This is Why Bitcoin is Surging
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Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.
- 💰 BTC volatility unleashes liquidations. Bitcoin shot for the moon this morning before a flash crash from $64k to $59k triggered over $600 million in liquidations.
- 📈 ETFs hit another record. Bitcoin spot ETF trading volume hit $7.5B today, more than doubling the previous record.
- 🔵 Coinbase app crashes. Amid today's rapid price swings, Coinbase users across the U.S. reported outages and more worrisome zero-dollar balances in their accounts.
📊 Pump rationale. Bitcoin kissed $64k this morning before dropping 8% in 15 minutes, wicking as low as $58.7k on Binance. Volatility in crypto markets is increasing, but all-time highs are within one strong daily candle away! Here’s why BTC surged today 👇
| Prices as of 4pm ET | 24hr | 7d |
|
Crypto $2.23T | ↗ 3.9% | ↗ 14.4% |
|
BTC $60,344 | ↗ 6.3% | ↗ 17.6% |
|
ETH $3,315 | ↗ 2.0% | ↗ 13.5% |
It's Airdrop Season! Sui is becoming a hotbed of onchain activity, and Aftermath Finance is one of the top DEX aggregators on the network. We think there could be a token opportunity, and we've added seven quests for the protocol to Airdrop Hunter.
Check them all out! 👇
It's about time for a deep dive into shared sequencing.
Where the fragments of Ethereum threaten to turn the digital ecosystem into a maze of confusion, Justin Drake & Ben Fisch stand tall, illuminating the way to come and save us from the labyrinth of Ethereum’s rollup-centric roadmap.
David, Justin, and Ben discuss the promises and pitfalls of the rollup future.
Earlier this week, we dug into Yuga's missteps with Otherside and the potential for scrappier competitors to steal the community's time and attention. We particularly highlighted upstart Nifty Island's open beta, which arrived last month and has seen some buzz inside the crypto world.
Today, we're digging in with a quick tactic on getting started with your own island and potentially qualifying for rewards down the road.
- 🌐 Access Nifty Island — Visit niftyisland.com, log in with your wallet or social account, and accept the Terms of Service.
- 🎮 Start Playing — Launch the game from niftyisland.com/play. Complete the tutorial to earn initial Blooms and learn the game controls, then explore different islands and try different match types.
- 🌸 Stack Blooms — Participate in games and daily quests to accumulate Blooms, which will increase your $ISLAND eligibility.
- 🛍️ Spend Blooms — Use Blooms in the Nifty Marketplace to buy new assets that can enhance your island and attract more visitors to further boost your $ISLAND eligibility.
- 👫 Play Socially — Invite friends to play on your island and share your games on social media for additional points.
- 🖼️ Collect NFTs — Increase your Collector Tier by holding Nifty Island NFTs and those from partner collections.
Mass adoption of token-governed technologies. With Mantle Network – an Ethereum rollup, Mantle Treasury, and a token holder governed roadmap for products and initiatives.
Parallel has long been seen as one of the more innovative crypto gaming titles. Yes, it's one of many trading card games in the crypto world, but it's developed a major following and is finally launching its open beta tomorrow.
In today's Metaversal newsletter, we dive into the beta and showcase everything that makes it special 👇
Many Bankless Citizens who completed the Jito quests in our Airdrop Hunter app just earned five-figure 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.