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Daily Brief

Can Bitcoin Compete?

gm Bankless Nation, as Bitcoin hardliners settle into the new reality of ETH's ETF approval, is it time for BTC to double down or adapt?
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May 28, 20243 min read
Can Bitcoin Compete?
Published on May 28, 2024
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NEED TO KNOW
FTX Exec Sentenced
  1. 🚔 FTX's Ryan Salame Sentenced to 7.5 Years in Prison. Salame pled guilty to a litany of charges in September.
    Read more on Bankless.com
  2. ⛰️ Mt. Gox Moves $9 Billion in BTC. The movements come ahead of a plan to repay creditors later this year.
    Read more on Bankless.com
  3. 📝 ENS Looks to L2s. The Ethereum Name Service wants to migrate to an L2 – or build its own.
    Read more on Bankless.com
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TODAY IN MARKETS
Can Bitcoin Compete on Tech?
Bankless Author: Jack Inabinet

📊 Bitcoiner Dilemma. Many crypto assets surged early last week after it became clear that Ethereum would receive spot ETF approval and its long-awaited regulatory clarity as a non-security, but this development sucked the wind out of the Bitcoin ecosystem’s sails. What's going on?

Prices as of 5pm ET 24hr 7d
Crypto $2.57T ↘ 1.3% ↘ 0.8%
BTC $68,117 ↘ 2.1% ↘ 2.3%
ETH $3,824 ↘ 1.5% ↗ 2.0%
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TACTIC
The Memecoin for Crypto's Builders
Bankless Author: William M. Peaster

BUILD is a token of appreciation on Base, crafted as the center of a simple social game that rewards onchain builders through peer nominations.

The idea? To recognize and celebrate the contributions of talented individuals around the Ethereum ecosystem with a dedicated builders memecoin!

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LEARN
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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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