ROLLUP: 3rd Week of December
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 17 December 2020
⏱️ 41 minutes
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Summary
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ROLLUP: 3RD WEEK OF DECEMBER
MARKET:
BTC Price
- On the three year anniversary of the 2017 ATH, BTC breaks 20k and skyrockets to $23,800.
- BTC on Ethereum: Down from 145k TO 141.5k
ETH Price
- $ETH is up $100 during the last two days, highs not seen since May of 2018
TVL in DeFi
- $16.4B, up from $14B
- DPI up from $101 to $115,
Grayscale Insane premiums
https://twitter.com/grayscaletrust/status/1339356060948312064?s=21
ETH now vs ETH Then
https://twitter.com/sassal0x/status/1339192917735292928?s=20
$1B of ETH in the deposit contract
https://twitter.com/sassal0x/status/1339522266237784065?s=20
Ethereum addresses with ETH in them passes 50M
https://twitter.com/intotheblock/status/1339433477305876480?s=27
From CeFi to DeFi https://twitter.com/glassnode/status/1337410802396127233?s=20
The amount of fees on #Ethereum spent on $ETH deposits to centralized exchanges has fallen from ~25% in 2017 to less than 1% today.
$3B in USDC https://twitter.com/jerallaire/status/1338662314355138565
ETH Option Open Interest at $1B ATH https://twitter.com/skewdotcom/status/1338818750166994944?s=21
RELEASES
Ethereum futures from the CME
https://www.theblockcrypto.com/linked/88028/cme-group-announces-ethereum-futures
Maple Leaf Capital report on Ethereum and DeFi
https://twitter.com/MapleLeafCap/status/1339346115322376192?s=20
Swivel Finance https://swivel.finance/
Interest rate derivative protocol built on Aave and Compound
Circle announced high-yield USDC business accounts
https://www.circle.com/en/features/yield
Kraken announces accepting lightning depositsh
https://blog.kraken.com/post/7225/a-need-for-speed-kraken-to-launch-bitcoin-lightning-%e2%9a%a1%ef%b8%8f-integration-in-2021/
Digital Yuan is here
https://www.theblockcrypto.com/post/87754/china-digital-yuan-touching-pay
Sybil governance delegation platform
https://sybil.org/#/delegates/uniswap
NEWS
One River Asset Management CEO Eric Peters, $600mm in BTC and ETH have been purchased to date, with the total set to exceed $1B in early 2021
https://casebitcoin.com/story/new-1b-fund-created-to-buy-btc-with-support-from-one-river-ceo
Hugh Karp of Nexus Mutual has the majority of his NXM stolen from him by a relatively unknown attack vector https://www.coindesk.com/ceo-of-defi-insurer-nexus-mutual-hacked-for-8m-in-nxm-tokens
Office of the Comptroller wants to issue ‘country coins’ to help incentive education
https://fortune.com/2020/12/15/crypto-country-coin-brian-brooks-comptroller-of-currency-learning-student-incentives/
Long term incentive streaming for Eth2 public goods - 3,200ETH to start
https://jamesfickel.ghost.io/towards-long-term-incentives-on-ethereum
Pornhub: Now crypto only
https://decrypt.co/51478/pornhub-now-accepting-crypto-only
Beeple NFT massive success
https://www.beeple-crap.com/nft
https://twitter.com/niftygateway/status/1338268375156482050
$3.5M in sales from NFT auction
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | David. Ryan. What are we about to do? We're about to roll it up. Let's roll it up. It's |
| 0:21.5 | the week of December. Happy Friday morning. This comes out every Friday morning so you can drink |
| 0:27.0 | cup of coffee and catch up on crypto in about 25 minutes. David, what do we do? Give us the topic |
| 0:33.1 | list. We take five different topics and we roll it up into five different minutes each. We talk |
| 0:39.4 | about the market. What is the market saying? We talk about releases. What got released. Then we |
| 0:43.8 | talk about the news. Then Ryan and I share some of our takes. And finally, we finished off with |
| 0:48.6 | what we are excited about. There is a ton of news to roll up in this week. So much happened. And so |
| 0:55.1 | we are going to roll up a whole entire week's worth of information injected straight into your |
| 1:00.0 | brain. So you can keep up the two. So you can keep up with the crazy world of crypto. Ryan, |
| 1:06.0 | are you ready? I'm ready, man. Let's do it. Okay. Let's start with the market. The question is, |
| 1:11.0 | what is the market saying? I feel like it's saying price go up. I think it says number go up. |
| 1:18.2 | What a week, man. Let's start with Bitcoin all time highs after flirting with it for I don't |
| 1:22.9 | know how many weeks. It feels like like four weeks. Yeah. Yep. It hit it. Tell us about it. Yeah, |
| 1:29.1 | interestingly enough, three years to the date that Bitcoin painted the almost 20K all time high in 2017. |
| 1:37.0 | We broke it on December 16th, three years later, cruising through the 20K mark all the way up to |
| 1:44.4 | almost $24,000. In the last two days, Bitcoin has painted two almost two candles at $2,000 each. |
| 1:54.8 | That is crazy. The volatility is back, baby. Do you know what this means? David, I was thinking about |
| 2:00.3 | this. It means every single person who told you that Bitcoin would never reach all time high again |
| 2:08.6 | is wrong. Every single ever doubted Bitcoin is fundamentally proven wrong. They're wrong, |
| 2:13.9 | like they've been wrong. And it kills me that people give advice without any skin in the game. |
| 2:19.2 | The seed teleb talks about this and it happens all of the time. These analysts and these experts |
| 2:24.3 | and these economists give advice without any skin in the game. Right. And it cost them nothing |
... |
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