| gm Bankless Nation,
Another big week for crypto as legal battles were fought on all fronts. Today's Issue ⬇️ - 📊 Week in Markets: Bitcoin March
It was a record month for the asset. - 🗞️ Recap: Coinbase's War
The SEC's campaign notched a win. - 🎧 Rollup: 25 Years
SBF didn't get away with it. - 👾 NFT Roundup: NFT Level Up
Get ready for a better NFT newsletter. - 🕰️ Catch Up: What We Published
Airdrop Taxes. The Berachain 411.
p.s. Join Bankless! We're hiring a Podcast Video Editor and Sr. Product Designer.
Sponsor: Consensus 2024 – 10 Years of Decentralizing the Future: Discovery, Dialogue and Dealmaking . . . THIS WEEK IN MARKETS Bitcoin's Record Month 📊 March's new heights. Barring an unlikely 10%+ collapse today, Bitcoin will close March at its highest level ever! BTC captivated traders in March, but which asset fell to the wayside? | Prices as of 10am ET | 24hr | 7d |  | Crypto $2.66T | ↘ 0.3% | ↗ 6.8% |  | BTC $70,171 | ↘ 0.4% | ↗ 7.4% |  | ETH $3,542 | ↘ 0.3% | ↗ 4.0% | . . . WEEKLY RECAP Coinbase Wars On 1️⃣ Coinbase and SEC battle continuesDespite Crypto's hopes and expectations that the SEC's case would get tossed, Coinbase's legal battle with the SEC will instead continue following a court decision that allowed most claims to proceed while dismissing those against Coinbase Wallet — a big win for self-custodial wallets. Ever the optimists, the exchange sees this as a way to gain insights into the SEC's stance on crypto regulation. Their Chief Legal Officer, Paul Grewal, stated they stand ready to continue the proceedings while emphasizing the importance of developing clear digital asset legislation in the US. 2️⃣ SBF sentenced to 25 yearsThe story of Sam Bankman-Fried's rise and fall ended this week with a final sentence of 25 years in prison. Despite Bankman-Fried's apology and appeals, Judge Lewis Kaplan saw no remorse for the $8B misappropriated from FTX customers and emphasized the severity of SBF’s crimes against the industry and its investors. With the sentencing over, the only question that remains: where will he serve his time? 3️⃣ April showers bring airdrop flowersApril looks like it will be a monumental month for degens, with several significant airdrops poised to inject billions into the market over the month. Hitting the ground running next week, Ethena will airdrop 5% of its total supply (~$600M in ENA) to participants of its first campaign on Tuesday, April 2nd. Wormhole will then distribute 17% of its supply ($3B based on current pre-market prices) to its users the following day, April 3rd. Then, later in the month, airdrops from Solana protocols Parcl and Kamino will drop over another $200m in the ecosystem overall. With April historically being a strong month for Bitcoin, this additional stimulus may have us in for quite a ride. 4️⃣ Kucoin founders chargedLast Tuesday, the Department of Justice charged offshore exchange KuCoin’s founders with violating anti-money laundering laws and concealing that they had many US customers. For years, KuCoin operated without KYC requirements, adopting them only after coming under federal investigation. After the DOJ announcement, KuCoin users experienced substantial delays in withdrawing from the exchange — an inconvenience KuCoin decided to compensate users for with an airdrop announcement the next day for those who had delays. Amid this news, an interesting easter egg came from the complaint document, which defined Ethereum as a commodity in their suit — potentially weakening the SEC’s case.  More updates for ETH ETFs this week, with new filings from Bitwise and Fidelity (a $4.5T asset manager) and comments by Blackrock CEO Larry Fink, who said the ETF is still possible even if ETH is a security. Both ETFs also included staking, following the trend of ETFs being updated to include this feature. Currently, Polymarket's prediction market gives the approval of these ETFs by May 31st only a 21% chance, indicating that approval would indeed be an unexpected development.
FRIEND & SPONSOR: CONSENSUS 2024 Consensus is celebrating ten years as the biggest and most established global hub for everything crypto, blockchain and Web3. Get ready for 400+ speakers, 17K attendees, 100+ countries, 950 investors with $3 trillion AUM, presentations from 20+ key protocols including ETH & BTC Day, and summits dedicated to regulation, digital assets’ impact on culture and business, on-chain innovation and more. Prices increase 4/11 at 4 p.m. ET. . . . WEEKLY ROLLUP 25 Years for SBF Sam didn't get away with it. Despite all of of the political donations and favors, efforts to win over the media, and attempts to tug on the judge's heartstrings, SBF still got a hefty prison sentence. But what did crypto think of the ruling? David and Ryan dig in and gauge popular opinion. Hear their thoughts 👇 . . . METAVERSAL Metaversal is Leveling Up Over the next couple of months, we’ll be leveling up the Metaversal experience. It’ll be the same great Metaversal you know and love, just bigger and better, so be on the lookout for the start of the evolution next Thursday. In the meantime, let’s get you caught up on the past week in NFTs per usual! Let's dive in 👇 . . . GET CAUGHT UP What We Published 📰 Articles:📺 Shows: . . . 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 this week. 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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