🤑 Token Rating: Sky Running Can the Maker rally hold strong?
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🚫 House Dems Move to Ban Presidential Memecoins. House Democrats propose the MEME Act, aiming to ban public officials from launching tokens like TRUMP.
📉 Pump Fun Activity Plummets Amid Memecoin Fatigue. Pump.fun tokens see a swift drop in daily launches and DEX graduations, hinting at broader market fatigue.
🤝 The SEC Drops Its Case Against Consensys. Consensys and the SEC finalized an agreement to dismiss the MetaMask securities enforcement case.
📸
Daily Market Snapshot: Bitcoin may be down 14% on the week, but it's up 1% on the day and is holding ground just above $84,000. Altcoins have followed suit, with most top projects trading in the green over the past 24 hours.
Prices as of 5pm ET
24hr
7d
Crypto $2.81T
↗ 1.3%
↘ 12.2%
BTC $84,318
↗ 0.9%
↘ 14.1%
ETH $2,317
↗ 1.2%
↘ 15.4%
. . .
CHEAT SHEET
Smart Collateral Engaged
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Sky (f.k.a. MakerDAO) has seen its native token more than double off the February lows. What obstacles might lie ahead for this legacy Ethereum stablecoin issuer?
Every week, our analyst team gives bullish or bearish ratings on new tokens. Get access to our SKY/MKR rating in the Token Hub by becoming a Citizen! 👇
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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