ROLLUP: 2nd Week of February (Elon buys BTC, Crypto on Mastercard, Celebrity NFTs)
Bankless
Market Trends in Crypto: DeFi and NFT Growth
This chapter explores the recent price movements of Bitcoin and Ethereum, including Bitcoin nearing $50,000 and Ethereum achieving a new high. It highlights the growth of decentralized finance (DeFi) and the impressive rise of governance tokens, along with significant developments in the NFT market. The discussion emphasizes the evolving landscape of crypto assets, the increasing capital in DeFi, and the advantages of on-chain data.
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MARKET
BTC Price $47K (New high w/ Tesla $1.5B buy) Flirting w/ $50k
ETH Price $1800 (New high… again) Passed 1 trillion transactions on Ethereum https://twitter.com/etherscan/status/1357748137478131713?s=20
TVL in DeFi: Nearly $40B $DPI: $408 DPI/ETH Daily Chart! https://www.tradingview.com/symbols/DPIWETH/?exchange=UNISWAP
Touching $1B AUM in DAOs https://twitter.com/DeepDAO_io/status/1357379114089472003?s=20
Crypto Art Sales Reach a Record $80 Million https://decrypt.co/56998/crypto-art-sales-on-ethereum-reach-a-record-80-million See Chart Here https://cryptoart.io/data
Token Terminal https://terminal.tokenterminal.com/dashboard/AMMs
ETH Powers over $30B in Stablecoins https://twitter.com/spencernoon/status/1359650088306569216?s=21
Metamask Absolutely Printing Money https://twitter.com/tomhschmidt/status/1359393949568303104?s=20
------ RELEASES
Matic Turning into Polygon https://twitter.com/maticnetwork/status/1359206750239551492?s=20
Hashmasks made over $13 Million in First Week of Sales https://blog.flipsidecrypto.com/hashmasks-on-opensea/
Ledger has integrated WalletConnect (DeFi) https://decrypt.co/56993/ledger-owners-can-now-access-defi-from-ledgers-mobile-app
No Loss Prize Pool Builder is Live https://medium.com/pooltogether/prize-pool-builder-9f9c95fad860
UMA Protocol Releasing “KPI Options” with Community Airdrop https://twitter.com/UMAprotocol/status/1359745145793486849
SUSHI in Coinbase Custody https://twitter.com/MessariCrypto/status/1359950434715262983?s=20
------ NEWS
TESLA BUYS BTC https://twitter.com/carlquintanilla/status/1358758512613015554?s=20
CME: Nearly 400 ETH Futures Contracts Traded on First Day https://www.theblockcrypto.com/linked/94262/cme-eth-futures-contracts-launch-first-day
MasterCard bringing Crypto onto Network https://www.mastercard.com/news/perspectives/2021/why-mastercard-is-bringing-crypto-onto-our-network/
Huge Celeb NFT https://twitter.com/MesutOzil1088/status/1359851478849122307?s=20
Hester Pierce, SEC Commissioner, says we’re ready for a Bitcoin ETF https://www.coindesk.com/peirce-sec-coindesk-t
Twitter Considering Adding BTC to Balance Sheet https://www.coindesk.com/twitter-considering-bitcoin-options-including-on-balance-sheet-exec-says Coinbase uses 25% of all ETH gas https://twitter.com/will__price/status/1357406288884432898?s=20
Federal Reserve of St. Louis loves DeFi (and apparently Bankless) https://twitter.com/RyanSAdams/status/1358876105541881863?s=20
BNY Mellon Announcing it will offer Custody for Crypto https://www.wsj.com/articles/bitcoin-to-come-to-america-s-oldest-bank-bny-mellon-11613044810
Yearn Hack and $11m loss https://www.theblockcrypto.com/linked/93818/yearn-finance-dai-pool-defi-exploit-attack
Yearn Restores yDAI Vault and Compensates Hack Victims https://thedefiant.io/yearn-restores-ydai-vault-and-compensates-hack-victims/
Avalanche Blockchain stopped working https://www.coindesk.com/avalanche-developers-rush-client-patch-as-bug-slows-avalanche-transactions
------ TAKES
We’re nowhere close to the top https://twitter.com/gerrrrrrrrrg/status/1358066872927858688?s=21
Let's talk about high gas fees https://twitter.com/RyanSAdams/status/1359540327091167233?s=20
Early Adoption is Expensive and Clunky…. But just wait. https://twitter.com/ashleighschap/status/1359185073543794689?s=21
1 Flippening Left https://twitter.com/RyanSAdams/status/1359161920415236109?s=20
Memes are going to take ETH to 10k https://twitter.com/TrustlessState/status/1359660705062899714?s=20
------ MEME
Jay-Z Confirmed Bankless https://twitter.com/Crypt0xWife/status/1359381601919074309?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.
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