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Is Everything Cooked?
Published on Aug 5, 2024

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NEED TO KNOW
Crypto Crash
  1. 🫨 Crypto Markets Reeling as Investors Panic. Bitcoin Bitcoin and Ethereum Ethereum are getting hit hard as global markets falter.
    Read more on Bankless.com
  2. 🤦‍♀️ Sen. Warren Pushes CFTC to Finalize Ban on Political Betting. The top crypto critic takes aim at Polymarket Polymarket and other prediction markets.
    Read more on Bankless.com
  3. ☹️ Solana Solana Memecoins Tumble Amid Broader Crypto Sell-Off. Solana's cycle-leading memecoin sector is crashing hard.
    Read more on Bankless.com

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MARKET VIBES
ETH Free Fall

📸 Daily Market Snapshot: Crypto markets were dealt stunning losses in quick succession Sunday as ETH entered free fall and BTC and Alts later followed. Today, as the damage has cleared, ETH is still down 26% week-over-week, now resting below a $300B market cap – far from the post-ETF revelry most investors planned for.

Prices as of 5pm ET 24hr 7d
Crypto $1.91T ↘8.3% ↘20.7%
BTC $54,601 ↘7.4% ↘18.8%
ETH $2,437 ↘11.2% ↘26.5%
FET $0.80 ↘15.9% ↘34.8%

🔒
New Token Rating: The Artificial Superintelligence Alliance, trading under the ticker FET, achieved a $6B valuation in May. How do we feel about this token’s future prospects?
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ANALYSIS
Things Are Not Fine
Bankless Author: Jack Inabinet

Last week, you could have been forgiven for taking a rosy outlook on markets, but this morning, investors around the globe have found themselves gripped with panic, leading many bulls to reassess their prior convictions.

Is it time to alter yours?

See why investors are feeling so bearish right now 👇

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LATEST POD
Everything is Cooked

The crypto market is having a bad time.

Crypto just experienced one of its largest ever single-day drops as investors across the globe aim to stave off losses from an economic slowdown.

What's causing all of this mayhem? David and Ryan go live with a rundown on how we got here and where we could go next.

Hear all of the analysis! 👇

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GO BANKLESS
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No es asesoramiento financiero ni fiscal. El contenido de Bankless es estrictamente educativo y no constituye asesoramiento de inversión ni una solicitud para comprar o vender activos ni para tomar decisiones financieras. Este boletín no es asesoría fiscal. Consulta a tu contador. Investiga por tu cuenta.

Divulgación. De vez en cuando podemos incluir enlaces en este boletín a productos que usamos. Podemos recibir comisión si realizas una compra a través de uno de estos enlaces. Además, el equipo de Bankless posee criptoactivos. Consulta nuestras divulgaciones aquí.

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