XRP's Unlikely Pump ($)
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Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.
- 🏆 SEC Drops Investigation into Stacks Bitcoin L2. The three-year investigation into Hiro Systems and STX has been abandoned by the SEC.
Read more on Bankless.com - 💵 MakerDAO’s $1B Tokenized Treasury Plan Attracts Big Interest. The $1B effort aims to reshape the protocol's reserve strategy.
Read more on Bankless.com - 🆙 Wholesale Price Inflation Accelerates in June. Consumer prices declined in June, but producer prices came in hotter than expected.
Read more on Bankless.com
📸 Daily Market Snapshot: Germany's war on BTC prices appears to be over after days of unloading billions of dollars in BTC onto the markets. Bitcoin was relatively flat on the day. Meanwhile, XRP continues to outpace BTC as it has for the past month. Will it continue?
| Prices as of 4pm ET | 24hr | 7d |
|
Crypto $2.15T | ↗0.6% | ↗3.9% |
|
BTC $57,754 | ↗0.4% | ↗2.0% |
|
ETH $3,122 | ↗0.2% | ↗4.3% |
|
XRP $0.468 | ↗4.7% | ↗10.1% |
Solana's resilience has been the story of the cycle.
We've just updated our Bankless Guide on the hot L1 blockchain with details on its foundation, momentum, and future catalysts worth watching. Check out the free guide to see some of the top projects we're watching on the chain.
Dig into Solana👇
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.
🧑🌾 Farming Alpha: BTC yields are abysmal this week, but price volatility allowed variable rates on top Curve pools to remain healthy. Pendle continues offering a variety of attractive fixed-rate alternatives.