gm Bankless Nation, When major unexpected events occur across the globe, the uncertainty is often reflected in the price movements of bitcoin. But is BTC poised to grow into a safe haven from risk?
Today's Issue ⬇️
☀️ Need to Know: EU vs. Tether? MiCA regulations threaten USDT
👨🌾 Invest: Yield Opps The yields we're watching this week.
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🇪🇺 EU Regulators Force Coinbase Removal of 'Non-Compliant' Stablecoins. Tether's USDT could soon be delisted by Coinbase as MiCA regulation goes into full effect.
🟠 IMF Urges El Salvador to Scale Back Bitcoin Adoption. The International Monetary Fund is sounding alarms around President Bukele's BTC push.
💪 September U.S. Jobs Numbers Push Crypto Prices Higher. A resilient labor market could complicate Wall Street's expectations for aggressive rate cutting.
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LATEST POD
Bitcoin & World War Threats
In the latest Rollup, we discuss escalating global tensions and their impact on crypto markets, questioning whether Bitcoin is a risk-on or risk-off asset in times of instability.
We also cover legal developments around Tornado Cash, the potential for an XRP ETF amid SEC scrutiny, and Visa’s new fiat tokenization platform on Ethereum. Plus, don’t miss details on the upcoming Kain vs. David fight at Permissionless!
📸 Daily Market Snapshot: The crypto market wrapped the week on a high note as tokens pumped across the board, largely driven by positive reactions to the latest U.S. jobs numbers.
Prices as of 5pm ET
24hr
7d
Crypto $2.17T
↗ 2.8%
↘ 6.5%
BTC $62,322
↗ 2.6%
↘ 5.4%
ETH $2,427
↗ 3.7%
↘ 9.9%
APT $9.11
↗ 7.5%
↘ 8.8%
🌊
New Token Rating: Aptos Autumn appears to be off to a successful start; its token is up 18% since the season commenced last week. How will APT perform in the weeks to come?
Blur has had a rough 2024. The exchange saw gains and losses from its close association with the Blast L2, and the NFT market hasn't exactly been killing it lately either. But this has been a big month for BLUR's token, up a whopping 44% during a period where ETH has stayed flat.
In our latest update to Bankless Guides, we've shipped a new version of our Blur primer, capturing its activity, functionality, and future prospects.
Kraken is one of the largest and most secure crypto platforms trusted by over 13 million people from around the world. Whatever trading strategies you’ve got in your playbook, Kraken gets you started with as little as $10.
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.
