Citizen Daily Brief

ETH Euphoria Keeps Pushing ($)

gm Bankless Citizen, Crypto is bracing for an ETH breakout, but resistance isn't letting up yet.
Feb 21, 20243 min read
ETH Euphoria Keeps Pushing
Published on Feb 21, 2024
View in Browser

Sponsor: Kraken — Sign up for an account and see what crypto can be.

.  .  .
America Gets Do Kwon
  1. 🛩️ Do Kwon is getting extradited. After a lengthy court battle to stay put in Montenegro, Terraform Labs founder Do Kwon is getting extradited to the US to face trial.
  2. 🙉 BAYC founder is new Yuga CEO. After a brutal year for NFTs and BAYC prices, Bored Apes founder Garga is returning to Yuga as CEO, replacing former Activision COO Daniel Alegre.
  3. ⭕️ Circle phasing out TRON support. In an eyebrow-raising move, Circle has announced that it is phasing out support for USDC on the Tron network, effective immediately.
.  .  .
ETH Euphoria Keeps Pushing

📊 We’re so back? Ether pierced $3,000 to the acclaim of many on Crypto Twitter before sliding back beneath the psychological bull barrier Friday morning. Where do prices go from here?

Prices as of 4pm ET 24hr 7d
Crypto $1.94T ↘ 2.0% ↗ 0.5%
BTC $51,254 ↘ 1.7% ↘ 0.6%
ETH $2,922 ↘ 2.4% ↗ 5.9%
.  .  .
The Crypto Phone Comeback
Bankless Author: Arjun Chand

Hardware has always been hard.

Niche tech devices have struggled at every turn of the market, yet somehow (we know how) Solana has managed to sell out their first device and post impressive pre-order numbers for their follow-on effort.

Today, we're digging deeper into why crypto smartphones matter. We're also unpacking the Saga phone saga and whether the device can keep its meme coin-fueled success going and pave the way for other entrants + a suite of mobile-friendly crypto apps.

Let’s dive in 🐶


Kraken is one of the largest and most secure crypto platforms in the world. They've been in the crypto game for over a decade, and now they're inviting us all on a journey to see what crypto can be.

.  .  .
Are Bitcoin L2s Real?

In today’s episode, we have Bitcoin wizard David Seroy on the show! He’s an armchair researcher in the Bitcoin rollup ecosystem. He really likes Bitcoin, and he really likes projects that are building on Bitcoin.

We’ve got a lot of questions on Bitcoin today, especially those that revolve around Bitcoin L2s. Are they real? David’s got answers.

.  .  .
What We're Doing

Each week, Citizens get a curated list of market opportunities that the Bankless team is watching 👇

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.