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Daily Brief

Was Vitalik Wrong?

gm Bankless Nation, Vitalik has warned against simple pro-crypto politics, but what if he's wrong?
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Jul 19, 2024 β€’ 4 min read
Was Vitalik Wrong?
Published on July 19, 2024
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NEED TO KNOW
Biggest IT Outage Ever?
  1. 🀯 CrowdStrike update causes chaos. A defective update from the popular cybersecurity company has bricked computers worldwide.
    Read more on Bankless.com
  2. πŸ“± Telegram announces Mini App Store. Telegram founder and CEO Pavel Durov revealed a planned push to boost crypto apps.
    Read more on Bankless.com
  3. 🌌 Galaxy Digital's new acquisition. Galaxy has upped its ETH staking capabilities by acquiring the CryptoManufaktur node operator.
    Read more on Bankless.com

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MARKET VIBES
Bullish BTC Reserves

πŸ“Έ Daily Market Snapshot: Rumors are growing that Trump plans to create a strategic reserve of bitcoin in the U.S., and crypto markets are responding bullishly, with BTC, ETH, and SOL decidedly green on the day. It's an open question whether this plan will come to fruition, or how it would come to pass. Yet if it does happen, it'd certainly be the biggest pro-crypto move to date on the international stage, and likely a huge catalyst for crypto markets. Traders seem to be prepping now just in case.

Prices as of 4pm ET 24hr 7d
Crypto $2.4t β†— 4.8% β†— 14.0%
BTC $67,337 β†— 5.8% β†— 16.7%
ETH $3,524 β†— 3.4% β†— 12.9%
BNB $596 β†— 4.9% β†— 12.0%

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New Token Rating: Binance U.S. just received court approval to invest customer fiat funds into short-term Treasury bills. Will this development yield any implications for the Binance-associated BNB token?
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OPINION
In Defense of the Single-Issue Crypto Voter
Guest Post: Viktor Bunin

As America's Presidential election approaches, crypto participants are seeing the Republican party rally around pro-crypto messaging.

In today's guest post, Coinbase protocol specialist Viktor Bunin reacts to Vitalik Buterin's latest, much-talked-about blog cautioning full support of political candidates over their views on crypto policy. Bunin doesn't agree with him.

Read his full opinion in today's guest postπŸ‘‡


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LATEST POD
Making America Pro-Crypto

Is the U.S. flipping pro-crypto? Today, we talk to Arkansas Congressman French Hill about the country's prospects to move in that direction.

The United States has either been anti-crypto or neutral since the birth of Bitcoin. That’s starting to change. For the first time, we actually have momentum in D.C. There will be many battles ahead, but right now, crypto is making progress.

What would a pro-crypto America look like? What laws do we need to pass to get there? Who do we still need to convince, and how close are we?

Hear all of their analysis! πŸ‘‡

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INVEST
This Week's Yield Opps

Each week, Citizens get a curated list of yield opportunities that the Bankless team is watching. As a free subscriber, you're missing out! πŸ‘‡

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GO BANKLESS
Don't Miss Another Airdrop!

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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.

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