# Argentina's Crypto Moment

*Author: Bankless*
*Published: Aug 29, 2024*
*Source: https://www.bankless.com/de/argentinas-crypto-moment*

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Argentina's Crypto Moment
  

  
Published on Aug 29, 2024

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  View in Browser

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
Trump's Crypto Promises
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/08/Group-14--98-.png)](https://www.bankless.com/dashboard)- 💰 **Trump Teases Rebranded Crypto Platform, Banks $2M in NFT Sale.** Trump [continues to get loud about crypto](https://www.bankless.com/trump-new-project-nft-sales), but is he just pumping his own bags?
- 🏈** DraftKings Faces $65M Lawsuit from NFL Players Association. **DraftKings shut down its Reignmakers NFT product, but its high-profile partner [wants to get paid](https://www.bankless.com/draftkings-faces-65m-lawsuit-from-nfl-players-association).
- 💦 **Binance, Bybit to Launch Solana Liquid Staking Tokens. **Some of crypto's biggest players [are getting in on Solana LSTs](https://www.bankless.com/binance-bybit-to-launch-solana-liquid-staking-tokens).

.  .  .

 
  
    

    MARKET VIBES

  
  

    Optimism on Wall Street
    
  
   
     
   
     
    
 

**📸 Daily Market Snapshot: **Despite Nvidia falling short of Wall Street's loftiest expectations in its earnings release, TradFi indices pushed higher Thursday, showcasing growing optimism for the market's near-term future. Meanwhile, BTC attempted a breakout this afternoon but landed back in the $59K range it had sunk to earlier this week.

Prices as of 4pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $2.09T
       

  
    
    ↘ 0.1%
    
  

   
    
    ↘ 2.3%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $59,596
       

  
    
    ↗ 0.7%
    
  

   
    
    ↘ 1.2%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $2,531
       

  
    
    ↗ 0.9%
    
  

   
    
    ↘ 2.7%
    
  

       ![](https://s2.coinmarketcap.com/static/img/coins/64x64/32299.png)
    

  **CLOUD**
   
          $0.222
       

  
    
    ↗ 31.6%
    
  

   
    
    ↗ 25.2%
    
  

  

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☁️**New Token Rating: **Solana liquid staking protocol **Sanctum** just mooned. Why do we believe that CLOUD can outperform in the months ahead?[Unlock CLOUD on Token Hub](https://www.bankless.com/tools/token-hub/sanctum)

.  .  .

 
  
    

ANALYSIS

  
  
    
   
Argentina's Crypto Moment

  
  
   
     
     Bankless Author: 
     
       [
       
       David Hoffman](https://x.com/TrustlessState)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/08/image---2024-08-29T153329.472.png)](https://www.bankless.com/crecimiento-aleph-argentinas-crypto-moment)**Argentina is the spearhead of crypto.** 

While developed nation VCs and Crypto Twitter's degens hypothesize about use-cases, adoption, and ‘attracting retail investors.’ In Argentina, crypto has already been adopted by millions of people **who have a present and urgent need for Crypto’s value and services.**

Argentina is the perfect breeding ground for the crypto economy. The intersection of easy internet access, currency inflation, capital controls, and traditional business frictions has produced an environment where the power of crypto can truly shine. 

*See what Argentina's crypto future holds *👇

[Read More on Bankless.com](https://www.bankless.com/crecimiento-aleph-argentinas-crypto-moment)
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