Citizen Daily Brief

This is Why Bitcoin is Surging ($)

gm Bankless Citizen, it's already feeling hard to remember what life was like before $60k BTC.
Feb 28, 2024 โ€ข 4 min read
This is Why Bitcoin is Surging
Published on Feb 28, 2024
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Sponsor: Mantle โ€” Mass adoption of decentralized & token-governed technologies.

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BTC Gets Extra Volatile
  1. ๐Ÿ’ฐ BTC volatility unleashes liquidations. Bitcoin shot for the moon this morning before a flash crash from $64k to $59k triggered over $600 million in liquidations.
  2. ๐Ÿ“ˆ ETFs hit another record. Bitcoin spot ETF trading volume hit $7.5B today, more than doubling the previous record.
  3. ๐Ÿ”ต Coinbase app crashes. Amid today's rapid price swings, Coinbase users across the U.S. reported outages and more worrisome zero-dollar balances in their accounts.
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Here's Why Bitcoin is Surging

๐Ÿ“Š Pump rationale. Bitcoin kissed $64k this morning before dropping 8% in 15 minutes, wicking as low as $58.7k on Binance. Volatility in crypto markets is increasing, but all-time highs are within one strong daily candle away! Hereโ€™s why BTC surged today ๐Ÿ‘‡

Prices as of 4pm ET 24hr 7d
Crypto $2.23T โ†— 3.9% โ†— 14.4%
BTC $60,344 โ†— 6.3% โ†— 17.6%
ETH $3,315 โ†— 2.0% โ†— 13.5%
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Latest Hunt: Aftermath

It's Airdrop Season! Sui is becoming a hotbed of onchain activity, and Aftermath Finance is one of the top DEX aggregators on the network. We think there could be a token opportunity, and we've added seven quests for the protocol to Airdrop Hunter.

Check them all out! ๐Ÿ‘‡

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United Rollups of Ethereum

It's about time for a deep dive into shared sequencing.

Where the fragments of Ethereum threaten to turn the digital ecosystem into a maze of confusion, Justin Drake & Ben Fisch stand tall, illuminating the way to come and save us from the labyrinth of Ethereumโ€™s rollup-centric roadmap.

David, Justin, and Ben discuss the promises and pitfalls of the rollup future.

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Getting Started on Nifty Island
Bankless Author: William M. Peaster

Earlier this week, we dug into Yuga's missteps with Otherside and the potential for scrappier competitors to steal the community's time and attention. We particularly highlighted upstart Nifty Island's open beta, which arrived last month and has seen some buzz inside the crypto world.

Today, we're digging in with a quick tactic on getting started with your own island and potentially qualifying for rewards down the road.

  • ๐ŸŒ Access Nifty Island โ€” Visit niftyisland.com, log in with your wallet or social account, and accept the Terms of Service.
  • ๐ŸŽฎ Start Playing โ€” Launch the game from niftyisland.com/play. Complete the tutorial to earn initial Blooms and learn the game controls, then explore different islands and try different match types. 
  • ๐ŸŒธ Stack Blooms โ€” Participate in games and daily quests to accumulate Blooms, which will increase your $ISLAND eligibility.
  • ๐Ÿ›๏ธ Spend Blooms โ€” Use Blooms in the Nifty Marketplace to buy new assets that can enhance your island and attract more visitors to further boost your $ISLAND eligibility.
  • ๐Ÿ‘ซ Play Socially โ€” Invite friends to play on your island and share your games on social media for additional points.
  • ๐Ÿ–ผ๏ธ Collect NFTs โ€” Increase your Collector Tier by holding Nifty Island NFTs and those from partner collections.


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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Playing the Parallel Open Beta
Bankless Author: William M. Peaster

Parallel has long been seen as one of the more innovative crypto gaming titles. Yes, it's one of many trading card games in the crypto world, but it's developed a major following and is finally launching its open beta tomorrow.

In today's Metaversal newsletter, we dive into the beta and showcase everything that makes it special ๐Ÿ‘‡

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.