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Citizen Daily Brief

Bitcoin's Bearish Plunge ($)

gm Bonkless Citizen. Yes, you read that right.
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Mar 19, 2024 β€’ 3 min read
Bitcoin's Bearish Plunge
Published on Mar 19, 2024
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Sponsor: Mantle β€” Mass adoption of decentralized & token-governed technologies.

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NEED TO KNOW
MicroStrategy Crosses 1%
  1. πŸ‘‘ MicroStrategy keeps buying. With its recent purchase, MicroStrategy now holds 214,246 bitcoins, over 1% of BTC's 21 million token supply.
  2. πŸ’° BlackRock tokenized investment fund. Financial giant BlackRock is teaming up with Securitize to launch a tokenized private equity fund, according to regulatory filings.
  3. 🦍 Investors ape into SOL pre-sales. Solana memecoin fever is driving investors to dump funds into upstart efforts. Solana's founder wants investors to stop.
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TODAY IN MARKETS
Bitcoin's Bearish Plunge

πŸ“Š Hope ahead? Bitcoin's slide is erasing weeks of gains. Meanwhile, the total crypto market cap faces its largest string of declines since spot BTC ETF approval proved to be a sell the news event. Will bulls come to the rescue, or is there more downside to come?

Prices as of 5pm ET 24hr 7d
Crypto $2.39T β†˜ 6.2% β†˜ 10.5%
BTC $63,645 β†˜ 6.2% β†˜ 10.0%
ETH $3,276 β†˜ 7.7% β†˜ 17.0%
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ANALYSIS
Maker Gets Ready for Endgame
Bankless Author: David C.

MakerDAO, the DeFi titan formed in 2014 and responsible for the stablecoin DAI, has spent much of the past year gearing up for an effort to simplify its vision and level up its ambitions.

The plan is called Endgame: a major effort that will likely take years to play out, with a lot of moving parts to keep track of. 

Let's see what's on the Endgame menuπŸ‘‡


FRIEND & SPONSOR: MANTLE

Mass adoption of token-governed technologies. With Mantle Network – an Ethereum rollup, Mantle Treasury, and a token holder governed roadmap for products and initiatives.

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LATEST POD
Memecoins: Good or Evil?

Are memecoins good for crypto?

Today, we have two special guests debating the merits and costs of crypto memecoins. Ledger from the UpOnly podcast thinks that memecoins are vehicles for financial nihilism that create room for bad actors and grifters. Stephen Cesaro, from the Alfalfa Podcast, thinks memecoins are something to appreciate and celebrate.

Who do you agree with? πŸ‘‡

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.

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