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Citizen Daily Brief

King Bitcoin ($)

gm Bankless Citizens, Bitcoin continues to dominate on the heels of a big 2023.
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Dec 20, 20233 min read
King Bitcoin
Published on Dec 20, 2023
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Sponsor: Kraken — Sign up for an account and see what crypto can be.

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NEED TO KNOW
Rise of Restaking
  1. ☝️ EigenLayer reaches $1B TVL. The Ethereum restaking protocol is reaching new heights after it lifted deposit caps and added support for new tokens earlier this week.
  2. 🔒 Ledger makes good. The popular hardware wallet manufacturer announced plans to evolve its security processes and make affected users whole after facing a major transaction signing exploit last week.
  3. 🧐 China eyes NFTs. The nation's Ministry of Industry and IT revealed it's working on plans to grow development efforts around NFTs and decentralized apps within the Asian superpower.
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TODAY IN MARKETS
King of the Hill
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💸 Greener Pastures. Crypto markets made modest gains today amid a down day for a stock market that continues to inch towards new all-time highs. The total crypto market cap (TOTAL) is green, up 3.7%, but broadly alts are struggling against Bitcoin. What's driving BTC outperformance?

Prices as of 4pm ET 24hr 7d
Crypto $1.62t ↗ 2.5% ↗ 1.3%
BTC $43,576.08 ↗ 3.0% ↗ 2.0%
ETH $2,183.64 ↗ 0.2% ↘ -3.0%
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ARTICLE
The Crypto Startup Slump
Guest Author: Rachael Sacks

2023 may have been a big recovery for the crypto space, but you wouldn't know it by looking at the startup investment landscape. Today, guest writer Rachael Sacks walks us through some of the dominant themes in crypto VC from the past year.

Read the full free article on our website 👇


FRIEND & SPONSOR: KRAKEN

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.

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LATEST POD
Jito's Impact

For our latest episode, we had a fascinating convo with Jito CEO Lucas Bruder on the popular Solana validator client, its staked Solana JITOSOL token, MEV optimization, and beyond.

Learn the basics and nuances of this rising project in today's show! 👇

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.

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