🟠 More Companies Are Stacking BTC. As MicroStrategy continues to buy Bitcoin, a growing slate of firms are starting to imitate the strategy.
📈 Bitcoin ETF Options Are Near. The Commodity Futures Trading Commission (CFTC) has paved the way for the first Bitcoin ETF options.
🔮 Monad Launches Public Testnet. Monad, one of the most anticipated upcoming L1s, just unveiled its first public testnet event.
. . .
MARKET VIBES
Fresh Crypto Market ATH
📸 Daily Market Snapshot: The bulls are back in full force. Over the weekend, the combined market cap of the cryptocurrency ecosystem surpassed the $3 trillion threshold for the first time. This milestone was achieved as Bitcoin just soared past $90,000, and with nearly $1 trillion added to the cryptoeconomy's market cap in just the past two weeks alone. In other words? Investor interest and confidence in crypto is undeniably surging.
Prices as of 2pm ET
24hr
7d
Crypto $3.07t
↗ 1.7%
↗ 2.7%
BTC $90,368
↗ 0.2%
↗ 5.3%
ETH $3,161
↗ 2.5%
↘ -4.9%
RAY $5.60
↘ 0.5%
↗ 4.2%
🔆
New Token Rating: Solana’s Raydium exchange has outperformed every top 100 crypto asset except DOGE during the past 30 days. Can this RAY of sun continue shining for its holders?
The taste we’ve gotten of what crypto regulation may be like under Trump in the two weeks since his re-election looks quite promising, especially for ETH.
While ETH has steadied since its spike immediately following the election, institutional demand continues to trend up while supply only further constricts as staking levels reach record highs. This attractive market setup is mixing with expectations of lenient regulation, paving the way for staking in ETH ETFs and fee switches to be turned on for crypto protocols.
With Ethereum ready to capitalize on these trends, there is a robust case for its outperformance, as well as for the outperformance of its strongest L2, Base.
In this article, let's delve into all the main factors that are making such a favorable environment for ETH right now!👇
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.
Is Ethereum's ambitious roadmap the next big game-changer in crypto?
In this episode of Bankless, we're joined by Justin Drake to delve into Ethereum's 5-year strategy. We discuss major upgrades aimed at enhancing the network's performance, scalability, and functionality.
Justin breaks down EthProofs, ZK-EVMs, and new proposals like the Beamchain, exploring how these innovations promise to revolutionize the OG smart contract platform.
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.
