🔥 Federal Court Overturns Sanctions on Tornado Cash. A federal court in Texas knocks down the contentious OFAC smart contract sanction.
🌐 Circle Acquires the Largest Tokenized Money Market Fund. Circle pushes forward as it acquires USYC issuer Hashnote.
📸
Daily Market Snapshot: ETH's ratio against BTC continues to drift closer to four-year lows, with ETHBTC down nearly 50% over the past year. As BTC nears new all-time highs, ETH is still down more than 33% from its November 2021 all-time high.
Prices as of 6pm ET
24hr
7d
Crypto $3.57T
↘ 2.2%
↗ 1.7%
BTC $104,050
↘ 1.6%
↗ 4.4%
ETH $3,238
↘ 2.5%
↘ 5.5%
. . .
ANALYSIS
Getting Ready for Infinite Leverage on InfinityPools
InfinityPools' mainnet went live on Base last week, and it has attracted a good deal of attention over its unique mechanisms, which will enable unlimited leverage trading across any token without liquidation risk (as long as users can pay the interest rate).
As the platform ramps up, things are limited out of the gate – traders can only provide liquidity to sUSDe/USDC and sUSDe/wstETH pools right now, but margin traders willvery soonbe able to get in on the action.
What's under the hood of the InfinityPools platform? Let's dive in 👇
The Fraxtal ecosystem is expanding at lightning speed—this month’s biggest highlight is IQAI.com, the newest Agent Tokenization platform from IQ and Frax. IQ is building autonomous, intelligent, tokenized agents launching on Fraxtal in Q1. Empower on-chain agents with built-in wallets, tokenized ownership, and decentralized governance—all within a fast-growing Fraxtal ecosystem.
President Trump has made quite the splash in crypto circles this week, fulfilling campaign promises alongside an unexpected record memecoin launch that raised eyebrows.
In this episode of Bankless, we're joined by Alex Thorn, Head of Firmwide Research at Galaxy Digital, to break down a whirlwind of crypto news. We discuss the monumental pardon of Ross Ulbricht by Donald Trump, the surprising launch of an official Trump Memecoin on Solana, and the SEC’s early signals of a pro-crypto pivot under its new leadership. Tune in for analysis, context, and what these developments mean for the crypto landscape.
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.
