🔵 Circle Files for $6.7B IPO. USDC issuer Circle is heading to the NYSE under ticker CRCL, aiming to raise $624M at a $6.7B valuation.
🟢 SharpLink Goes ETH. Sports marketing firm SharpLink's shares soared 400% after announcing a $425M raise led by Consensys that will be used to adopt ETH as its treasury asset.
🟡 Sonar ICO Platform Debuts. Cobie’s Echo has launched Sonar, a public token sale platform, with stablecoin-focused Plasma as its first project.
📸
Daily Market Snapshot: With a growing influx of bullish crypto news, the spoils went to the majors today as BTC crossed $110k and ETH flirted with $2.7k again.
Prices as of 3pm ET
24hr
7d
Crypto $3.47T
↗ 1.3%
↗ 4.5%
BTC $110,102
↗ 1.0%
↗ 3.7%
ETH $2,685
↗ 6.0%
↗ 7.6%
. . .
GUIDE
Friendly Forks, Fresh Yields: What's New in Liquity V2
Liquity’s V2 launch has jumped to the front of this month’s Ethereum DeFi chatter.
The revamped protocol is putting its new $BOLD stablecoin on the map with a new unique flywheel that's designed to simultaneously attract more borrowers, reward depositors, and defend the protocol and its USD peg.
The splash hasn’t stopped at Ethereum, either: more than 15 licensed “friendly forks” have locked in plans to port the codebase (and reward $BOLD users) across Arbitrum, Hyperliquid, Scroll, and beyond.
With its user-set rates, its NFT-based debt, and its forkonomics, Liquity V2's shaping up to be one of this cycle’s most intriguing stablecoin experiments—and now it's open for business.
Here's everything you need to know before diving in!👇
Unlock the power of Unichain – a fast, decentralized Ethereum Layer 2 network built to be the home for DeFi and cross-chain liquidity. To bridge tokens to Unichain and start swapping today, get started with Uniswap Labs’ web app or mobile wallet.
Crypto Fundamentals debuts today—a new monthly series where Michael Nadeau of The DeFi Report joins Ryan & David to bring Warren Buffett-style rigor to crypto.
In Episode 1, the topic of discussion is the brewing rotation: Bitcoin dominance is wobbling, ETH/BTC is perking up, and onchain data says capital is creeping down the risk curve.
Michael unpacks the macro tailwinds like the GENIUS stablecoin bill, the KPIs that actually matter now, and why this cycle could reward real cash-flow L1s and even a few memes with measurable beta.
If you want a cleaner compass for long-term value investing, this is your new must-listen series.
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.
