Bitcoin's L2 Dreams ($)

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1. 👨‍⚖️ Senate Votes to Repeal SEC Crypto Rule. In a 60-38 vote, the Senate moved to repeal the SEC’s policy requiring firms that custody crypto to record customer holdings on their balance sheets as liabilities. 
   Read more on Bankless.
2. 👠 Pump.fun Hit for $2M in Flash Loan Exploit. Solana's buzzy memecoin launcher hit with attack.
   Read more on Bankless.
3. 🚀 Blast's Token Airdrop Delayed. The L2's long-awaited drop will now take place June 26.
   Read more on Bankless.

📊 Fall from Grace. The token of synthetic dollar stablecoin issuer Ethena underwent an impressive post-launch surge, but once the initial rally petered out, ENA found itself caught in a perpetual downtrend! Why has ENA continued to plunge, and what moves is the team making to bolster adoption of its stablecoin?

	Crypto $2.35T	↘ 1.3%	↗ 1.7%
	BTC $65,133	↘ 1.1%	↗ 4.4%
	ETH $2,941	↘ 2.4%	↘ 2.5%

Bitcoin has had an explosion in development.

It’s evolving from being laser-eyed on BTC as an asset to a more dynamic ecosystem that has different things for people to use, build, and speculate on.

Within the Bitcoin ecosystem, L2s are now the new hot thing. Everyone wants a piece of the Bitcoin L2 pie. But what’s the hype all about?

Let's dive in! 👇

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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 👇

• 🪂 Claiming the $DRIFT airdrop
• 💸 Joining the waitlist for the Marginal onchain deriv
• 📡 Exploring the Astaria Intent Feed
• 🟠 Trading Bitcoin assets on Phantom
• 🪙 Depositing to the crvUSD MetaMorpho vault
• 🔁 Making cross-chain trades with Relay Swaps
• ☝️ Executing 1-click trade strats with Lyra Spreads