p.s. Thanks to Legion. High FDV, low float is over. Legion is a platform for merit-based access to MiCA-compliant ICOs. Check your reputation score and be part of the ICO evolution.
Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.
📈 BlackRock’s Bitcoin ETF Hits Record Volume. IBIT smashes records as BTC pushes to higher highs.
🐕 Dogecoin Moons with Elon Musk in the Limelight. DOGE is trading higher than it has in years, in part thanks to Elon Musk's rising influence.
🔴 MicroStrategy Stock Hits ATH Thanks to Bitcoin Surge. Institutions may take a closer look at BTC, with MicroStrategy's stock on a major rebound.
. . .
MARKET VIBES
Bitcoin Tests $90K
📸 Daily Market Snapshot: Bitcoin is fighting to break through $90,000 as it continues its post-Trump surge. With record ETF volumes, more MicroStrategy buys, and signs of returning retail interest, bitcoin pumped to just shy of the milestone this week, resting at $89,956. How long until it pumps to $100K?
Prices as of 5pm ET
24hr
7d
Crypto $2.96T
↘ 0.2%
↗ 28.7%
BTC $88,650
↗ 0.6%
↗ 27.6%
ETH $3,284
↘ 1.7%
↗ 35.5%
HNT $5.94
↘ 7.8%
↗ 1.6%
🔵
New Token Rating: Helium’s price has been fairly stagnant since the announcement of its partnership with Telefonica. Could continued growth in Helium mobile users and strategic partnerships set Helium up for a breakout?
Ethereum’s underperformance over the past two years post-Merge has triggered plenty of community concern around potential narrative weakness stemming from the prioritization of a rollup-centric roadmap.
In hopes of presenting Ethereans at DevCon with a new technical north star to rally around, prolific Ethereum Researcher Justin Drake unveiled his proposal for a major rehaul of the Ethereum consensus layer, dubbed Beam Chain.
tl;dr Beam Chain is a proposed endgame solution for Ethereum’s consensus layer that will “SNARKify” the state transition function to:
Enable 4-second slot times and single-slot finality
Retain or improve upon current decentralization guarantees
Mantle kickstarts Season 1 of Methamorphosis. Building on the success of their Liquid Staking Token, mETH, Mantle LSP announces plans for a new Liquid Restaking Token, cmETH, along with a governance token, COOK. With Methamorphosis, participants can now farm Powder for future COOK tokens and position themselves early for upcoming cmETH release.
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.
