What Vitalik Thinks ($)
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- 👩⚖️ Warren's crypto crackdown. Today, Sen. Elizabeth Warren introduced draconian legislation going after crypto and DeFi.
- ⚠️ Binance tumbles. Binance's market share of crypto trading plummeted in 2023 – from 55% down to roughly 30%.
- 💵 IRS wants its cut. FTX's $24 billion IRS tax bill is holding up users from recovering their funds, the company says.
📊 Market falls. Crypto markets are having their worst day since August. Bitcoin and Ether faced major losses, and the total crypto market cap (TOTAL) is dialing back further as well as longs get liquidated across the board. Is this pullback a chance to buy the dip?
| Prices as of 5pm ET | 24hr | 7d |
|
Crypto $1.56T | ↘ 5.2% | ↗ 1.3% |
|
BTC $41,150 | ↘ 6.1% | ↘ 1.7% |
|
ETH $2,216 | ↘ 6.2% | ↘ 0.6% |
For our 200th Episode 👀 of Bankless, we had to bring in Vitalik to discuss his latest manifesto on tech progress, AI doomers and effective accelerationism. It's an amazing conversation.
Bankless Citizens get an exclusive Debrief conversation unpacking the episode👇
Do more in web3, your way. MetaMask Portfolio provides secure, easy to use, and convenient access to web3 features and services in one place. View and manage your assets from your dashboard. You can also buy, sell, swap, stake, and bridge tokens!
Our first Journey is a big one, but it is focused on why we're here in crypto. It's a big list of some of our favorite podcasts and essays, so don't worry if you can't make it through them all in a weekend. You're still early, and you're on the right track!
Dig into our first Journey 👇
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.