# Bitcoin's L2 Dreams

*Author: Bankless*
*Published: May 16, 2024*
*Source: https://www.bankless.com/es/bitcoins-l2-dreams*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/05/Group-630--4-.png)](https://www.bankless.com/sponsor/kraken-1682978636?ref=the-curious-case-of-bitcoin-l2s&email=true)

  
Bitcoin's L2 Dreams
  

  
  Published on May 16, 2024

[
  
  View in Browser

](https://bankless.com/read/briefs)
 

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[**Sponsor: Kraken**](https://www.bankless.com/sponsor/kraken-1682978636?ref=the-curious-case-of-bitcoin-l2s&email=true) — *Sign up for an account and see what crypto can be. *

[Sign up for Kraken](https://www.bankless.com/sponsor/kraken-1682978636?ref=the-curious-case-of-bitcoin-l2s&email=true)

.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
Senate Knocks SEC
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/05/Group-15--27-.png)](https://www.bankless.com/dashboard)- 👨‍⚖️ **Senate Votes to Repeal SEC Crypto Rule. **In a 60-38 vote, the Senate moved to repeal the SEC’s policy requiring firms that custody crypto to record customer holdings on their balance sheets as *liabilities*. 
[*Read more on Bankless.*](https://www.bankless.com/senate-repeals-sec-rule)
- 👠** Pump.fun Hit for $2M in Flash Loan Exploit. **Solana's buzzy memecoin launcher hit with attack.
[*Read more on Bankless.*](https://www.bankless.com/pump-fun-hit-for-2m-in-flash-loan-exploit)
- **🚀 Blast's Token Airdrop Delayed.** The L2's long-awaited drop will now take place June 26.
[*Read more on Bankless.*](https://www.bankless.com/blast-delayed)

.  .  .

 
  
    

    TODAY IN MARKETS

  
  
    
Synthetic Dollar Slump
  
  
   
     
     Bankless Author: 
     
      [
       
       Jack Inabinet](https://twitter.com/JackInabinet)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/05/image---2024-05-16T155917.863.png)](https://www.bankless.com/synthetic-dollar-slump)**📊 Fall from Grace.** The token of synthetic dollar stablecoin issuer Ethena underwent an impressive post-launch surge, but once the initial rally petered out, ENA found itself caught in a perpetual downtrend! *Why has ENA continued to plunge, and what moves is the team making to bolster adoption of its stablecoin?*

[Read More Analysis on Bankless.com](https://www.bankless.com/synthetic-dollar-slump)

Prices as of 4pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $2.35T
       

  
    
    ↘ 1.3%
    
  

   
    
    ↗ 1.7%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $65,133
       

  
    
    ↘ 1.1%
    
  

   
    
    ↗ 4.4%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $2,941
       

  
    
    ↘ 2.4%
    
  

   
    
    ↘ 2.5%
    
  

  

.  .  .

 
  
    

    ANALYSIS

  
  
    
   
The Curious Case of Bitcoin L2s

  
  
   
     
     Bankless Author: 
     
      [
       
       Arjun Chand](https://twitter.com/arjunnchand)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/05/image---2024-05-16T155655.836-1.png)](https://www.bankless.com/the-curious-case-of-bitcoin-l2s)**Bitcoin has had an explosion in development.**

It’s evolving from being laser-eyed on BTC as an asset to a more dynamic ecosystem that has different things for people to use, build, and speculate on.

Within the Bitcoin ecosystem, L2s are now the new hot thing. Everyone wants a piece of the Bitcoin L2 pie. But what’s the hype all about?

*Let's dive in!* 👇

[Get the Full Analysis](https://www.bankless.com/the-curious-case-of-bitcoin-l2s)
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