Welcome to Restaking Summer
Published on Jan 25, 2024
Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.
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NEED TO KNOW
ETF Flows Negative
👎 BTC ETF flows go negative. GBTC dumping outpaced inflows on Wednesday with a net outflow of $158 million. JPMorgan has said Grayscale pressure is likely over.
🇺🇸 US prepping to unload BTC. The government is getting ready to sell $117 million worth of BTC it seized in 2018 from a pair of individuals connected to Silk Road.
🦢 Swan debuts mining arm. Swan is getting into the mining game, announcing today they have mined 750 BTC and are scaling operations to hit "full deployment" in March.
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TODAY IN MARKETS
AI Tokens Ready to Rip?
📊 AI energy. Chip designer Nvidia is off to a strong start in 2024, posting gains of 27% and upping its market cap by $320B, an increase equivalent to one-fifth of the size of the total crypto market! What crypto play has given investors exposure to AI upside?
Crypto
$1.55T
↗ 0.3%
↘ 4.9%
BTC
$39,818
↗ 0.2%
↘ 3.1%
ETH
$2,217
↗ 0.3%
↘ 9.8%
. . .
ANALYSIS
Welcome to Restaking Summer
Bankless Author:
EigenLayer is a hot topic lately, but just how big is the opportunity?
Today, we’ll be discussing why it's a game changer, giving examples of the types of services that can be built on top of it, presenting you with our rationale for why EigenLayer is the next billion-dollar airdrop, and estimating how large of an airdrop you can expect to receive by participating in the EigenLayer opportunity.
All your EigenLayer airdrop questions answered 👇👇👇
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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GO BANKLESS
Earn Airdrops!
Many Bankless Citizens who completed the Jito quests in our Airdrop Hunter app just earned $10k+ airdrop paydays!
It's airdrop season and plenty of other protocols are preparing to reward early users. Get on their lists. Start hunting!