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Daily Brief

Turning Points Into Profits

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Jul 31, 20252 min read
Turning Points Into Profits
Published on July 31, 2025
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Sponsor: Unichain — Faster swaps. Lower fees. Deeper liquidity. Explore Unichain on web and wallet.

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NEED TO KNOW
'Project Crypto'
  1. 🦅 SEC Chair Atkins Unveils 'Project Crypto'. The commission is ready to go all-in on bringing TradFi markets onchain. Wait, what?
  2. 👩‍⚖️ U.S. Appeals Court Overturns OpenSea Insider Trading Conviction. Former OpenSea exec Nate Chastain's convictions for wire fraud and money laundering have been overturned.
  3. 🤑 Tether Reports $4.9 Billion Q2 Net Profit. The stablecoin giant posted monster profits as it readies new strategies for a post-GENIUS U.S. market.
📸
Daily Market Snapshot: Despite the SEC very much formally ending their antagonistic attitude toward crypto and unveiling their plan to make the industry more institution-ready, crypto markets continued their days-long slide.
Prices as of 4pm ET 24hr 7d
Crypto $3.81T ↘ 0.5% ↘ 0.3%
BTC $116,602 ↘ 0.5% ↘ 1.9%
ETH $3,732 ↘ 1.1% ↘ 0.1%
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CHEAT SHEET
Ethereum OS

Once a week, Citizens get access to the top Market Plays, Hot Reads, Farming Opps, and Airdrop Hunts that our analyst team is tracking! Don't miss out! 👇

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PLAY OF THE WEEK
Monetizing Points Mania with Rumpel
Bankless Analyst: Jack Inabinet

In the evolving world of DeFi, liquidity remains the constant king.

Rumpel is weaving gold from one of the space’s most overlooked commodities: illiquid crypto deposits. Originally launched on Ethereum, the protocol has experienced significant success throughout July off the back of its Hyperliquid deployment, which has captivated DeFi audiences with the novel premise of monetizing previously valueless points on crypto’s hottest blockchains.

Create value from thin air while simultaneously earning points that could position you to receive a future Rumpel airdrop.

Here’s all you need to know to get involved with Rumpel mania. 👇


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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.