Waiting for Gary
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- 🤔 Waiting for ETFs. Crypto Twitter is still convinced the BTC ETF is getting approved within days. Meanwhile, VanEck pledged 5% of potential ETF profits toward Bitcoin core devs at Brink.
- 🌡️ Celsius mass unstaking. The disgraced lender is unstaking hundreds of millions of dollars worth of ETH as it prepares to distribute assets to lenders, clogging the withdrawal queue for weeks.
- 📈 Macro surprises. December jobs numbers smashed expectations, leading economists to wonder whether rate cuts might be further off than analysts expect.
📊 LST depeg risk? Celsius has jammed Ethereum’s validator withdrawal queue shut for the next 14 days, the longest delay since the queue cleared out for the first time post-Shapella in October! Are liquid staking tokens (LSTs) now flirting with a risk of depeg?
| Prices as of 4pm ET | 24hr | 7d |
|
Crypto $1.65T | ↘ 2.4% | 0.0% |
|
BTC $43,773 | ↘ 1.4% | ↗ 3.7% |
|
ETH $2,240 | ↘ 1.9% | ↘ 3.0% |
Solana continues to heat up, and as more users explore the network for the first time, we're revisiting some of its most popular platforms. Today, we're digging into Solana's Drift decentralized exchange and providing you with our take on the experience.
Here's what our Senior Analyst thinks 👇
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.
In our latest Weekly Rollup, David and Ryan discuss the latest BTC ETF drama, the latest draconian IRS crypto tax rules and what's going on in Ethereum development.
Hear it all in this latest episode fresh off the press! 👇
- 📌 State of DePIN 2023 - Messari
- 🐍 Synthetix Market Manipulation - Omer Goldberg
- 🗺️ Ethereum L1 Scaling Roadmap - Polynya
- 📆 Ethereum Wrapped: 2023 in Review - J. Hackworth
- 🧽 The Era of Soft Composability - Ilemi
- 🌍 Introducing Realms Worlds L3 Katana - Cartridge
- ⏭️ Crypto Projects We’d Like to See in 2024 - Variant
- 😯 Etherscan is a Critical Point of Failure - Marco Worms
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.