Bankless ROLLUP: Elizabeth Warren's Anti-Crypto Army | Arbitrum Controversial Vote | Dogecoin Twitter
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Apr 7, 2023 The hosts dive into Elizabeth Warren's anti-crypto crusade and the bizarre political alliances forming around it. They discuss the controversial Arbitrum governance vote, shedding light on community frustrations and transparency issues. Insights into the volatile crypto markets highlight decentralized exchanges like Uniswap rising against centralized platforms. Meanwhile, the chatter around Elon Musk's impact on Dogecoin mixes humor with serious implications. Plus, a reflection on the cringe-worthy April Fool's pranks keeps the mood light!
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Market Outlook
- Renewed optimism surrounds Bitcoin and Ether reaching their highest prices in months.
- Sassano believes this sideways "crabbing" trend will likely persist throughout the year, with a potential bull market in 2024.
Interpreting the Bitcoin-Ether Ratio
- The Bitcoin-Ether ratio chart is noisy, making short-term signal extraction difficult.
- Sassano recommends a month-to-month timeframe for ratio analysis rather than shorter periods.
Decentralized Exchange Dominance
- Ethereum's self-custody holdings are at an all-time high, coinciding with Uniswap outperforming Coinbase in trading volume for two consecutive months.
- This shift underscores the growing preference for decentralized exchanges.