ROLLUP: 4th Week of December
Bankless
Ripple's Legal Struggles and Security Concerns
This chapter explores the ongoing legal battle between the SEC and Ripple regarding XRP's classification as a security, analyzing ethical concerns surrounding Ripple's practices. It also addresses significant security issues following a data breach involving Ledger users, emphasizing vulnerabilities in the cryptocurrency space. The discussion wraps up with proposed regulatory changes by FinCEN, reflecting on the implications for privacy and user obligations.
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Bankless Citizen Spotlight!
This guy: https://twitter.com/Acrobat_Crypto/status/1339964187007721474?s=20
MARKET What’s the Market saying?
BTC Price - Up 21% in the last 7 days - High consolidation between $23k and $24K - Bitcoin dominance doing really well: 70% MicroStrategy finished their $650M purchase of 29,646 BTC https://twitter.com/coindesk/status/1341013230534225920?s=21
ETH Price - Up just 3% in the last 7 days
TVL in DeFi From $16.5B to $14B
DPI down from $115 to $108 2+M ETH in ETH2 Staking
DeFi Pulse has a new page “Bitcoin at Work” Announcement: https://defipulse.com/blog/introducing-bitcoin-at-work/ Page: https://defipulse.com/btc
A chart not often seen, Grayscale Revenue: https://twitter.com/mhonkasalo/status/1339486866236686336?s=20
XRP getting DUMPED after SEC report Bitwise dumped $9.3M. Will Grayscale have to do something? https://twitter.com/twobitidiot/status/1341764298763350017?s=20
RELEASES
The Graph Network now live https://thegraph.com/
Tornado.Cash Governance Token has been retroactively airdropped https://tornado-cash.medium.com/tornado-cash-governance-proposal-a55c5c7d0703
Compound Chain announced CASH new stablecoin? https://twitter.com/compoundfinance/status/1339660221359124481
$3M Raised by Union to bring Credit to DeFi Announcement: https://medium.com/union-finance/union-has-raised-3m-to-bring-credit-to-ethereum-6cc1b5f40776
Perpetual Protocol Live on Mainnet https://twitter.com/perpprotocol/status/1339206204107571200 You can now trade ETH and BTC perpetual contracts with up to 12x leverage on-chain at perp.exchange
Gitcoin Round 8 Closed https://twitter.com/owocki/status/1341743360684552198?s=21
NEWS
SEC files lawsuit against Ripple for $1.3B in unregistered securities sale. https://www.wsj.com/articles/ripple-to-face-sec-suit-over-xrp-cryptocurrency-11608598800?redirect=amp#click=https://t.co/UjThCEyjar Vitalik: https://twitter.com/VitalikButerin/status/1341219519545556992?s=20
Ledger Breach https://gizmodo.com/hackers-steal-thousands-of-customer-emails-from-popular-1845928749 272K Customers Check Ledger Leak - https://www.argent.xyz/ledgerhack/#
FinCEN Proposed Rule https://www.theblockcrypto.com/linked/88511/fincen-proposes-new-kyc-for-crypto-wallets
$600 vs $2,000 Stimulus? https://www.cnbc.com/2020/12/22/trump-demands-congress-raise-second-stimulus-check-from-600-to-2000-under-new-covid-relief-bill.html
Switerzland CBDC https://www.theblockcrypto.com/daily/88885/switzerland-central-bank-digital-currency-trials
Hudson stepping down as the All Core Dev Call facilitator https://twitter.com/hudsonjameson/status/134108187901396992 Being replaced by Tim Beiko https://twitter.com/TimBeiko/status/1341086181597974530?s=2
TAKES
Hayden Adams on Uniswaps registered country address https://twitter.com/haydenzadams/status/1340143545085276160?s=21
Ryan on Boomer fiscal management. https://twitter.com/RyanSAdams/status/1341438238330925059?s=20
David on Ripple as a heist https://twitter.com/TrustlessState/status/1341501233090072576?s=20 David on Ethereum solving its own problems https://twitter.com/TrustlessState/status/1339820135008256000?s=20 ------ Don't stop at the video!
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Follow David on Twitter https://twitter.com/TrustlessState ----- 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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