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Citizen Daily Brief

Waiting for World Liberty ($)

gm Bankless Citizen, despite another insane weekend of political turmoil, Trump is still planning to launch his DeFi project tonight. Will crypto embrace the play?
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Sep 16, 20243 min read
Waiting for World Liberty
Published on Sept 16, 2024
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Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.

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NEED TO KNOW
Crypto Cozies Up to Trump
  1. 🌍 Scroll Founder and Polychain GP Join Trump's World Liberty Financial as Advisors. The soon-to-launch DeFi project adds its most prominent advisors yet.
  2. 🇧🇹 Bhutan Holds $780M Bitcoin Acquired Via Stated-Funded Mining. Bhutan is now the 4th largest government holder of BTC.
  3. 🧑‍⚖️ SBF Appeals Fraud Conviction, Claiming Unfair Trial. SBF claims that he was the victim.
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MARKET VIBES
How Low?

📸 Daily Market Snapshot: Rate cuts are coming, but expectations of a quarter-point cut have given way to a half-point, and now Sen. Elizabeth Warren is clamoring for a 75-basis-point cut to rates amid fears the labor market has already slowed too much. Crypto prices took a hit Monday as traders questioned whether the soft landing equation had shifted.

Prices as of 4pm ET 24hr 7d
Crypto $2.02T ↘ 3.2% ↗ 0.5%
BTC $57,901 ↘ 3.3% ↗ 1.7%
ETH $2,276 ↘ 4.1% ↘ 2.9%
ENA $0.21 ↘ 4.0% ↘ 10.1%

New Token Rating: Ethena's ENA continued on its relentless 5-month grind lower today. Will the pain ever end?
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TACTIC
Getting Started with Ethereum Follow Protocol
Bankless Author: William M. Peaster

Get ready for a more social onchain future.

The Ethereum Follow Protocol is, as its name suggests, a protocol designed for following Ethereum accounts. You can think of EFP as an onchain social graph—a follower list you own.

The system is built around the Ethereum Name Service, and the connections you make and manage in the protocol don’t just exist on one website. Instead, they’re onchain data objects that can be seen and used anywhere else, like integrations in third-party apps. 

The protocol hits mainnet next week, but you can follow our guide to try it out in testnet today. 👇


FRIEND & SPONSOR: MANTLE

Mantle kickstarts Season 1 of Methamorphosis. Building on the success of their Liquid Staking Token, mETH, Mantle LSP announces plans for a new Liquid Restaking Token, cmETH, along with a governance token, COOK. With Methamorphosis, participants can now farm Powder for future COOK tokens and position themselves early for upcoming cmETH release.

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.

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