Innovations in the UMA Protocol and Crypto Market Dynamics

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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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