Bankless

ROLLUP: Markets Turn Bearish | Trillion Dollar Bank Launches L2 | Massive Pudgy Airdrop | DeFi Drama

31 snips
Dec 20, 2024
This week, Anthony Sassano, a prominent contributor in the crypto ecosystem and Ethereum expert, discusses whether the recent market downturn is temporary or signaling a bigger shift. He delves into Federal Reserve rate cuts and institutional adoption trends that keep crypto alive. The launch of Kraken’s Ink chain and Deutsche Bank's foray into zkEVMs stir excitement, while the Pudgy Penguins’ token sparks debate. Additionally, Anthony shares insights on the 2024 Crypto Developer Report and the unfolding drama between Aave and Polygon.
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INSIGHT

Fed Relevance to Crypto

  • The Federal Reserve's actions are less relevant to crypto than previously.
  • Positive tailwinds for crypto in 2025 include favorable regulations, institutional adoption, and layer two scaling.
INSIGHT

Crypto Cycles

  • Crypto cycles, led by Bitcoin, exhibit a pattern of rising dominance followed by liquidity flowing into other assets.
  • This cycle's unusual price action, including Bitcoin's all-time high before its halving, suggests a shift in traditional patterns.
INSIGHT

Ethereum ETF Flows

  • Ethereum ETF flows have shifted significantly, with consistent positive inflows, even during market sell-offs.
  • Increased institutional education on Ethereum is driving this trend, indicating growing adoption.
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