# Biden's Big Choice

*Author: Bankless*
*Published: May 30, 2024*
*Source: https://www.bankless.com/fr/the-restaking-competition*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/05/image---2024-05-24T120113.373-2.png)](https://www.ora.io/?utm_source=newsletter&utm_medium=edm&utm_campaign=bankless_onboarding)

  

Biden's Big Choice
    
  

  
  Published on May 30, 2024

[
  
  View in Browser

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

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
Biden's Big Choice
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/05/Group-15--34-.png)](https://www.bankless.com/dashboard)- 👴 **Which Way Joe?** With Biden's veto threat deadline coming soon, a report suggests he's changing his crypto tune.
[*Read more on Bankless.com*](https://www.bankless.com/which-way-biden)
- 👨‍⚖️ **Do Kwon Reaches Settlement with SEC. **Terraform Labs and its founder have reached a 'settlement in principle,' but we'll have to wait for more details.
[*Read more on Bankless.com*](https://www.bankless.com/do-kwon-settlement)
- **🙈 ZK Trademark Controversy Unfolds.** zkSync's efforts to trademark 'ZK' have raised a ruckus.
[*Read more on Bankless.com*](https://www.bankless.com/zk-trademark-controversy-unfolds)

.  .  .

 
  
    

    TODAY IN MARKETS

  
  
    
Good Times Over?
  
  
   
     
     Bankless Author: 
     
      [
       
       Jack Inabinet](https://twitter.com/JackInabinet)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/05/image---2024-05-30T164617.610.png)](https://www.bankless.com/inflating-deflation)**📊 Macro Shrink. **Economic data continues to suggest the global economy is falling deeper into contraction. *How will policymakers respond, and what implications will their decisions hold for your investment portfolio?*

[Read More Analysis on Bankless.com](https://www.bankless.com/inflating-deflation)

Prices as of 5pm ET
24hr
7d

 

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

  **Crypto**
   
          $2.54T
       

  
    
    ↗ 0.7%
    
  

   
    
    ↗ 0.4%
    
  

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

  **BTC**
   
          $68,469
       

  
    
    ↗ 1.6%
    
  

   
    
    ↗ 0.9%
    
  

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

  **ETH**
   
          $3,736
       

  
    
    ↘ 0.4%
    
  

   
    
    ↘ 0.7%
    
  

  

.  .  .

 
  
    

ANALYSIS

  
  
    
   
The Restaking Competition
  
  
   
     
     Bankless Author: 
     
      [
       
       David C.](https://x.com/davewardonline)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/05/image---2024-05-30T164602.732.png)](https://www.bankless.com/restaking-isnt-only-for-eigenlayer)**EigenLayer's recent EIGEN "stake drop" wasn't the moment of industry ecstasy many had hoped for.**

Mixed reaction to EigenLayer's token drop has shifted some interest towards other restaking players – both competitors on Ethereum and protocols blazing the trail on other networks.

Projects like BounceBit, Symbiotic, Solayer, and Karak Network are some of the more notable examples of buzzy protocols taking their own approaches to restaking, whether through diversifying the assets able to be deposited or the ecosystems they are drawn from.

*Let's dig into these rising restakers *👇

[Get the Rundown](https://www.bankless.com/restaking-isnt-only-for-eigenlayer)
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