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Daily Brief

What ETH Can Do

gm Bankless Nation, just getting started here? Let us tell you what ETH can do.
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Feb 9, 2024 β€’ 3 min read
What ETH Can Do
Published on Feb 9, 2024
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Sponsor: Mantle β€” Mass adoption of decentralized & token-governed technologies.

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NEED TO KNOW
The EigenLayer Boom
  1. πŸ“ˆ EigenLayer nears $6B. In the past week, the total value locked (TVL) in the leading Ethereum restaking protocol tripled from $2B to $6B. The growth comes as the project just temporarily lifted its deposit caps.
  2. πŸŽ‰ Party Rooms arrive. Multiplayer maestros PartyDAO introduced Party Rooms, a new way to group up onchain featuring a private chat + crypto wallet combo for teaming up around any idea.
  3. πŸ† Crypto The Game concludes. Today, players previously eliminated in the Survivor-meets-crypto contest cast their jury votes to decide which of the 21 finalists win the game's 41 ETH (~$100K) prize pot.
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TODAY IN MARKETS
Bitcoin Powers On

🟠 Bitcoin doesn't want to stop. Early this morning, the OG crypto surpassed $47,000 again as inflows showed Thursday emerging as a landmark day for spot BTC ETFs. Is +$50K coming sooner rather than later?

Prices as of 2pm ET 24hr 7d
Crypto $1.8t β†— 4.4% β†— 9.6%
BTC $47,894.28 β†— 6.0% β†— 11.7%
ETH $2,513.52 β†— 3.5% β†— 9.6%
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LEARN
The Bankless Guide to Ethereum

Maybe you've been here a while and you're afraid to ask: what can ETH do?

Today, we go back to basics with The Bankless Guide to Ethereum, offering up some early context to help you make sense of why ETH is such a big deal. If you're still hungry for more, we think you'll find some other guides that will pique your interest. πŸ˜‰


FRIEND & SPONSOR: MANTLE

Mass adoption of token-governed technologies. With Mantle Network – an Ethereum rollup, Mantle Treasury, and a token holder governed roadmap for products and initiatives.

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WEEKLY ROLLUP
'Round and 'Round

With Solana's fresh outage and Ethereum's newest update scheduled, there's a lot to unpack from the past week in crypto. Ryan and David talk the implications of these happenings and more in your latest Weekly Rollup!

Get the full rundown πŸ‘‡

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GO BANKLESS
Earn Airdrops!

Many Bankless Citizens who completed the Jito quests in our Airdrop Hunter app just earned five-figure 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.

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