Why Bubbles Are Good
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- 🟠 Justin Sun's wBTC Involvement is 'Unacceptable Risk,' Coinbase Says. Coinbase responded to BiT Global's lawsuit over its wBTC delisting with some harsh words.
- 🏦 Deutsche Bank Unveils ZKsync-Based Layer 2. Banks are testing out L2s as they look to create a permissioned blockchain future for finance.
- 🌉 Polygon Faces Proposal Pushback and Aave Fallout. Polygon community rejects controversial $1B+ yield proposal.
📸 Daily Market Snapshot: Bitcoin retraced the week's gains and tested the $100K barrier, flushing out hundreds of millions in high-leveraged longs. Meanwhile, ETH shed 5% in an afternoon plunge. It wasn't all bad news, though, as fartcoin rose to a $1B market cap shortly (before a flash crash took the memecoin down nearly 20%).
| Prices as of 6pm ET | 24hr | 7d |
|
Crypto $3.49T | ↘ 5.6% | ↘ 3.3% |
|
BTC $100,735 | ↘ 5.1% | ↘ 0.6% |
|
ETH $3,647 | ↘ 5.8% | ↘ 5.1% |
The AI Agent meta is one of crypto's most popular rising trends, and it's uniquely native to Twitter/X, with most agents treating the platform as their playground.
We've been following this new space closely as we aim to quickly build up our coverage of the top figures and tokens in the industry. There's a lot of noise out there, so today, we're sharing some of the social accounts that have been helping us stay close to the cutting edge.
Here are 16 particularly notable accounts to follow (in no particular order!) 👇
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How can economic bubbles be good for the world?
Byrne Hobart is a financial analyst known for his newsletter "The Diff" which covers tech, trends, and economics. Byrne has been on the periphery of crypto for longer that this podcast has existed
In this podcast, we discuss the book he has co-authored, Boom: Bubbles and the End of Stagnation, where he makes the case for why human progress has stagnated and why speculative bubbles might be the only way out.
Get the full analysis! 👇
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.