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Daily Brief

The Regulatory Blitz

gm Bankless Nation, time for lessons learned from 2023's biggest regulatory moves.
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Dec 19, 20233 min read
The Regulatory Blitz
Published on Dec 19, 2023
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Sponsor: Kraken — Sign up for an account and see what crypto can be.

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NEED TO KNOW
Binance Settles Again
  1. 🧑‍⚖️ Binance settlement greenlit. A federal judge approved a settlement between the exchange giant and the CFTC, mandating former CEO Changpeng Zhao to pay $150M and Binance to pay $2.7B in fines.
  2. 🎨 Frame unveils FRAME. The upcoming, Arbitrum-powered NFT L2 announced its governance token and airdrop plans for early 2024–if you've traded NFTs on ETH over the past couple years, you'll be able to claim!
  3. 👻 Phantom adds Bitcoin. The OG Solana wallet is continuing its multichain expansion plans, revealing today that its adding Bitcoin support alongside its existing Solana, Ethereum, and Polygon offerings.
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TODAY IN MARKETS
Never Sei Never
'

⛓️ SEI's turn? Parallelized EVM blockchains are gaining traction as this cycle’s ETH killers. Fueled by the narrative, the native token of alt-L1 Sei is on track to enjoy its best stretch of uninterrupted daily gains ever! Is this momentum here to stay?

Prices as of 12pm ET 24hr 7d
Crypto $1.58t ↘ 0.6% ↗ 2.0%
BTC $42,412.60 ↗ 1.7% ↗ 3.1%
ETH $2,182.21 ↗ 0.6% ↗ 0.2%
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ARTICLE
The Year Regulators Went Wild
Bankless Author: Jack Inabinet

In 2023, regulators in the U.S. threw the gauntlet down on crypto companies, ranging from small projects to exchange giants. Today, we look back on the 5 biggest regulatory events in the space from the past year.

Read the full free article on our website 👇


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
2024 Crypto Theses

Messari founder and CEO Ryan Selkis just joined us on the pod to talk the latest Crypto Theses release, Messari's annual forward-looking report on crypto industry trends.

Are we really in a new bull market? Who will be the big BTC ETF winners? Can USDC flip USDT? Check out the convo to wrap your head around some of the main intrigues we might see in 2024! 👇

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AIRDROP HUNTER
Latest Hunt: Zeta Markets

The hunt is on! Zeta Markets is a DeFi perps protocol on Solana. The project just launched its Z-Score points system, suggesting an airdrop is imminent. We've added new quests to our Zeta page on Airdrop Hunter accordingly. Check them out! 👇

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GO BANKLESS
Earn Airdrops!

Many Bankless Citizens who completed the Jito quests in our Airdrop Hunter app just earned $10k+ 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.