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Citizen Daily Brief

Surprise Ethereum ETF Approval? ($)

gm Bankless Citizen, why are your ETH bags pumping? Analysts are signaling a surprise reversal in the SEC's ETF approval plans.
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May 20, 20242 min read
Surprise Ethereum ETF Approval?
Published on May 20, 2024
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Sponsor: KrakenSign up for an account and see what crypto can be.

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NEED TO KNOW
Surprise ETF Approval?
  1. 🎉 Ethereum ETF Approval Incoming? After months of bearishness, is an eleventh-hour reversal coming from the SEC?
    Read more on Bankless.
  2. 👋 Michael Sonnenshein Out as Grayscale CEO. The crypto ETF giant is getting a new leader.
    Read more on Bankless.
  3. 🧑‍⚖️ Genesis $2B Settlement Approved by Judge. It's the largest settlement against a crypto company in New York's history.
    Read more on Bankless.
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TODAY IN MARKETS
Don't Buy That Hot New Token
Bankless Author: Jack Inabinet

📊 Don’t Ape That. Prolific pseudonymous crypto trader “Cobie” has been largely absent from industry discourse in recent months but returned yesterday, publishing a lengthy screed to his blog discussing the issues and misconceptions surrounding new token launches. Why does Cobie think new tokens are going down-only from here?

Prices as of 6pm ET 24hr 7d
Crypto $2.56T ↗ 6.0% ↗ 11.3%
BTC $69,612 ↗ 5.0% ↗ 10.7%
ETH $3,630 ↗ 18.3% ↗ 23.1%
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TACTIC
DIY Memecoins on Base
Bankless Author: William M. Peaster

It’s memecoin season, and we’ve seen a rise in “memecoin launcher” projects. The idea? These do-it-yourself platforms make it easy to create and deploy your own memecoins.

I’ve covered a couple of these projects so far, like Pump.fun and Party, and more are launching every week. A new one that caught my eye this month is Basecamp. It's a 1-click memecoin deployer with no launch costs except the ETH you need for gas. 

Read more 👇


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
The New Surveillance State

Are we being watched? That’s the question we ask Byron Tau, an investigative journalist and author of “Means of Control,'' which dials into the U.S. surveillance state.

It turns out the government has a digital dossier on every citizen – but how? How do they collect the data? How are they using it? Can we ever get back our digital privacy?

Bankless Citizens get an exclusive Debrief of the episode 👇

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CITIZEN ONLY
Don't Lose Discord Access

By June 3, only active Citizens who connect their Discord to Bankless will be able to access all of the channels in our Discord. Everyone else will be purged on June 3!

Head to https://www.bankless.com/discord to link your Discord account to Bankless today! It only takes a few seconds!

To check if you've correctly connected your account:

  1. Open Bankless Nation Discord
  2. Click on Channels & Roles
  3. View your roles in the My Profile panel on the right
  4. If your account is correctly connected, you should have either or both of the following roles: "Citizen" and/or "Veteran"

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.