🇺🇸 Harris Makes First Comments About Crypto Plans. The sitting VP mentioned 'digital assets' as an area to encourage innovation but didn't mention specifics.
🍾 SEC Approves Bitcoin ETF Options on BlackRock's IBIT. The SEC lets investors get more creative with their Wall Street bitcoin bets.
📸 Daily Market Snapshot: ETH's price is up 16% week-over-week, climbing out of early September's depression while inching back up above the 0.040 ETH/BTC ratio it dipped below more than a week ago. Is this growth a sign of renewed enthusiasm or merely a signal that investors were getting irresponsibly bearish on the asset?
Prices as of 6pm ET
24hr
7d
Crypto $2.23T
↗ 1.2%
↗ 10.4%
BTC $63,315
↗ 1.0%
↗ 9.2%
ETH $2,654
↗ 4.4%
↗ 16.0%
TAO $546
↗ 18.6%
↗ 91.1%
🤖
New Token Rating: Crypto’s bull market appears to be coming into full swing. Why could TAO be a prudent diversifier to your crypto portfolio?
Recently, Ethereum creator Vitalik Buterin pointed to Taiko as a good example of a “based rollup.” This kind of L2 is a newer approach, but what does it mean?
Of course, a rollup is an L2 that processes Ethereum transactions offchain and then posts data back to the Ethereum mainnet (a.k.a. L1) for security. Accordingly, based rollups are a newer concept in the rollup space. The key characteristic of a based rollup like Taiko is that it uses the Ethereum L1 for sequencing transactions.
Say hello to the Uniswap Extension, the first wallet to live in your browser’s sidebar. Swap, sign, send, and receive crypto anywhere on the web without dealing with pop-ups. Designed for a multi-chain world, with support for 11+ networks.
Is Ethereum’s Rollup-centric roadmap a Queen Sacrifice blunder? That’s the core question the industry is asking, and Bankless has aired some of the dissent. Today’s episode voices a counter to the doubters.
Mike Neuder is an Ethereum developer and previous Bankless guest. He thinks the Ethereum roadmap is pretty great as is. His message is to stay the course, play the long game, and watch ETH grow in value as a monetary asset as the Ethereum economy grows across L2s.
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.
