Daily Brief

Bitcoin's Breakout

gm Bankless Nation, BTC is knocking at $55K, but it isn't the only winner today.
Feb 26, 20243 min read
Bitcoin's Breakout
Published on Feb 26, 2024
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Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.

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Bitcoin's Breakout
  1. 🔶 BTC's epic pump. Bitcoin's Monday price buildup nearly took BTC past $55k as traders doubled down on crypto bets.
  2. 🔺 MicroStrategy is busy. MSTR stock is surging, the company is buying even more bitcoin, and its Twitter account was hacked, leading to $440k in stolen funds.
  3. 🌪️ Tornado Cash facing exploit. Tornado Cash has had a challenging couple years, and things could get worse. The community has discovered that malicious code was added by a dev that could risk user deposits.
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CleanSpark Soars

📊 Crypto stocks roar. Crypto prices spiked on the open of the US stock market, sending Bitcoin up 5.7% to set a new cycle high! The true winner is crypto equities; crypto exchange Coinbase (COIN) surged 16%, Michael Saylor’s MicroStrategy (MSTR) ripped 16%, and Bitcoin miner CleanSpark (CLSK) mooned 24%! Who is bidding our bags?

Prices as of 5pm ET 24hr 7d
Crypto $2.09T ↗ 4.6% ↗ 5.0%
BTC $54,528 ↗ 5.2% ↗ 5.0%
ETH $3,171 ↗ 2.0% ↗ 6.7%
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What Yuga Should Have Built
Bankless Author: William M. Peaster

Yuga has had a rough year.

As the BAYC parent company deals with leadership changes amid a drastically slowed NFT market, community expectations for its still unreleased title, Otherside, are getting impossibly high.

How did it end up here? And how are smaller-scale multiplayer crypto titles capitalizing on the disconnect?

Dig the full opinion 👇


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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What is Data Availability?

If you've been reading Bankless a lot lately, you've been seeing the acronym – DA. What’s Data Availability (DA), and what’s its business model?

In this episode, we welcomed Jon Charbonneau, a researcher-investor at DBA, and Neel Somani, the CEO of Eclipse. We unpack everything DA, from what it unlocks to its economics.

Bankless Citizens get Early Access to our Monday podcast 👇

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Earn Airdrops!

Many Bankless Citizens who completed the Jito quests in our Airdrop Hunter app just earned five-figure airdrop paydays!

It's airdrop season, and plenty of other protocols are preparing to reward early users. Get on their lists. Start hunting!

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.