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Citizen Daily Brief

Bitcoin's ETF Hangover ($)

gm Bankless Citizen, It was a brutal day for buy-the-news'ers
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Jan 12, 20243 min read
Bitcoin's ETF Hangover
Published on Jan 12, 2024
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NEED TO KNOW
BlackRock Wants ETH
  1. 🗿 Larry Fink wants ETH ETF. BlackRock's Larry Fink seems to get what he wants, and he wants the SEC to approve ETH's spot ETF debut.
  2. 🔪 Halving is on the way. The next bitcoin halving is predicted to be just 100 days away; how will the market respond?
  3. 😔 NEAR layoffs. The NEAR Foundation, the startup behind the L1 blockchain, announced plans to lay off 40% of staff across biz dev and marketing.
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TODAY IN MARKETS
BTC's ETF Hangover

📊 Enter Ether. Notorious countertrade indicator Jim Cramer may have tweeted that BTC's top is in, but the statements have done little to bolster price, with BTC down 9% on the day. Cramer has spoken, so why aren’t we pumping?

Prices as of 5pm ET 24hr 7d
Crypto $1.67T ↘ 5.8% ↗ 0.6%
BTC $42,062 ↘ 9.0% ↘ 4.2%
ETH $2,479 ↘ 5.0% ↗ 10.4%
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LEARN
An L2 on Bitcoin?
Bankless Author: William Peaster

Stacks is a Layer 1 (L1) blockchain compatible with the Ethereum Virtual Machine (EVM) that acts as a scaling solution by extending smart contract capabilities atop Bitcoin. For this reason, Stacks is commonly referred to as a Bitcoin Layer 2 (L2).  

Get the full free guide below 👇👇👇


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WEEKLY ROLLUP
ETF Bonanza

Phew, what a week! With David off climbing mountains, Ryan is joined by Anthony Sassano to discuss ETF week and all of the chaos and ecstasy that it involved.

Get the week's full lowdown👇

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INVEST
This Week's Yield Opps

🧑‍🌾 Farming Alpha: Umami remains the top platform for juiced single-sided yields in the Ethereum ecosystem, but Aura is a close second for those seeking yields on LSTs. Kamino is offering high natural yields on their LST-SOL vault, while Base’s Aerodrome is a go-to for anyone seeking yield on stables!

Top Opps:

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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