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Citizen Daily Brief

The EVM Trailblazers ($)

gm Bankless Citizen, if you've been reading Bankless religiously, you've likely heard the names MegaETH, Monad, Berachain or Sei at least a few times. Today, we're digging into their shared ambitions.
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Oct 17, 2024 β€’ 3 min read
The EVM Trailblazers
Published on Oct 17, 2024
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Sponsor: Cartesi β€” Discover the power of Linux for your ambitious dApps, only on Cartesi.

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NEED TO KNOW
Kraken Launches kBTC
  1. 🟣 Kraken Launches kBTC Wrapped Bitcoin. The new product will initially be available on Ethereum and OP Mainnet.
  2. πŸ₯· FBI Arrests Alleged Hacker Behind Fake SEC Bitcoin ETF Tweet. The FBI just made an arrest in one of crypto's biggest market manipulation cases.
  3. πŸ’° Polymarket Hits $2 Billion in Presidential Election Bets. The betting volume hit a key marker even as Trump's odds on the platform heavily outweigh his chances on other polling sites.
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MARKET VIBES
WLD's Whirlwind

πŸ“Έ Daily Market Snapshot: Crypto investors had their eyes glued on Sam Altman Thursday as he took to the stage to talk Worldcoin's latest – including a new name, a new app, and a new orb. The WLD token is down 6% on the day but is still up over 42% on the month. Where will it go from here?

Prices as of 6pm ET 24hr 7d
Crypto $2.30T β†˜ 0.9% β†— 9.5%
BTC $67,173 β†˜ 0.8% β†— 12.0%
ETH $2,605 β†˜ 0.5% β†— 9.6%
WLD $2.14 β†˜ 5.7% β†— 26.6%

🌐
New Token Rating: The Worldcoin team presented protocol upgrades and gave its thoughts on an AI-enabled future at its keynote presentation today. Why did WLD dump?
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ANALYSIS
4 Hot Projects Accelerating the Ethereum Virtual Machine
Bankless Author: Jun

The Ethereum Virtual Machine (EVM) has quietly become the backbone of blockchain development. It's not just the technology β€” it's the ecosystem of developers, tools, and applications that have grown around it. 

Today, there are a bunch of teams rethinking Ethereum’s design choices, enhancing the EVM to create blockchains that can handle billions of users and thousands of transactions per second. They're taking the strengths of the EVM and pushing the boundaries with new architectures and features.

This article highlights the projects that are accelerating the EVM for massive scalability and paving the way for the future of crypto adoption. Today, we're digging into Monad, MegaETH, Berachain, and Sei. πŸ‘‡


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PREMIUM FEED
The Intersubjectivity Frontier

Bankless Nation, today we’re exploring the Intersubjectivity Frontier!

We brought EigenLayer founder Sreeram Kannan and Uma & Across co-founder Hart Lambur onto the show in our latest episode. Together, they help us make sense of this big PhD word, intersubjectivity, and how it relates to crypto protocols and, more specifically, EigenLayer.

Hear all of the analysis! πŸ‘‡

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TAKE ACTION
What We're Doing

Each week, Citizens get a curated list of market opportunities that the Bankless team is watching πŸ‘‡

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.