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Citizen Daily Brief

Bitcoin's Rough Week ($)

gm Bankless Citizen, Bitcoin's first full week after its new ETFs was a slog
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Jan 19, 20243 min read
Bitcoin's Rough Week
Published on Jan 19, 2024
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NEED TO KNOW
SEC Delays ETH ETF Call
  1. 🦅 SEC delays ETH ETF call. The SEC has punted making a call on Fidelity's ETH ETF until March. This comes as JPM gives less than a 50% chance of ETH ETF approval by May.
  2. 🧑‍⚖️ SEC versus Binance delayed. Binance's long-awaited trial is starting Monday after a snow-related delay. The DOJ-punished exchange wants the SEC lawsuit tossed.
  3. 🎣 Manta DDoS'd during token launch. Manta Network was plagued by a DDoS attack as it issued its MANTA token, bringing the network to a crawl.
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TODAY IN MARKETS
BTC's Rough Week

📊 Dip buyers be damned. The total crypto market cap (TOTAL) has sunk like a stone, erasing a quarter billion dollars in wealth amidst the 14% plunge that has followed the arrival of spot BTC ETFs. Can crypto markets rebound?

Prices as of 3pm ET 24hr 7d
Crypto $1.65T ↗ 1.9% ↘ 3.5%
BTC $41,905 ↗ 3.0% ↘ 4.4%
ETH $2,489 ↗ 2.6% ↘ 3.5%
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LEARN
What is Celestia?
Bankless Author: William Peaster

$TIA has been one of the bull market's hottest opps, but what does the network actually do?

Celestia is a data availability (DA) blockchain created as an affordable and efficient hub for Layer 2 (L2) rollups to publish transaction data. Celestia helps projects launch their L2s by allowing rollup teams to sidestep needing to manage their own DA solutions and instead focus exclusively on their execution layer, where transactions occur. 

Get the full free guide below 👇👇👇


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WEEKLY ROLLUP
Boom or Bust?

It's been a tough week for markets, but Ryan and David talk through the market opportunities they're watching in this latest rollup on the week's biggest stories.

Get the week's full lowdown👇

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INVEST
This Week's Yield Opps

🧑‍🌾 Farming Alpha: Umami and Aura are both making use of token incentives to maximize your yield on the EVM! Attractive SOL exposure-only yields are difficult to find these days, but Kamino is offering the best returns.

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.