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Selling ETH to Wall Street
Published on June 6, 2024
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Sponsor: Puffer Finance — Supercharge your ETH Staking on the First-Ever Decentralized Liquid Restaking Protocol.

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NEED TO KNOW
Robinhood Buying Bitstamp
  1. 💚 Robinhood Doubles Down on Crypto with Bitstamp Acquisition. Even amid an SEC onslaught, Robinhood is committing to crypto.
    Read more on Bankless.com
  2. 💰 The Sandbox Raises at $1B Valuation. After targeting a $4 billion valuation in 2022, the crypto gaming brand reins it in.
    Read more on Bankless.com
  3. 🌍 European Central Bank Cuts Interest Rates. Global rate cuts could mean big things for risk assets like crypto.
    Read more on Bankless.com
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TODAY IN MARKETS
BNB's Impossible Pump
Bankless Author: Jack Inabinet

📊 Sudden Surge. Binance founder CZ just started his 4-month prison sentence, but that hasn’t stopped the native token of his exchange’s closely affiliated BNB Chain from achieving its highest price ever! Why is BNB outperforming this week?

Prices as of 4pm ET 24hr 7d
Crypto $2.61T ↘ 1.4% ↗ 3.2%
BTC $70,361 ↘ 1.3% ↗ 3.3%
ETH $3,773 ↘ 2.7% ↗ 1.4%
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ANALYSIS
How to Sell ETH to Wall Street
Bankless Author: Jack Inabinet

Ethereum’s spot ETFs could begin trading any day now!

One big question remains: how will we sell ETH to Wall Street?

It's a question that has perplexed the industry at many times. While Bitcoiners have solidly clung to the easy-to-understand narrative of “digital gold,” Ethereum’s fans have often had a tougher time landing on a shared, succinct narrative that sparks external interest in the ecosystem.

Today, we’re evaluating six of the most prominent narrative contenders that encapsulate the essence of Ethereum 👇


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EARLY ACCESS
The End of the Petrodollar

Energy is the base layer of money,” that’s how today's guest Luke Gromen puts it in our latest episode.

The essential learning of today’s show is that you can’t understand money until you understand energy markets. Apart from that, Luke explains why the price of oil is about to force a monetary system change, why the 60/40 portfolio is dead, and much more.

Bankless Citizens get Early Access to the Monday Podcast and an exclusive Debrief unpacking the conversation 👇

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GO BANKLESS
Don't Miss Another Airdrop!

Thousands of Bankless Citizens scored an average of $3,500 worth of tokens after Ether.fi's airdrop. Did you miss out again?

Ether.fi was in the Bankless Airdrop Hunter, and you could have gotten into the latest drop by following our quests! There are nearly 100 other crypto protocols in Airdrop Hunter waiting for you.

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