🚔 First Criminal Crypto Tax Conviction Ends with Prison Sentence. An early bitcoin investor was convicted after underreporting gains from millions in sales.
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MARKET VIBES
ETH Resilience
📸 Daily Market Snapshot: SOL's 2024 has been a story of redemption and narrative strength over ETH, but SOLETH momentum has slowed as investors have begun shifting attention toward ETH, with the ratio declining more than 25% over the past several weeks. Amid outsized growth from competing Alt-L1s and altcoin investments, SOL price has grown just 6% over the past 30 days compared to 24% for ETH.
Prices as of 5pm ET
24hr
7d
Crypto $3.62T
↗ 1.1%
↘ 1.4%
BTC $101,238
↗ 1.7%
↗ 0.8%
ETH $3,906
↗ 0.8%
↘ 3.1%
ONDO $1.95
↗ 10.2%
↘ 14.3%
💰
New Token Rating: At its current $20B valuation, Ondo Finance is worth more than any other DeFi project in existence! Is ONDO truly the best way to gamble on RWAs?
This was a huge year for crypto, not only because of investor excitement but also because crypto developers kept driving the space forward.
Plenty of trends surfaced this year around developer onboarding and activity.The newly released2024 Crypto Developer Report by Electric Capital gives us a snapshot of developer activity in the crypto space and sheds light on key trends and shifts.
Let’s break down 10 of the insights from this year’s report that stuck out to us most👇
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.
What are the best investing opportunities in Tech for 2025?
Elad Gil is one of Silicon Valley's hottest investors. He's backed 40 unicorns, including Airbnb, Coinbase, Figma, and Stripe, to name a few. He's super active in AI and hosts the No Priors podcast.
In this conversation, Elad explores the state of AI and how the industry is evolving, what he thinks about Crypto, and why he’s bullish on tech in general, given the new Trump administration.
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.
