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Bitcoin Breakdown
Published on July 5, 2024
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NEED TO KNOW
Mt. Gox Repayments Start
  1. 🌋 Mt. Gox Kicks Off Creditor Repayments. Long-awaited BTC repayments finally started Friday, and markets didn't react well.
  2. 🗳️ Multicoin Pledges $1M for Pro-Crypto Senators. The VC firm pledges to match $1 million in SOL donations to candidates.
  3. 🤭 3AC Wallet Buys NFT. Liquidators appear to have missed a 3-year-old 20 ETH NFT bid from 3AC, which was just accepted on SuperRare.
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MARKET VIBES
Bitcoin Breakdown

📸 Daily Market Snapshot: Maybe better not to check your holdings today... Crypto liquidations nearly surpassed levels reached after the FTX collapse as BTC dipped as low as $54K on Friday, a $10K drop from Monday. Meanwhile, ETH has taken a 22% haircut over the past month.

Prices as of 3pm ET 24hr 7d
Crypto $2.06T ↘3.4% ↘8.0%
BTC $56,514 ↘3.3% ↘6.4%
ETH $2,985 ↘5.1% ↘11.5%
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ANALYSIS
Unpacking the Base Narrative
Bankless Author: David C.

Coinbase’s breakout L2, Base, has quickly become one of the most prominent spots to be onchain this cycle, solidifying itself as one of Ethereum's most innovative corners.

Base's rise and continued development has increasingly become a hot investment narrative that's difficult to ignore.

In this article, we’ll examine what makes Base stand out from other L2s, how it draws power from Coinbase, and its rumored token drop — all of which come together to make Base a can’t-miss destination onchain. Let’s begin! 👇


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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
Trump, Tech, and Crypto

Is the U.S. going to be ok?

Mike Solana (no relation to the chain) is the editor-in-chief of Pirate Wires and the guy who broke the Trump Memecoin news. We brought him on the show today to try to make sense of the current state of politics in the face of the upcoming election and what it all means for crypto.

Expect to learn why tech has pivoted right, why Democrats are cracking down on crypto, why media in 2024 is fundamentally broken, and much more.

Citizens get Early Access to the Monday Podcast and Ryan & David's exclusive Debrief on the interview 👇

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LEARN
What We're Reading
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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 100 other crypto protocols in Airdrop Hunter waiting for you.

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