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Daily Brief

Crypto Regulation Isn't Hard

gm Bankless Nation, your friendly neighborhood regulators desperately want to protect you from airdrops.
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Feb 8, 2024 โ€ข 3 min read
Crypto Regulation Isn't Hard
Published on Feb 8, 2024
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Sponsor: Mantle โ€” Mass adoption of decentralized & token-governed technologies.

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NEED TO KNOW
Dencun is Coming
  1. ๐Ÿ๏ธ Dencun targeted for March 13. ETH's next big upgrade has a date! Learn about what the Dencun upgrade entails.
  2. ๐Ÿฆ… SEC Commissioner wants crypto safe harbor. Friend of crypto Hester Peirce is pushing for a 3-year safe harbor plan for early crypto projects that plan to decentralize.
  3. ๐Ÿ™… Binance offers bounties for 'corrupt employees.' After the RON token surged before an official listing announcement, Binance co-founder Yi He warned staff about leakers and offered up to $5M bounty for info.
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TODAY IN MARKETS
BTC Bulls Accumulate

๐Ÿ“Š BTC back above $45K. Bitcoin jumped today, rising 5% to around $45,000. Hovering in the mid-40s for some time now, Bitcoin has demonstrated impressive resilience amid continued bear calls. What's to credit for this recent BTC bump?

Prices as of 2pm ET 24hr 7d
Crypto $1.72T โ†— 2.7% โ†— 4.9%
BTC $45,298 โ†— 3.8% โ†— 5.7%
ETH $2,430 โ†— 0.6% โ†— 5.9%
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ANALYSIS
Stop Pretending Crypto Regulation is Hard
Bankless Author: Ryan Sean Adams

Regulating crypto is actually pretty easy. A lot of regulators and lawmakers are being intentionally obtuse. What is it that we want?

Protect us from the next FTX, not the next airdrop ๐Ÿ‘‡


FRIEND & SPONSOR: MANTLE

Mass adoption of token-governed technologies. With Mantle Network โ€“ an Ethereum rollup, Mantle Treasury, and a token holder governed roadmap for products and initiatives.

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LATEST POD
It's Restaking Summer

EigenLayer restaking caps are back open and it's time to dive in!

In this latest episode, Ryan and David talk restaking summer and what that means for the future of Ethereum. They also discuss some incredibly valuable investing wisdom from Chris Burniske.

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ANALYSIS
5 Sui Projects You Should Try Today
Bankless Contributor: David C.

Sui is making quite the wave โ€“ surpassing $500M in TVL and nearly 3Xing since the beginning of December.

Today, we're breaking down five of the protocols on the network that you should be experimenting with. As we explore these five Sui ecosystem plays, remember that on the frontier, reward always comes tightly intertwined with risk!

Dig in for the full analysis ๐Ÿ‘‡

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AIRDROP HUNTER
Latest Hunt: Squid Router

It's Airdrop Season! Squid Router is your bridge between the worlds of Cosmos and the EVM. While the protocol hasn't confirmed a token, we think they're a pretty solid candidate, and we've added a quest for it to Airdrop Hunter. Check it out! ๐Ÿ‘‡

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GO BANKLESS
Earn Airdrops!

Many Bankless Citizens who completed the Jito quests in our Airdrop Hunter app just earned five-figure airdrop paydays!

It's airdrop season, and plenty of other protocols are preparing to reward early users. Get on their lists. Start hunting!

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.