Join Matt and Nick as they break down Bitcoin’s record price growth, Ethereum’s thriving L2 ecosystem, why this week may be the biggest yet for altcoins, and much more.
Key Takeaways
- Bitcoin (BTC) recorded its seventh consecutive monthly gain for the first time. Short-term consolidation would be unsurprising. Still expecting higher prices by year-end.
- FTX co-founder Sam-Bankman Fried was sentenced to 25 years for seven counts of conspiracy and fraud charges. This event should help the industry and asset class move on from the dark days of late 2022.
- Concerns over KuCoin arose after U.S. authorities charged the mid-tier exchange. While fears have been allayed somewhat, users should strongly consider withdrawing—at least while we wait for the dust to settle.
- Ethereum’s L2 ecosystem is thriving on the back of the ‘Dencun’ upgrade, with Base being the biggest beneficiary.
- This week may be the biggest yet for airdrops. Among the projects set to launch tokens are Wormhole (W), Ethena (ENA) and Zeus Network (ZEUS).