Return of the ETH
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- 💥 Astria sees big 1st day. The new Rollup-as-a-Service (RaaS) provider just launched and facilitated more than 500 rollups created over its first 24 hours, prompting the project to pause new deployments until the new year.
- 🔴 OP Labs outlines path forward. Optimism's software stewards have published a post charting out the "Superchain" L2's path toward full, Stage 2 decentralization over the near future.
- 🚫 SEC fines BarnBridge. The Commission just ordered the DAO and leadership of former DeFi yield protocol BarnBridge to pay $1.7M to settle charges over the alleged failure to register the project's "crypto asset securities."
📈 Here we go again! Ethereum is finally showing signs of strength against Bitcoin. The ETH/BTC ratio is up 4.5% to 0.053, and top L2s decided to come along for the ride, with Arbitrum gaining 19% and Optimism surging 26% on the day. It looks like rumors of Ethereum’s death have been greatly exaggerated…
| Prices as of 4pm ET | 24hr | 7d |
|
Crypto $1.67t | ↗ 1.2% | ↗ 4.4% |
|
BTC $43,731.55 | ↘ -0.1% | ↗ 3.6% |
|
ETH $2,318.91 | ↗ 3.7% | ↗ 3.0% |
There have been many questions and misunderstandings lately about what's happening with Ethereum. Today, we're clearing things up with a guest post via Viktor Bunin on how the "Ethereum Endgame" is transitioning Ethereum from B2C (execution) to B2B (settlement), and how this dynamic is evolving the Ethereum community.
See the big picture–read the free article on our website 👇
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.
Inscriptions mania continues to spread across all the chains, Solana just flipped Ethereum in DEX volume stats, and the restaking scene's starting to catch fire. Just another week in crypto!
Get all of our thoughts on the latest news 👇
🎄 It's Holiday Hunting season!
While you're home these holidays, get your hunt on with new quests for Magic Eden, MetaStreet, and beyond. We also just kicked off Airdrop Hunter POAP rewards, which are claimable in your wallet at 1, 5, 10, 25, 50, 100, and 500 quests completed.
You made the "Nice List" this year, now try giving yourself the gift of getting on the "Paid List" next year by joining the 50 Quests Club. Grab your hot cocoa, snuggle up by the twinkling Christmas tree, and let the magic internet money spirits guide your airdrop adventure. Happy Hunting! 👇
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Many Bankless Citizens who completed the Jito quests in our Airdrop Hunter app just earned $10k+ airdrop paydays!
It's airdrop season and plenty of other protocols are preparing to reward early users. Get on their lists. Start hunting!
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.