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Citizen Daily Brief

What's Next for ETH? ($)

gm Bankless Citizen, Ethereum has big things ahead. In today's issue, we're digging into the next hard fork for the network.
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Jun 17, 2024 โ€ข 3 min read
What's Next for ETH?
Published on June 17, 2024
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Sponsor: Mantle โ€” Mass adoption of decentralized & token-governed technologies.

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NEED TO KNOW
ZK Token Claims Launch
  1. ๐Ÿ’ค ZKsync's ZK Token Goes Live. The ZK token is currently trading at a fully diluted value of $4.7 billion.
    Read more on Bankless.com
  2. ๐Ÿฅ‡ Tether Enters the Gold Game. The USDT giant releases a gold-backed stablecoin.
    Read more on Bankless.com
  3. ๐Ÿ‘‹ SEC's Top Crypto Enforcer Quits. David Hirsch, head of the SECโ€™s Crypto Asset and Cyber Unit, steps down.
    Read more on Bankless.com
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MARKET VIBES
ZK's Rough Debut

๐Ÿ“ธ Daily Market Snapshot: Altcoin wreckage deepened today, even amid ZKsync's much-hyped token launch. ZK is trading at nearly half its pre-launch estimates, a disappointing debut that is also dressing down other tier-two L2 tokens like STRK.

Prices as of 5pm ET 24hr 7d
Crypto $2.41T โ†˜ 1.1% โ†˜ 4.7%
BTC $66,601 โ†— 0.2% โ†˜ 4.2%
ETH $3,520 โ†˜ 2.0% โ†˜ 4.0%
TON $7.74 โ†˜ 3.8% โ†— 8.0%

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New Token Rating: The Open Networkโ€™s TON coin has been one of the top-performing tokens of 2024. Can it continue to shine as an out-performer?
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ANALYSIS
Unpacking Pectra: Ethereum's Next Upgrade
Bankless Author: William M. Peaster

Ethereum is always pushing forward.

What's coming next? Pectra is the next major Ethereum upgrade, and itโ€™s set to be an even bigger deal than Dencun was. 

Pectra combines two previously planned upgrades: Prague (for the execution layer) and Electra (for the consensus layer).  By merging these specs, Pectra aims to bring several ambitious improvements to Ethereum, making it more flexible and optimized than ever before.

What's Pectra all about? We've got you covered in today's article ๐Ÿ‘‡


FRIEND & SPONSOR: MANTLE

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

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LATEST POD
New Binance CEO

It's been an insane year for Binance with a record fine, a record BNB pump, and CZ serving time in prison.

We caught up on all things Binance in this interview with the new CEO of Binance, Richard Teng, who talked about what's happened and what's ahead.

Citizens get access to Ryan & David's exclusive Debrief on the interview ๐Ÿ‘‡

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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