Trump's Crypto Switch-Up ($)
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Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.
- 🌍 Trump Credits NFT Sales with Shifting Position on Bitcoin. The WLFI 'Chief Crypto Advocate' said his about-face on Bitcoin came from buyers flocking to his NFT projects.
- 🗳️ Wintermute to Launch New U.S. Election Prediction Market. The trading firm is taking on Polymarket and leveraging Chaos Labs’ Edge Proofs Oracle for data accuracy.
- 🍽️ SEC's $750K Flyfish Club Settlement Sparks NFT Debate. The SEC's Hester Peirce and Mark Uyeda have had enough.
📸 Daily Market Snapshot: Bitcoin pumped 5%, climbing above $61K briefly, on Tuesday as investors bet on odds that a potential quarter-point or half-point rate cut would move investors back into risk-on assets like crypto.
| Prices as of 6pm ET | 24hr | 7d |
|
Crypto $2.09T | ↗ 3.4% | ↗ 3.5% |
|
BTC $60,209 | ↗ 3.9% | ↗ 4.8% |
|
ETH $2,345 | ↗ 2.6% | ↘ 1.2% |
|
STRK $0.379 | ↗ 3.1% | ↘ 5.0% |
U.S. presidential hopeful Donald Trump appeared live on X last night where he aimed to both lock in the crypto vote and launch his latest onchain foray, World Liberty Financial (WLFI).
Although he may have occasionally promoted anti-crypto sentiment while largely failing to implement beneficial policies for the industry during his prior stint as POTUS, Trump’s collection of NFT trading cards, big-picture promises to promote crypto-aligned interests, and now endorsement of WLFI have galvanized support for the controversial candidate among Americans within the crypto community.
Today, we’re unpacking everything you need to know about the Trump-associated WLFI 👇
Mantle kickstarts Season 1 of Methamorphosis. Building on the success of their Liquid Staking Token, mETH, Mantle LSP announces plans for a new Liquid Restaking Token, cmETH, along with a governance token, COOK. With Methamorphosis, participants can now farm Powder for future COOK tokens and position themselves early for upcoming cmETH release.
Are L2s bringing value back to Ethereum?
Today, Steven Goldfeder, co-founder of Offchain Labs (the team behind Arbitrum), joins us on the podcast to dissect some of the biggest controversies around Ethereum L2s.
From governance challenges to scaling innovations, Steven offers a nuanced perspective on the role of L2s in the broader Ethereum ecosystem and sheds light on some of Arbitrum's cutting-edge advancements.
Hear all of the analysis! 👇