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Bitcoin Bounces Back
Published on May 3, 2024
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Sponsor: KrakenSign up for an account and see what crypto can be.

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NEED TO KNOW
BTC Bounces Back
  1. 🧡 Bitcoin bounces back. Crypto markets undid a couple grim days with BTC touching above $63K on Friday after a broader rally of risk-on assets.
  2. 🎰 ZKasino arrest. A 26yo man believed to be the founder of VC-backed crypto gambling startup ZKasino was arrested on suspected fraud charges and had 11.4 million euros in assets seized.
  3. ⬛️ Block buying more BTC. Dorsey’s payments company Block is planning to use 10% of gross profits from its crypto business to make BTC buys every month this year.
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TODAY IN MARKETS
Good Bad News for Crypto

📊 Back already? Risk assets pumped this morning following weaker-than-expected employment with Bitcoin up 5%, a surge directly attributable to the increased probability of steeper and sooner interest rate cuts. Why is bad news good for your bags?

Prices as of 5pm ET 24hr 7d
Crypto $2.32T ↗ 4.4% ↘ 1.7%
BTC $62,653 ↗ 5.8% ↘ 2.2%
ETH $3,110 ↗ 3.6% ↘ 1.3%
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ANALYSIS
Your Free Tokens Are Not Available
Bankless Author: Jack Inabinet

EigenLayer’s token drop was announced on Monday, but plenty of users across the globe were disgruntled that the claim page for EIGEN is "Not Available" to them.

Who can't claim? Not only are residents from a expansive list of nations including the U.S. banned from claiming EIGEN, the claims site explicitly blocks users from interacting with the frontend via VPN or other proxy technologies!

See why EigenLayer is blocking your bags 👇


FRIEND & SPONSOR: KRAKEN

Kraken is one of the largest and most secure crypto platforms in the world. They've been in the crypto game for over a decade, and now they're inviting us all on a journey to see what crypto can be.

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EARLY ACCESS
The Battle Between VCs & Retail

Are crypto VCs and retail investors sworn enemies in this cycle?

Today we explore the frontier of Venture Capitalists vs Retail Investors, are they at war? That’s exactly what we debate on the show with crypto writer and VC Regan Bozman.

Bankless Citizens get Early Access to our Monday Podcast and an exclusive Debrief of the episode 👇

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INVEST
This Week's Yield Opps

Each week, Citizens get a curated list of yield opportunities that the Bankless team is watching. As a free subscriber, you're missing out! 👇

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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. 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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