ROLLUP: 4th Week of October
Bankless
Bitcoin's Resurgence and Market Dynamics
This chapter explores the current cryptocurrency market, with a focus on Bitcoin's strong performance and its regained dominance over other assets. The hosts discuss Ethereum's role as a hybrid asset, the evolving DeFi landscape, and significant advancements in institutional adoption and governance models. Additionally, they highlight the implications of these developments for the broader market and the ongoing interplay between Bitcoin and Ethereum.
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ROLLUP: 4th Week of October
MARKET: Whatâs the Market saying?
BTC Price - More or less ATH. Less than 5 weeks of time spent above 13k!
ETH Price
- YFI, UNI, DeFi tokens down - Anthony Sassano's Daily Gwei piece on the swinging pendulum https://thedailygwei.substack.com/p/the-sentiment-pendulum-the-daily - $2B BTC on Ethereum https://btconethereum.com/
RELEASES: What got released? Aave Admin Key Handover https://medium.com/aave/aave-admin-key-handover-3e09e603d348
Coinbase Debit cards https://decrypt.co/46507/coinbase-expands-crypto-debit-card-to-us-customers?utm_source=twitter&utm_medium=social&utm_campaign=auto
JPM on the market for a custody provider https://twitter.com/TheBlock__/status/1321195503367970820
The largest bank in Singapore just launched a crypto exchange DBS! Audius on mainnet; airdrop to 10k most popular artists FTX Launches BTC-Equity trading pairs https://www.coindesk.com/ftx-launches-bitcoin-pairs-against-amazon-apple-tokenized-stocks
Traders in the U.S. and FTXâs other restricted jurisdictions will not be eligible to trade the products. Did he not learn from BitMEX??
NEWS Whatâs in the news?
Avanti is now a Crypto-Bank https://decrypt.co/46561/avanti-becomes-second-crypto-bank-us Formalization of bank = Crypto integration âCrypto-Bankâ was more of a meme, now its a reality
Microstrategy has made more from purchasing Bitcoin than it has in 3.5 years of revenue https://coinfomania.com/microstrategys-bitcoin-gains-exceeds-3yr-earnings/
Iran enabled BTC for import payments https://www.coindesk.com/iran-amends-law-to-allow-imports-to-be-funded-with-cryptocurrency Implication that Iran is stockpiling BTC? Cryptocurrency allows you to go around regulations
Flash Loans making governance decisions https://twitter.com/votewithtally/status/1321509824312455170?s=21
Consensys helps French Bank with CBDC pilot program https://www.coindesk.com/ethereum-developer-consensys-to-assist-french-bank-with-cbdc-pilot
Consensys helps Bank of Thailand for CBDC project https://consensys.net/blog/press-release/consensys-selected-as-technology-partner-by-the-bank-of-thailand-for-cbdc-project
TAKES Whatâs on your mind?
(David) BTC + Ethereum OR BTC or Ethereum https://twitter.com/TrustlessState/status/1321632145673121792?s=20 $2B BTC on Ethereum
(Ryan) Everytime I use a bank I get more bullish ETH https://twitter.com/RyanSAdams/status/1321870051859976193?s=20
Infrastructure upgrade!! (Ryan) Dirty secret of ETH killers--the VCs own them! https://twitter.com/RyanSAdams/status/1321131634142388228?s=20
If you think the tokens of ETH killers are the same as ETH, you don't understand Ethereum. https://twitter.com/RyanSAdams/status/1320714858229321728?s=20
What are you excited about? (
(David) Balancer Smart Pools https://twitter.com/TrustlessState/status/1321622734120525824?s=20) (David) Getting this election over with. Market turmoil ahead! COVID 3rd wave lockdowns
(Ryan) All bank ledgers are Ethereum sidechains https://twitter.com/RyanSAdams/status/1321067583983046656?s=20
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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case.
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