Daily Brief

Can Blast Pull It Off?

gm Bankless Nation, we hope you're making the most of your leap day by obsessing over crypto charts.
Feb 29, 20243 min read
Can Blast Pull It Off?
Published on Feb 29, 2024
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Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.

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ETF Frenzy Continues
  1. 💰 ETF frenzy continues. BTC ETF volumes didn't surpass yesterday's record but still hit over $3 billion on the 4th straight day of $2B+ volumes.
  2. 💸 Gemini pledges full Earn returns. Customers of Gemini's Earn service will receive 100% of their digital assets as part of a proposed settlement, the company said.
  3. 🤑 Arbitrum partners with Robinhood. Robinhood Wallet users will soon have in-app access to Arbitrum swaps in a move to help onboard users to web3.
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Is Crypto Getting Too Bullish?

📊 Bullish or over-bullish? Bitcoin dips after three days of massive gains! What ecosystems played catchup today, and are there signs the rally may be overextended?

Prices as of 5pm ET 24hr 7d
Crypto $2.27T ↗ 0.7% ↗ 15.2%
BTC $61,142 ↗ 0.1% ↗ 18.6%
ETH $3,329 ↘ 0.2% ↗ 11.7%
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Can Blast Pull It Off?
Bankless Author: David C.

Blast's mainnet went live this afternoon. The big question now is, can they keep the party going long enough to build a sustainable network?

While the next few weeks of Blast activity should give us a sense of the level of demand for this kind of L2, the real test will come in May when Blast’s airdrop can be claimed.

While only time will tell, examining the tactics Blast has employed thus far, the performance of its sister project, Blur, and the potential benefits of native yield, may give us a sense of the blockchain’s future.👇


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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The $1T Internet Bond

It's time to talk about the future of Ether, the asset.

We're joined by Chris Perkins, a trader with a fascinating background who's now zeroed in on designing a new reference rate built on top of ETH. This sounds in the weeds, but it’s actually key to unlocking trillions in new financial products.

You might call this new rate the Libor for ETH.

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Defending What We've Built
Bankless Author: Ryan Sean Adams

We won over TradFi. We're in new territory.

TradFi's glowing embrace means crypto will never be illegal in Western democracies – at least, a certain type of crypto – the sanitized version of crypto held in bank accounts and mapped to your social security number...

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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.