What’s Next for Monad? ($)
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- 🌊 OpenSea Receives Wells Notice from SEC. The NFT marketplace is the latest crypto entity to receive the threat of legal action from the SEC over potential securities violations.
- 🐶 TON Deals with Memecoin-Led Crash. After a six-hour outage, the network's native token is up, and its hottest memecoin is at the head of the pack.
- 🟠 Bitcoin L2 Stacks Activates Nakamoto Upgrade. The long-awaited hard fork has been activated but won't be finalized until the end of a roughly two-week stacking cycle.
📸 Daily Market Snapshot: The crypto market failed to mount a significant bounce-back after yesterday's steep losses. However, TON, which has seen two separate prolonged outages over the past 24 hours, is showing more resilience than most. The native token is one of few that remains in the green on the day, and the DOGS memecoin allegedly causing its network problems is crypto's top trading token, up 22% today.
| Prices as of 6pm ET | 24hr | 7d |
|
Crypto $2.09T | ↘ 2.3% | ↘ 3.2% |
|
BTC $59,017 | ↘ 0.4% | ↘ 3.9% |
|
ETH $2,524 | ↗ 2.8% | ↘ 4.3% |
|
BLUR $0.159 | ↘ 3.8% | ↘ 9.9% |
Slowly but surely, we are inching closer toward one of the most anticipated launches of this cycle — Monad.
The parallelized, EVM-compatible L1, which boasts $225M in funding from Coinbase, Electric Capital, and Paradigm, has been in testnet since March. The chain has already reached 10,000 transactions per second, an achievement that's led to hype around the chain's potential to supercharge DeFi.
With the chain continuing to grow mindshare, more teams are building on it, providing us with an early sense of how Monad’s DeFi landscape will take shape. Let's dig into a few of the hyped, early projects 👇
Cartesi did the hard work, like putting Linux on the blockchain, so that building dApps could be radically simple. Discover a boundless design space for your most ambitious web3 projects.
It’s been a while since former Speaker of the House Paul Ryan was in the public spotlight, but in this episode of Bankless, we discover a surprising stance of his: he’s bullish on crypto!
In fact, he believes that crypto could be crucial in staving off a U.S. debt crisis. We dive deep into his core argument and explore a range of related topics, such as:
- America’s debt crisis
- The potential loss of U.S. reserve currency status
- How crypto could help U.S. stay ahead of China
- Why the left is anti-crypto
- Crypto under Trump vs. Harris
Tune in for a comprehensive look at crypto’s growing influence on U.S. politics and beyond 👇
Each week, Citizens get a curated list of market opportunities that the Bankless team is watching 👇
- 🪪 Claiming a unique base.eth domain
- 🔵 Entering the Based Prize Vault on PoolTogether’s Cabana platform
- 🔥 Exploring Magic Eden’s new Mint Terminal
- 🧙 Playing The Forgotten Runiverse open beta
- ⚙️ Trying leveraged Mellow LRT vaults on Gearbox
- 🪙 Depositing into sky.money for Boosted Token Rewards
- 🎊 Minting Kazoo Legends to try collecting a rare Champion mint