| gm Bankless Nation,
Sure, Bitcoin L2s aren't technically real, but there could be a real future ahead for them. Today's Issue ⬇️ - ☀️ Need to Know: Senate v. SEC
Senate shoots down SEC policy. - 📊 Today in Markets: Synth Slump
Ethena's native token is losing steam. - 🧪 Analysis: Case of BTC L2s
Are L2s on Bitcoin a real thing? - 🛠️ Take Action: What We're Doing
Crypto market opps we're watching. Citizens only!
Sponsor: Kraken — Sign up for an account and see what crypto can be. . . . NEED TO KNOW Senate Knocks SEC - 👨⚖️ 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. - 👠 Pump.fun Hit for $2M in Flash Loan Exploit. Solana's buzzy memecoin launcher hit with attack.
Read more on Bankless. - 🚀 Blast's Token Airdrop Delayed. The L2's long-awaited drop will now take place June 26.
Read more on Bankless.
. . . TODAY IN MARKETS 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? | Prices as of 4pm ET | 24hr | 7d |  | Crypto $2.35T | ↘ 1.3% | ↗ 1.7% |  | BTC $65,133 | ↘ 1.1% | ↗ 4.4% |  | ETH $2,941 | ↘ 2.4% | ↘ 2.5% | . . . ANALYSIS 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! 👇
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. . . . TAKE ACTION What We're Doing Each week, Citizens get a curated list of market 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. 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 100 other crypto protocols in Airdrop Hunter waiting for you. | 
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