Biden's Big Choice
Published on May 30, 2024
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Sponsor: ORA β€” ORA is Ethereum’s Trustless AI, bringing Onchain AI to life.

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NEED TO KNOW
Biden's Big Choice
  1. πŸ‘΄ 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
  2. πŸ‘¨β€βš–οΈ 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
  3. πŸ™ˆ ZK Trademark Controversy Unfolds. zkSync's efforts to trademark 'ZK' have raised a ruckus.
    Read more on Bankless.com
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TODAY IN MARKETS
Good Times Over?
Bankless Author: Jack Inabinet

πŸ“Š 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?

Prices as of 5pm ET 24hr 7d
Crypto $2.54T β†— 0.7% β†— 0.4%
BTC $68,469 β†— 1.6% β†— 0.9%
ETH $3,736 β†˜ 0.4% β†˜ 0.7%
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ANALYSIS
The Restaking Competition
Bankless Author: David C.

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 πŸ‘‡


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GO BANKLESS
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