ROLLUP: 2nd Week of December
Bankless
Crypto Market Evolution and Institutional Trends
This chapter explores the advancements in cryptocurrency analysis tools and highlights the Yearn Finance Quarterly Report's role in validating DeFi assets. It discusses the growing decentralization in Ethereum with ETH2 and the emergence of crypto banks, alongside the implications of recent legislation like the STABLE Act. The conversation also sheds light on corporate adoption of Bitcoin and Ether, noting significant investments and shifts in traditional asset strategies.
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ROLLUP: 2nd Week of December
MARKET
BTC Price- 18,297.90
BTC on Ethereum- Down from to 147K to 145K- BTC above 18k for 9 days in a row. - In 2017, BTC wasn’t above 18k for like 9 hours
ETH Price- $560
TVL in DeFi- $14.7B to $14B- $DPI from $116 to $101
Ethereum 2.0 1 week stats https://twitter.com/AlexanderFisher/status/1336280548084477953
- ETH 2 deposit contract adding 40k ETH per day- 3x more ETH than what is being issued per day- Over 1% ETH in the deposit contract
USDC outpacing Tether https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F46c07bef-9100-4d24-9a57-b8b26801f9bd_1200x726.png (RELEASES) What got released?
Messari 2.0 https://messari.io/
Yearn quarterly report https://github.com/iearn-finance/yearn-pm/blob/master/financials/reports/2020Q3-yearn-quarterly-report.pdf 4 Takeaways from ETH 2 deposits
- Blog from Etherscan https://medium.com/etherscan-blog/4-takeaways-from-deposits-into-eth2-28c64dd2863
Circle launches payments platform for USDC https://www.circle.com/blog/circle-launches-major-platform-upgrade-aimed-at-bringing-digital-dollar-stablecoins-mainstream New Square competitor
Maker Governance vote to add https://twitter.com/MakerDAO/status/1335993149076869123?s=20 - AAVE- DAI-ETH LP token- USDC-ETH LP token
(NEWS) What’s in the news?
8,000 Nodes live outside the US https://twitter.com/PhABCD/status/1335349619467968519 - More than the total number of ETH nodes from just a few months ago
The STABLE Act- Unintended consequences https://www.coincenter.org/the-unintended-consequences-of-the-stable-act/
MicroStrategy issues $400 in convertible debt to buy $BTC https://cointelegraph.com/news/microstrategy-will-issue-400-million-in-securities-to-buy-more-bitcoin
MassMutual buying $100M BTC https://www.theblockcrypto.com/linked/87378/massmutual-bitcoin-insurance-purchase - More legit than Microstrategy according to Joey Krug"measured yet meaningful exposure to a growing economic aspect of our increasingly digital world."
Ray Dalio warming to BTC in Reddit AMAhttps://twitter.com/RyanWatkins_/status/1336438172142739458?s=20
The Ether Fund- 3iQ Corp IPO closes Dec 10th (today), raising a maximum of $107M, already raised $75M so far
Tyler Winklevoss Tweet: https://twitter.com/tyler/status/1336839087093919744
France maybe extending KYC lawshttps://www.theblockcrypto.com/post/87001/france-crypto-rules-mandatory-kyc-crypto-to-crypto
Rumors that Steven Mnuchin is thinking about regulations on Digital Self Hosted Wallet-Warren Davidson getting ahead of the issue with a letter to Mnuchin https://twitter.com/WarrenDavidson/status/1336804544320327683?s=20
Paxos files for a Federal Bank Charter https://www.coindesk.com/paxos-becomes-latest-crypto-firm-to-file-for-federal-bank-charter
Venezuela pays for Imports from Iran/Turkey with Bitcoin https://news.bitcoin.com/venezuela-pays-imports-iran-turkey-bitcoin-evade-sanctions/
JP Morgan says that Gold will suffer because of Bitcoin
https://www.bloomberg.com/news/articles/2020-12-09/jpmorgan-says-gold-will-suffer-for-years-because-of-bitcoin Yahoo Finance also speaking more positively for Bitcoin
CoinGecko is better than CoinMarketCap https://out.reddit.com/t3_k8jct1?url=https%3A%2F%2Fmaxbit.cc%2Fcoingecko-looks-to-overtake-coinmarketcap-with-huge-uptick-in-traffic%2F&token=AQAA_YjSXxU46BXDalbUf4Pv-UkKhy4yT938Vzi-qo7VV6usja4b&app_name=reddit.com
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