🌝 ETH cracks $4,000. Ethereum briefly touched above $4,000 for the first time since 2021, meanwhile BTC pushed to new highs of $70,330.
🤠 Wyoming rolls out DAO law. WY's governor just signed a new law that helps DAOs achieve status as legal entities in the state, earning them certain legal protections.
🤔 Gary gives investing advice. Gensler is losing the battle against crypto, but in an interview this week, he tried to frame crypto's massive gains as another weakness.
. . .
TODAY IN MARKETS
Crypto's Dream High
📊 Another breakout tease. Bitcoin yet again battered itself against all-time highs, breaking through the memetic level of $69,420 for the first time ever and ticking $70k before wicking down 4% to $67k within the next two minutes and continuing to bleed out to a low of $66k and rebounding as the day progressed.
While fresh all-time highs remain out of reach for the majority of alts that existed during the peak of last cycle’s bull market, many tokens, including ETH and SOL, achieved new cycle highs today!How has Bitcoin’s rally to new highs and subsequent retreat impacted the broader market?
Read on for more market analysis + our favorite chart and tweet of the day 👇
During such times, when each piece of news can swing prices, projects often get hand-wavy with the use of buzzwords to latch onto a strong narrative.
This Bankless glossary is your cheat sheet to cut through the noise and decide if a project truly has substance. We hope it serves as a valuable resource for you as you research and pick your winners for this cycle.
We break down 12 crypto investing narratives, including:
SynFutures is Blast’s largest perps DEX with 140,000+ users. Backed by Pantera, Polychain, Standard Crypto, and more, V3 introduces oAMM, an onchain order book with a CLAMM. Stack Blast and SynFutures rewards while experiencing the most capital-efficient trading in DeFi derivatives.
Justin Sun, the controversial founder of Tron, has finally entered the chat.
We press the combative billionaire on what he's building, why he's still here, and what comes next. Click in for his views on Bankless, Vitalik, and Ethereum.
Bankless Citizens get Early Access to our Monday podcast and an exclusive Debrief conversation unpacking the episode 👇
It’s not every day that one of the biggest blockchains in the world undergoes a major evolution.
That’s why all eyes are on Ethereum right now, as the leading smart contract platform is undergoing a huge upgrade next week that will intro an unprecedented mechanism: blobspace.
Not financial or tax advice. Bankless content 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 we may add links in this newsletter to products we use. We may receive a commission if you make a purchase through one of these links. Additionally, the Bankless team holds crypto assets.
