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Daily Brief

Tokenize Everything

gm Bankless Nation, Real World Assets in crypto are having a great year, but is this just the beginning?
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May 8, 20243 min read
Tokenize Everything
Published on May 8, 2024
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Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.

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TAKE ACTION
Unlock Degen Investing Opps

In less than 24 hours, we'll be dropping a report highlighting 8 Degen Opportunities across DeFi, NFTs and memecoins that our in-house analysts see as high-risk, high-reward plays for crypto investors. This report is for Bankless Citizens only!

This is your final call. You have ⏰ 24 hours left ⏰ to upgrade to Bankless Citizenship before we release our report.

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NEED TO KNOW
Biden Stands Against Crypto
  1. 👎 Joe Biden ready to veto pro-crypto bill. With the House readying a vote to oppose an SEC crypto accounting policy, Biden made it clear he'll be vetoing the bill if it hits his desk.
  2. 🤔 FTX expects to distribute $16.3B in assets. If the plan is approved by the bankruptcy court, most creditors will receive 118% of the cash value of their claims, though this is hardly a win for investors losing out on substantial crypto gains.
  3. 💳 Vitalik proposes EIP-7702. Buterin made an alternative proposal to EIP-3074 which aims to evolve account abstraction and level-up the capabilities of EOAs while maintaining compatibility with ERC-4337.
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TODAY IN MARKETS
Ethena's Bullish Pump

📊 Ethena catalysts. Many crypto tokens are finding themselves in the red, but Ethena’s ENA has managed to defy the trend, up nearly 10% to start the week! What is causing ENA’s outperformance, and is the catalyst sustainable?

Prices as of 5pm ET 24hr 7d
Crypto $2.27T ↘ 2.3% ↗ 4.1%
BTC $61,625 ↘ 2.2% ↗ 6.5%
ETH $2,977 ↘ 2.3% ↗ 0.5%
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ANALYSIS
Mapping the RWA Landscape
Bankless Author: Arjun Chand

Are real-world assets crypto’s next frontier?

Real World Assets (RWAs) are the talk of the town. Big names like BlackRock are getting into RWAs, Tether is rolling out its own platform, and the numbers are impressive too – RWA tokens reached a record market cap of $2.7 billion in February.

Today’s story gives a rundown of the RWA landscape, highlighting the different types of real world assets being tokenized and the standout projects to keep an eye on.

Let’s dive in! 👇


FRIEND & SPONSOR: MANTLE

Mass adoption of token-governed technologies. With Mantle Network – an Ethereum rollup, Mantle Treasury, and a token holder governed roadmap for products and initiatives.

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LATEST POD
BTC's 2024 Revolution

What’s the endgame for Bitcoin scaling? That’s what we asked Bitcoin builder and researcher Eric Wall. 

We started off our conversation exploring the evolution of Bitcoin and the genesis of scaling solutions on top of it. We then got into the intricacies of the BitVM, what exactly a Bitcoin L2 is, and what’s coming next.

Bankless Citizens get an exclusive Debrief of the episode 👇

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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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