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Citizen Daily Brief

What Crypto Built This Winter ($)

gm Bankless Citizen, yes, the bear market has been brutal, but crypto's builders have risen to the occasion.
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Feb 7, 20243 min read
What Crypto Built This Winter
Published on Feb 7, 2024
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Sponsor: Kraken — Sign up for an account and see what crypto can be.

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NEED TO KNOW
Wormhole Airdrop
  1. 🪱 Wormhole announces airdrop. Cross-chain protocol Wormhole shared the impending airdrop of its W token. The startup behind the protocol raised funding from VCs last November at a $2.5B valuation.
  2. 🌴 Dencun moves one step closer to rollout. Ethereum's next big upgrade has deployed on the Holesky test network, its last major test rollout before mainnet Ethereum deployment next month.
  3. 🛒 MicroStrategy's BTC buying spree. Michael Saylor's MSTR bought nearly 32,000 BTC last quarter, and now holds 190K BTC.
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TODAY IN MARKETS
Dymension's Chaotic Airdrop

📊 DYM Outlook? Modular settlement layer Dymension went to mainnet yesterday, distributing 70M DYM tokens worth $420M to bluechip NFT holders and participants in the Celestia, Ethereum, Solana, and Cosmos ecosystems in the process! What should you do with your free DYM?

Prices as of 5pm ET 24hr 7d
Crypto $1.69T ↗ 2.0% ↗ 4.3%
BTC $44,189 ↗ 2.3% ↗ 4.1%
ETH $2,429.64 ↗ 2.0% ↗ 6.7%
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ANALYSIS
What Crypto Built In This Bear
Bankless Contributor: Arjun Chand

It was a tough bear market. We don't need to tell you, you were here alongside us!

But crypto built its way through the tough times, and created infrastructure that's going to power us through the next bull market. Today, we break down the most impactful advances that builders pushed forward in this crypto winter.

Dig in for the full analysis 👇


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
Farcaster's Big Moment

Farcaster is a Twitter-like crypto social media app that just launched a killer new feature called Frames.

We think Farcaster frames could be a breakout use-case for crypto this year and a way to onboard the masses in the months to come. In this latest episode, we're joined by founder Dan Romero.

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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