0
0
Citizen Daily Brief

How Will BTC Handle Halving? ($)

gm Bankless Citizen, with hours to go, crypto investors are waiting to see how demand for BTC blockspace shifts after the Halving.
0
0
Apr 19, 20243 min read
How Will BTC Handle Halving?
Published on Apr 19, 2024
View in Browser

Sponsor: Cartesi — Build app-specific rollups with Web2 tooling without the constraints of Web3!

.  .  .
NEED TO KNOW
Ready for Runes?
  1. 🟠 Bitcoin gets ready for Runes. As the Halving nears, BTC is preparing for the heavily hyped debut of the Runes Protocol which will launch shortly after and create a new system for fungible tokens on the bitcoin network.
  2. 🦔 Hedgey Finance gets hit. The team’s Token Claim Contract has allegedly been exploited for nearly $2M according to Cyvers.
  3. 🤡 JP Morgan CEO rips Bitcoin. Despite his bank buying into BlackRock’s BTC ETF, Jamie Dimon says BTC is just a “decentralized Ponzi scheme.
.  .  .
TODAY IN MARKETS
Bitcoin's Instability Volatility

📊 Bouncing Back? Deepening geopolitical tension between Iran and Israel turning violent in the Middle East is leading to volatility for investors across the board, including in crypto markets. How did markets respond to the latest event, and is war the only thing on traders’ minds?

Prices as of 3pm ET 24hr 7d
Crypto $2.34T ↗ 1.6% ↘ 3.7%
BTC $64,129 ↗ 1.3% ↘ 4.3%
ETH $3,087 ↗ 1.0% ↘ 3.9%
.  .  .
ANALYSIS
How Will Bitcoin Handle This Halving?
Bankless Author: Jack Inabinet

The quadrennial Bitcoin Halving is yet again upon us, scheduled to occur tomorrow at approximately 9:31 AM EST, and will programmatically reduce the block rewards paid out to miners by 50% for the fourth time in history!

Many have attempted to prophesy the potential impact of this event on BTC price, but the arrival of the Halving raises another equally important question: how will Bitcoin afford its security budget going forward?👇


FRIEND & SPONSOR: CARTESI

Cartesi has a challenge for all talented devs! Try to hack their Honeypot dApp. Compete in a bug-bounty initiative to test, scrutinize, and refine the underlying code of Cartesi Rollups!

.  .  .
EARLY ACCESS
Pomp on Bitcoin

Bankless Nation, we’ve finally got him… Anthony Pompliano is on the show. Pomp is an investor and media personality, best known to the crypto community for his relentless bitcoin evangelism.

Expect to learn about the Bitcoin Halving, the state of BTC ETFs, the consequential institutional adoption and crypto tribalism. We wrap up the episode with a quick lightning round with Pomp and a peek into his 2024 investment portfolio.

Bankless Citizens get Early Access to our Monday Podcast and an exclusive Debrief of the episode 👇

.  .  .
INVEST
This Week's Yield Opps

🧑‍🌾 Farming Alpha: Despite the slide in crypto prices, there are still plenty of high yielding opportunities available! Pendle PT holders are still enjoying high APYs from points speculation on liquid restaking tokens (LRTs) and Ethena assets. Increased swap volumes are boosting yields for liquidity providers on Penpie and Aerodrome, meanwhile Fraxlend continues to offer the best bluechip returns on BTC.

Top Opps:

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.

Account Light mode Log Out