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X @Bankless
Bankless· 2025-08-22 17:15
Market Trend - The cryptocurrency market is celebrating Ethereum ($ETH) reaching an all-time high [1]
X @Bankless
Bankless· 2025-08-22 14:43
Product Overview - Burner cards offer a minimalist design for offline key storage, similar to Ledger or Trezor [1] - These cards use NFC technology for quick onboarding via a smartphone web UI, eliminating the need for apps or firmware updates [1] - Burner cards replace seed phrases with a 6-digit PIN code for authentication [1] Pricing and Setup - At $9 each for Ethereum or Bitcoin editions, Burner cards are approximately 1/9th the price of Ledger's Nano S Plus [2] - Setting up a Burner wallet involves scanning a QR code, establishing an NFC connection, generating a key, setting a PIN, and naming the wallet [2][3] Functionality and Applications - Users can deposit funds from Coinbase, debit cards, or other wallets, with Ethereum and Base supported [4] - Burner cards support onchain apps like DeFi or NFT platforms via WalletConnect [5] - Features include Flexa for IRL payments and a Card Duplicator to clone addresses to new cards [5] Market Positioning - Burner cards are positioned as lightweight personal wallets or disposable crypto gift cards [2] - The industry suggests using Burner cards as a convenient alternative to hardware wallets like Ledger for travel and everyday tap payments [6]
X @Bankless
Bankless· 2025-08-21 21:42
Legal & Regulatory - DOJ confirms: Developers are not criminally liable for publishing code [1] - Writing code without ill intent is not a crime, according to the Asst Attorney General at DOJ's Criminal Division [1] Individuals Under Scrutiny - Roman Storm is still facing charges despite the DOJ's confirmation [1]
X @Bankless
Bankless· 2025-08-21 21:12
Overview of PoolTogether - PoolTogether's no-loss savings game allows users to deposit stablecoins for a chance to win prizes without losing their initial deposit [1][2] - The protocol is autonomous, immutable, and permissionless, leveraging the benefits of on-chain systems [1] - PoolTogether presents a unique risk/return profile, making it a compelling option for deploying idle funds [1][3] Key Features and Updates - Users deposit funds into prize vaults, and the yield generated from these deposits forms a prize pool [2] - Winners are selected through regular random draws and receive payouts automatically [2] - Users can withdraw their deposits at any time, ensuring no loss of principal [2] - Since V5, PoolTogether has expanded its features, chains, and rewards [3] Usage and Potential Returns - Users can access PoolTogether through various interfaces like Cabana, PoolTime, Superform, WinETH, or Yearn [3] - On Base, Cabana estimates smaller prizes are won frequently, while larger prizes occur less often [5] - A user recently won 22.91 ETH from a 2,500 USDC deposit on Base [3] - Prize vaults on Base offer approximately $52 thousand, while Optimism offers around $27 thousand [4]
X @Bankless
Bankless· 2025-08-21 21:02
AUGUST'S MOST CHAOTIC ALTCOINS 📈📉Tokens that caught our attention this month with huge price swings, controversies, and catalysts. 👇 https://t.co/WxuF42Si8l ...
X @Bankless
Bankless· 2025-08-21 19:32
General Overview - The document "YZY Money Madness" is available online [1] Given the limited context of the document title "YZY Money Madness" and its online availability, a detailed analysis focusing on specific industry trends, investment opportunities, or financial performance is not possible without access to the document's content
X @Bankless
Bankless· 2025-08-21 18:41
RT Ronin (@Ronin_Network)Ryan and David from @BanklessHQ believe...Ronin is the "Onchain Nintendo!"With over $4.5Billion in NFT volume. https://t.co/MlulXcjPgI ...