😱 ETH Falls Below $2K, BTC Under $80K Amid Recession Fears. Crypto markets took another hit Monday as markets sweated Trump's comments on the recession.
🐦 X Continues to Suffer Outages as Musk Claims 'Massive Cyberattack.' As rolling outages hit the social network, crypto's yappers have been temporarily without their primary home.
🟨 Investment Managers File for MOVE ETFs Ahead of Mainnet Launch. As the blockchain only now moves into “mainnet beta,” there are already ETF applications in the works.
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Daily Market Snapshot: Trump's tariff flip-flopping and recent comments about the economy entering a “period of transition,” spooked Wall Street in a serious way, ushering in the worst day for markets since 2022. Crypto did not escape unscathed. ETH fell as low as $1,800 and BTC fell to nearly $77K as the market went risk-off across the board.
In crypto, new chains are a dime a dozen and tend to follow familiar patterns. Thus, over the past several years we've seen a fair share of copycat chains with little to add to the conversation. Celestia has been different.
The chain has taken a unique approach, dialing in its functions as a data layer for rollups, allowing chains to post their data on the Celestia network, similar to how blobs are posted on Ethereum. While this model presents an exciting next step for blockchain technology, the real question is, how has Celestia been performing so far, and what are its plans to compete with other chains like Ethereum?
Let’s examine some key metrics, the rollups currently building on Celestia, and what the team has planned for the future! 👇
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Prepare for a future that's closer than you think, where the cost of intelligence approaches zero and possibilities become boundless.
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.
