0
0
Citizen Daily Brief

Crypto’s Next Chapter? ($)

gm Bankless Citizen, we've been getting awfully loud about AI Agents over the past few weeks. Still overwhelmed by all the happenings? Catch up with our weekly AI rollup pod!
0
0
Jan 2, 20253 min read
Crypto’s Next Chapter?
Published on Jan 2, 2025
View in Browser

Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.

.  .  .
NEED TO KNOW
Do Kwon in Manhattan
  1. 👨‍⚖️ Do Kwon Pleads Not Guilty to Fraud Charges in Manhattan. The Terraform Labs founder was extradited from Montenegro earlier this week.
  2. 🍃 Tether Faces Market Cap Drop Amid MiCA Hurdles. EU exchange delistings took a bite out of USDT's market cap, but the majority of volumes still come from Asia.
  3. 📉 IRS Postpones Crypto Cost-Basis Reporting Rules. Centralized exchanges have more time to adapt to new tax reporting requirements.
.  .  .
MARKET VIBES
New Year Bump

📸 Daily Market Snapshot: After a relentless post-Christmas slide, crypto prices have been largely up-only since the New Year rung in stateside; the subtle gains brought BTC near $98K Thursday while ETH nearly hit $3,500. The real winner of 2025 so far? Sigh, it's... fartcoin (up nearly 35% today).

Prices as of 7pm ET 24hr 7d
Crypto $3.41T ↗ 2.5% ↗ 2.7%
BTC $96,911 ↗ 2.7% ↗ 1.2%
ETH $3,451 ↗ 3.0% ↗ 3.6%
.  .  .
AI ROLLUP
AI Agents Usher in New Chapter

Ejaaz returns to break down the unstoppable rise of AI agents in crypto alongside David for a special New Year's AI Rollup.

They explore how frameworks like ai16z’s Eliza are accelerating multi-chain agent deployment, why Zerebro’s creative moves are redefining cultural impact, and how Virtuals’ relentless shipping is driving explosive onchain fee generation.

From autonomous agents running entire businesses to the scramble for Tier-1 exchange listings, AI x crypto is transforming both market dynamics and human imagination. Are you ready for 2025’s craziness?

Listen to the full episode 👇

.  .  .
OPINION
Ethereum Upgrades to Watch in 2025
Bankless Author: Kazu Umemoto

Ethereum is a living, breathing network that a world-class network of developers helps keep on the cutting edge.

In 2024, Ethereum made major progress in its rollup-centric evolution by introducing blob space with its Dencun upgrade, which helped L2s lower transaction costs by 10x-100x.

Today, we're taking a look at some of the Ethereum Improvement Proposals (EIPs) and Ethereum Requests for Comment (ERCs) that I'm closely watching this year. Several of these are already slated for the Pectra upgrade, which we covered in full here, while others are likely further out but already have some high-profile backers.

Below, let's take a look at five noteworthy Ethereum upgrades that builders are advocating for 👇


FRIEND & SPONSOR: MANTLE

Season 2: Methamorphosis is now live on mETH Protocol, following the launch of their governance token, COOK, and cmETH, the liquid restaked version of mETH. With cmETH, holders can enjoy yields across multiple restaking protocols like Karak, EigenLayer, Symbiotic, while earning Powder for more COOK.

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.

Account Light mode Log Out