⛏️ Take Action: What We're Doing Crypto market opps we're watching.
p.s. Thanks to Legion. High FDV, low float is over. Legion is a platform for merit-based access to MiCA-compliant ICOs. Check your reputation score and be part of the ICO evolution.
Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.
🔴 GOP Wins Congressional Majority. A sweep for Republicans will likely clear the way for comprehensive crypto legislation.
📲 Coinbase Climbs Apple App Store Rankings. Coinbase is among the top 10 most downloaded free apps on iOS.
🚔 FBI Raids Polymarket CEO's NYC Apartment. Polymarket CEO Shayne Coplan is under criminal investigation over U.S. users accessing the platform.
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MARKET VIBES
Memes Take the Wheel
📸 Daily Market Snapshot: The momentum of ETH and BTC softened Thursday after a week of breakneck gains, but investors were still bidding up plenty of memecoins. After a week of BTC outperformance, the top 100's biggest weekly winners are still all memes, with BRETT, WIF, and BONK all up over 50%. Doge up 85%. PEPE up 92%. And then there's PNUT, which is showing 7D gains of 1,466% to its current $1.7B market cap.
Prices as of 6pm ET
24hr
7d
Crypto $2.89T
↘ 2.9%
↗ 15.6%
BTC $86,900
↘ 3.8%
↗ 14.5%
ETH $3,041
↘ 4.8%
↗ 5.2%
NEAR $5.27
↗ 1.6%
↗ 24.4%
🤖
New Token Rating: NEARProtocol is intent on becoming a leader in decentralized open-source artificial intelligence. Can development of a high-speed decentralized compute network bring new cycle highs for NEAR?
As AI continues to advance, a new frontier emerges where agents powered by crypto rails are poised to disrupt industries worldwide.
On the podcast today, we have Ejaaz, a crypto-AI investor who has been entrenched in this convergence. Formerly a product manager at Coinbase, Ejaaz returned to the trenches to pursue the promise of Crypto x AI. Now, he manages a fund focused on this sector and brings firsthand insights into what’s real, what’s hype, and what’s truly investible in this evolving space.
With hopes that the return of Donald Trump to the White House will lead to clearer legal frameworks and a friendlier regulatory climate for crypto, investors are looking into DeFi tokens like UNI that could soon “turn on” their fee switch, basically allowing token holders to start accruing returns just by holding the token.
Perhaps the most buzzy protocol triggering this interest is Ethena. The occasionally controversial growth monster has been making waves in the stablecoin space, and holders of its ENA token could see significant returns from stablecoin yields.
Let's take a deeper look at what Ethena is up to and why its community is considering this move for ENA 👇
Mantle kickstarts Season 1 of Methamorphosis. Building on the success of their Liquid Staking Token, mETH, Mantle LSP announces plans for a new Liquid Restaking Token, cmETH, along with a governance token, COOK. With Methamorphosis, participants can now farm Powder for future COOK tokens and position themselves early for upcoming cmETH release.
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.
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