🇰🇷 South Korea Looking To Ease Institutional Crypto Ban. South Korea's Financial Services Commission takes a positive step forward.
💸 Coinbase Brings on Team at 'Onchain Browser' Roam. The deal tasks the startup's team with accelerating Coinbase's consumer onchain efforts.
📢Gary Gensler Discusses Crypto’s Future in Bloomberg Interview. The outgoing SEC chairman criticized the crypto space as one 'rife with bad actors.'
. . .
MARKET VIBES
Hype Drawdown
📸 Daily Market Snapshot: The week turned red for a number of top assets as bearish CT users began to call the top on a number of hyped trends. With Virtuals down 21% week-over-week amid its breakneck run, other big losers include Hyperliquid's HYPE which continues to face controversy as it balances a $22B FDV and 600% gains since launch.
Prices as of 7pm ET
24hr
7d
Crypto $3.32T
↘ 1.9%
↗ 0.7%
BTC $95.153
↘ 1.8%
↗ 0.2%
ETH $3,330
↘ 1.4%
↘ 0.6%
MOVE $0.909
↘ 8.5%
↗ 5.3%
➡️
New Token Rating: Movement Labs – the development group behind the analogously named Movement blockchain ecosystem – is raising fresh funds! Which way might its token MOVE next?
In anticipation of BIO Protocol’s token launch last Friday, DeSci tokens mooned.
This surge has continued through BIO’s launch as the lines between frontier tech like DeSci and AI continue to blur, mixing to manifest in large bids for tokens linked to these technologies. As a critical hub for DeSci funding, BIO’s launch holds promise, fanning the flames of this extremely experimental sector and drawing more attention and capital to DeSci over time.
In today's article, let's zoom into BIO Protocol, how it works, the challenges it seeks to tackle, and the moonshot DAOs operating under its umbrella. Then, let's expand beyond its ecosystem to explore other DeSci projects that approach the narrative from unique angles and offer additional tools or use cases for transforming scientific collaboration and funding.
Dig in to see how BIO works and what other efforts are taking off 👇
Season 2: Methamorphosis is now live on mETH Protocol, following the launch of their governance token, COOK, and cmETH, the liquid restaked version of mETH. With cmETH, holders can enjoy yields across multiple restaking protocols like Karak, EigenLayer, Symbiotic, while earning Powder for more COOK.
David and Ejaaz are joined by Jeffy and Tint, creators of Zerebro—an autonomous AI agent that composes rap tracks, launches NFTs, and even minted its own token by hijacking Jeffy’s computer. This on chain sensation transcends mere GPT wrappers, forging a bold new path for AI in crypto.
How does an AI manage cross-chain finances, get deplatformed by Spotify, and still power a no-code framework for agent creation? We explore Zerebro’s role in reshaping digital commerce and creativity, and what it means for the future of decentralized intelligence.
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.
