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Daily Brief

CZ Gets Sentenced

gm Bankless Nation, Crypto is getting hammered, and Binance's CZ is going to prison.
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Apr 30, 20243 min read
CZ Gets Sentenced
Published on Apr 30, 2024
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NEED TO KNOW
CZ Going to Prison
  1. 🧑‍⚖️ CZ sentenced to 4 months. Binance founder Changpeng Zhao is going to prison but for much less time than the DOJ fought for – just 4 months compared to the 36 months prosecutors sought. He’s the richest person ever to go to prison in the U.S.
  2. 💰 Early Bitcoiner charged by DOJ. Roger Ver, a prominent early bitcoin investor and evangelist, was charged by the DOJ for allegedly evading nearly $50M in taxes on his BTC gains.
  3. ⚡️ Coinbase integrates Bitcoin’s Lightning. Coinbase rolled out support for low-cost bitcoin transfers on the network through a partnership with David Marcus’s Lightspark startup.
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TODAY IN MARKETS
Hyped Crypto ETFs Launch

📊 Hong Kong's turn. Trading for Asia's first spot crypto ETFs began early this morning in Hong Kong, offering investors a regulated avenue to buy instruments linked to both BTC and ETH. It was a historic debut, but how did they perform?

Prices as of 4pm ET 24hr 7d
Crypto $2.20T ↘ 4.9% ↘ 10.2%
BTC $59,177 ↘ 5.9% ↘ 11.0%
ETH $2,921 ↘ 8.0% ↘ 9.1%
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ANALYSIS
Crypto's Future is Asia
Bankless Author: David C.

Is Asia poised to lead the way for crypto?

With a brutal U.S. regulatory environment and increasingly positive developments in Hong Kong and China, Asia's case for leading the crypto industry continues to strengthen.

Let’s dig into the bull case for Asia's leading crypto markets! 👇


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LATEST POD
EIGEN Almost Here

EIGEN has arrived and claims will start in less than two weeks!

Eigenlayer token details are here! Don’t call it an Airdrop – this is a Stakedrop — because that’s the only thing you can do with your EIGEN tokens out of the gate.

What's different about this token? Let's dig in 👇

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GO BANKLESS
Don't Miss Another Airdrop!

Thousands of Bankless Citizens scored an average of $3,500 worth of tokens after Ether.fi's airdrop. Did you miss out again?

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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