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Citizen Daily Brief

Bitcoin's Bearish Plunge ($)

gm Bankless Citizen, it was a bearish day for crypto markets as BTC buyers rushed for the exits.
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Jun 24, 20243 min read
Bitcoin's Bearish Plunge
Published on June 24, 2024
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NEED TO KNOW
Mt. Gox Repayments
  1. 🏔️ Mt. Gox Repayments Finally Coming Next Month. $9 billion in BTC and Bitcoin Cash will be repaid to creditors.
    Read more on Bankless.com
  2. ✌️ Jump Crypto's Kanav Kariya Steps Down. The move comes after a report that the CFTC is investigating the firm's trading practices.
    Read more on Bankless.com
  3. 💥 Blast Launches Foundation Ahead of Airdrop. The L2 team had little to say about its structure, but we'll be getting more details by Wednesday.
    Read more on Bankless.com
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MARKET VIBES
Bitcoin Bearish Plunge

📸 Daily Market Snapshot: Crypto investor sentiment reached new lows Monday as BTC dropped below $60K amid concerns of Mt. Gox repayments-induced sell pressure coming. With BTC now down 20% from its mid-March all-time highs, anxious crypto traders are smashing 'sell.'

Prices as of 5pm ET 24hr 7d
Crypto $2.20T ↘ 5.1% ↘ 8.7%
BTC $59,486 ↘ 6.6% ↘ 10.4%
ETH $3,310 ↘ 3.7% ↘ 5.9%
PENDLE $5.79 ↘ 0.3% ↗ 9.8%

🕰️
New Token Rating: Amid unprecedented airdrop speculation, Pendle has emerged as one of this cycle’s top performers! Will this token continue to soar?
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TACTIC
How to Start a Community on Base
Bankless Author: William M. Peaster

Base's app scene is more mature than ever, and it's easier than ever to get started. There are now many great resources that you can use to start and manage your own community on the network. 

If you have some ideas but aren’t sure where to begin, no worries—let’s walk through a potential blueprint you could follow to dive right into community building. 

Here are the tools you need 👇


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LATEST POD
Why We Fight for Freedom of Speech

Why should we fight for Freedom of Speech? That’s the question that Lawyer Greg Lukianoff helps us answer today.

Using first principles, Greg goes deep into the importance of Freedom of Speech, “Free Speech Culture,” what happens to Free Speech when new technologies like the printing press and the internet are introduced, and how all this intersects with blockchains and crypto.

Citizens also get Ryan & David's exclusive Debrief on the interview 👇

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.