gm Bankless Nation, Welcome back to the Citizen Daily Brief. Recession fears are in the air; upgrade to see investment plays that can help minimize the onchain pain.
Today's Issue ⬇️
☀️ Need to Know: Trump + Binance? Trump family may want piece of Binance.US
✍️ Cheat Sheet: BTCFi Season Opps, reads, yields, and airdrops.
🤑 Trump Family Reportedly Held Talks for Binance.US Investment. The WSJ report also cited that CZ was trying to get a pardon out of the deal, a claim he denied on X.
🏆 MoonPay Acquires Stablecoin Infra Company Iron. The acquisition is the latest signal from crypto's power players that stablecoins are already big business, The Block reports.
🪐 Aave Launches 'Horizon' Initiative to Onboard Institutions to DeFi. The DeFi stalwart is doubling down on real-world assets with their latest launch.
📸
Daily Market Snapshot: Wall Street's slump continued Thursday as new life was breathed into recession fears and stock indices dropped in a volatile trading session as a result. The Nasdaq Composite fell 2%, the S&P 500 sank 1.4%, and the DJIA dropped 1.3%.
Prices as of 7pm ET
24hr
7d
Crypto $2.63T
↘ 2.0%
↘ 10.4%
BTC $81,248
↘ 2.8%
↘ 10.2%
ETH $1,879
↘ 1.6%
↘ 15.4%
. . .
CHEAT SHEET
BTCFi Season
Every Thursday, Citizens get access to the top Market Plays, Hot Reads, Farming Opps, and Airdrop Hunts that our analyst team is tracking! Don't miss out! 👇
Global economies have been flashing with intermittent warning signs of stagnation for months, and official inflation data is still running too hot.
Investors are hoping that President Donald Trump’s administration can ignite a new golden era of American economic dominance, but at the moment, even his own administration is sounding the alarm. One top Trump cabinet official recently signaled that the president’s tariff policies – which have received much of the blame for the recent selloff – will be “worth it,” even if they lead to a recession…
Markets are hoping for better times ahead, but savvy investors know to get the sails up when rough winds start blowing. Before the storm hits, arm yourself with these seven sizzling onchain strategies to help reduce potential portfolio downside.
Here's where I'm looking for refuge in this choppy market👇
You may have heard about the VIX, a popular “fear gauge” that measures the market’s expectations for movements in the S&P 500 index, but did you know that a similar product exists for crypto markets?
Crypto Volatility Index (CVI) is a decentralized index that tracks implied volatility on major cryptocurrencies – primarily BTC and ETH – and allows traders to profit from unexpectedly sharp swings in market prices.
The most recent iteration of CVI offers up to 16x leverage and introduces Ultra CVI, a new token that offers 3x the volatility exposure of CVI. By using native leverage in combination with Ultra CVI, speculators can amplify their volatility exposure up to 48x compared to the base CVI index.
Upgrade to see the six other onchain strategies! 👇
Explore 300+ assets on Uphold. Trade, swap & hold – all in one place. In the US? Earn rewards, including rewards on stablecoins, exclusive insights, and early token access—just by staying active. Terms apply. Don’t invest unless you’re prepared to lose all the money you invest.
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.
