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Citizen Daily Brief

Bitcoin's Biggest Dilemma ($)

gm Bankless Citizen, Bitcoin's long-term security remains a question mark, but is an answer in sight?
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Apr 25, 2024 • 3 min read
Bitcoin's Big Dilemma
Published on Apr 25, 2024
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Sponsor: Celo — Celo is returning to Ethereum with OP Stack and celebrating four years of mainnet!

Learn More about #CEL2
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NEED TO KNOW
Consensys Sues SEC
  1. 🔥 Consensys sues SEC. The crypto software giant announced their suit designed to fight for Ethereum’s future and protect crypto developers.
  2. 🧑‍⚖️ Samourai arrests. The U.S. Department of Justice arrested the CEO and CTO of Samourai Wallet, a privacy-centric Bitcoin wallet, on charges of money laundering and operating an unlicensed money transmitter.
  3. 🪙 L2s embrace Avail. Data availability (DA) solution Avail just announced that its network can now be integrated by developers building on Arbitrum, Optimism, Polygon, Starknet and zkSync.
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TODAY IN MARKETS
Fed's Faltering Grip

🙅 Outmatched. Troubling US economic data released this morning is suggesting that the Fed has lost control. What are the numbers saying, and how have markets reacted?

Read More Analysis on Bankless.com
Prices as of 5pm ET 24hr 7d
Crypto $2.39T ↗ 1.0% ↗ 3.5%
BTC $65,062 ↗ 1.4% ↗ 2.4%
ETH $3,179 ↗ 1.5% ↗ 3.7%
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ANALYSIS
The Halving's Warning
Bankless Author: Jack Inabinet

As Bitcoin's fourth Halving slashed rewards to just 3.125 BTC per block, the network faces a pivotal moment.

Amid fears of reduced security from a lower hashrate, the Runes phenomenon has sparked a surge in transaction fees, shifting the economic landscape for miners. Is this shift sustainable or just a flash in the pan?

Let's dig into Bitcoin's security and economic future 👇

Read the Full Rundown
FRIEND & SPONSOR: CELO

After Celo’s community unanimously voted to migrate the mobile-first, EVM-compatible L1 to an Ethereum L2 (#CEL2), core contributors cLabs spent months evaluating and testing leading tech stacks. On Celo mainnet’s 4-year anniversary, cLabs is excited to announce its proposal to leverage Optimism’s OP Stack.

Learn More about #CEL2
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TAKE ACTION
What We're Doing

Each week, Citizens get a curated list of market opportunities that the Bankless team is watching 👇

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.

Published in Bankless

There’s a revolution in the world of money. Ethereum, Bitcoin, crypto, open finance, DeFi—a bankless revolution. And you want part of it.

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