Time to Ditch Meme Stocks?
Published on June 7, 2024
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Sponsor: Puffer Finance β€” Supercharge your ETH Staking on the First-Ever Decentralized Liquid Restaking Protocol.

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NEED TO KNOW
Base Flips OP
  1. πŸ”΅ Base Overtakes OP Mainnet in TVL. Onchain Summer is already in full effect for Base's DeFi scene.
    Read more on Bankless.com
  2. πŸ’° BlackRock's Bitcoin ETF Holds Over 300K BTC. IBIT now has $21B worth of BTC under management.
    Read more on Bankless.com
  3. πŸ”» Friday Dump Sends BTC Below $70K. The selloff triggered $450 million in liquidations.
    Read more on Bankless.com
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TODAY IN MARKETS
Time to Ditch Meme Stocks?
Bankless Author: Jack Inabinet

πŸ“Š Meme Dilution? GameStop bull β€œRoaring Kitty” was briefly a billionaire on paper last night after the price of GME surged to nearly $70, but a stock split announcement this morning reversed his fortunes and those of retail traders following his bet! How much abuse will investors take until they turn to crypto?

Prices as of 4pm ET 24hr 7d
Crypto $2.54T β†˜ 2.5% β†— 0.8%
BTC $69,016 β†˜ 1.9% β†— 2.1%
ETH $3,673 β†˜ 2.8% β†˜ 2.8%
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LEARN
Bankless Guides

Still trying to get a handle on the essential crypto networks?

Bankless Guides has you covered with nearly 40 dedicated free guides to the ecosystems that matter most in Crypto. Today, we've just updated the Bankless Guide to EigenLayer so you can stay up to date on all things restaking.

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PREMIUM POD
AggLayer & Espresso

Fragmented liquidity across L2s is one of the Ethereum ecosystem's pressing problems, but builders are tirelessly working toward solutions.

In this episode, Brendan Farmer & Ben Fisch explore the synergies between the Polygon AggLayer and the Espresso shared sequencing marketplace, discussing their role in the rollup-centric roadmap for Ethereum.

Get the full rundown in this Citizen-only episode πŸ‘‡

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INVEST
This Week's Yield Opps

Each week, Citizens get a curated list of yield opportunities that the Bankless team is watching. As a free subscriber, you're missing out! πŸ‘‡

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GO BANKLESS
Don't Miss Another Airdrop!

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