gm Bankless Nation, it's been a volatile season for ETH — not just for price but for the sentiment around Ethereum as a movement. Today, David and Ryan dig into the big question: are we on the right path?
gm Bankless Nation, It's been a volatile season for ETH — not just for price but for the sentiment around Ethereum as a movement. Today, David and Ryan dig into the big question: are we on the right path?
Today's Issue ⬇️
☀️ Need to Know:Exec Freed Binance exec released from Nigeria.
🇳🇬 Charges Dropped Against Binance Exec Detained in Nigeria. A Nigerian court finally ordered the release of Binance's Tigran Gambaryan, dropping money laundering charges against him.
🙅♂️ Vitalik Slams Michael Saylor's Self-Custody Critiques. Buterin calls out Michael Saylor's comments on Bitcoin self-custody being for the “paranoid.”
🟠 Bitcoin Mining Difficulty Hits New All-Time High. The latest trend in mining difficulty has analysts forecasting positive price action.
. . .
GO BANKLESS
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📸 Daily Market Snapshot: Bitcoin retreated from its steady march to $70K Wednesday as the crypto market fell 2% just as Wall Street saw losses tied to skittish traders reacting to rising bond yields. ETH's 4.5% slide was among the worst hits to the market, though for the second day in a row, APE topped the 1D losers, down nearly 8%.
Prices as of 5pm ET
24hr
7d
Crypto $2.29T
↘ 1.7%
↘ 1.7%
BTC $66,523
↘ 1.5%
↘ 2.0%
ETH $2,512
↘ 4.6%
↘ 4.3%
MAGIC $0.393
↘ 3.1%
↗ 11.9%
🐰
New Token Rating: Treasure ranked as one of crypto’s preeminent gaming collectives last cycle, but in recent months, its token has been a major underperformer. Can a ZKsync migration make MAGIC?
In this episode of Bankless Takes, we dive into the growing sentiment that Ethereum is losing its edge, with its roadmap straying and competitors catching up. We’ve spent a long time evaluating these arguments, and today, we give our take on the Ethereum Roadmap Wars. This is our best take on how the debate unfolds and why, in the end, we’re still bullish on Ethereum’s future.
Staking is big business, and while Lido is leading the charge, there are plenty of other competing protocols gunning for the top spot.
Our latest Bankless Guide update zeroes in on the Rocket Pool protocol, highlighting where it stacks up against the competition and what other details you need to know to get started. 👇
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.
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.
