The Blast Airdrop Opp ($)
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gm Bankless Nation,
Investors have dumped $630 million into Blast. Are they crazy?
Today's issue ⬇️
- ☀️ Need to Know: Saylor Spends
MicroStrategy adds $600M in BTC. - 📊 Today in Markets: An Atom Split?
Is Cosmos Hub headed for conflict? - 🗞️ Analysis: The Blast Opportunity
Is this TVL monster worth tossing ETH at? - 🎧 Pod: Property Rights Masterclass
An economist unpacks tokenization. - 🏹 New Airdrop Hunt: Blast
Yes, it seems insane, but is there an opportunity? 👀
p.s. Thanks to NEAR: NEAR DA is 8,000x cheaper than Ethereum DA.
Sponsor: NEAR DA
Enhancing data availability for Ethereum rollups at a fraction of the cost.
- 💰 Saylor doubles down again. Where is MicroStrategy getting all this cash? They just bought another $600 million worth of BTC.
- 🇧🇷 Brazil goes after crypto taxes. The Brazilian Senate's new income-tax regulation slaps up to a 15% tax on crypto held on intl exchanges.
- 🥷 KyberSwap hacker makes demands. The exploiter behind a $47 million hack has made his non-negotiable demand: a total takeover.
📊 Troubled Cosmos. The Cosmos Hub (ATOM) is undergoing major changes. Token holders voted to cut ATOM inflation in half last week, but not everyone is happy: ecosystem leadership is now advocating for a chain split! Where’s the ATOM opportunity?
| Prices as of 4pm ET | 24hr | 7d |
|
Crypto $1.42T | ↗ 0.5% | 0.0% |
|
BTC $37,751 | 0.0% | ↗ 1.4% |
|
ETH $2,046 | ↗ 0.8% | ↘ 1.1% |
In what feels like a true return to bull market degeneracy, investors have pumped $630 million into a pre-launch L2. There's plenty of controversy surrounding the chain, but is Blast getting a bad rap?
Read the full free analysis on our website👇
Meet the NEAR Data Availability (DA) layer — part of NEAR’s Open Web Stack. NEAR DA enables modular blockchain development. Get cost-effective, reliable data availability for Ethereum rollups. 100kB of call data is 8,000x cheaper on NEAR — $0.0003 versus $26.22 on Ethereum. Launching an app-chain or L2? Get NEAR DA support. Join NEAR DA’s first users: Madara by StarkNet, Caldera, Fluent, Vistara, Dymension, and Movement Labs.
Bankless is joined by economist Hernando De Soto, who asks the tantalizing question, "What is Property?" Bankless Citizens also get exclusive access to Ryan and David's debrief of the episode 😎
Here's everything you want to know 👇
We've added Blast to Airdrop Hunter. The much-hyped, much-critiqued, yet-to-be-launched L2 with native yield has been attracting airdrop hunters a plenty, and it's our latest addition. Check it out! 👇
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.