Bitcoin Breakdown
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- 🌋 Mt. Gox Kicks Off Creditor Repayments. Long-awaited BTC repayments finally started Friday, and markets didn't react well.
- 🗳️ Multicoin Pledges $1M for Pro-Crypto Senators. The VC firm pledges to match $1 million in SOL donations to candidates.
- 🤭 3AC Wallet Buys NFT. Liquidators appear to have missed a 3-year-old 20 ETH NFT bid from 3AC, which was just accepted on SuperRare.
📸 Daily Market Snapshot: Maybe better not to check your holdings today... Crypto liquidations nearly surpassed levels reached after the FTX collapse as BTC dipped as low as $54K on Friday, a $10K drop from Monday. Meanwhile, ETH has taken a 22% haircut over the past month.
| Prices as of 3pm ET | 24hr | 7d |
|
Crypto $2.06T | ↘3.4% | ↘8.0% |
|
BTC $56,514 | ↘3.3% | ↘6.4% |
|
ETH $2,985 | ↘5.1% | ↘11.5% |
Coinbase’s breakout L2, Base, has quickly become one of the most prominent spots to be onchain this cycle, solidifying itself as one of Ethereum's most innovative corners.
Base's rise and continued development has increasingly become a hot investment narrative that's difficult to ignore.
In this article, we’ll examine what makes Base stand out from other L2s, how it draws power from Coinbase, and its rumored token drop — all of which come together to make Base a can’t-miss destination onchain. Let’s begin! 👇
Kraken is one of the largest and most secure crypto platforms in the world. They've been in the crypto game for over a decade, and now they're inviting us all on a journey to see what crypto can be.
Is the U.S. going to be ok?
Mike Solana (no relation to the chain) is the editor-in-chief of Pirate Wires and the guy who broke the Trump Memecoin news. We brought him on the show today to try to make sense of the current state of politics in the face of the upcoming election and what it all means for crypto.
Expect to learn why tech has pivoted right, why Democrats are cracking down on crypto, why media in 2024 is fundamentally broken, and much more.
Citizens get Early Access to the Monday Podcast and Ryan & David's exclusive Debrief on the interview 👇
- 🪂 Airdrop Reflections - Eli Ben-Sasson
- 🔄 Governance Restaking - Tally
- 〰️ Introducing the Elastic Chain - ZKsync
- 📝 Ethereum Staking Survey 2024 - nixo
- 📦 Epochs and Slots All the Way Down - Vitalik Buterin
- 🌊 Licensing Liquity v2: May the Fork Be With You - Max Fiege
- 🥷 Make Cypherpunk: One Ethereum Block at a Time - Web3PrivacyNow
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.
Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.