ROLLUP: 2nd Week of March (Beeple NFTs, EIP1559, Stimulus Checks, GBTC)
Bankless
Intro
In this chapter, the hosts provide a succinct overview of the week's key cryptocurrency news and insights. They touch on market trends, updates, and a light-hearted speculation regarding a major investor's interest in Bitcoin, along with the announcement of an upcoming conference.
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BTC Price: $55k
ETH Price: Low-Mid 1800s Mostly
TVL in DeFi: $41.2B
$DPI: ~$450
MEV Dashboard https://explore.flashbots.net/
DeFi Undervalued? Coinbase vs. DeFi https://twitter.com/StaniKulechov/status/1369314364944244737?s=20
Global Banking $6.2 Trillion, DeFi $85B https://twitter.com/0x_Lucas/status/1369808216490602498?s=20
$3B valuation BlockFi: https://twitter.com/BlockFiZac/status/1370012146503929856?s=20
DAOs With Treasury Reports https://twitter.com/Matthew_Graham_/status/1367521656927838209?s=20
GBTC Trading 15% Below BTC Spot Prices https://www.coindesk.com/grayscale-halts-new-investments-in-gbtc-after-trading-at-15-below-bitcoin
------ RELEASES
Send From Arbitrum to xDAI (Hop Protocol) https://twitter.com/HopProtocol/status/1367914160483299332?s=20
Optimism Dai Bridge with Fast Withdrawals https://forum.makerdao.com/t/announcing-the-optimism-dai-bridge-with-fast-withdrawals/6938
Superfluid https://twitter.com/superfluid_hq/status/1369676939913486337?s=21
FEI Protocol https://www.coindesk.com/coinbase-naval-framework-ventures-19m-raise-fei-stablecoin
------ NEWS
$1.9T Covid Relief Bill and $1400 Stimulus Checks https://www.nbcnews.com/politics/congress/senate-passes-1-9-trillion-covid-relief-bill-including-1-n1259795
Fed Says Reopening Could Cause Inflation https://www.cnbc.com/2021/03/04/fed-chairman-powell-says-economic-reopening-could-cause-inflation-to-pick-up-temporarily.html
EIP1559 Approved for London Hard Fork https://twitter.com/TimBeiko/status/1367858606889037824?s=20
EIP1559 - Front Page of Bloomberg https://i.redd.it/hdgboaz8xml61.jpg
ETH Miners Protesting EIP-1559 https://cointelegraph.com/news/ethereum-miners-plot-hash-power-show-of-force-against-eip-1559
Meitu Buys $22M ETH, $17.9M BTC https://twitter.com/TrustlessState/status/1368639534770966537?s=20
Beeple NFT $69M https://www.telegraph.co.uk/technology/2021/03/11/digital-artwork-snapped-69m-record-sale
NFT Environmentalism https://joanielemercier.com/the-problem-of-cryptoart/
SuperRare Response https://medium.com/superrare/no-cryptoartists-arent-harming-the-planet-43182f72fc61
US Lawmakers Introduce Crypto Bill https://www.coindesk.com/lawmakers-digital-asset-regulation
Wyoming DAO Bill https://twitter.com/awrigh01/status/1369328856260354051?s=20
NBA Top Shot Freezes Funds https://defited.medium.com/my-centralized-experience-dapper-3d3e3a99cbd7
New Grayscale Job Postings - ETF? https://twitter.com/coindesk/status/1369451478428090369?s=21
JPMorgan Crypto Proxy Basket https://www.coindesk.com/jpmorgan-to-launch-cryptocurrency-exposure-basket-of-bitcoin-proxy-stocks
Logan Paul Sponsored Tweet Paid in SFI https://twitter.com/Buhlaque/status/1369149498098860041?s=20
----- TAKES
Everything is Broken https://www.zerohedge.com/markets/mauldin-everything-broken
Reinvesting in Crypto https://twitter.com/ryansadams/status/1368944228382965765?s=21
Steinworld’s Ethspansion from Genesis https://twitter.com/takenstheorem/status/1351409209305305090?s=20
Today Show Laughing About NFTs https://twitter.com/econoar/status/1369344244880527361?s=20
----- MEME
L2 vs ETH Killers https://www.instagram.com/p/CMLVE2YAQQ2/
----- 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 I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures
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