Why is Trump Pro-Crypto?
View in Browser
Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.
- 🐘 Trump Discloses His Crypto Holdings. Trump has banked millions off of his NFT collections, but he also holds other assets.
- 🛑 MakerDAO Halts New WBTC-Backed Loans. Concerns around new BitGo deal prompt MakerDAO contributors to take action.
- ⛽️ ETH Gas Fees Hit 5-Year Low. ETH gas fees are bottoming out; could this signal a coming boon in activity?
📸 Daily Market Snapshot: It was the S&P 500's best week of 2024 as markets fully walked back the early August sell-off. The redemption run hasn't come for crypto yet; BTC continues to flirt with $60K but remains down on the week. Meanwhile, memecoins have been hit hard this week, with WIF down 22%, BRETT down 15%, and PEPE down 13%.
| Prices as of 3pm ET | 24hr | 7d |
|
Crypto $2.08T | ↗2.2% | ↘1.4% |
|
BTC $59,478 | ↗2.8% | ↘1.4% |
|
ETH $2,618 | ↗2.6% | ↗1.3% |
|
FTM $0.374 | ↗1.4% | ↗11.9% |
How in the world did Trump pivot to being pro-crypto?
David Bailey is the CEO and co-founder of Bitcoin Media, which you might also know as Bitcoin Magazine. He has just finished throwing the Bitcoin 2024 Conference. He’s been in Bitcoin since its inception and he’s now at the forefront of the world of politics where Bitcoin has been meaningfully intersecting with the Trump Administration.
We talk mostly about Trump and his crypto policies. We then contrast it with Kamala Harris and the Democrats. And we finish with why David is so damn bullish on Bitcoin.
Hear all of the analysis👇
We're still hard at work keeping our dozens of free Bankless Guides updated with the hottest new info regarding crypto's most critical ecosystems.
Recently, we've been focused on making sure our Bitcoin-related walkthroughs are up-to-date. In the past couple weeks, we've shipped updates to our Lightning Network and Stacks L2 guides, where we highlight top projects, top wallets, and the top reasons to care.
Check out the free guides 👇
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.
Each week, Citizens get a curated list of yield opportunities that the Bankless team is watching. As a free subscriber, you're missing out! 👇
Thousands of Bankless Citizens scored an average of $3,500 worth of tokens after Ether.fi's airdrop. Did you miss out again?
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.