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Solana's Celebrity Sideshow
Published on June 4, 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
FTX's Tax Settlement
  1. FTX Settles with IRS Over $24B Tax Bill. Creditors are one step closer to payouts, but Uncle Sam wants his cut first.
    Read more on Bankless.com
  2. 🐈 StarkWare Plans Bitcoin Scaling Effort. The team behind StarkNet is kicking off early plans for Bitcoin-centric ZK scaling.
    Read more on Bankless.com
  3. 🟣 Polygon Labs Acquires ZK Research Firm. It's the startup's third major ZK acquisition in less than 3 years.
    Read more on Bankless.com
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TODAY IN MARKETS
SocialFi Slump
Bankless Author: Jack Inabinet

📊 Network defects. SocialFi applications have managed to garner widespread excitement among crypto natives at numerous points throughout the past year, but the buzziest brands seem to be fading into obscurity. Will crypto ever get a sustainable SocialFi application?

Prices as of 5pm ET 24hr 7d
Crypto $2.61T ↗ 1.9% ↗ 1.6%
BTC $70,493 ↗ 2.2% ↗ 3.2%
ETH $3,810 ↗ 1.2% ↘ 0.7%
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ANALYSIS
Solana's Celebrity Memecoin Sideshow
Bankless Author: Jack Inabinet

Celebrities have once again returned to crypto, and this time, they're embracing a more fungible path forward, slapping their names on tickers and pumping up the memecoin fever.

Minor and major celebrities are no strangers to the crypto world, but there haven't been quite as many around since FTX's blowup.

So, what's bringing them back? The promise of memecoin riches on Solana.

Read more 👇


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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?

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