| gm Bankless Nation,
It's been a challenging few days to get Solana transactions approved. It's time to talk scaling. Today's Issue ⬇️ - ☀️ Need to Know: TradFi wants BTC
Big banks are getting in on the BTC ETFs. - 📊 Today in Markets: SOL Slammed
Failed transactions are surging on Solana. - 🧪 Analysis: Are L3s the Future?
Is ETH just layering on the headaches? - 🔒 Latest Pod: Are ETH L3s Real?
Citizens Only! The DEGEN founder speaks. - 🧑🌾 Invest: Yield Opps
The yields we're watching this week.
p.s. Thanks to Cryptex. They just launched TCAP on Arbitrum, the first Total Crypto Market Cap Index. All Cryptex indexes are powered by CTX governance. Become part of the DAO.
Sponsor: Kraken — Sign up for an account and see what crypto can be. . . . NEED TO KNOW TradFi Firms Want BTC - 📈 TradFi buys into BTC ETFs. A regulatory filing revealed that Citi, Citadel, Goldman Sachs, and UBS have all been "authorized participants" in BlackRock's spot BTC ETF.
- 🧑⚖️ Jury finds Do Kwon liable. The jury in the SEC case against Do Kwon has found the Terraform Labs founder liable for fraud and misleading investors, reports say.
- 🪐 Galaxy bought FTX SOL. Galaxy Trading purchased millions in locked SOL tokens from the FTX estate, buying $620 million worth of the tokens at $64 each. SOL is currently trading at $176.
. . . TODAY IN MARKETS Solana Gets Slammed 📊 Transaction Turmoil. Solana’s staunchest defenders have long maintained failed transactions only afflict bots, but the chain has become practically unusable for regular users in recent days! Why can’t you land transactions on Solana, and how does the chain improve from here? | Prices as of 3pm ET | 24hr | 7d |  | Crypto $2.53T | ↘ 1.4% | ↘ 3.8% |  | BTC $67,861 | ↘ 1.0% | ↘ 2.4% |  | ETH $3,336 | ↘ 1.0% | ↘ 4.4% | . . . ANALYSIS Are Layer 3s the Future? In the aftermath of Ethereum's Dencun upgrade, with fees down on most L2s, everyone is thinking about what comes next. The scaling conversation has now rapidly shifted towards the potential next step — Layer 3s. L3s, which have also been called appchains, offer environments tailored to specific communities and use cases, such as enterprise blockchain applications or gaming. What problems do L3s solve? Let's dig in 👇
FRIEND & SPONSOR: KRAKEN 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. . . . PREMIUM POD Are Ethereum L3s Real? L3s have become a hot topic in the land of Ethereum following the Dencun upgrade. But are Layer 3s actually a thing? Today on the show we have Degen creator Jacek and Will Papper of Syndicate, Degen’s main service provider, and they’re here to teach us all about Degen and L3s. This episode is for paying subscribers only 👇 . . . INVEST This Week's Yield Opps Each week, Citizens get a curated list of yield opportunities that the Bankless team is watching. As a free subscriber, you're missing out! 👇 . . . 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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