Bankless ROLLUP: 1st Week of April (Visa on ETH, SNL NFT Skit, PayPal Crypto, Bankless & Wells Fargo)
Apr 2, 2021
Discover the playful clash between April Fools' jokes and crypto truths, including a mock acquisition by Wells Fargo. Dive into Ethereum's promising price surge and the buzz around new DeFi innovations like the ETH2X FLI token. Unravel the implications of PayPal's crypto checkout service and Visa's moves on the Ethereum network. Explore the competitive landscape of Layer 2 protocols, as well as the fascinating intersection of art, NFTs, and the blockchain tech revolution.
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Vitalik's April Fool's Joke
- Vitalik Buterin once proposed an ETH supply hard cap on April Fool's Day.
- To this day, no one knows if he was serious, highlighting crypto's playful approach to April 1st.
ETH's Strong Performance
- Bitcoin led the market this week, but Ether (ETH) showed greater strength.
- ETH's price surge from $1,600 to nearly $2,000 suggests positive sentiment and potential for ETH2K.
DeFi Season on Pause?
- The DeFi Pulse Index (DPI) is down against ETH, suggesting it's not yet "DeFi season."
- The market cycle may still favor ETH, indicating a transition phase between BTC, ETH, and DeFi tokens.