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Daily Brief

Solana Gets Physical

gm Bankless Nation, it's been a tough late summer for just about every sector in crypto, every sector except perhaps DePIN, which is increasingly stoking investor enthusiasm.
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Sep 4, 20243 min read
Solana Gets Physical
Published on Sept 4, 2024
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Sponsor: KrakenSign up for an account and see what crypto can be.

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NEED TO KNOW
Uniswap's Regulator Dogpile
  1. 🦄 Uniswap Labs Settles with CFTC As NY AG Turns Up Heat. The DeFi startup continues to face legal action from a number of top regulators.
  2. 🟪 Polygon's MATIC Token Renamed POL. Polygon upgrades its ticker.
  3. ☣️ Euler Returns with V2 Following 2023 Hack. Euler's latest iteration sports new functionality and 31 individual audits.

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MARKET VIBES
BTC Whips as Fear Intensifies

📸 Daily Market Snapshot: After a rough late-night dive took BTC down toward $55K, the asset saw a late-morning resurgence that took the asset all the way back up to exactly where it was 24 hours ago. Meanwhile, analysts are betting on a turnaround soon, with CMC's Fear & Greed Index dipping to some of the lowest levels of the year.

Prices as of 6pm ET 24hr 7d
Crypto $2.03T ↘ 0.1% ↘ 2.9%
BTC $58,200 ↗ 0.2% ↘ 1.7%
ETH $2,462 ↗ 0.1% ↘ 2.7%
EUL $5.19 ↘ 0.1% ↘ 5.0%

🆕
New Token Rating: What is dead may never die, and few protocols prove this saying better than Euler, now reborn with the debut of V2. Is it time for EUL’s ascension?

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LATEST POD
Is the ETH Roadmap Off Track?

Is the Ethereum roadmap… off track?

Are L2s running interference, intercepting all the users, transactions, and value from reaching the L1? And if all of this is real and not just FUD, what should we do about it?

We have Max Resnick on the show today, he's an Ethereum researcher working at Special Mechanism Group, and he’s got some opinions that are contrary to what is typically found out of the Ethereum Rollup Centric Roadmap. 

Hear all of the analysis! 👇

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ANALYSIS
Solana Gets Physical With DePIN
Bankless Author: David C.

DePIN is catching a bid.

Momentum is building for the decentralized physical infrastructure networks as boosters see new paths for adoption and appetite for crypto outside of our frequently insular market. 

Today, we’ll look into what exactly DePIN is, why Solana has begun to stand out as the leading platform for this vertical, and what DePIN protocols on its network are showing promise 👇


FRIEND & SPONSOR: KRAKEN

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.

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GO BANKLESS
Don't Miss Another Airdrop!

Thousands of Bankless Citizens scored an average of $3,500 worth of tokens after Ether.fi's airdrop. Did you miss out again?

Ether.fi was in the Bankless Airdrop Hunter, and you could have gotten into the latest drop by following our quests! There are nearly 100 other crypto protocols in Airdrop Hunter waiting for you.

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.