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ROLLUP: 1st Week of March (3LAU & Grimes NFTs, PayPal Crypto, Citigroup Report)

Bankless

Bankless

Tech News, Technology, News

4.71.2K Ratings

🗓️ 5 March 2021

⏱️ 72 minutes

🧾️ Download transcript

Summary

Download the crypto meta to your brain in this weekly show.
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MARKETS

BTC Price
$50-$52k

ETH Price
$1500-$1600

TVL in DeFi
$40B

DPI
$420

NUPL
https://studio.glassnode.com/metrics?a=ETH&category=&m=indicators.NetUnrealizedProfitLoss&mAvg=7&mMedian=0&zoom=all 

Bitwise DeFi Index Fund - $32.5m
https://www.coindesk.com/bitwise-defi-index-fund-sec-filing-growth 

DeFi Revenue Chart
https://www.theblockcrypto.com/data/decentralized-finance/protocol-revenue 

Grayscale Premiums
https://twitter.com/rleshner/status/1365679532808806401?s=20 

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RELEASES

Google Finance 'Crypto' tab
https://www.google.com/finance 

zkSync Investing Round
https://twitter.com/zksync/status/1366387870735495169?s=20 

Sushi going Multichain
https://twitter.com/josephdelong/status/1367226781393166336?s=21 

Alpha On BinanceChain
https://blog.alphafinance.io/alpha-homora-embraces-multi-chain-future-starting-with-binance-smart-chain-bsc/ 

MetaMask & Layer 2
https://twitter.com/MetaMask/status/1367229353046790146?s=20 

Zerion integrating Polychain
https://twitter.com/zerion_io/status/1367528734148886528?s=20 

Alchemix Platform - 100M DAI
https://twitter.com/scupytrooples/status/1366029422839570432?s=20 

B.Protocol-Compound Integration
https://medium.com/b-protocol/b-protocol-compound-integration-is-live-fe026ba7b301 

Kings Of Leon Album NFT
https://www.rollingstone.com/pro/news/kings-of-leon-when-you-see-yourself-album-nft-crypto-1135192/ 

Introducing ‘Gateway’
https://medium.com/compound-finance/gateway-623f6f48d2b6 

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NEWS

Citigroup Report on Crypto
https://www.cnbc.com/2021/03/01/bitcoin-btc-is-at-a-tipping-point-citi-says.html 

Paypal To Buy Curv
https://www.coindesk.com/paypal-to-buy-crypto-custody-firm-curv-sources 

Paypal & Smart-Contracts?
https://twitter.com/mdudas/status/1367525905761984517?s=20 

MicroStrategy Buys BTC - $15m
https://decrypt.co/59789/microstrategy-invests-15-million-in-bitcoin-adding-to-4-3-billion-stash 

Furucombo Exploit - $14m
https://www.theblockcrypto.com/linked/96572/defi-building-block-service-furucombo-exploited-for-14m 

Fed Looking At Digital Dollar
https://markets.businessinsider.com/currencies/news/fed-digital-dollar-jerome-powell-congress-issue-crypto-bitcoin-2021-2-1030114663 

Grimes $5.8 Million NFT Auction
https://cointelegraph.com/news/musician-grimes-debut-nft-auction-generates-5-8m-in-20-minutes 

3LAU $11.6M NFT Sale
https://thissongissick.com/post/3lau-11-million-nft-auction/ 

Ubisoft Bring NFTs into Games
https://twitter.com/bruhagan/status/1366711237632004098?s=20 

NFT Bull Market
https://twitter.com/spencernoon/status/1367495101681983490?s=20 

Canada Filing For ETH ETF
https://www.theblockcrypto.com/linked/96813/evolve-funds-eth-etf-filing-canada 

BitMEX’s Arthur Hayes Expected To Surrender
https://twitter.com/ppogodin/status/1367189056212398081?s=21 

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TAKES

Burniske Advice to entrepreneurs
https://twitter.com/cburniske/status/1367231116529180672?s=20 

BSC Speedrunning DeFi summer
https://twitter.com/sassal0x/status/1367437987185709062?s=20 

ETH's Moat is EVM
https://thedailygwei.substack.com/p/the-evm-is-the-moat-the-daily-gwei 

Full Blocks Maximalist
https://twitter.com/TrustlessState/status/1367364003521986561?s=20 

ETH Maxis: Bitcoin is a Worthless Meme Coin
https://twitter.com/ashleighschap/status/1366903062091210754?s=20 

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MEME

https://www.instagram.com/p/CLzwCdIgiXH/?igshid=1rmy63avudo2t 

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Not financial or tax advice. This channel is strictly educational. This channel is NOT: investment advice, a solicitation to buy/sell any asset, tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. See Bankless investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures 

Transcript

Click on a timestamp to play from that location

0:00.0

All right, thank you for the station. It is the first week of March. This is Friday morning.

0:18.6

I hope you're enjoying the special edition of the Roll-Ups first edition of March with

0:24.1

your Friday morning copy. David, what are we doing today? We're rolling it up. We're rolling

0:29.5

up the first week of March. As we all know, the cryptocurrency industry moves so incredibly

0:33.6

fast. And so we try and distill a full week of crypto news into one single episode. It's an

0:39.5

ambitious endeavor. We try and condense as much information and as short a time as possible.

0:44.5

Sometimes we go a little bit long, but we're going to try and condense things a little bit

0:47.9

better this week. So, Ryan, shall we get into it? We should, David, but before we get into it,

0:53.6

we should mention that consensus tickets are on sale. So, this is a virtual conference. You

0:59.2

can attend. I'll be there. David is speaking there, Ray Dalio is speaking there. So, he's in

1:03.5

good company. The thing I wanted to mention is that you can get $20 off when you use the

1:08.6

bankless code. They've got an early bird special. So, if you're planning to attend a crypto conference

1:14.0

this year, this should be the one you attend. Everyone goes a fantastic event and get $20 off

1:20.1

with the code bankless will include a note in the show notes. David, you ready? Let's start with

1:25.1

markets, my friend. You ready to start with markets? Let's do it. What are the markets saying?

1:30.1

Well, tell us Bitcoin. What is the price of Bitcoin right now? Where have we been? And where are we

1:35.3

going? Yeah, at the time of recording, Bitcoin is at $47,500. Ryan's got Missouri on up. It's got

1:43.0

$48,000. You know, different depending on where you look. But we touched over, got back over

1:48.4

$50,000 this week. But maintaining strength, I think, has been a little bit of a struggle for

1:54.4

the main monies, the Bitcoin and Ether. We are falling down a little bit today. But, you know,

2:00.9

on the Ether price action, we both touched $1,600 and the $1,400 in the same day. So things

2:08.2

are volatile. We're definitely planting a floor, I would say, but we are struggling to get much

...

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