Top AI Coin Catalysts
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Sponsor: Kraken β Sign up for an account and see what crypto can be.
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- π€² Biden May Start Accepting Crypto Donations. Despite his wing's anti-crypto stance, Biden is looking to attract financial support from the industry.
Read more on Bankless.com - βοΈ Paradigm Banks $850 Million for Third Venture Fund. The industry's most prominent venture firm just scored some more cash.
Read more on Bankless.com - π Gary Gensler Still Won't Say ETH is a Commodity. Gensler also said he expects to receive final S-1 forms sometime this summer.
Read more on Bankless.com
πΈ Daily Market Snapshot: Despite further evidence stateside inflation is dampening, altcoins continued their brutal sell-off β 70 of the top 100 tokens are down more than 10% on the week, with 20 down more than 20%.
Prices as of 5pm ET | 24hr | 7d |
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Crypto $2.42T | β 2.4% | β 7.6% |
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BTC $66,737 | β 2.1% | β 5.6% |
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ETH $3,476 | β 2.3% | β 8.4% |
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CRV $0.288 | β 19.9% | β 37.3% |
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AI tokens have dominated the market and mindshare over the past year, leading many to believe that this is the AI x Crypto cycle. In recent months, AI tokens have been on a downward trend, with many down 25-50% from their local highs.
A pullback after a significant run-up can actually be healthy for long-term performance, as it shakes out weak hands and sets the stage for the next phase of the cycle.
The real question is: what's next? What upcoming developments in the top AI x Crypto projects could reignite the fire? Letβs find out! π
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Kraken is one of the largest and most secure crypto platforms in the world. They've been in the crypto game for over a decade, and now they're inviting us all on a journey to see what crypto can be.
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Today on the show, weβre exploring the frontier of ZK Rollups on Bitcoin!
The Bitcoin L2 landscape is standing on the shoulders of a technical implementation called BitVM. We brought Robin Linus, one of the authors of the BitVM white paper, to dive into how BitVM got started, and more importantly, what it means for the future of Bitcoin.
Citizens get access to a Debrief unpacking the episode π
- π₯ Cryptoβs Killer Use Case - Arnav
- πͺ Make Airdrops Great Again - Christian
- π» Ethereum Transactions Over Radio - FOAM
- π΅ Onchain Investigations Handbook 2.0 - officercia.eth
- π± Can SocialFi Disrupt Social Media? - Joan Westenberg
- π» Economics of the AO Computer - OASF
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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.
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.