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Daily Brief

What's Up with ETH ETFs?

gm Bankless Nation, Dencun was 7 days ago, and ETH has had a busy week since.
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Mar 20, 20244 min read
What's Up with ETH ETFs?
Published on Mar 20, 2024
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Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.

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NEED TO KNOW
Ethereum Inquiry
  1. 👨‍⚖️ Ethereum Foundation facing gov inquiry. According to a late-Feb GitHub commit, the EF received a voluntary inquiry from a state authority. Meanwhile, Fortune reports the SEC wants to classify ETH as a security.
  2. 🌪️ Tornado Cash dev accused of laundering $1.2B. Overreaching Dutch prosecutors are trying to pin $1.2 billion in dirty money transfers on Alexey Pertsev.
  3. 🇰🇷 Do Kwon extradition to SK is final. The extradition of Terra's founder to South Korea is final and can't be appealed by the US, his lawyer told CoinDesk.
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GO BANKLESS
Don't Miss Another Airdrop!

Thousands of Bankless Citizens scored an average of $3,500 worth of tokens after Ether.fi's airdrop this week. Did you miss out again?

Ether.fi was in the Bankless Airdrop Hunter, and you could have gotten into the latest drop by following our quests! There are nearly 80 other crypto protocols in Airdrop Hunter waiting for you.

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TODAY IN MARKETS
What's Up with the Ethereum ETF?

📊 Any hope for May approval? Crypto Twitter has been awash with negative takes on the probability of ETH ETF approval, which were only reinforced this morning by a slew of negative headlines. What’s FUD, what’s truth, and is there an opportunity here?

Prices as of 5pm ET 24hr 7d
Crypto $2.53T ↗ 5.2% ↘ 8.0%
BTC $67,354 ↗ 5.2% ↘ 8.0%
ETH $3,468 ↗ 5.3% ↘ 13.0%
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ANALYSIS
Dencun: One Week Later
Bankless Author: Jack Inabinet

After years of planning, Ethereum successfully implemented its Dencun upgrade last week!

While this hard fork introduced nine changes to the network, the most headline-grabbing of them was EIP-4844, which promised to reduce gas fees for Ethereum’s Layer 2s (L2s) through the introduction of “blobs,” which provide a more gas-efficient route to post L2 transaction data.

Today, we turn to the data to analyze if Dencun lived up to the hype and explore how the upgrade has revolutionized Ethereum!👇


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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LATEST POD
7 Top Crypto Narratives of 2024

It's investment narrative season in crypto, but which ones should you pay attention to?

The crypto bull market is here and nothing drives price like a good ol' narrative. On the show today, we walk you through the top seven narratives that we're tracking during this bull run.

Can you guess which one is our favorite? 👇

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METAVERSAL
Parallel's AI Crypto Gaming Moonshot
Bankless Author: William Peaster

While Parallel, a sci-fi trading card battler, is one of crypto’s leading games and the flagship of the Echelon Prime gaming ecosystem, a highly-anticipated second title is on the way: Parallel Colony.

The builders, Parallel Studios, just dropped the official whitepapers for Colony and Wayfinder, with the latter being a new type of AI protocol that will help underpin Colony’s gameplay. 

There’s a lot to unpack from these papers, so let’s get you up to speed on everything you need to know here for today’s post! 👇

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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