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Daily Brief

Crypto's Pre-Halving Dump

gm Bankless Nation, Crypto prices aren't being very nice, but what does the future hold?
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Apr 17, 20243 min read
Crypto's Pre-Halving Dump
Published on Apr 17, 2024
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NEED TO KNOW
World Chain
  1. 🌐 Worldcoin is getting a chain. Worldcoin, Sam Altman's identity protocol for the age of AI, just announced their upcoming L2 – World Chain.
    👉 Read More on Bankless
  2. 🐙 Kraken releases crypto wallet. Kraken is joining other exchanges in debuting its own open-sourced, multi-chain wallet app.
  3. 🥭 Mango Markets jury deliberates. Were Avi Eisenberg's trades, which left Mango Markets flailing, criminal in nature? That's what jurors are tasked with deciding in a case that could have broad ramifications for DeFi.
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TODAY IN MARKETS
Crypto's Pre-Halving Dump

📊 Price on Life Support. Bitcoin ran it up to $64.5k overnight before topping out and proceeding to slide throughout Wednesday morning alongside TradFi markets to breach Saturday’s local lows. When will the bleeding stop?

Prices as of 4pm ET 24hr 7d
Crypto $2.25T ↘ 1.6% ↘ 13.8%
BTC $61,287 ↘ 2.5% ↘ 12.3%
ETH $2,998 ↘ -2.2% ↘ 14.7%
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ANALYSIS
Why EIP-3074 Matters
Bankless Author: William M. Peaster

EIP-3074 is in the limelight this week as Ethereum core devs just approved the standard’s inclusion in the upcoming Pectra hard fork.

EIP-3074 is the next big step in evolving Ethereum’s account model for the future. It’s a short-term remedy ahead of the ascendance of ERC-4337, but its user experience (UX) level-ups are significant. 

Let's take a look at what's cooking in EIP-3074 👇


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PREMIUM POD
Ethena: A Crypto-Native Dollar

Can Ethena live up to expectations?

Today, Arthur Hayes and Ethena founder Guy Young walk us through the Ethena Protocol and the USDe Synthetic Dollar. Because Ethena does not use dollars in a bank, USDe is an entirely crypto-native product. It uses crypto collateral, crypto’s centralized exchanges and perp venues.

This is an entirely new design construction of a stablecoin, but is it a better approach? That’s exactly what this episode seeks to answer 👇

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GO BANKLESS
Don't Miss Another Airdrop!

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Ether.fi was in the Bankless Airdrop Hunter, and you could have gotten into the latest drop by following our quests! There are nearly 80 other crypto protocols in Airdrop Hunter waiting for you.

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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