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Crypto Markets Fight Back
Published on Aug 8, 2024

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NEED TO KNOW
FTX Ordered to Pay $12.7B
  1. 💸 FTX & Alameda Ordered to Pay $12.7B to Customers. The order bans both firms from further trading of digital assets.
  2. 📈 XRP Pumps As Ripple Trial Ends with $125M Fine. The SEC's planned mega-fine was slashed considerably by a federal judge.
  3. 👾 Blast's Top Memecoin Abandons the Chain for Solana. Pacmoon Pacmoon is migrating chains, upset with Blast's team over a lack of support.

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MARKET VIBES
Crypto Fights Back

📸 Daily Market Snapshot: Wall Street rebuked bears on Thursday, with indexes gaining big off of investor fervor over declining jobless claims. Crypto popped, with BTC reclaiming $60K and ETH pushing above $2,600. Both assets were still down on the week, yet are up considerably off of the week's brutal lows.

Prices as of 6pm ET 24hr 7d
Crypto $2.12T ↗ 8.3% ↘8.2%
BTC $60,835 ↗ 9.8% ↘6.2%
ETH $2,627 ↗ 11.4% ↘17.2%
AERO $0.72 ↗ 12.0% ↘10.7%

🔒
New Token Rating: Aerodrome is the largest DEX on Base Base and boasts strong revenues. Is AERO a buy even amid the downturn?
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TACTIC
How to Short Solana Solana Memecoins
Bankless Author: William M. Peaster

It's been a volatile week for crypto, and traders have been busy – even memecoin traders.

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Dumpy.fun lets you short memecoins to potentially profit from their price declines. In other words, users select a memecoin they believe will drop in value and can apply leverage to increase potential returns, though this also increases risk. Underneath the hood, the platform borrows assets via Save and swaps them using Jupiter, the popular Solana DEX aggregator.

Here's how to get started 👇


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Ni conseil financier ni fiscal. Le contenu Bankless est strictement éducatif et ne constitue pas un conseil en investissement ni une sollicitation à acheter ou vendre des actifs ou à prendre des décisions financières. Cette newsletter ne constitue pas un conseil fiscal. Parlez-en à votre comptable. Faites vos propres recherches.

Divulgation. Il peut nous arriver d’ajouter des liens vers des produits que nous utilisons dans cette newsletter. Nous pouvons recevoir une commission si vous effectuez un achat via l’un de ces liens. De plus, l’équipe Bankless détient des actifs crypto. Consultez nos divulgations d’investissement ici.

Ce site est protégé par reCAPTCHA.

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