# Memes Take the Wheel

*Author: Bankless*
*Published: Nov 14, 2024*
*Source: https://www.bankless.com/fr/memes-take-the-wheel*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/11/Group-652--1-.png)](https://www.bankless.com/sponsor/mantle-1706216729?ref=ethena-fee-switch&email=true)

  
Memes Take the Wheel
    
  

  
  Published on Nov 14, 2024

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  View in Browser

](https://bankless.com/read/briefs)
 

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[**Sponsor: Mantle**](https://www.bankless.com/sponsor/mantle-1706216729?ref=ethena-fee-switch&email=true) — Mass adoption of decentralized & token-governed technologies.

[Visit mantle.xyz to Learn More](https://www.bankless.com/sponsor/mantle-1706216729?ref=ethena-fee-switch&email=true)

.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
Republican Sweep
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/11/Group-14---2024-11-14T182233.186.png)](https://www.bankless.com/dashboard)- 🔴** GOP Wins Congressional Majority. **A sweep for Republicans will likely [clear the way](https://www.bankless.com/the-gop-win-congressional-majority) for comprehensive crypto legislation.
- **📲 Coinbase Climbs Apple App Store Rankings. **Coinbase is among the [top 10 most downloaded](https://www.bankless.com/coinbase-climbs-apple-app-store-rankings) free apps on iOS.
- 🚔** FBI Raids Polymarket CEO's NYC Apartment. **Polymarket CEO Shayne Coplan is [under criminal investigation](https://www.bankless.com/fbi-raids-polymarket-ceos-nyc-apartment) over U.S. users accessing the platform.

.  .  .

 
  
    

MARKET VIBES

  
  
Memes Take the Wheel
  
   
     
 
     
    
 

**📸 Daily Market Snapshot: **The momentum of ETH and BTC softened Thursday after a week of breakneck gains, but investors were still bidding up plenty of memecoins. After a week of BTC outperformance, the top 100's biggest weekly winners are still all memes, with BRETT, WIF, and BONK all up over 50%. Doge up 85%. PEPE up 92%. And then there's PNUT, which is showing 7D gains of 1,466% to its current $1.7B market cap.

Prices as of 6pm ET
24hr
7d

 

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

  **Crypto**
   
          $2.89T
       

  
    
    ↘ 2.9%
    
  

   
    
    ↗ 15.6%
    
  

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

  **BTC**
   
          $86,900
       

  
    
    ↘ 3.8%
    
  

   
    
    ↗ 14.5%
    
  

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

  **ETH**
   
          $3,041
       

  
    
    ↘ 4.8%
    
  

   
    
    ↗ 5.2%
  

       ![](https://s2.coinmarketcap.com/static/img/coins/64x64/6535.png)
    

  **NEAR**
   
          $5.27
       

  
    
    ↗ 1.6%
    
  

   
    
    ↗ 24.4%

    
  

  

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🤖**New Token Rating: NEAR** **Protocol** is intent on becoming a leader in decentralized open-source artificial intelligence. Can development of a high-speed decentralized compute network bring new cycle highs for NEAR?[Unlock NEAR on Token Hub](https://www.bankless.com/tools/token-hub/near)

.  .  .

 
  
    
      
LATEST POD
    
    
  
  

Crypto AI Agents Will Take Over the World
  
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/11/Group-17--33-.png)](https://www.youtube.com/watch?v=dleJuG0_Lfc&t=1s)As AI continues to advance, a new frontier emerges where agents powered by crypto rails are poised to disrupt industries worldwide.

On the podcast today, we have Ejaaz, a crypto-AI investor who has been entrenched in this convergence. Formerly a product manager at Coinbase, Ejaaz returned to the trenches to pursue the promise of Crypto x AI. Now, he manages a fund focused on this sector and brings firsthand insights into what’s real, what’s hype, and what’s truly investible in this evolving space.

*Get the full analysis*!* *👇

[Watch on YouTube](https://www.youtube.com/watch?v=dleJuG0_Lfc&t=1s)

.  .  .

 
  
    

ANALYSIS

  
  
    
How Ethena Fee Switch Could Shake Up DeFi
  
   
     
     Bankless Author: 
     
       [
       
        Kazu Umemoto](https://www.bankless.com/author/kazu)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/11/image---2024-11-14T182630.724.png)](https://www.bankless.com/ethena-fee-switch)With hopes that the return of Donald Trump to the White House will lead to clearer legal frameworks and a friendlier regulatory climate for crypto, investors are looking into DeFi tokens like UNI that could soon "turn on" their fee switch, basically allowing token holders to start accruing returns just by holding the token.

Perhaps the most buzzy protocol triggering this interest is Ethena. The occasionally controversial growth monster has been making waves in the stablecoin space, and holders of its ENA token could see significant returns from stablecoin yields.

*Let's take a deeper look at what Ethena is up to and why its community is considering this move for ENA *👇

[Read More on Bankless.com](https://www.bankless.com/ethena-fee-switch)
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