🤑 Franklin Templeton’s tokenized fund. The massive asset manager has tokenized a $380 million treasuries fund on Polygon and Stellar.
🙈 Yuga layoffs. The embattled Bored Ape creator is restructuring with CEO Greg Solano going as far to say that Yuga Labs had “lost its way.”
🧡 Runes generated $135M in fees. In their first week, the new BTC fungible token protocol generated big numbers, but still some are calling the launch a dud.
. . .
TODAY IN MARKETS
Trouble for Pendle?
📊 End of an Era? Holders of PENDLE woke up to find their bags down nearly 8% on the day. What caused the price to slide, and can the yield-splitting protocol continue to provide enhanced upside going forward?
The-Open-Network blockchain, known as TON, has catapulted onto crypto’s main stage recently with some epic gains. What's going on with this thing?
Recently, TON has experienced tremendous growth from both a price and activity perspective, with its token increasing a casual 170+% in the past three months while also seeing its active monthly wallets simultaneously 6x.
Why are investors getting so jazzed on the opportunity? And is there more open road ahead? 👇
After Celo’s community unanimously voted to migrate the mobile-first, EVM-compatible L1 to an Ethereum L2 (#CEL2), core contributors cLabs spent months evaluating and testing leading tech stacks. On Celo mainnet’s 4-year anniversary, cLabs is excited to announce its proposal to leverage Optimism’s OP Stack.
The stablecoin market's adult in the room is joining us today. Circle founder Jeremy Allaire is here.
Fast forward to 2030, what’s the total value of stablecoins? What year is crypto in internet years? Why don’t we have a venmo for crypto yet? We've got lots of questions.
Bankless Citizens get Early Access to our Monday Podcast and an exclusive Debriefof the episode 👇
Thousands of Bankless Citizens scored an average of $3,500 worth of tokens after Ether.fi's airdrop. Did you miss out again?
Ether.fi was in the Bankless Airdrop Hunter, and you could have gotten into the latest drop by following our quests! There are nearly 80 other crypto protocols in Airdrop Hunter waiting for you.
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.
