ROLLUP: 2nd Week of January
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 15 January 2021
⏱️ 53 minutes
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Summary
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BTC Price
In the last 7 days:
- Touched $42,000
- Fell down to $31,000
- Regained $40,000.
- Currently at $39,500
ETH Price
- Touched $1,350
- Fell to $900
- Currently above $1,200
TVL in DeFi
- From $22.8 to $23.3B
$DPI
- From $185 to $208
$MKR particularly interesting price action
Retail entering; judging by exchange twitter followers
https://twitter.com/lawmaster/status/1348220777498353665?s=20
Market Dumps because of overleverage:
https://twitter.com/kaiynne/status/1348486588045668353?s=20
Numbers are bigger now
Price swings, volume
https://twitter.com/MessariCrypto/status/1348769821220069382?s=20
Coinbase volume
https://twitter.com/lawmaster/status/1348895884315156481?s=20
Reminder: ETH futures on the horizon
https://www.cmegroup.com/media-room/press-releases/2020/12/16/cme_group_to_launchetherfuturesonfebruary82021.html
RELEASES
Tether on a ZK Rollup
https://www.theblockcrypto.com/post/90738/tether-usdt-hermez-ethereum-layer-2-scaling-solution-zk-rollups
Nexus mutual offering insurance on exchanges
https://www.coindesk.com/nexus-mutual-decentralized-insurance-cover-coinbase-binance-kraken-gemini
Bitcoin hashrate tokenized on Ethereum
https://www.theblockcrypto.com/post/90847/poolin-bitcoin-hashrate-token-pow-defi
Connecting all the rollups with Vector?
https://medium.com/connext/vector-0-1-0-mainnet-release-9496ae52c422
Cloudflare and IPFS
- Your ethereum address is now accessible by any browser without an extension https://blog.cloudflare.com/cloudflare-distributed-web-resolver/
ETH staking inside Argent
https://www.argent.xyz/blog/liquid-eth-staking-in-argent/
Synthetix announces Optimistic Rollup transition plan
https://blog.synthetix.io/the-optimistic-ethereum-transition/
Coinbase Asset Hub
https://blog.coinbase.com/introducing-coinbase-asset-hub-our-open-invitation-to-asset-issuers-f9d5f0be609d
NEWS
Gemini going public??
https://www.theblockcrypto.com/linked/91251/winklevoss-twins-weighing-taking-gemini-public
Gemini BTC credit card
https://techcrunch.com/2021/01/14/gemini-is-launching-a-credit-card-with-bitcoin-rewards/
Gary Gensler is new SEC chair.
https://www.reuters.com/article/us-usa-biden-sec-exclusive/exclusive-biden-to-name-gary-gensler-as-u-s-sec-chair-sources-say-idUSKBN29H2PQ
We did it.
https://twitter.com/valkenburgh/status/1349717095425183747?s=20
Anchorage Becomes First OCC-Approved National Crypto Bank - CoinDesk
https://www.coindesk.com/anchorage-becomes-first-occ-approved-national-crypto-bank
Morgan Stanly owns 10% of Microstrategy
https://www.coindesk.com/morgan-stanley-boosts-stake-in-bitcoin-laden-microstrategy-to-10-9
70,470 BTC, 10.9% is MS’s, 7681 BTC claimed to morgan stanly
Pakistan using funds to mine BTC
https://decrypt.co/53918/pakistan-is-now-using-government-funds-to-mine-bitcoin
2.5% of ETH supply in Gnosis safe
https://twitter.com/gnosisSafe/status/1349685149408112646?s=20
TAKESSushi on the rise
https://twitter.com/ashwath_22/status/1349090698788626432?s=20
Erik Voorhees on protocol competition
https://twitter.com/ErikVoorhees/status/1349548038822502400?s=20
Brian Brooks “Get Ready for Self-Driving Banks”
https://www.ft.com/content/c1caca5b-01f7-41be-85a4-3ecb883f2417
Bitcoin is less risky as NGU
https://www.coindesk.com/bitcoin-bill-miller-cnbc-volatility-risk
Ryan on ICOs
- were ICOs net good or net bad? https://twitter.com/RyanSAdams/status/1347599685356314626?s=20Starting pistol for Web3 decentralization
https://twitter.com/FEhrsam/status/1348316470258794496?s=20
Mark Cuban on internet tech stocks
https://twitter.com/RyanSAdams/status/1348698853072130057?s=20
Bitcoin in race for adoption ahead of CBDCs
https://www.coindesk.com/bitcoin-race-for-adoption-central-bank-digital-currencies
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | David, it is Friday morning. What is it time for? It is time for rollups, weekly rollups, |
| 0:18.2 | where we inject a whole entire week's worth of news into your brain in as short of a time |
| 0:23.2 | as possible. We go through a number of different topics. First, we start with the market. |
| 0:28.3 | Ask what the market is telling us. Then we move into releases, who released what in the last seven |
| 0:34.4 | days. Then we go into the news, what's happened in the news cycle. Then we finish off with some |
| 0:39.6 | takes, who had some interesting takes this week out in the crypto ecosystem. And then we top things |
| 0:45.1 | off with what David and Ryan are excited about. Ryan, are you ready to get into it? |
| 0:49.6 | I'm ready, man. Let's get started with the market. I am setting the timer. Keep us on track, |
| 0:54.5 | David. Let's talk about the market. We had like what? A mini bear market and now we're out of it. |
| 1:00.0 | What's going on with Bitcoin? We had a famous two to three day long bear market. We ended last week |
| 1:06.1 | with Bitcoin touching $42,000. All this happened in the last seven days. Bitcoin touched $42,000, |
| 1:12.8 | fell down to $31,000 and then it regained $40,000 earlier this morning. It's currently just a |
| 1:19.1 | couple hundred dollars below $40,000. So we experienced a quote unquote two day bear market and |
| 1:25.5 | now we're back at it. Pretty interesting price action. I feel pretty good that we kind of |
| 1:29.5 | predicted this on the last roll up. We said get ready for 30 to 40% drops. We just saw what a 30% |
| 1:35.7 | drop closing in on 40 with ether. Do you think we're out of this yet? Yeah. So this has been really |
| 1:40.4 | interesting. The conversation about crypto prices leading up to last week was that, you know, |
| 1:45.5 | quote unquote, there's a new paradigm, right? Because we would think we would see like five to |
| 1:49.3 | seven percent dips and then they would just get bought, right? So we never really had those |
| 1:53.5 | famous like 30 to 40% corrections. And so that's what we talked about last week. We said this |
| 1:58.0 | likelihood of a correction is coming. But previously corrections can can be like, you know, |
| 2:02.7 | we saw a 30% correction and previously we've seen 40% corrections that, you know, turn into like |
... |
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