Putting Restaked ETH to Work
View in Browser
Sponsor: Kraken — Sign up for an account and see what crypto can be.
- 👎 Bitcoin dips. Amid economic uncertainty, crypto markets continued to dump Wednesday, led by Bitcoin which is down 10% this week.
- 🟦 Dorsey’s Block facing scrutiny. Federal prosecutors are reportedly examining Block’s transactions amid whistleblower reports that lax screening led the firm to process crypto transactions for terrorist groups.
- 🗿 BlackRock leads Securitize deal. Securitize, the firm which BlackRock launched its BUIDL fund with, has raised a $47M funding round led by BlackRock.
📊 Macro Mania. Crypto assets are getting volatile as macro is once again dominating the narrative. Is the bottom in, or is the downside just getting started?
| Prices as of 6pm ET | 24hr | 7d |
|
Crypto $2.18T | ↘ 1.7% | ↘ 8.4% |
|
BTC $57,967 | ↘ 4.0% | ↘ 9.8% |
|
ETH $2,970 | ↘ 1.1% | ↘ 5.6% |
How can you put your restaked ETH to work?
In the EigenLayer ecosystem, an Actively Validated Service (AVS) is a project that uses the security of Ethereum via EigenLayer to underpin its native functionalities. AVSs can be anything from data availability solutions to L2s, like optimistic or zk-rollups, and plenty more in between.
Here's how to delegate your restaked ETH 👇
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.
The SEC is going after Kraken, Coinbase, Uniswap and Metamask. They’re trying to turn every non-custodial wallet into a broker-dealer.
We brought on Joe Lubin, a crypto OG and CEO of Consensys, the company behind a number of massive crypto projects including the popular Metamask wallet, to discuss why his company is suing the SEC stateside.
Dig into the full episode 👇
Each week, Citizens get a curated list of market opportunities that the Bankless team is watching. As a free subscriber, you're missing out! 👇
Thousands of Bankless Citizens scored an average of $3,500 worth of tokens after Ether.fi's airdrop. Did you miss out again?
Ether.fi was in the Bankless Airdrop Hunter, and you could have gotten into the latest drop by following our quests! There are nearly 80 other crypto protocols in Airdrop Hunter waiting for you.
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.