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Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.
- 👎 BTC ETF flows go negative. GBTC dumping outpaced inflows on Wednesday with a net outflow of $158 million. JPMorgan has said Grayscale pressure is likely over.
- 🇺🇸 US prepping to unload BTC. The government is getting ready to sell $117 million worth of BTC it seized in 2018 from a pair of individuals connected to Silk Road.
- 🦢 Swan debuts mining arm. Swan is getting into the mining game, announcing today they have mined 750 BTC and are scaling operations to hit "full deployment" in March.
📊 AI energy. Chip designer Nvidia is off to a strong start in 2024, posting gains of 27% and upping its market cap by $320B, an increase equivalent to one-fifth of the size of the total crypto market! What crypto play has given investors exposure to AI upside?
| Prices as of 4pm ET | 24hr | 7d |
|
Crypto $1.55T | ↗ 0.3% | ↘ 4.9% |
|
BTC $39,818 | ↗ 0.2% | ↘ 3.1% |
|
ETH $2,217 | ↗ 0.3% | ↘ 9.8% |
EigenLayer is a hot topic lately, but just how big is the opportunity?
Today, we’ll be discussing why it's a game changer, giving examples of the types of services that can be built on top of it, presenting you with our rationale for why EigenLayer is the next billion-dollar airdrop, and estimating how large of an airdrop you can expect to receive by participating in the EigenLayer opportunity.
All your EigenLayer airdrop questions answered 👇👇👇
Mass adoption of token-governed technologies. With Mantle Network – an Ethereum rollup, Mantle Treasury, and a token holder-governed roadmap for products and initiatives.
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.