ROLLUP: 4th Week of January ($GME, Robinhood RANT, WHY WE DEFI)
Bankless
GameStop: Clash of Titans
This chapter explores the tumultuous events surrounding GameStop's trading frenzy, focusing on short selling and the risks it entails for hedge funds. It highlights the pivotal role of the WallStreetBets community in orchestrating a short squeeze, challenging the power dynamics between retail and institutional investors. The discussion also addresses the implications of trading platform actions and the broader consequences for market fairness and financial activism.
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MARKET
BTC $32,500, hanging in the low 30,000ās
ETH $1480 (New High) High-Highs, Lower Lows
TVL in DeFi: 26.5B $DPI: $290 DPI/ETH 1-Day Chart! https://www.tradingview.com/symbols/DPIWETH/?exchange=UNISWAP
Corrections - Avg correction in bull market is 35% - Every quarter has a correction - Expect them
_______ RELEASES
ETH 2.0 available on Bitfinex https://twitter.com/bitfinex/status/1352293087045947394?s=20
L2 is Coming https://twitter.com/StaniKulechov/status/1351952652612067328?s=20
Coinbase offers secondary shares https://www.theblockcrypto.com/linked/92251/coinbase-offer-secondary-market-private-shares-nasdaq
Kyber v3 launched a bunch of thing...focused on LPs https://blog.kyber.network/kyber-3-0-architecture-revamp-dynamic-mm-and-knc-migration-proposal-acae41046513?gi=769375436a6f
Alpha Homora v2 https://newsletter.banklesshq.com/p/how-to-boost-your-yield-farming-reward
Vitalikās Holy Grail for Rollups https://twitter.com/StarkWareLtd/status/1354061268731179010?s=20
Comparing Layer 2 Solutions https://indexed.wtf/
Uniswap WBTC-ETH and USDC-ETH LP Token Vaults are Live https://twitter.com/nomos_paradox/status/1354280885936250881?s=21 https://vote.makerdao.com/executive/collateral-onboarding-debt-ceiling-adjustments-other-changes?network=mainnet#proposal-detail https://daistats.com/#/
_______ NEWS Track Placeholder Ventures on Chain https://messari.io/screener/placeholder-ventures-portfolio-AD10BC17
Public Company buys BTC (Marathon Patent Group) https://www.theblockcrypto.com/post/92378/nasdaq-marathon-patent-group-buys-bitcoin-btc-treasury-reserves
MicroStrategy bought even more BTC https://www.microstrategy.com/content/dam/website-assets/collateral/financial-documents/financial-document-archive/Form-8-K_jan-22-2021.pdf
Yellen on Cryptocurrencies https://www.theblockcrypto.com/linked/92028/yellen-treasury-senate-cryptocurrencies?utm_source=cryptopanic&utm_medium=rss
Miami Mayor is hot for BTC https://twitter.com/FrancisSuarez/status/1354488469091975168
ConsenSys partners with BSN (China) https://www.coindesk.com/ethereum-based-consensys-quorum-partners-with-chinas-bsn-blockchain
Dotās popularity in China https://decrypt.co/55163/polkadot-china-hottest-crypto
DyDx raises $10mm Series B Funding https://t.co/uZ2wFoyv3e
Genesis did $20B in Lending in 2020 https://info.genesistrading.com/hubfs/Genesis%20-%20Quarterly%20Reports/Genesis%20Q4%20Report.pdf
DyDx did $18B in Lending in 2020 https://drive.google.com/file/d/1j2IIXIfGOnfiwfVDlK8RORa6jbsBjp52/view
Mark Cuban & Soulja Boy minting NFTās Cuban: https://twitter.com/mcuban/status/1354497954732761088?s=20 Soulja Boy: https://twitter.com/souljaboy/status/1354486572037492736?s=19
_______ TAKES
Ethereum not blockchain https://twitter.com/JayeHarrill/status/1352027529331134464?s=20
PoS vs PoW on energy https://twitter.com/pythianism/status/1353782557884641281?s=20
Institutions adopt āETH is Moneyā https://www.coindesk.com/institutional-investors-ether-rally
DeFi paying users instead of advertisers (airdrops were sick) https://twitter.com/erikvoorhees/status/1353939463202893824?s=21
Banks charging negative interest https://twitter.com/q9fmz/status/1354048620253868032?s=21
_______ WSB / GAMESTOP https://markets.businessinsider.com/news/stocks/gamestop-stock-short-seller-squeeze-losses-reddit-traders-citron-gme-2021-1-1030000080 https://www.theblockcrypto.com/linked/92959/rep-tlaib-congress-robinhood-gamestop
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