ROLLUP: First Week of December
Bankless
Analyzing Ethereum and Bitcoin Price Dynamics
This chapter dives into the complexities of Bitcoin and Ethereum pricing across exchanges, highlighting Ethereum's volatility and potential for a price surge. The discussion covers the cyclical nature of cryptocurrency markets, comparisons to past cycles, and the growth of decentralized finance (DeFi) while emphasizing Ethereum's strong financial metrics.
🚀 SUBSCRIBE TO NEWSLETTER: http://bankless.substack.com/ ✊ STARTING GUIDE BANKLESS: https://bit.ly/37Q17uI❤️ JOIN PRIVATE DISCORD: https://bit.ly/2UVI10O🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 👕 BUY BANKLESS TEE: https://merch.banklesshq.com/
-----
GO BANKLESS WITH THESE SPONSOR TOOLS:
⭐️LEDGER - 40% OFF LEDGERS THIS WK ONLY! 🔥🔥🔥
🚀 ZERION - INVEST IN DEFI FROM ONE PLACE (download it now!)https://bankless.cc/zerion
💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDShttps://bankless.cc/monolith
🤖YEARN - YIELD-SEEKING MONEY ROBOT THAT FARMS DEFI FOR YOU http://bankless.cc/yearn
------
BTC Price- Hit ATH- BTC on Ethereum down 3,300 BTC from 151,700 to 147,400!
ETH Price
- Extremely volatile lately!- Bouncing between $570 and $620- Currently $615- David thinks its launch time, any minute now
Is $ETH Bitcoin in 2015? https://twitter.com/IamCryptoWolf/status/1333720041553088515?s=20 ETH p/s is 86!!! Lower than Zoom
TVL in DeFi- $14.1B to $14.7B- $DPI: $108 to $116.30
Stablecoins
- $20B of them
https://twitter.com/lawmaster/status/1334124165033549826?s=20 https://www.coindesk.com/stablecoins-asset-value-20-billion
DeFi Lending ATH- $7.6B in November, up 88% since Octoberhttps://twitter.com/lawmaster/status/1334124188421009408/photo/1
RELEASES
The first block of Ethereum 2.0 was mined!https://beaconscan.com/slot/1
Ether Capital prospectus https://drive.google.com/file/d/1sZb6mMlRoGl6UZNf7rzNadUdL76vnY-J/view - A really good read for understanding how publicly traded companies speak about ETH and Ethereum- Ether capital running a staking nodehttps://www.businesswire.com/news/home/20201201005696/en/Ether-Capital-Corporation-Announces-Initial-Commitment-to-Staking-on-Ethereum-2.0
Centralized Staking-as-a-Service providers are flocking
- Binancehttps://twitter.com/binance/status/1333762624731930627?s=20 2x rewards??
Tim Roughgarden EIP1559 reporthttp://timroughgarden.org/papers/eip1559.pdf - Highly anticipated, long-awaited, in-depth academic report on EIP1559- Take off all remaining breaks on EIP1559https://twitter.com/nicksdjohnson/status/1334261078692306944?s=20
Vitalik comprehensive Ethereum roadmaphttps://twitter.com/vitalikbuterin/status/1333922620857745408?s=21
Aave V2 is on Mainnethttps://medium.com/aave/the-aave-protocol-v2-f06f299cee04
Loopring built an AMM on it’s zkRollups L2https://medium.com/loopring-protocol/looprings-zkrollup-amm-is-live-2f8251cd0fcd - Looks like Uniswap, but acts like Loopring
Fireblockshttps://www.fireblocks.com/blog/fireblocks-defi-for-institutional-trading-lending-and-staking/
- Institutional bridge for yield in DeFi?
Gnosis Safe introduces spending limitshttps://blog.gnosis.pm/gnosis-safe-spending-limits-f05b775d06b3 - One more step in replicating the legacy experience with crypto-infrastructure
Track Whale traders on Uniswaphttps://www.uniwhales.io/
Staking Liquidity services cropping uphttps://www.stafi.io/https://lido.fi/ - Sign of things to come!
NEWS
ETH 2 in the mainstream newshttps://www.cnbc.com/2020/12/01/ethereum-2point0-eth-cryptocurrencys-network-starts-a-major-upgrade.html
Visa Partners with Circle / USDC to get USDC to run through the Visa networkhttps://www.forbes.com/sites/michaeldelcastillo/2020/12/02/visa-partners-with-ethereum-digital-dollar-startup-that-raised-271-million/amp/?sh=2857044f4b1f&__twitter_impression=true
S&P index for crypto:https://twitter.com/RyanSAdams/status/1334499320838631424?s=20
Bad Governance:
Rashida Tlaib introduces legislation around stablecoins and bankinghttps://tlaib.house.gov/media/press-releases/tlaib-garcia-and-lynch-stableact
Good Governance:
Canada accelerating digital currency planshttps://decrypt.co/50213/bank-of-canada-digital-currency-pandemic
Libra rebrands to Diem ahead of 2021 launch https://www.coindesk.com/libra-diem-rebrand
China has seized over $4.2B from the PlusToken Ponzi https://www.theblockcrypto.com/post/85873/china-seize-billion-cryptos-from-plustoken-crackdown
194,775 BTC - $3.3B833,083 ETH - $435M
Oracle failure leads to $88M in liquidations in Compound
https://www.theblockcrypto.com/post/85850/dai-compound-dydx-liquidations-defi
- DAI price spiked to $1.30 on Coinbase, which Compound uses as an oracle.- 124 unique accounts got liquidated- It is worth noting that such massive liquidations at Compound have occurred for the first time.
More Ethereum nodes than Bitcoin nodes
https://twitter.com/etherchain_org/status/1333173744089640960?s=20 - Bitcoin = 10,981- Ethereum = 11,137
Venezualean government continues to leverage Bitcoin out of necessity
https://cointelegraph.com/news/venezuelan-army-starts-mining-bitcoin-to-make-ends-meet
- Making revenue via Bitcoin mining
The AI-powered Podcast Player
