Grayscale's Impact on Ethereum and DeFi Growth

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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) What’s 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) What’s 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 doesn’t

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) What’s on your mind? 

Gotta do it

- Bring up the frogs (https://twitter.com/kekspawn/status/1326253486070173696/photo/1)

What’s 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!

- ETH’s 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

I’m excited that we’re 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.