ROLLUP: 2nd Week of November
Bankless
DeFi, Regulations, and Community Dynamics
This chapter explores the challenges facing decentralized finance (DeFi) in the wake of significant crypto hacks and regulatory scrutiny. It critiques the perception of DeFi as a money laundering vector and emphasizes the need for improved code quality to mitigate risks. The discussion further delves into community engagement within the crypto sphere, highlighting the complexities of pseudonymous accounts and the evolving landscape of digital currencies.
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ROLLUP: 2nd Week of November
What are we doing:
Happy Friday morning...
End of the week rollup
Dedicating 5 minutes to 5 topics, same 5 topics every week
- Market - Releases- News- Takes - What are you excited about?
(MARKET) Whatâs the Market saying?
BTC Price - 16k- BTC Treasuries website (https://bitcointreasuries.org/))- BTC on Ethereum: 153k
ETH Price
$1B of ETH in Grayscale (https://www.theblockcrypto.com/linked/83854/grayscale-ethereum-trust-1-billion-aum)
TVL in DeFi - up $1B from last week
DeFi Token price - remember last wk when DeFi was dead?
(RELEASES) What got released?
- PayPal removes waitlist - all paypal users can use crypto now (https://www.coindesk.com/paypal-removes-waitlist-for-new-crypto-service)
- LiquidStake (https://www.coindesk.com/ethereum-heavyweights-launch-liquidstake-loans-to-ease-eth-2-0-lockup)
Dharma Bank Account Integration (https://twitter.com/Dharma_HQ/status/1323311960432148481)
Bank Account - Dharma - Uniswap
Synthetix synthetic Oil and inverse-synthetic Oil now available
Chainlink working on xDAI network (https://www.xdaichain.com/about-xdai/project-spotlights/chainlink)
EIP1559 Updates
Tim Beiko tweet thread (https://twitter.com/TimBeiko/status/1325839080974774272?s=20)
- Mainnet-condition testnets
- Developer tooling for easy 1559 integration
Micah Zoltu blog post (https://medium.com/@MicahZoltu/a-tale-of-two-pricing-schemes-dc9c8717906)
(NEWS) Whatâs in the news?
Infura CRASH (https://www.theblockcrypto.com/post/84232/ethereum-infrastructure-provider-infura-is-down)
In response, someone made EthereumNodes.com to report who has endpoints up and who doesnât
Zapper gets $1.5M in funding (https://www.coindesk.com/defi-dashboard-zapper-snags-new-funding-from-delphi-and-coinbase-ventures) - Delphi- Coinbase
Binance donates $100k to Gitcoin (https://www.binance.com/en/blog/421499824684901205/Binance-Pledges-$100000-Donation-to-Gitcoin-Grants)
CZ depositing 32 ETH to the deposit contract (https://twitter.com/cz_binance/status/1325978447148064768)
CipherTrace scaring regulators (https://ciphertrace.com/half-of-2020-crypto-hacks-are-from-defi-protocols-and-exchanges/)
Ray Dalio on banning Bitcoin (https://www.coindesk.com/bridgewaters-dalio-sees-governments-banning-bitcoin-should-it-become-material)
Final Boss:
ShapeShift Delisting ZEC over regulator concerns (https://www.coindesk.com/shapeshift-delists-privacy-coin-zcash-over-regulatory-concerns)
IRS is coming after Coinbase for tax information (https://cointelegraph.com/news/u-s-law-firm-says-irs-is-coming-after-coinbase-users-who-evade-taxes)
BTC mining pools & KYC (https://stockhouse.com/news/press-releases/2020/10/29/dmg-s-subsidiary-blockseer-launches-bitcoin-mining-pool-focused-on-good)
U.S. Feds doing research on CBDCs (https://www.theblockcrypto.com/linked/84087/fed-central-bank-digital-currency-research)
Lebanon CBDC (https://www.coindesk.com/lebanon-digital-currency-2021)
SEC changing Reg A, Reg CF, Rule 504D limits, among other things (https://www.sec.gov/news/press-release/2020-273)
Reg A $50m - $75m
Reg CF $1m - $5m
504D $5m -$10m
(TAKES) Whatâs on your mind?
Gotta do it
- Bring up the frogs (https://twitter.com/kekspawn/status/1326253486070173696/photo/1)
Whatâs on my mind?
What is DeFi?
Is Bitcoin DeFi (https://twitter.com/RyanSAdams/status/1326950305725026304?s=20)?
Is Ethereum DeFi?
Is BinanceChain DeFi?
Is PolkaDot DeFi?
Is Cosmos DeFi?
IS DEFI DEFI?
What are you excited about?
DH:
- Ethereum / ETH being understood
- ETH the Internet Bond
- BTC is an evolution on Gold. Therefore, BTC market cap should be much larger than gold
I'm compelled!
- ETHâs market cap should be an evolution on the market cap of bond markets
Never before has there been a hard-money bond market
RSA: sovereign bond market is $57t btw
Iâm excited that weâre in a bull run:
If you're new to crypto... Welcome to your first bull run. Things will only getting crazier from here. Buckle up.
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