ROLLUP: 2nd Week of December
Bankless11 Des 2020

ROLLUP: 2nd Week of December

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ROLLUP: 2nd Week of December

MARKET

BTC Price
- 18,297.90

BTC on Ethereum
- Down from to 147K to 145K
- BTC above 18k for 9 days in a row.
- In 2017, BTC wasn’t above 18k for like 9 hours

ETH Price
- $560

TVL in DeFi
- $14.7B to $14B
- $DPI from $116 to $101

Ethereum 2.0 1 week stats https://twitter.com/AlexanderFisher/status/1336280548084477953

- ETH 2 deposit contract adding 40k ETH per day
- 3x more ETH than what is being issued per day
- Over 1% ETH in the deposit contract

USDC outpacing Tether https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F46c07bef-9100-4d24-9a57-b8b26801f9bd_1200x726.png

(RELEASES) What got released?

Messari 2.0 https://messari.io/

Yearn quarterly report https://github.com/iearn-finance/yearn-pm/blob/master/financials/reports/2020Q3-yearn-quarterly-report.pdf

4 Takeaways from ETH 2 deposits

- Blog from Etherscan https://medium.com/etherscan-blog/4-takeaways-from-deposits-into-eth2-28c64dd2863

Circle launches payments platform for USDC https://www.circle.com/blog/circle-launches-major-platform-upgrade-aimed-at-bringing-digital-dollar-stablecoins-mainstream

New Square competitor

Maker Governance vote to add https://twitter.com/MakerDAO/status/1335993149076869123?s=20
- AAVE
- DAI-ETH LP token
- USDC-ETH LP token

(NEWS) What’s in the news?

8,000 Nodes live outside the US https://twitter.com/PhABCD/status/1335349619467968519
- More than the total number of ETH nodes from just a few months ago

The STABLE Act
- Unintended consequences https://www.coincenter.org/the-unintended-consequences-of-the-stable-act/

MicroStrategy issues $400 in convertible debt to buy $BTC https://cointelegraph.com/news/microstrategy-will-issue-400-million-in-securities-to-buy-more-bitcoin

MassMutual buying $100M BTC https://www.theblockcrypto.com/linked/87378/massmutual-bitcoin-insurance-purchase
- More legit than Microstrategy according to Joey Krug
"measured yet meaningful exposure to a growing economic aspect of our increasingly digital world."

Ray Dalio warming to BTC in Reddit AMA
https://twitter.com/RyanWatkins_/status/1336438172142739458?s=20

The Ether Fund
- 3iQ Corp IPO closes Dec 10th (today), raising a maximum of $107M, already raised $75M so far

Tyler Winklevoss Tweet: https://twitter.com/tyler/status/1336839087093919744

France maybe extending KYC laws
https://www.theblockcrypto.com/post/87001/france-crypto-rules-mandatory-kyc-crypto-to-crypto

Rumors that Steven Mnuchin is thinking about regulations on Digital Self Hosted Wallet
-Warren Davidson getting ahead of the issue with a letter to Mnuchin
https://twitter.com/WarrenDavidson/status/1336804544320327683?s=20

Paxos files for a Federal Bank Charter https://www.coindesk.com/paxos-becomes-latest-crypto-firm-to-file-for-federal-bank-charter

Venezuela pays for Imports from Iran/Turkey with Bitcoin https://news.bitcoin.com/venezuela-pays-imports-iran-turkey-bitcoin-evade-sanctions/

JP Morgan says that Gold will suffer because of Bitcoin

https://www.bloomberg.com/news/articles/2020-12-09/jpmorgan-says-gold-will-suffer-for-years-because-of-bitcoin

Yahoo Finance also speaking more positively for Bitcoin

CoinGecko is better than CoinMarketCap https://out.reddit.com/t3_k8jct1?url=https%3A%2F%2Fmaxbit.cc%2Fcoingecko-looks-to-overtake-coinmarketcap-with-huge-uptick-in-traffic%2F&token=AQAA_YjSXxU46BXDalbUf4Pv-UkKhy4yT938Vzi-qo7VV6usja4b&app_name=reddit.com

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Episoder(1298)

ROLLUP: Bitcoin Breaks Below $60K | Saylor’s Three Bad Options | ETH Labs | The Quantum Clock

ROLLUP: Bitcoin Breaks Below $60K | Saylor’s Three Bad Options | ETH Labs | The Quantum Clock

Markets are bleeding as Bitcoin breaks below $60K and Strategy faces its biggest test yet. Ryan and David unpack Saylor’s three-way squeeze, ETH Labs vs. the EF reset, quantum timelines moving up, and...

26 Jun 1h 4min

AI, Surveillance, and the Fight for Digital Sovereignty | Near's Illia Polosukhin

AI, Surveillance, and the Fight for Digital Sovereignty | Near's Illia Polosukhin

What happens when powerful AI requires an ID, governments can restrict access by country, and your most private data flows through centralized systems? NEAR co-founder Illia Polosukhin joins David to ...

23 Jun 57min

"The Fed Can't Print Moore's Law" - How the AI Crash Sends Bitcoin to $1M | Arthur Hayes

"The Fed Can't Print Moore's Law" - How the AI Crash Sends Bitcoin to $1M | Arthur Hayes

Arthur Hayes is back on Bankless, and he’s taking the W off the table. After selling HYPE, NEAR and ZEC, Arthur walks through why the AI trade started to look less asymmetric, why oil and geopolitics ...

22 Jun 58min

ROLLUP: Saylor Risk? | Warsh’s New Fed | SpaceX IPO | Coinbase’s Everything Exchange

ROLLUP: Saylor Risk? | Warsh’s New Fed | SpaceX IPO | Coinbase’s Everything Exchange

Equities are rallying, but Bitcoin is breaking down. David and Tom unpack Saylor’s STRC stress, Warsh’s first FOMC, SpaceX’s mega-IPO, Jito’s breakout, Coinbase’s Everything Exchange, and why perps ma...

19 Jun 1h

How Re is Rebuilding the $1T Reinsurance Market with Stablecoins | Karn Saroya & Avichal Garg

How Re is Rebuilding the $1T Reinsurance Market with Stablecoins | Karn Saroya & Avichal Garg

Re is bringing the $1T reinsurance market onchain. Founder Karn Saroya and Electric Capital’s Avichal Garg join David to unpack how stablecoins can become a new capital source for insurance, why real-...

18 Jun 58min

Why The Pokémon Card Market Is Blowing Up | Andy8052

Why The Pokémon Card Market Is Blowing Up | Andy8052

Pokemon cards are suddenly one of the hottest markets in collectibles. But why now, and what does it have to do with crypto? Andy8052 joins David to break down the rise of digital pack-opening platfor...

17 Jun 46min

Perps Are Coming Onshore | CFTC Chairman Mike Selig

Perps Are Coming Onshore | CFTC Chairman Mike Selig

Perps are coming onshore. CFTC Chairman Mike Selig joins David to unpack the first U.S.-regulated Bitcoin perpetual futures contract, the end of regulation by enforcement, and what comes next for Coin...

15 Jun 35min

ROLLUP: One More Dip? | Saylor Sold | IPO Season | Ethereum vs ETH

ROLLUP: One More Dip? | Saylor Sold | IPO Season | Ethereum vs ETH

Bitcoin is back at Biden-era prices, ETFs are bleeding, and Saylor just did the thing he said never to do: sell. Ryan and David unpack whether crypto has one more drop left, what trillion-dollar IPOs ...

12 Jun 1h 8min

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