🟠 Abu Dhabi Loads Up on BlackRock BTC ETF. The sovereign wealth fund accumulated $440M in holdings of the bitcoin ETF in Q4, according to new financial filings.
📲 Pump.fun Launches Mobile App. The premier Solana memecoin launcher is bringing the degeneracy to mobile with its new native app.
Daily Market Snapshot: Trump's memecoin led the market in a major way Friday with a revenge pump that added $7B to its FDV, which now sits above $23B. It's been a challenging first month for the token, which peaked shortly after launch at $73, and has been grinding lower and lower since. What about $MELANIA? Yes, it's up 12% today, but early buyers of the down-bad asset likely aren't breaking out the champagne yet.
Prices as of 1pm ET
24hr
7d
Crypto $3.28T
↗ 4.2%
↗ 3.1%
BTC $98,299
↗ 2.8%
↗ 0.4%
ETH $2,754
↗ 5.6%
↗ 3.0%
. . .
EARLY ACCESS
Hester's Moment
Hester Peirce is back on the Bankless podcast.
SEC Commissioner Peirce discusses her new role as head of the SEC Crypto Task Force and what its impact on crypto regulation may look like. We explore the repeal of SAB 121, how the task force aims to bring clarity to token issuances, and potential pathways for retroactive relief for crypto projects. Peirce also shares insights on SEC-CFTC collaboration, no-action letters, and her approach to prioritizing key industry issues.
A must-listen for understanding the future of crypto regulation and policy shifts at the SEC! 👇
Robinhood is in the news after another blockbuster quarter for crypto revenues.
We haven't talked much about Robinhood since their high-profile acquisition of Bitstamp over the summer, but after first earning the ire of the Gensler SEC (despite playing it safe with their listing calendar), the central exchange is poised to be a big winner amid crypto's regulatory remaking under the Trump administration.
With Robinhood on the brain today, let's dig into one of their sveltest consumer crypto products – Robinhood Wallet.
Explore 300+ assets on Uphold. Trade, swap & hold – all in one place. In the US? Earn rewards, including rewards on stablecoins, exclusive insights, and early token access—just by staying active. Terms apply. Don’t invest unless you’re prepared to lose all the money you invest.
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.
