Daily Brief

Degens Embrace the Memechain

gm Bankless Nation, the lines between memecoins and some more serious projects are starting to blur a bit.
Apr 1, 2024 β€’ 3 min read
Degens Embrace the Memechain
Published on Apr 1, 2024
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Don't Miss Our Restaking Airdrop Checklist

Don't miss out on the easiest play in crypto.

Ether.fi's airdrop blew past expectations, but more big restaking protocols are poised to drop free tokens ahead of Eigenlayer's insanely hyped airdrop.

Later this week, we're shipping a guide on how to set yourself up for 5 major restaking airdrops, but you'll have to be a Bankless Citizen to read it! Bankless Citizens get full access to all of our alpha, as well as ad-free podcasts, and our Airdrop Hunter app.

Time is ticking, and you have ⏳ only 2 days left ⏳ to secure your Citizenship before we release our guide.

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Tron Moves to Dismiss
  1. πŸ›‘ Tron wants SEC case dismissed. Tron's legal team wants a judge to dismiss the SEC's case, which accuses them of illegal securities sales, fraud, and market manipulation.
  2. πŸ’° FTX payments by end of year. FTX isn't returning the full value of lost crypto to users, but they'll start redemptions to some users by the end of the year.
  3. 3️⃣ L3 Fever? Degen's L3 chain is taking off but not everyone is happy, with Polygon Labs CEO saying L3s "exist only to take value away from Ethereum."
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Degens Embrace the Memechain

πŸ“Š Culture, Catalysts & Coinbase. Memecoin DEGEN roared to life last month as Base Season accelerated, with holders bagging 4,000% returns during March. What catalysts propelled DEGEN to a unicorn valuation, and can this coin continue to run?

Prices as of 4pm ET 24hr 7d
Crypto $2.61T β†˜ 2.8% β†˜ 2.2%
BTC $69,641 β†˜ 1.7% β†˜ 1.8%
ETH $3,485 β†˜ 4.1% β†˜ 4.0%
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David Joins Solana

BROOKLYN, New York β€” Bankless co-owner David Hoffman has announced his resignation from Bankless, effective immediately, in order to take a full-time position at the Solana Foundation as its first β€œVP of Decentralization.”

β€œI just really want to help Solana decentralize,” said Hoffman in a tweet announcing his new role. β€œThis goes beyond Nakamoto coefficients for me; this is about actually making a difference. Anybody with a data center should be able to run a Solana validator.”

Read more on David's big move πŸ‘‡


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When Ethereum ETF?

The Bitcoin ETF was a huge win for crypto. Will an Ethereum ETF be approved?

We brought Matt Hougan & Ryan Rasmussen of Bitwise to explore exactly that. We go through what made the BTC ETF so successful, what we need to replicate that process for Ethereum and what comes after the ETH ETF.

Get the full rundown πŸ‘‡

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.

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