Bankless ROLLUP: $ETH 3k! | TradFi Stonks ATHs | $STRK Now Live | Yuga Acquires PROOF
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Feb 23, 2024 Ethereum's recent leap to $3,000 has sparked mixed opinions on its future. The booming interest in Bitcoin ETFs signals a shift towards institutional investment in crypto markets. AI's growing role in finance is spotlighted, particularly with NVIDIA's dominance influencing tech stocks. Exciting developments in the NFT sector are showcased, including the Pudgy Penguins partnership with Walmart. Also, Yuga Labs made headlines with its acquisition of PROOF, hinting at the evolving landscape of crypto and traditional retail.
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ETH's $3K Milestone
- ETH hitting $3,000 is a significant milestone because the market's foundation is stronger than in 2022.
- Current tailwinds include L2 growth, restaking yields, and potential ETFs, suggesting a higher floor for this cycle.
Bullish Bitcoin Landscape
- Bitcoin's landscape is bullish due to strong ETF flows, advancements like the BitVM, and increased VC funding in Bitcoin startups.
- Ordinals and BRC-20 are driving interest, particularly in Asia.
Bitcoin Civil War
- A "Bitcoin civil war" is brewing between those embracing Bitcoin development and the "fix-the-filter" camp.
- The latter wants to filter non-monetary transactions, believing they dilute Bitcoin's value.