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Citizen Daily Brief

What's Up with ETH ETFs? ($)

gm Bankless Citizen, Dencun was 7 days ago, and ETH has had a busy week since.
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Mar 20, 20243 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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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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