gm Bankless Nation, it was a brutal weekend for ETH prices, and traders spent Monday picking up the pieces as they looked at how to play the trade wars trade.
gm Bankless Nation, It was a brutal weekend for ETH prices, and traders spent Monday picking up the pieces as they looked at how to play the trade wars trade.
Today's Issue ⬇️
☀️ Need to Know: ETH Plunge What triggered the sell-off?
😭 Ethereum Dives 18% as Tariffs Spark Massive Liquidations. Some buyers believe a major player or fund was liquidated, triggering the price drawdown.
🛑 MicroStrategy Pauses Bitcoin Buying. Michael Saylor hits pause on his BTC accumulation and share issuance.
🤝 Trump's World Liberty Reportedly Explores Token Swap Deals. WLFI may soon be pursuing token swaps as a path toward diversifying its treasury and boosting fees.
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Daily Market Snapshot: Late Sunday, ETH saw the mother of all red candles as the price dropped from $3,000 to just over $2,100 in the course of a few hours. The rapid pace of the drawdown triggered rumors that a major player had just been liquidated, but despite a few fund names being tossed around, the scale of the liquidations was still unknown by Monday but likely measured in the billions of dollars.
Memecoin launchers have been some of the busiest platforms of this cycle, but they're not perfect. Platforms like Pump.fun have excelled at printing money from trading fees, but that dynamic has left creators earning less and short on options to raise funds on these platforms without dumping coins on their communities. Not ideal.
The good news is that numerous builders are exploring new dynamics to address these issues. One project showing the path forward here is Flaunch, which just launched atop the new Uniswap v4 protocol on Base.
Let's explore what makes Flaunch different and how you can launch a memecoin on the new platform 👇
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.
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.
