ROLLUP: 2nd Week of December
Bankless11 Des 2020

ROLLUP: 2nd Week of December

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ROLLUP: 2nd Week of December

MARKET

BTC Price
- 18,297.90

BTC on Ethereum
- Down from to 147K to 145K
- BTC above 18k for 9 days in a row.
- In 2017, BTC wasn’t above 18k for like 9 hours

ETH Price
- $560

TVL in DeFi
- $14.7B to $14B
- $DPI from $116 to $101

Ethereum 2.0 1 week stats https://twitter.com/AlexanderFisher/status/1336280548084477953

- ETH 2 deposit contract adding 40k ETH per day
- 3x more ETH than what is being issued per day
- Over 1% ETH in the deposit contract

USDC outpacing Tether https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F46c07bef-9100-4d24-9a57-b8b26801f9bd_1200x726.png

(RELEASES) What got released?

Messari 2.0 https://messari.io/

Yearn quarterly report https://github.com/iearn-finance/yearn-pm/blob/master/financials/reports/2020Q3-yearn-quarterly-report.pdf

4 Takeaways from ETH 2 deposits

- Blog from Etherscan https://medium.com/etherscan-blog/4-takeaways-from-deposits-into-eth2-28c64dd2863

Circle launches payments platform for USDC https://www.circle.com/blog/circle-launches-major-platform-upgrade-aimed-at-bringing-digital-dollar-stablecoins-mainstream

New Square competitor

Maker Governance vote to add https://twitter.com/MakerDAO/status/1335993149076869123?s=20
- AAVE
- DAI-ETH LP token
- USDC-ETH LP token

(NEWS) What’s in the news?

8,000 Nodes live outside the US https://twitter.com/PhABCD/status/1335349619467968519
- More than the total number of ETH nodes from just a few months ago

The STABLE Act
- Unintended consequences https://www.coincenter.org/the-unintended-consequences-of-the-stable-act/

MicroStrategy issues $400 in convertible debt to buy $BTC https://cointelegraph.com/news/microstrategy-will-issue-400-million-in-securities-to-buy-more-bitcoin

MassMutual buying $100M BTC https://www.theblockcrypto.com/linked/87378/massmutual-bitcoin-insurance-purchase
- More legit than Microstrategy according to Joey Krug
"measured yet meaningful exposure to a growing economic aspect of our increasingly digital world."

Ray Dalio warming to BTC in Reddit AMA
https://twitter.com/RyanWatkins_/status/1336438172142739458?s=20

The Ether Fund
- 3iQ Corp IPO closes Dec 10th (today), raising a maximum of $107M, already raised $75M so far

Tyler Winklevoss Tweet: https://twitter.com/tyler/status/1336839087093919744

France maybe extending KYC laws
https://www.theblockcrypto.com/post/87001/france-crypto-rules-mandatory-kyc-crypto-to-crypto

Rumors that Steven Mnuchin is thinking about regulations on Digital Self Hosted Wallet
-Warren Davidson getting ahead of the issue with a letter to Mnuchin
https://twitter.com/WarrenDavidson/status/1336804544320327683?s=20

Paxos files for a Federal Bank Charter https://www.coindesk.com/paxos-becomes-latest-crypto-firm-to-file-for-federal-bank-charter

Venezuela pays for Imports from Iran/Turkey with Bitcoin https://news.bitcoin.com/venezuela-pays-imports-iran-turkey-bitcoin-evade-sanctions/

JP Morgan says that Gold will suffer because of Bitcoin

https://www.bloomberg.com/news/articles/2020-12-09/jpmorgan-says-gold-will-suffer-for-years-because-of-bitcoin

Yahoo Finance also speaking more positively for Bitcoin

CoinGecko is better than CoinMarketCap https://out.reddit.com/t3_k8jct1?url=https%3A%2F%2Fmaxbit.cc%2Fcoingecko-looks-to-overtake-coinmarketcap-with-huge-uptick-in-traffic%2F&token=AQAA_YjSXxU46BXDalbUf4Pv-UkKhy4yT938Vzi-qo7VV6usja4b&app_name=reddit.com

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Episoder(1342)

ROLLUP: The Bull Market is On? | Zcash & NEAR | Kalshi Wash Trading | BlackRock Goes Onchain

ROLLUP: The Bull Market is On? | Zcash & NEAR | Kalshi Wash Trading | BlackRock Goes Onchain

The bull market may be back, but Bitcoin might not be leading it. Ryan and David break down the early-bull signals, Zcash and NEAR’s surge, rising yields, Kalshi’s wash-trading controversy, and BlackR...

25 Sep 1h

FOMO, Meme Stocks and Robinhood Chain | Andy8052 & Eric Conner

FOMO, Meme Stocks and Robinhood Chain | Andy8052 & Eric Conner

Meme coins are back, but this time the more interesting story may be what they're building around them. David sits down with Eric and Andy to unpack the latest meme-coin cycle, the rise of stock-paire...

23 Sep 56min

How Robinhood is using the SEC's New Innovation Exemption | Johann Kerbrat

How Robinhood is using the SEC's New Innovation Exemption | Johann Kerbrat

Robinhood is trying to erase the line between crypto markets and traditional finance. David sits down with Johann from Robinhood to unpack the rise of tokenized stocks, why so much activity is already...

21 Sep 37min

ROLLUP: The Bull Market Test | Clarity Dies | SEC Opens the Door | Hyperliquid Comes Onshore

ROLLUP: The Bull Market Test | Clarity Dies | SEC Opens the Door | Hyperliquid Comes Onshore

Crypto just shrugged off a Fed hike and the death of the Clarity Act. Ryan and David break down the early-bull signal, the SEC’s tokenized-stock breakthrough, the coming options race, and Hyperliquid’...

18 Sep 53min

Arc Mainnet, AI Agents, and Tokenized Markets | Nikhil Chandhok, CTO of Circle

Arc Mainnet, AI Agents, and Tokenized Markets | Nikhil Chandhok, CTO of Circle

Circle just launched Arc Mainnet, and its ambition is much bigger than putting USDC on another blockchain. Circle Chief Product and Technology Officer Nikhil Chandhok joins David on launch day to unpa...

16 Sep 51min

Crypto is Ready for Onchain Options | Nick Forster, CEO of Derive

Crypto is Ready for Onchain Options | Nick Forster, CEO of Derive

Getting the direction of ETH right doesn’t guarantee you survive the trade. Derive co-founder Nick Forster joins David Hoffman to unpack why crypto’s options market has lagged behind perps, and why he...

14 Sep 45min

ROLLUP: Is Altcoin Season Here? | Treasury’s Bond War | Robinhood Chain Mania | OpenAI’s Math Controversy

ROLLUP: Is Altcoin Season Here? | Treasury’s Bond War | Robinhood Chain Mania | OpenAI’s Math Controversy

Crypto speculation is back, but is this really a new bull phase? Ryan and David unpack the altcoin surge, Treasury’s escalating bond-market fight, Robinhood’s tokenized stock boom, and the OpenAI cont...

11 Sep 1h 4min

The New Economics of Crypto Tokens | Austin Barack

The New Economics of Crypto Tokens | Austin Barack

What if the most interesting crypto investments of the next cycle aren’t new blockchains at all? RockawayX Liquid founder Austin Barack joins David to explain why his attention has shifted toward a sm...

7 Sep 1h 6min

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