Putting Restaked ETH to Work ($)
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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 👇
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- 🌀 Launching an eIBC client to provide rollup liquidity
- 📡 Lending on MODE Network via Astaria
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.