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Daily Brief

Bitcoin Runes Fever

gm Bankless Nation, Runes are live, but can they keep their momentum going?
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Apr 22, 20243 min read
Bitcoin Runes Fever
Published on Apr 22, 2024
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Sponsor: Celo — Celo is returning to Ethereum with OP Stack and celebrating four years of mainnet!

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NEED TO KNOW
Thailand Gets Aggressive
  1. 🇹🇭 Thailand to block unlicensed crypto platforms. Thailand's SEC has announced plans to soon block access to ‘unauthorized’ crypto platforms in the country.
  2. 🎰 ZKasino prompts outrage. Investors are crying “rug” after the crypto gambling network reneged on its launch plans and delayed $33M in redemptions; the project denies wrongdoing. 
  3. 🪴 Magic Eden debuts Runes platform. The beta store allows users to buy Ordinals and Runes on Bitcoin inside of the marketplace's native wallet.
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TODAY IN MARKETS
Crypto's Bitcoin Runes Fever

📊 Runes launch. The launch of Runes, a new protocol for minting fungible tokens on Bitcoin, did live up to the hype, at least initially. Are Runes a short-lived fad, or could they usher in a new future for Bitcoin and its fee volumes?

Prices as of 3pm ET 24hr 7d
Crypto $2.43T ↗ 2.5% ↗ 6.1%
BTC $66,337 ↗ 2.7% ↗ 5.6%
ETH $3,192 ↗ 1.6% ↗ 4.2%
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ANALYSIS
Countdown to Blast's Airdrop
Bankless Author: David C

It's been a busy past few months for Blast.

The much-hyped, much-derided L2 is prepping for a big airdrop, but how is the network doing? In today's article, we dig into the health metrics of the project and some of the traction of its most promising projects.

Check out Blast's top projects 👇


FRIEND & SPONSOR: CELO

After Celo’s community unanimously voted to migrate the mobile-first, EVM-compatible L1 to an Ethereum L2 (#CEL2), core contributors cLabs spent months evaluating and testing leading tech stacks. On Celo mainnet’s 4-year anniversary, cLabs is excited to announce its proposal to leverage Optimism’s OP Stack.

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LATEST POD
Pomp on Bitcoin

Bankless Nation, we’ve finally got him… Pomp is here.

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 an exclusive Debrief of the episode 👇

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GO BANKLESS
Don't Miss Another Airdrop!

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.

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