📈 Ethereum Futures Open Interest Booms. ETH futures open interest has surged to a new high of $20.8 billion, with positive funding rates and record leverage ratios indicating traders are heavily betting on rising ETH prices.
🚀 Solana Hits Record High Over $260. Two years after plunging to $8 during the FTX collapse, SOL has soared to a new all-time high above $260 following a 386% year-over-year surge.
❎ Polymarket Blocks French Traders. The predictions marketplace has restricted access for French users following an investigation by France’s national gaming authority, the ANJ, over compliance with gambling laws.
. . .
MARKET VIBES
Alt L1s Pump
📸 Daily Market Snapshot: Is it 2021 again? Last cycle's retail favorites— including XRP, EOS, Stellar, Cardano, and Sologenic—litter the top gainers board today. Meanwhile, BTC is sitting just under $100k, and Jim Cramer finally flipped bullish after urging investors to exit at the pico-bottom. It's beginning to look like the next big bull run might just be getting started.
Prices as of 1pm ET
24hr
7d
Crypto $3.3t
↗ 1.2%
↗ 11.5%
BTC $98,999
↗ 0.7%
↗ 10.3%
ETH $3,297
↘ 1.6%
↗ 8.6%
MORPHO $0.93
↘ 21.7%
↘ 45.4%
🦋
New Token Rating: Lending protocol Morpho enabled transferability on its token yesterday. How does this investment shape up against Aave?
With its QR-code connections and end-to-end encryption, WalletConnect has become a cornerstone for crypto users linking wallets to dapps.
But the buzz doesn't stop there.
The launch of WalletConnect’s native token, WCT, brings staking rewards, governance potential, and airdrop opportunities into the mix to unlock a new layer of utility for onchain adventurers.
Ready to secure your WCT bag? Let’s explore how Bankless Citizens can tap into a simple opportunity to earn 50k WCT! 👇
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.
🧑🌾 Farming Alpha: Each week, Citizens get a curated list of yield opportunities that the Bankless team is watching. As a free subscriber, you're missing out! 👇
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.
