Bankless ROLLUP: Voyager Bankrupt | Solana Phone | ENS Domains | Facebook NFTs | Reddit NFTs | EU Crypto Regulation
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Jul 8, 2022 Delve into the aftermath of Voyager's bankruptcy and the lessons learned for crypto investors. Explore the growing significance of .eth domains and the competition between stablecoins like USDC and Tether. Discover innovations like Solana's Android phone and Facebook's NFT ambitions, alongside insights on EU crypto regulations. The podcast navigates the contrasts between decentralized and traditional finance, reflecting on the resilience of DeFi amid market turmoil. Engage with the evolving landscape of privacy and opportunities in cryptocurrency.
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ETH/BTC Ratio Up
- ETH outperformed BTC during a green week in July 2022, with an 18% increase compared to BTC's 3.5%.
- The ETH/BTC ratio also rose by 8%, a potential bullish signal despite being a lagging indicator.
Dollar Strength
- The US dollar continues to strengthen, reaching parity with the euro for the first time in 20 years.
- The yen also hit its lowest level since 2001, reinforcing the dollar's dominance.
USDC vs. Tether
- USDC is on track to surpass Tether as the leading stablecoin, driven by regulatory concerns and growing transparency.
- USDC's market cap has grown since May, while Tether's has declined.