coinbase opens up its third separate legal battle with the SEC.
    Read more on Bankless.com
  3. ๐Ÿ‘ฉโ€๐Ÿ’ผ Supreme Court Mandates SEC Use Jury Trials for Fraud Cases. The SEC won't be able to handle fraud cases in-house going forward.
    Read more on Bankless.com
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MARKET VIBES
Solana's Hopeful Pump

๐Ÿ“ธ Daily Market Snapshot: Solana led crypto assets into a green day after VanEck filed an application for spot SOL ETF. The announcement pushed up SOL by over 9% while several memecoins in its ecosystem enjoyed big gains like BOME, which climbed 17% on the day.

Prices as of 5pm ET 24hr 7d
Crypto $2.29T โ†— 1.1% โ†˜ 3.4%
BTC $61,430 โ†— 0.8% โ†˜ 5.6%
ETH $3,440 โ†— 1.7% โ†˜ 2.3%
SOL $149.58 โ†— 9.4% โ†— 11.5%
ARB $0.823 โ†— 0.5% โ†— 2.2%

๐Ÿ”’
New Token Rating: Arbitrum DAO may soon enable ARB staking rewards. How does this shift our views on its future performance?
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LEARN
The Bankless Guide to Base

Base has been having one hell of a 2024.

Still not sure what's happening on the Coinbase-incubated Layer-2 network? Too embarrassed to ask? We've got you covered. We just updated our Bankless Guide on the network today, and it's loaded with info about what makes the network unique and what projects are worth knowing.

Check out the full guide๐Ÿ‘‡


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LATEST POD
The Fall of Liberalism?

What if the information anarchy of the internet spells the downfall of liberalism?

Economist Noah Smith and Ethereum founder Vitalik Buterin join us for a fascinating discussion on why Authoritarianism might be the answer to the current information warfare. Yes, you heard that right.

We start the episode by defining liberalism, how it has brought excessive polarization and why totalitarianism might be the only solution left. We then steel man the case against this same argument and how blockchains and crypto could play a role in all this.

Listen to the full conversation ๐Ÿ‘‡

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LEARN
What We're Reading
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GO BANKLESS
Don't Miss Another Airdrop!

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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.

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