# Welcome to Restaking Summer

*Author: Bankless*
*Published: Jan 25, 2024*
*Source: https://www.bankless.com/es/restaking-summer-eigenlayer*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/01/Frame-50474--7-.png)](https://www.bankless.com/sponsor/mantle-1706216729?ref=welcome-to-restaking-summer-eigenlayer&email=true)

  

     Welcome to Restaking Summer
  
  

  
  Published on Jan 25, 2024

[
  
  View in Browser

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

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[**Sponsor: Mantle**](https://www.bankless.com/sponsor/mantle-1706216729?ref=welcome-to-restaking-summer-eigenlayer&email=true) — Mass adoption of decentralized & token-governed technologies.

[Visit mantle.xyz to Learn More](https://www.bankless.com/sponsor/mantle-1706216729?ref=welcome-to-restaking-summer-eigenlayer&email=true)

.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
   ETF Flows Negative
  
  

  

 

![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/01/Group-14--19-.png)- 👎 **BTC ETF flows go negative.** GBTC dumping outpaced inflows on Wednesday with [a net outflow of $158 million](https://twitter.com/JSeyff/status/1750515729638564332). JPMorgan has said Grayscale pressure [is likely over](https://www.theblock.co/post/274514/bitcoin-btc-price-jpmorgan-gbtc).
- 🇺🇸 **US prepping to unload BTC. **The government is [getting ready to sell](https://www.theblock.co/post/274574/us-files-intent-to-dispose-117-million-in-bitcoin-seized-from-silk-road-drug-dealer) $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](https://twitter.com/Swan/status/1750565936216649860) they have mined 750 BTC and are scaling operations to hit "full deployment" in March.

.  .  .

 
  
    
      
      TODAY IN MARKETS
    
    
  
  
    
    AI Tokens Ready to Rip?
  
  

  

 
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/01/image---2024-01-25T153818.991.png)](https://www.bankless.com/are-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?*

Prices as of 4pm ET
24hr
7d

 

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

  **Crypto**
   
          $1.55T
       

  
    
    ↗ 0.3%
    
  

   
    
    ↘ 4.9%
    
  

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

  **BTC**
   
          $39,818
       

  
    
    ↗ 0.2%
    
  

   
    
    ↘ 3.1%
    
  

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

  **ETH**
   
          $2,217
       

  
    
    ↗ 0.3%
    
  

   
    
    ↘ 9.8%
    
  

  

[Unlock Today's Full Market Analysis](https://www.bankless.com/are-ai-tokens-ready-to-rip)

.  .  .

 
  
    

    ANALYSIS

  
  
    
   Welcome to Restaking Summer
  
  
  
  
  
   
     
     Bankless Author: 
     
      [
       
       Jack Inabinet
     
    ](https://twitter.com/JackInabinet)
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/01/image---2024-01-25T153825.519.png)](https://www.bankless.com/welcome-to-restaking-summer-eigenlayer)*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 ***👇👇👇

[Get the Full Details](https://www.bankless.com/welcome-to-restaking-summer-eigenlayer)
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