👨⚖️ FTX Co-Founder Sentenced. Gary Wang will not face prison time in connection with his role at the collapsed crypto exchange.
. . .
MARKET VIBES
Bitcoin ATH Again
📸 Daily Market Snapshot: While upside was nonexistent for many crypto tokens today, bitcoin achieved new all-time highs just below $95K on news that MicroStrategy will accelerate its cash raise to buy even more BTC.
Prices as of 6pm ET
24hr
7d
Crypto $3.04T
↘ 0.6%
↗ 4.9%
BTC $94,004
↗ 0.9%
↗ 4.4%
ETH $3,057
↘ 2.4%
↘ 3.5%
. . .
OPINION
How Trump’s SEC Pick Could Reshape Crypto Regulation
President-Elect Donald Trump stole the crypto industry’s heart with promises to end the Biden Administration’s anti-crypto crusade and “fire” SEC Chair Gary Gensler on day one.
While Trump has yet to propose a Gensler replacement and his ability to relieve sitting SEC commissioners appears legally dubious, crypto participants are nonetheless ecstatic about prospects that a new SEC chair will soon alleviate one of the industry’s greatest regulatory pain points.
Commissioners Hester Peirce and Mark Uyeda may have already removed themselves from contention for the chair, but both have been outspoken advocates for digital asset liberties and regulatory restraint throughout their tenures at the SEC.
Today, we explore their dissenting statements in hopes of gleaning what a pro-crypto SEC might look like under Trump. 👇
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.
In this episode, Spire Labs co-founder Mteam introduces the concept of “Based Rollups” and details how they help ETH's value accrual properties.
Many attendees at Bankless Summit 2024 considered this to be the most technically impressive talk they heard. This session should serve as a call to action for crypto enthusiasts to recognize the unparalleled potential of Ethereum and its native asset, ETH.
Catch the full presentation to learn why it’s impossible to be bullish enough on based rollups and their value accrual benefits for Ethereum!👇
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.
